NBC Bearings, which is part of the CK Birla Group, and a leading supplier of bearings for various applications to the automotive industry, is eyeing the shift towards electrification and developing new-age solutions to cater to the industry’s transformed needs. The company gauged the EV trend, and started investing in EV-specific bearings six years ago.… Continue reading ‘There will be a hockey stick effect in India’s EV sales’: Rohit Saboo, NBC Bearings
Author: Autocar_Professional India Online News
New Maruti Dzire gets 5 stars in GNCAP crash test
Shortly after unveiling the new fourth-generation Dzire in India, Maruti Suzuki has gotten the compact sedan crash tested by Global NCAP. The new Maruti Dzire has scored an impressive 5 stars in adult occupant protection (AOP) and a 4-star safety rating for child occupant protection (COP), making it the first Maruti to score a 5-star rating from… Continue reading New Maruti Dzire gets 5 stars in GNCAP crash test
Gujarat targets $3.5 Trillion economy by 2047, FICCI pledges support
At a special session during FICCI’s National Executive Committee Meeting (NECM), Chief Minister Bhupendra Patel emphasised Gujarat’s commitment to fostering an industry-friendly environment. He highlighted state policies and initiatives designed to attract investment and promote sustainable growth. Chief Minister Patel acknowledged the role of Prime Minister Modi’s leadership in India’s development, noting initiatives such as… Continue reading Gujarat targets $3.5 Trillion economy by 2047, FICCI pledges support
Harsha Vardhan Agarwal appointed as FICCI President-Elect for 2024-25
The Federation of Indian Chambers of Commerce & Industry (FICCI) has announced that Harsha Vardhan Agarwal will serve as its President-Elect for 2024-25. This decision was made during the FICCI National Executive Committee Meeting (NECM). Currently holding the position of Senior Vice President at FICCI, Agarwal will succeed Dr. Anish Shah as President following the… Continue reading Harsha Vardhan Agarwal appointed as FICCI President-Elect for 2024-25
Trend Reversal: Ola Electric’s losses widen, revenue falls in Q2
Ola Electric Mobility Limited has reported its second quarter results for FY25, showing sequential deterioration in key metrics along with notable shifts in its product mix and financial metrics. However, on a year-on-year basis, the numbers continued to show improvement. The company was listed on Indian bourses in August, and has seen significant fluctuations in… Continue reading Trend Reversal: Ola Electric’s losses widen, revenue falls in Q2
Inteva Products expands Pune manufacturing facility to meet growing demand
Inteva Products LLC, a global supplier of automotive systems and components, has announced the expansion of its manufacturing facility in Chakan, Pune. The $3.3 million investment aims to enhance production capacity and operational efficiency to meet the increasing demand in India’s automotive sector. The expansion will increase the plant’s production space by 70%, bringing it… Continue reading Inteva Products expands Pune manufacturing facility to meet growing demand
We’re more optimistic than before: M&M’s Rajesh Jejurikar on EV market
Even as sales of electric vehicles show signs of a sharp moderation, Mahindra and Mahindra (M&M) said that it is “more optimistic” about the EVs in India. The comments come in the context of upcoming launch of its two ‘born electric’ SUVs – XEV 9e and the BE 6e – later this month. “We are… Continue reading We’re more optimistic than before: M&M’s Rajesh Jejurikar on EV market
Escorts Kubota Q2 profit surges 54% aided by sharp decline in tax expense
Escorts Kubota Ltd reported a 54% increase in consolidated profit after tax at ₹324.2 crore in the second quarter of FY25, up from ₹210.5 crore in the same quarter last year due to a sharp fall in tax expenses. Tax expenses were lower by nearly ₹97 crore in the second quarter compared to same period… Continue reading Escorts Kubota Q2 profit surges 54% aided by sharp decline in tax expense
M&M raises FY25 tractor industry growth forecast to 6-6.8%
After a flat first half for the domestic tractor industry in the current financial year, Mahindra & Mahindra anticipates double-digit growth in the industry volume during the second half. The automaker now has revised its guidance for full-year tractor industry growth upwards to 6-6.8%. “5% growth is what we have said last time. Now we… Continue reading M&M raises FY25 tractor industry growth forecast to 6-6.8%
M&M’s Q2FY25 results get a boost from automotive segment
Consolidated revenue for M&M’s automotive segment grew 15% to Rs 21,755 crore in Q2 FY25, compared to Rs 18,869 crore in the same quarter last year. The division’s consoliadted profit before interest and tax (PBIT) showed robust growth, rising to Rs 1,952 crore from Rs 1,431 crore, with PBIT margins expanding to 9.0% from 7.6%… Continue reading M&M’s Q2FY25 results get a boost from automotive segment