IPO subscribed 1.5x, led by strong retail and employee demand. Valued at Rs. 11,956 crore, at a premium to its larger rival Ola Electric. 19% gross margin, no PLI, strong R&D focus with 300 patents. Market share at 14.5%, boosted by Rizta and network expansion. New-age electric two-wheeler manufacturer Ather Energy has kickstarted India’s FY26… Continue reading Ather Energy IPO Subscribed 1.5x, Signals Revival of Mainboard Market
Author: Autocar_Professional India Online News
April 2025 PV Sales Preview: Momentum Sustains, But Inventory and Retail Weakness Raise Red Flags
India’s passenger vehicle (PV) market appears to be holding steady on its upward trajectory in April 2025, supported by sustained wholesale dispatches and aggressive seasonal discounting. According to preliminary industry estimates, vehicle manufacturers are expected to ship between 350,000 and 355,000 units, translating to 4–5% year-on-year growth over April 2024. This marks the seventh consecutive… Continue reading April 2025 PV Sales Preview: Momentum Sustains, But Inventory and Retail Weakness Raise Red Flags
AKWEL Reports €255.6M in Q1 2025 Turnover Amid Global Automotive Market Slowdown
AKWEL, a global automotive and heavy-vehicle parts and systems manufacturer, announced a consolidated turnover of €255.6 million for the first quarter of 2025, reflecting a 4.0% decline at constant scope and exchange rates compared to the same period in 2024. This performance comes against a backdrop of weakened global automotive production, with most major manufacturing… Continue reading AKWEL Reports €255.6M in Q1 2025 Turnover Amid Global Automotive Market Slowdown
Lamborghini Temerario Launched in India with 907 Horsepower Hybrid Powertrain; Starts From Rs 6 Crores
Automobili Lamborghini introduced the Temerario, a twin-turbo V8 hybrid super sports car, to the Indian market. The vehicle, part of Lamborghini’s High-Performance Electrified Vehicle (CVEV) range, delivers 907 Hp and reaches 10,000 rpm, marking it as the first production super sports car to achieve this engine speed. It accelerates from 0-100 km/h in 2.7 seconds… Continue reading Lamborghini Temerario Launched in India with 907 Horsepower Hybrid Powertrain; Starts From Rs 6 Crores
Sundram Fasteners Reports Highest-Ever Revenue and Profit
Sundram Fasteners Limited (SFL) has posted its highest-ever revenue at ₹1,353.99 crore for the quarter ended March 31, 2025, compared to ₹1,278.13 crore during the same period in the previous year. The company also registered its highest-ever net profit for a quarter at ₹134.37 crore for the quarter ended March 31, 2025, compared to ₹132.54… Continue reading Sundram Fasteners Reports Highest-Ever Revenue and Profit
Sona BLW Reports 10% Rise in Q4 FY25 Profit, EV Order Book at All-Time High
Sona BLW Precision Forgings Ltd. (Sona Comstar), a manufacturer of automotive systems and components, announced its financial results for the fourth quarter and full fiscal year ended March 31, 2025. The company reported a 10% year-on-year increase in net profit for Q4 FY25, reaching ₹164 crore, its highest quarterly profit to date. However, revenue for… Continue reading Sona BLW Reports 10% Rise in Q4 FY25 Profit, EV Order Book at All-Time High
Waaree Energies Launches ‘Waaree Radiance’ Solar Kit to Simplify Rooftop Solar Adoption in India
Waaree Energies Limited, a renewable energy company based in Mumbai, has announced the launch of its new ‘Waaree Radiance’ All-in-One Solar Kit. Designed to simplify residential rooftop solar adoption, the product offers a single-package solution that includes all essential components for installation. This launch supports the government’s Surya Ghar Muft Bijli Yojana, which promotes solar… Continue reading Waaree Energies Launches ‘Waaree Radiance’ Solar Kit to Simplify Rooftop Solar Adoption in India
‘Our R&D is focused on developing fuel-agnostic vehicles’: Ganesh Mani
As the transition towards sustainable transportation picks pace, CV major Ashok Leyland is ready with a range of fuel-agnostic solutions, including trucks that run on hydrogen, electric buses and LCVs, as well as LNG-powered vehicles that are already deployed on Indian roads. The commercial vehicle (CV) segment in India is one that sees diesel playing… Continue reading ‘Our R&D is focused on developing fuel-agnostic vehicles’: Ganesh Mani
Over 1,261 Units of Mahindra Zor Grand DV Deployed Under NAMO Drone Didi Project
As many as 1,261 units of the Mahindra Zor Grand DV have been deployed across the country as drone carriers for precision fertiliser/urea spraying on farmland. The solution has helped transform the way farmers manage crop health (analytics can indicate how much area the drone can cover), increasing efficiency (wastage of pesticides is reduced), reducing… Continue reading Over 1,261 Units of Mahindra Zor Grand DV Deployed Under NAMO Drone Didi Project
Cygni Energy Inaugurates Phase 1 of BESS Gigafactory in Telangana
Cygni Energy, a Hyderabad-based energy storage solutions provider, has inaugurated the first phase of its Battery Energy Storage System (BESS) Gigafactory in Maheshwaram, Telangana. The facility is located within the Electronics Manufacturing Cluster (EMC) and spans 160,000 square feet on a 5-acre campus. The initial production capacity of the plant stands at 4.8 GWh, aimed… Continue reading Cygni Energy Inaugurates Phase 1 of BESS Gigafactory in Telangana