Two- and three-wheeler manufacturer TVS Motor Co Ltd expects positive sales momentum to continue in both domestic and international markets in the financial year 2025-26, and aims to outperform industry growth. Factors such as a repo rate reduction, income tax relief in Budget 2025, expectations of a normal monsoon, and ongoing infrastructure development are expected… Continue reading TVS Motor Expects FY26 Sales Growth in Line with Last Year, Says CEO Radhakrishnan
Author: Autocar_Professional India Online News
Enforcement Directorate Conducts Raids at Gensol Engineering Premises
Gensol Engineering Limited, a listed company on both the BSE and NSE, disclosed today that the Directorate of Enforcement (ED) conducted search and seizure operations at the company’s premises in Ahmedabad and Gurgaon. According to the regulatory filing submitted to stock exchanges, the raids were carried out under provisions of the Foreign Exchange Management Act… Continue reading Enforcement Directorate Conducts Raids at Gensol Engineering Premises
Mahindra Eyes Steep Market Share Climb with SML Isuzu Acquisition
Mahindra & Mahindra Ltd. is making a significant bet on accelerating its presence in India’s competitive commercial vehicle market. The Mumbai-based auto giant, through its Mahindra Trucks & Bus (MT&B) division, announced aggressive market share targets on Monday following its planned acquisition of SML Isuzu Ltd., a manufacturer known for its light commercial vehicles (LCVs)… Continue reading Mahindra Eyes Steep Market Share Climb with SML Isuzu Acquisition
Ola Electric Launches 72-Hour Electric Rush with Festive Offers for Akshaya Tritiya
Ola Electric, India’s largest pure-play electric vehicle (EV) manufacturer, has announced a 72-Hour Electric Rush event with special festive offers to celebrate Akshaya Tritiya. The limited-time sale, running from April 28 to April 30, 2025, features discounts of up to ₹40,000 on the company’s S1 scooter portfolio and includes a free extended warranty on all… Continue reading Ola Electric Launches 72-Hour Electric Rush with Festive Offers for Akshaya Tritiya
Castrol India Reports 7% Revenue Growth in Q1 2025 Amid Market Challenges
Castrol India Limited announced a 7% year-on-year increase in revenue for the first quarter of 2025, reaching ₹1,422 crore compared to ₹1,325 crore in the same period last year. The company’s profit after tax grew by 8% to ₹233 crore, according to results released on Monday. The lubricant manufacturer, which follows a January-December financial year,… Continue reading Castrol India Reports 7% Revenue Growth in Q1 2025 Amid Market Challenges
‘India to get more brands from Stellantis’: Shailesh Hazela
With Leapmotor on the anvil, India will continue to play a key role in the global roadmap of Stellantis, which aims to leverage the domestic market, and tap into exports of components and software from the country. Global automotive conglomerate Stellantis has recently announced to introduce its EV-focusing Leapmotor brand into the Indian market and… Continue reading ‘India to get more brands from Stellantis’: Shailesh Hazela
Bosch Launches Digital Supply Chain Management Platform in India
Bosch has launched its Supply Chain Studio, a cloud-based platform designed to streamline India’s fragmented logistics operations. The announcement came during the company’s first Mobility Platform and Solutions (MPS) Summit 2025 in Bengaluru on Monday. The new platform offers digital solutions for transport booking, warehouse management, and B2B distribution, addressing inefficiencies in India’s supply chain… Continue reading Bosch Launches Digital Supply Chain Management Platform in India
Zypp Electric Reports 50% Revenue Growth, Reaches ₹455 Crore in FY’25
Zypp Electric, India’s EV-as-a-service platform, has reported a revenue increase from ₹302 crore in FY’24 to approximately ₹455 crore in FY’25, representing a 50% growth. The company also announced significant improvements in its March exit EBITDA, setting the stage for profitability within the next one to two quarters. During the fiscal year, Zypp Electric reached… Continue reading Zypp Electric Reports 50% Revenue Growth, Reaches ₹455 Crore in FY’25
TVS Motor Company Reports Record Financial Performance for FY 2024-25
TVS Motor Company has reported its highest-ever revenue and profit for the financial year 2024-25, with revenue growing 14% to Rs. 36,251 crores compared to Rs. 31,776 crores in the previous year. The company’s profit before tax (PBT) increased by 31% to Rs. 3,629 crores. The operating EBITDA for the year improved by 120 basis… Continue reading TVS Motor Company Reports Record Financial Performance for FY 2024-25
KPIT Teams Up with Mercedes-Benz India Research Unit for Software-Defined Vehicle Development
KPIT Technologies has entered into a strategic collaboration with Mercedes-Benz Research and Development India (MBRDI) to advance the development of software-defined vehicles, the companies announced Monday. The partnership will focus on accelerating innovation cycles, reducing time-to-market for new features, and creating cost efficiencies by leveraging KPIT’s expertise in mobility technologies across multiple domains. KPIT will… Continue reading KPIT Teams Up with Mercedes-Benz India Research Unit for Software-Defined Vehicle Development