On the back of a localised and decentralised strategy for global markets as well as a significant presence across geographies, auto component major Samvardhana Motherson International Ltd (SMAIL) sees no major impact from the US President Donald Trump’s decision to raise the tariff on imports from India to 50%. “In light of the recent shift… Continue reading Samvardhana Motherson Sees no Material Impact From US Tariffs
Author: Autocar_Professional India Online News
Samvardhana Motherson Q1 Net Profit Slumps 48.5%; Revenue Up 4.7%
Samvardhana Motherson released its financial results for the quarter ended June 2025 (Q1 FY26), posting a 48.5% year-on-year drop in net profit to ₹511.84 crore from ₹994.17 crore in the same quarter last year. Revenue, however, rose 4.7% to ₹30,212 crore from ₹28,867.96 crore a year earlier, indicating modest growth in overall sales. Total income… Continue reading Samvardhana Motherson Q1 Net Profit Slumps 48.5%; Revenue Up 4.7%
SUVs and Gen Z Boost Self-Drive Travel in India’s Tier 2 and 3 Cities
Zoomcar Holdings, a prominent player in India’s self-drive car rental market, has released its Travel Trends 2025 report, highlighting evolving consumer behavior in road travel across the country. The findings are based on internal booking and usage data comparing financial year 2024 (FY2024) with financial year 2025 (FY2025). The report indicates a growing preference for… Continue reading SUVs and Gen Z Boost Self-Drive Travel in India’s Tier 2 and 3 Cities
MIC Electronics Secures BIS Certification for LED and Display Products
MIC Electronics Limited, a manufacturer of LED lighting and digital display solutions, has obtained Bureau of Indian Standards (BIS) certification for its range of LED street lights, interactive flat panels, and visual display units. The certification applies to products manufactured at its Hyderabad facility and is expected to enhance the company’s participation in public infrastructure… Continue reading MIC Electronics Secures BIS Certification for LED and Display Products
PNB and Maruti Suzuki Sign MoU for Dealer Financing and Cash Management Services
Punjab National Bank (PNB) and Maruti Suzuki India Limited (MSIL) have entered into a strategic partnership through the signing of a Memorandum of Understanding (MoU) aimed at strengthening financial support for Maruti Suzuki’s dealer network across India. The collaboration focuses on providing inventory financing solutions and cash management services to enhance operational efficiency within the… Continue reading PNB and Maruti Suzuki Sign MoU for Dealer Financing and Cash Management Services
Exicom Reports ₹205.3 Crore Revenue, ₹71.1 Crore Loss in Q1 FY26
Gurugram-based Exicom Tele-Systems Limited reported consolidated revenue of ₹205.3 crore for the first quarter of FY26, with an EBITDA margin of –18.8% and an adjusted net loss of ₹71.1 crore. On a standalone basis, the company posted an adjusted net profit of ₹1.1 crore. The company entered Q2 FY26 with an order book exceeding ₹1,500… Continue reading Exicom Reports ₹205.3 Crore Revenue, ₹71.1 Crore Loss in Q1 FY26
TAFE Concludes Massey DYNASTAR Contest 2025, Recognises Grassroots Agricultural Innovations
Tractors and Farm Equipment Limited (TAFE), one of the world’s leading tractor manufacturers and the producer of Massey Ferguson tractors in India, has concluded the second edition of the Massey DYNASTAR Contest – Season 2, 2025, themed #SabseBadeAllrounder Ki Talaash. The initiative aims to identify and recognize innovative, scalable, and socially relevant agricultural solutions developed… Continue reading TAFE Concludes Massey DYNASTAR Contest 2025, Recognises Grassroots Agricultural Innovations
Mercedes-Benz India Fully E20-Ready Since BS6 Shift in 2018, Sees no Impact on Its Cars
Mercedes-Benz India says it is fully prepared for India’s E20 fuel rollout, with all BS6-compliant vehicles sold since 2018 certified for E20 compatibility. Over 1 lakh vehicles sold since 2018 are plying on Indian roads, and the company noted that they will not face any issues with E20 fuel. According to Santosh Iyer, MD &… Continue reading Mercedes-Benz India Fully E20-Ready Since BS6 Shift in 2018, Sees no Impact on Its Cars
Mercedes-Benz India Fully E20-Ready Since BS6 Shift in 2018, Sees no Impact on Its Cars
Mercedes-Benz India says it is fully prepared for India’s E20 fuel rollout, with all BS6-compliant vehicles sold since 2018 certified for E20 compatibility. Over 1 lakh vehicles sold since 2018 are plying on Indian roads, and the company noted that they will not face any issues with E20 fuel. According to Santosh Iyer, MD &… Continue reading Mercedes-Benz India Fully E20-Ready Since BS6 Shift in 2018, Sees no Impact on Its Cars
Landmark Cars Reports Surge in Operating Cash Flow in FY25, Amid Rapid Network Expansion
Landmark Cars Limited, a BSE-listed vehicle dealership chain reported a healthy net cash flow from operating activities at Rs.152 crore amidst rapid expansion and substantial investment with addition to 23 new outlets in the fiscal year 2025, the company informed in an investor presentation. The net cash flow in FY24 stood at Rs 40.8 crore. The company’s strategic decision… Continue reading Landmark Cars Reports Surge in Operating Cash Flow in FY25, Amid Rapid Network Expansion