Autocar_Professional India Online News – Page 272

Bajaj Chetak production plunges by 47% in July due to shortage of rare earth magnets

Bajaj Auto, which was amongst the first Indian automakers to raise a red flag about the impending adverse impact of the shortage of supplies of rare earth magnets from China, has seen production of its Chetak electric scooter fall sharply by 47% year-on-year in July 2025. As per the latest production data released by apex… Continue reading Bajaj Chetak production plunges by 47% in July due to shortage of rare earth magnets

Genesys International Q1 Profit Rises 32%, Revenue Up 26%

Genesys International Corporation Ltd reported a 32.29% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹7.12 crore for the quarter ended June 30, 2025, driven by higher revenue and improved operating performance. Revenue rose 26.20% to ₹72.14 crore from ₹57.17 crore in the same quarter last year. Earnings before interest, tax, depreciation, and… Continue reading Genesys International Q1 Profit Rises 32%, Revenue Up 26%

Ather announces BaaS model; Rizta price starts at ₹75,999, 450 Series at ₹84,341

Electric two-wheeler major Ather Energy on Thrusday announced Battery-as-a-Service (BaaS) model for its two-wheelers while the automaker expanded its Assured Buyback programme to a larger customer base. Recently, Autocar Professional had earlier reported that the company is planning to launch the BaaS model. Ather Energy is the second major electric two-wheeler after Hero MotoCorp to announce this… Continue reading Ather announces BaaS model; Rizta price starts at ₹75,999, 450 Series at ₹84,341

Exclusive: Mahindra XUV700 sells over 300,000 units four years after launch

The XUV700, Mahindra & Mahindra’s flagship model, has turned four years old today. Launched on August 14, 2021, the feature-laden, big-on-safety executive midsize SUV has registered total sales of 304,725 units, comprising 291,712 units in the domestic market and 13,013 units shipped to overseas markets till end-July 2025. As it did in FY2025, the XUV700… Continue reading Exclusive: Mahindra XUV700 sells over 300,000 units four years after launch

Exclusive: Mahindra XUV700 sells over 300,000 units four years after launch

Anuj Dua Returns to Hero MotoCorp as Head of Global Product Planning

Anuj Dua has rejoined Hero MotoCorp as Head of Global Product Planning after a nine-year tenure at Royal Enfield. He will shape the company’s global product strategy in his new role, working with cross-functional teams to align future products with customer requirements, technology developments, and market priorities. Dua confirmed his appointment in a LinkedIn post,… Continue reading Anuj Dua Returns to Hero MotoCorp as Head of Global Product Planning

Samvardhana Motherson Sees no Material Impact From US Tariffs

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

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