That the utility vehicle (UV) segment in India continues to register its best-ever numbers fiscal after fiscal and increased its share of the overall passenger vehicle sales of 4.30 million units to a new high of 65% in FY2025 is thanks to each of the three sub-segments – compact SUVs, midsize SUVs and MPVs –… Continue reading Maruti Ertiga to Toyota Vellfire: Top 10 MPVs in FY2025
Author: Autocar_Professional India Online News
Proposed Safeguard Duty on Steel Imports Raises Alarm Bells for Indian Construction Equipment Sector: ICEMA
The Indian construction equipment (CE) industry has expressed deep concern over the proposed imposition of a 12% safeguard duty on steel imports, cautioning that such a move could severely impact the sector’s operations and hamper infrastructure development across the country. The industry’s concerns were voiced the Indian Construction Equipment Manufacturers Association (ICEMA), in a detailed… Continue reading Proposed Safeguard Duty on Steel Imports Raises Alarm Bells for Indian Construction Equipment Sector: ICEMA
Tata Power Renewable Energy and Tata Motors Partner for 131 MW Wind-Solar Hybrid Project
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Power Purchase Agreement (PPA) with Tata Motors Limited to co-develop a 131 MW wind-solar hybrid renewable energy project. This initiative is set to provide clean electricity exclusively to six Tata Motors manufacturing facilities across Maharashtra and Gujarat. Expected to generate nearly… Continue reading Tata Power Renewable Energy and Tata Motors Partner for 131 MW Wind-Solar Hybrid Project
Mahindra Logistics Reports ₹30 Crore Net Loss for FY25 Amid Revenue Growth
Mahindra Logistics Limited announced its consolidated financial results for the year ended March 31, 2025, reporting a net loss of ₹30 crore, narrowing from a loss of ₹53.09 crore in the previous fiscal. The company saw an uptick in its operating revenues, which rose to ₹6,104.83 crore from ₹5,505.97 crore in FY24, marking a year-on-year… Continue reading Mahindra Logistics Reports ₹30 Crore Net Loss for FY25 Amid Revenue Growth
Himadri Speciality Chemical Reports FY25 Results, Announces Dividend and Key Strategic Moves
Himadri Speciality Chemical Ltd (HSCL) announced the audited financial results for the quarter and financial year ended March 31, 2025, following a board meeting held earlier today. Alongside robust financial disclosures, the company also shared updates on corporate actions, acquisitions, and appointments. For the quarter ending March 2025, the company reported a consolidated revenue from… Continue reading Himadri Speciality Chemical Reports FY25 Results, Announces Dividend and Key Strategic Moves
Panel Discussion | Future Tech and Innovations Driving EV Demand | Future Powertrain Conclave
In this session, EV startup CEOs and policymakers discuss the advancements in EV technology, and solutions to navigate challenges such as inadequate charging infrastructure, fast-charging capabilities, and range anxiety, to drive EV adoption. As the mobility industry transitions towards electrification, range anxiety, charging speeds, and infrastructure remain the key hurdles towards an accelerated adoption. In this… Continue reading Panel Discussion | Future Tech and Innovations Driving EV Demand | Future Powertrain Conclave
R Velusamy to Head M&M Auto, Nakra to Steer Farm Equipment, Hemant Sikka to Lead Mahindra Logistics
Mumbai-headquartered Mahindra & Mahindra, in a major reshuffling, has appointed R. Velusamy as the President of the Automotive Business (AB), while Veejay Nakra has moved to become President of the Farm Equipment Business (FEB). Furthermore, Hemant Sikka has been appointed Managing Director & CEO of Mahindra Logistics Ltd (MLL). In a statement released by the… Continue reading R Velusamy to Head M&M Auto, Nakra to Steer Farm Equipment, Hemant Sikka to Lead Mahindra Logistics
Mahindra Group Announces Senior Leadership Reshuffle; Hemant Sikka to Lead Logistics Division
Mahindra & Mahindra Limited has announced a significant leadership reorganization, with Hemant Sikka, currently President of the Farm Equipment Sector (FES), being appointed as the MD & CEO of Mahindra Logistics (MLL). The transition will take effect from May 4, 2025, according to a regulatory filing by the company today. Sikka’s move comes as part… Continue reading Mahindra Group Announces Senior Leadership Reshuffle; Hemant Sikka to Lead Logistics Division
Revfin Targets ₹5,000 Cr in EV Financing by 2027, Strengthens Leadership Team
Revfin, a digital lending platform focused on sustainable mobility, has outlined plans to scale its electric vehicle (EV) financing operations with a target of ₹5,000 crore in disbursements by 2027. As part of this strategy, the company has appointed three senior leaders to drive expansion, strengthen internal operations, and deepen its presence in the L5… Continue reading Revfin Targets ₹5,000 Cr in EV Financing by 2027, Strengthens Leadership Team
TIL Limited Rolls Out 400th Hyster-TIL ReachStacker from Kharagpur Facility
TIL Limited, a Kolkata-based manufacturer of material handling and infrastructure equipment, has rolled out its 400th Hyster-TIL ReachStacker from its Kharagpur manufacturing facility. This marks a milestone in the company’s 14-year journey of producing ReachStackers since it first introduced the product line in 2010. According to the company, production has steadily grown from just three… Continue reading TIL Limited Rolls Out 400th Hyster-TIL ReachStacker from Kharagpur Facility