Motherson Group has set a new five-year revenue target in line with its practice of coming out with five-year plans twice every decade—consolidated gross revenue of $108 billion by FY30. Its last five-year plan was announced in 2020, with a targeted net sales of $36 billion by FY25 at a constant dollar exchange rate of… Continue reading Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Author: Autocar_Professional India Online News
Bajaj Auto Posts Record Rs. 50,000 Cr Revenue in FY25; Chetak Tops E-Scooter Sales in Q4
Bajaj Auto reported its highest-ever revenue of over Rs 50,000 crore in the financial year ended March 2025–marking an increase of 12% on year–alongside record profit and cash reserves, fueled by robust electric vehicle sales, strong export momentum, and a sharp rise in premium motorcycle volumes from Triumph and KTM, Executive Director Rakesh Sharma said… Continue reading Bajaj Auto Posts Record Rs. 50,000 Cr Revenue in FY25; Chetak Tops E-Scooter Sales in Q4
Ola Electric sees auto profitability at monthly sales of 25,000 units, likely in Q2FY26
Electric two-wheeler major Ola Electric Ltd, which was earlier expecting its automotive segment to break even at average monthly sales of 50,000 units, is now projecting EBITDA breakeven for the business at the monthly sales of approximately 25,000 units. “And as a result of cost savings, as well as our network project Vistaar, the break-even… Continue reading Ola Electric sees auto profitability at monthly sales of 25,000 units, likely in Q2FY26
Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
After ending FY25 with a 6% growth in motorcycle registrations despite quarterly volatility, India’s two-wheeler market is expected to maintain a steady 5–7% growth range in FY26, according to Rakesh Sharma, Executive Director, Bajaj Auto. The electric scooter segment, however, is set to outpace the overall industry with projected growth of 20–25%, he added. “In… Continue reading Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
After ending FY25 with a 6% growth in motorcycle registrations despite quarterly volatility, India’s two-wheeler market is expected to maintain a steady 5–7% growth range in FY26, according to Rakesh Sharma, Executive Director, Bajaj Auto. The electric scooter segment, however, is set to outpace the overall industry with projected growth of 20–25%, he added. “In… Continue reading Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
After ending FY25 with a 6% growth in motorcycle registrations despite quarterly volatility, India’s two-wheeler market is expected to maintain a steady 5–7% growth range in FY26, according to Rakesh Sharma, Executive Director, Bajaj Auto. The electric scooter segment, however, is set to outpace the overall industry with projected growth of 20–25%, he added. “In… Continue reading Bajaj Auto Sees India Motorcycle Sales Up 5-7% in FY26; E-Scooters to Grow 20–25%
Ola Electric Targets Q1 Rebound After ‘Complex’ Q4
Ola Electric expects a sharp recovery in its Q1 performance with revenues forecast to rise to Rs 850 crore and gross margins to improve to as much as 30%, after what Chairman and Managing Director Bhavish Aggarwal described as a “complex” and “nuanced” Q4 weighed down by one-time warranty provisions and registration issues. “This quarter… Continue reading Ola Electric Targets Q1 Rebound After ‘Complex’ Q4
Ola Electric Targets Q1 Rebound After ‘Complex’ Q4
Ola Electric expects a sharp recovery in its Q1 performance with revenues forecast to rise to Rs 850 crore and gross margins to improve to as much as 30%, after what Chairman and Managing Director Bhavish Aggarwal described as a “complex” and “nuanced” Q4 weighed down by one-time warranty provisions and registration issues. “This quarter… Continue reading Ola Electric Targets Q1 Rebound After ‘Complex’ Q4
Varroc Appoints Akshaykumar Chudasama as Independent Director
Varroc, a global Tier-1 automotive supplier, has appointed Akshaykumar Chudasama as an Independent Director, effective May 29, 2025. The company aims to strengthen governance and enhance cross-border business expertise through this strategic move. Chudasama brings over three decades of legal expertise, holding degrees from St. Xavier’s College, University of Bombay, and the London School of… Continue reading Varroc Appoints Akshaykumar Chudasama as Independent Director
A Tale of 3 Markets – How China, Europe, and the US Are Approaching Electrification
The first quarter of 2025 has underlined the critical difference in the way the three major auto markets in the world approach electrification. According to Strategy& and PwC Autofacts’ latest Electric Vehicle Sales Review for Q1 2025, China, Europe, and the United States are pursuing dramatically different strategies in their transition to electric mobility—each reflecting… Continue reading A Tale of 3 Markets – How China, Europe, and the US Are Approaching Electrification