In a bid to scale up volumes and gain market share in the electric two-wheeler space, Hero MotoCorp is gearing up to launch two affordable electric two-wheelers in the first half of the current financial year 2026. “We are planning two new affordable products in the first half, most likely in July. That will help… Continue reading Hero MotoCorp to Launch 2 Affordable Electric Two-Wheelers in H1 FY26
Author: Autocar_Professional India Online News
Sterling Tools Reports Rs. 1,038 Crore Revenue for FY25, Up 10.6%
Sterling Tools Limited (STL), a leading Indian automotive fastener manufacturer, has reported a 10.6% year-over-year increase in consolidated total income for the fiscal year ending March 31, 2025. The company’s revenue reached Rs. 1,038 crore, compared to Rs. 938.5 crore in the previous year, according to their recently released financial results. The company’s adjusted EBITDA… Continue reading Sterling Tools Reports Rs. 1,038 Crore Revenue for FY25, Up 10.6%
Sterling Tools Reports Rs. 1,038 Crore Revenue for FY25, Up 10.6%
Sterling Tools Limited (STL), a leading Indian automotive fastener manufacturer, has reported a 10.6% year-over-year increase in consolidated total income for the fiscal year ending March 31, 2025. The company’s revenue reached Rs. 1,038 crore, compared to Rs. 938.5 crore in the previous year, according to their recently released financial results. The company’s adjusted EBITDA… Continue reading Sterling Tools Reports Rs. 1,038 Crore Revenue for FY25, Up 10.6%
New Nissan CEO Announces Major Restructuring: 20,000 Job Cuts and Plant Closures
Nissan Motor Co., Ltd., one of Japan’s leading automakers, has announced aggressive restructuring measures this week under a new CEO who took over last month. These include doubling previously planned job cuts to 20,000, suspending operations at select domestic factories in Japan, and closing seven production plants globally by fiscal year 2027. Escalation of Job… Continue reading New Nissan CEO Announces Major Restructuring: 20,000 Job Cuts and Plant Closures
Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years
India’s largest two-wheeler maker Hero MotoCorp is aiming breakeven for its electric vehicle business in a couple of years with an average monthly sale of 25-30,000-unit level, according to a senior company official. “This year (FY25) when we look at our EV performance, our volumes have grown 200%. Our EBITDA is at (-)95%. It is… Continue reading Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years
Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years
India’s largest two-wheeler maker Hero MotoCorp is aiming breakeven for its electric vehicle business in a couple of years with an average monthly sale of 25-30,000-unit level, according to a senior company official. “This year (FY25) when we look at our EV performance, our volumes have grown 200%. Our EBITDA is at (-)95%. It is… Continue reading Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years
Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years
India’s largest two-wheeler maker Hero MotoCorp is aiming breakeven for its electric vehicle business in a couple of years with an average monthly sale of 25-30,000-unit level, according to a senior company official. “This year (FY25) when we look at our EV performance, our volumes have grown 200%. Our EBITDA is at (-)95%. It is… Continue reading Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years
Zoomcar Partners with Wego to Offer Self-Drive Options for International Tourists in India
Zoomcar Holdings, Inc., the Nasdaq-listed marketplace for self-drive car sharing in India, announced a partnership with Wego, the leading travel app in the Middle East and North Africa, today. The agreement will integrate Zoomcar’s self-drive rental options directly into Wego’s platform, allowing international tourists to book vehicles throughout India. The partnership enables Wego users to… Continue reading Zoomcar Partners with Wego to Offer Self-Drive Options for International Tourists in India
Magma General Insurance Partners with Toyota Tsusho to Expand Car Insurance Reach
Magma General Insurance Limited has formed a strategic partnership with Toyota Tsusho Insurance Broker India Pvt. Ltd. (TTIBI) to expand its presence in the passenger vehicle insurance market, the companies announced today in Mumbai. Under the agreement, TTIBI will distribute Magma’s motor insurance products covering accidents, theft, natural disasters, and third-party liabilities through its network… Continue reading Magma General Insurance Partners with Toyota Tsusho to Expand Car Insurance Reach
GreenCell Mobility Secures 1,200 Electric Bus Order Under PM E-Bus Sewa Scheme
GreenCell Mobility has secured an order for over 1,200 electric buses from Convergence Energy Services Limited (CESL) under the PM E-Bus Sewa Scheme, according to an announcement made on May 14, 2025. The company received a Letter of Award for 472 Eicher electric buses in Madhya Pradesh and 750 buses from Pinnacle Mobility Solutions in… Continue reading GreenCell Mobility Secures 1,200 Electric Bus Order Under PM E-Bus Sewa Scheme