Switch Mobility, the electric vehicle (EV) subsidiary of Ashok Leyland, achieved a significant milestone by posting a double-digit EBITDA margin in Q4 FY25 and reaching EBITDA break-even for the full financial year, Executive Chairman Dheeraj Hinduja announced on Friday. “Switch India, the EV subsidiary of our company, ended FY25 on a strong note, delivering double-digit… Continue reading Switch Mobility Drives Ashok Leyland’s FY25 Success with EBITDA Break-Even
Author: Autocar_Professional India Online News
Ashok Leyland Reports Record Profits, Announces 1:1 Bonus Share Issue
Ashok Leyland Limited, the Indian flagship of the Hinduja Group, announced record financial performance for the fourth quarter and full year ending March 31, 2025. The Chennai-based commercial vehicle manufacturer reported its highest-ever quarterly and annual revenues, EBITDA, and profit after tax. The company’s profit after tax jumped 26 percent to Rs 3,303 crore for… Continue reading Ashok Leyland Reports Record Profits, Announces 1:1 Bonus Share Issue
‘EVs should be looked as an upgrade to ICE vehicles’: Raptee’s Dinesh Arjun
With its electric motorcycles powered by high-voltage powertrains, Chennai-based Raptee is revolutionising the electric two-wheeler segment India. In this interview, Dinesh Arjun states his recommendations for accelerating EV adoption in the two-wheeler category. With a slow and customer-focused approach, Chennai-based electric mobility startup is revolutionising the e-two-wheeler segment with its electric motorcycles powered by high-voltage… Continue reading ‘EVs should be looked as an upgrade to ICE vehicles’: Raptee’s Dinesh Arjun
Major Cities To Receive 10,900 Electric Buses Under PM E-Drive Scheme
Union Minister for Heavy Industries and Steel H.D. Kumaraswamy chaired a meeting Thursday on the rollout of electric buses under the PM E-Drive scheme, with approximately 10,900 electric buses to be allocated to major cities across four states as part of Prime Minister Narendra Modi’s clean urban transport initiative, according to the Press Information Bureau.… Continue reading Major Cities To Receive 10,900 Electric Buses Under PM E-Drive Scheme
BHEL To Serve As Nodal Agency For EV Charging Infrastructure Under PM E-Drive Scheme
Union Minister for Heavy Industries H.D. Kumaraswamy chaired an inter-ministerial coordination meeting Tuesday to review and accelerate implementation of EV charging infrastructure under the PM E-Drive scheme, with Bharat Heavy Electricals Limited being considered as the nodal agency for demand aggregation and development of a unified EV super app, according to the Press Information Bureau.… Continue reading BHEL To Serve As Nodal Agency For EV Charging Infrastructure Under PM E-Drive Scheme
Force Motors Signs MoU with UAE’s W Motors to Co-Develop Vehicles
In a strategic move to expand its global footprint, India’s Force Motors has signed a non-binding Memorandum of Understanding (MoU) with W Motors, the UAE’s leading high-performance luxury sports car manufacturer, during the “Make it in the Emirates” event held in Abu Dhabi. The agreement paves the way for both companies to jointly explore the… Continue reading Force Motors Signs MoU with UAE’s W Motors to Co-Develop Vehicles
India’s Automotive Industry at the Crossroads of Nationalism and Globalization
As nations worldwide grapple with surging populism and protectionist policies, India stands at a unique crossroads. The country is striving to strike a delicate balance between its rich cultural heritage and the unstoppable march of global progress. This dichotomy is nowhere more evident than in the automotive sector, where India is simultaneously embracing its role… Continue reading India’s Automotive Industry at the Crossroads of Nationalism and Globalization
Beyond Commute: Empowering People via Last Mile Mobility
India’s urban mobility landscape is witnessing a rapid shift as electric vehicles redefine the last mile – not just as a commute, but as a gateway to opportunity. From students navigating narrow lanes to daily wage workers accessing previously unreachable jobs, and from e-commerce deliveries to vegetable vendors expanding their customer base, last-mile mobility is… Continue reading Beyond Commute: Empowering People via Last Mile Mobility
India’s Coal Pipeline Signals Potential Overcapacity Amid Record Renewables Installation
India’s power sector faces potential coal overcapacity as the country met its record electricity demand of 250 GW on May 30, 2024, without utilizing full thermal capacity, according to a study release by the Centre for Research on Energy and Clean Air (CREA). The analysis indicates that existing and under-construction coal capacity exceeds projected requirements… Continue reading India’s Coal Pipeline Signals Potential Overcapacity Amid Record Renewables Installation
We Aim To Regain 50% Market Share In EVs In The Long-Term Focus: Tata Motors’ Shailesh Chandra
Tata Motors has come up with a robust strategy to bounce back to a 50% market share in the EV segment in the longer term, Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd, told Autocar Professional. The company reported a 13% year-on-year decline in EV sales in FY25, with volumes falling from 73,833… Continue reading We Aim To Regain 50% Market Share In EVs In The Long-Term Focus: Tata Motors’ Shailesh Chandra