Autocar_Professional India Online News – Page 353

Electric 2W Industry Poised to Grow Without Demand Subsidies: Ather’s Tarun Mehta

While the government’s demand subsidies through schemes such as FAME, EMPS, and PM E-Drive have boosted early-stage adoption of electric two-wheelers in the country and made the industry competitive, Ather Energy’s co-founder and CEO Tarun Mehta now believes the industry can continue its growth even in the absence of such incentives. “We have reduced our… Continue reading Electric 2W Industry Poised to Grow Without Demand Subsidies: Ather’s Tarun Mehta

Mahindra Trucks & Buses Steers Through Industry Headwinds, Achieves Key Financial Turnaround

Mahindra Trucks & Buses (MTB), a part of Mahindra & Mahindra, demonstrating remarkable resilience in a challenging commercial vehicle market, achieved cash break-even and posted EBITDA-positive results for FY2025. This financial milestone comes as the company recorded flat growth in volumes, reaching 13,032 units, successfully limiting its de-growth to just 1% in an overall industry… Continue reading Mahindra Trucks & Buses Steers Through Industry Headwinds, Achieves Key Financial Turnaround

India Stands to Gain From Global Flux; Mahindra Group Ready For The Moment: Anand Mahindra

As shifting geopolitical alliances, rising economic nationalism, and supply chain reconfiguration redefine the global economic landscape, “India is well positioned to emerge as the new centre of gravity”, according to Anand Mahindra, Chairman of Mahindra Group. India democratic stability, market scale, and improving manufacturing ecosystem position it as a compelling alternative to China and few… Continue reading India Stands to Gain From Global Flux; Mahindra Group Ready For The Moment: Anand Mahindra

Skoda begins sale of made-in-India CKD Kushaq in Vietnam

Skoda has begun sales of the locally produced Skoda Kushaq SUV in Vietnam. The Czech carmaker is leveraging synergies with India, from where it imports completely knocked-down (CKD) kits for assembly. Alongside the Kushaq, Skoda’s line-up in Vietnam also includes the Karoq and Kodiaq SUVs imported from Europe. In the coming months, local production and… Continue reading Skoda begins sale of made-in-India CKD Kushaq in Vietnam

Zoomcar Posts Record FY25 Profit Amid Rising Car-Sharing Demand

Peer-to-peer car-sharing platform Zoomcar Holdings posted a record contribution profit of $4.25 million for the fiscal year ending March 31, 2025, a dramatic turnaround from a contribution loss of nearly $1 million in the previous year. The Bangalore-based company saw its contribution margin swing from negative 10% to positive 47% year-over-year, driven by improved operational… Continue reading Zoomcar Posts Record FY25 Profit Amid Rising Car-Sharing Demand

“We’re Building a Platform, Not Just a Portfolio”: M&M MD and CEO Anish Shah

As the Mahindra Group completes 80 years, it is rethinking its business operations and growth. Under Managing Director and CEO Anish Shah, the Group is moving from a conventional holding structure to a “platform for possibilities” — a more connected model aimed at driving collaboration, improving execution, and creating sustained value across sectors. In the… Continue reading “We’re Building a Platform, Not Just a Portfolio”: M&M MD and CEO Anish Shah

“We’re Building a Platform, Not Just a Portfolio”: M&M MD and CEO Anish Shah

Tenneco Clean Air India Files DRHP with SEBI for ₹3,000 Crore IPO

Tenneco Clean Air India Limited, part of the global Tier I automotive component supplier Tenneco Group, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The issue comprises an Offer for Sale (OFS) worth up to ₹3,000 crore by Tenneco Mauritius… Continue reading Tenneco Clean Air India Files DRHP with SEBI for ₹3,000 Crore IPO