In a bid to widen its global footprint, Indian two- and three-wheeler major TVS Motor Company is setting up a hub in Dubai to streamline its international business, according to a senior company official. “We are investing in setting up a new hub in Dubai for international business because we see a huge opportunity in the… Continue reading TVS Motor to set up hub in Dubai for international business
Author: Autocar_Professional India Online News
TVS Motor to account for PLI scheme incentives from Q4FY25
TVS Motor Company is likely to start accounting for the incentives under the government’s production-linked incentive (PLI) scheme for automobile and auto components from the fourth quarter of the current financial year, according to a senior company official. Incentives for sales of iQube during FY2025 are likely to be to be accounted for in the… Continue reading TVS Motor to account for PLI scheme incentives from Q4FY25
Export recovery, Chetak sales boost Bajaj Auto Q3 results
Bajaj Auto reported a 6% year-over-year increase in revenue from operations to ₹12,807 crores in Q3 FY25, driven by strong exports recovery and expansion in their electric vehicle segment. This growth was underpinned by their highest-ever festive retail volumes in the domestic market, though the company recalibrated billed volumes to normalize channel inventory that had… Continue reading Export recovery, Chetak sales boost Bajaj Auto Q3 results
Export recovery, Chetak sales boat Bajaj Auto Q3 results
Bajaj Auto reported a 6% year-over-year increase in revenue from operations to ₹12,807 crores in Q3 FY25, driven by strong exports recovery and expansion in their electric vehicle segment. This growth was underpinned by their highest-ever festive retail volumes in the domestic market, though the company recalibrated billed volumes to normalize channel inventory that had… Continue reading Export recovery, Chetak sales boat Bajaj Auto Q3 results
Bosch reorganises building and security operations in India
As part of a global effort to restructure Bosch group’s building and security services, the Indian unit of the German engineering group will transfer the building technologies business to the Indian unit of another Bosch company. Bosch Limited has announced the sale of its Building Technologies business division to Keenfinity India Private Limited for a… Continue reading Bosch reorganises building and security operations in India
Future of small cars lies in the CNG market and for CAFE compliance: Hyundai’s Tarun Garg
As Hyundai Motor India’s small car penetration dropped to 20% between April and December 2024, the company views the segment as key to attracting first-time buyers, expanding its CNG footprint, and ensuring compliance with India’s stringent CAFE norms in the future. “Every year, we feel it is bottoming but it gets a new bottom. We… Continue reading Future of small cars lies in the CNG market and for CAFE compliance: Hyundai’s Tarun Garg
Bosch Q3: Revenue climbs 6.2% to Rs 44.66 Billion, net profit dips 25.7%
Bosch Limited, a leading automotive technology and services provider, announced its unaudited consolidated financial results for the third quarter ended December 31, 2024, showing revenue growth but a decline in profitability. The company reported revenue from operations of Rs. 44.66 billion in Q3 FY2024-25, marking a 6.2% increase from Rs. 42.05 billion in the corresponding… Continue reading Bosch Q3: Revenue climbs 6.2% to Rs 44.66 Billion, net profit dips 25.7%
Hyundai targets 20% share in India’s EV market
Hyundai Motor India Ltd (HMIL) is targeting a market share of 20% in the EV space, the company said, adding that it has a positive outlook on growing EV penetration in India and is headed towards electrification with a “holistic approach”. “In the mid-to-long term, we believe that we can target 20% market share and… Continue reading Hyundai targets 20% share in India’s EV market
Hyundai India’s Q3 profit drops 16% as operating costs surge
Hyundai Motor India Limited (HMIL) reported a decline in its consolidated third-quarter profit for FY2024-25, as higher operational costs and lower revenues impacted performance. The automobile manufacturer’s consolidated profit after tax fell to ₹11,607.34 million in the December quarter, down 15.6% from ₹13,754.69 million in the September quarter and 18.6% lower than ₹14,252.21 million in… Continue reading Hyundai India’s Q3 profit drops 16% as operating costs surge
TVS Motor expands portfolio with new launches in Q3
TVS Motor Company has strengthened its product lineup with multiple strategic launches during the third quarter of FY25, including a new engine platform and enhanced variants of its popular models. The company unveiled the new TVS RTXD4 engine at the 2024 Motosoul bike festival in Goa, marking a significant addition to its powertrain portfolio. The… Continue reading TVS Motor expands portfolio with new launches in Q3