With prospects of the construction equipment sector’s growth revival in 2025, Schwing Stetter India is planning to increase its annual production by close to 36% this year, supported by the ongoing expansion in its Tamil Nadu plant, and also output from its new plant in Jamshedpur, the company’s Chairman and Managing Director, VG Sakthikumar told… Continue reading Schwing Stetter India to increase production by 36% in 2025
Author: Autocar_Professional India Online News
Greaves Cotton appoints Parag Satpute as MD and Group CEO
Greaves Cotton Ltd appointed Parag Satpute as the Managing Director, Group Chief Executive Officer, and Key Managerial Personnel effective from April 14, 2025, for a term of five years. Satpute will oversee the operations of Greaves Engineering, Greaves Retail, Greaves Finance, Greaves Technologies, and Excel Controlinkage. The appointment is subject to shareholder and regulatory approvals.… Continue reading Greaves Cotton appoints Parag Satpute as MD and Group CEO
TCI reports 27.3% jump in Q3 profit to ₹1,021 Million
Transport Corporation of India Ltd (TCI) posted a consolidated profit after tax of ₹1,021 million in Q3 FY2025, up 27.3% from ₹802 million in the same quarter last year. Revenue grew 14.1% to ₹11,539 million compared to ₹10,115 million. EBITDA increased 15.8% to ₹1,478 million from ₹1,276 million. For the nine months ended December 31,… Continue reading TCI reports 27.3% jump in Q3 profit to ₹1,021 Million
Tyre industry body seeks ban on scrap tyre imports amid sharp rise
The Automotive Tyre Manufacturers Association (ATMA) has called for an immediate ban on waste tyre imports, citing a more than fivefold increase in such imports since fiscal year 2020-21. According to Ministry of Commerce data, waste and scrap tyre imports have surged from 264,000 metric tonnes in FY21 to 1.398 million metric tonnes in FY24.… Continue reading Tyre industry body seeks ban on scrap tyre imports amid sharp rise
LeafyBus achieves 900 km daily operation with electric buses on Delhi-Dehradun route
LeafyBus, a New Delhi-based electric bus operator, has implemented India’s first 360 KW fast-charging infrastructure, enabling its electric buses to complete three daily round trips between Delhi and Dehradun, covering 900 kilometers within 24 hours. The charging system, developed in partnership with GLIDA India (formerly Fortum Charge & Drive India), reduces charging time to under… Continue reading LeafyBus achieves 900 km daily operation with electric buses on Delhi-Dehradun route
Royal Enfield Hunter 350 surpasses 500,000 sales globally
Royal Enfield’s Hunter 350 has crossed the 500,000-unit sales mark since its launch in August 2022. The compact roadster has gained popularity among urban riders in India and international markets alike. The Hunter 350, designed to offer a blend of practicality and performance, has become a favored choice for those seeking a nimble motorcycle… Continue reading Royal Enfield Hunter 350 surpasses 500,000 sales globally
Balkrishna Industries expects minor volume growth in FY25
Tempered by weak market conditions in Europe, India’s leading off-highway tyre maker Balkrishna Industries reaffirmed its minor growth forecast for its sales volume during the current financial year (FY2025). Europe is the largest market for the company, accounting for almost 43% of its total sales volume. “Market scenario continues to be challenging. However, our strong… Continue reading Balkrishna Industries expects minor volume growth in FY25
JSW Group ventures into copper mining with Rs 2,600 Crore investment
JSW Group has ventured into the non-ferrous metals mining sector by securing a Mine Operator & Developer (MDO) contract for two copper mines in Jharkhand. The contract was awarded by state-owned Hindustan Copper Limited (HCL) following a competitive bidding process. The project includes the development of the mines and the establishment of a copper… Continue reading JSW Group ventures into copper mining with Rs 2,600 Crore investment
Sundram Fasteners clocks Rs 1,256.58 crore standalone revenue in Q3
Sundram Fasteners Ltd (SFL) reported a standalone revenue from operations of Rs 1,256.58 crore for the quarter ended December 31, 2024, as against Rs 1,178.61 crore during the same period in the previous year. The company’s domestic sales for the quarter ended December 31, 2024, were at Rs 840.81 crore as against Rs 810.34 crore… Continue reading Sundram Fasteners clocks Rs 1,256.58 crore standalone revenue in Q3
Auto Expo 2025 – Dialogues | Rajesh Jejurikar, ED and CEO, Auto and Farm Sector, M&M
With the Mahindra XEV 9e and BE 6 grounds-up electric SUVs ready to go to consumers, the Executive Director and CEO of Mahindra & Mahindra’s auto and farm sectors is bullish about the demand for the two models, driven by a technology-first product approach. At the recently-concluded Auto Expo 2025, Autocar Professional spoke exclusively with top… Continue reading Auto Expo 2025 – Dialogues | Rajesh Jejurikar, ED and CEO, Auto and Farm Sector, M&M