Ola Electric Mobility Limited has addressed recent media reports that alleged the company might be under regulatory scrutiny by SEBI for insider trading. In a letter dated May 2, 2025, submitted to both the National Stock Exchange (NSE) and BSE Limited, Ola Electric clarified that the media story titled “Ola Electric Likely in SEBI Crosshairs… Continue reading Ola Electric Refutes Insider Trading Allegations in Clarification to Exchanges
Author: Autocar_Professional India Online News
Honda Leads Hero MotoCorp by 1.75 lakh Shipments in April 2025
Honda Motorcycle & Scooter India (HMSI) has significantly outpaced Hero MotoCorp in April 2025, with a difference of 175,490 units in wholesale shipments. Honda dispatched 480,896 units in April 2025, including 422,931 domestic sales and 57,965 exports. In comparison, Hero MotoCorp shipped 305,406 motorcycles and scooters, including 288,524 in India and 16,882 exports. The gap between… Continue reading Honda Leads Hero MotoCorp by 1.75 lakh Shipments in April 2025
Petronas TVS Racing Announces INRC 2025 Participation with Updated Motorcycles and Rider Line-Up
PETRONAS TVS Racing, the factory racing team of TVS Motor Company, is gearing up for the 2025 season of the Indian National Rally Championship (INRC) with a revamped line-up of riders and upgraded racing machines. The new season begins on May 4 in Nashik. Having built a legacy of over 40 years in Indian motorsports,… Continue reading Petronas TVS Racing Announces INRC 2025 Participation with Updated Motorcycles and Rider Line-Up
CEAT Expands Global Footprint with New Step-Down Subsidiary in Sri Lanka
CEAT Limited has announced the incorporation of a new step-down subsidiary in Sri Lanka, named CEAT OHT Ventures (Private) Limited. The entity was officially registered on May 2, 2025, with an initial capital of LKR 3,00,000, to be infused in multiple tranches. According to regulatory filings with BSE and NSE, the subsidiary is a related… Continue reading CEAT Expands Global Footprint with New Step-Down Subsidiary in Sri Lanka
Hyundai Creta Tops India’s Car Sales in April 2025 for Second Straight Month
Hyundai Motor India Limited (HMIL) announced that the Hyundai Creta remained the highest-selling car in the Indian automotive market for the second consecutive month. The company reported that 17,016 units of the SUV were sold in April 2025, reflecting a 10.2% increase over the same month in 2024. From January to April 2025, the Creta… Continue reading Hyundai Creta Tops India’s Car Sales in April 2025 for Second Straight Month
Mahindra Finance Approves Rs 3,000 Crore Rights Issue under Simplified Regulations
Mahindra & Mahindra Financial Services Limited (MMFSL) has approved a fresh resolution for a rights issue of up to Rs 3,000 crore, superseding its earlier February approval to take advantage of SEBI’s recently simplified regulations for rights issues. The Board of Directors of MMFSL met on May 2, 2025, and approved the fund raise through… Continue reading Mahindra Finance Approves Rs 3,000 Crore Rights Issue under Simplified Regulations
Volkswagen to Launch Iconic Golf GTI in India for First Time
Volkswagen India has announced the introduction of its legendary Golf GTI to the Indian market for the first time, with pre-bookings opening on May 5, 2025. The latest generation Golf GTI Mk 8.5 will be available as a fully built unit (FBU) through a limited allocation. The Golf GTI features 265 PS of power and… Continue reading Volkswagen to Launch Iconic Golf GTI in India for First Time
JK Tyre Expands Rural Presence with ‘Steel Wheels’ Initiative
JK Tyre & Industries Ltd. has launched its ‘JK Tyre Steel Wheels’ initiative in Farrukhnagar, Haryana, as part of its strategy to expand into rural towns with populations of one lakh or less. The company will extend the programme over the next three months across Haryana, Bihar, Uttar Pradesh, Maharashtra, Tamil Nadu, and Telangana, with… Continue reading JK Tyre Expands Rural Presence with ‘Steel Wheels’ Initiative
JK Tyre Expands Rural Presence with ‘Steel Wheels’ Initiative
JK Tyre & Industries Ltd. has launched its ‘JK Tyre Steel Wheels’ initiative in Farrukhnagar, Haryana, as part of its strategy to expand into rural towns with populations of one lakh or less. The company will extend the programme over the next three months across Haryana, Bihar, Uttar Pradesh, Maharashtra, Tamil Nadu, and Telangana, with… Continue reading JK Tyre Expands Rural Presence with ‘Steel Wheels’ Initiative
‘More OEMs entering the EV space will spur demand’: CS Vigneshwar
With EV penetration in India’s passenger vehicle segment only being pegged at in low single digits, a growing participation of OEMs with new EV offerings is set to drive demand. According to CS Vigneshwar, President, FADA, “While the EV penetration has been about 3% in the last couple of years, we must remember that electrification… Continue reading ‘More OEMs entering the EV space will spur demand’: CS Vigneshwar