Setco Automotive Limited, one of India’s largest manufacturers of MHCV clutches, reported a 7.4% year-on-year growth in revenue at Rs. 177.3 crore for the third quarter ended December 31, 2024, driven by strong demand for its high-quality products in the MHCV sector. The company’s EBITDA for Q3 FY25 increased by 19% to Rs. 29.4 crore,… Continue reading Setco Auto Reports Strong Q3 FY25 with 19% EBITDA Growth, Revenue Reaches Rs. 177.3 Crore
Author: Autocar_Professional India Online News
Escorts Kubota Limited Launches New FARMTRAC PROMAXX Tractor Series
Escorts Kubota Limited (EKL) has launched the new FARMTRAC PROMAXX tractor series, focusing on the mid horsepower range between 39-47 HP. The PROMAXX series aims to serve a wide range of agricultural and commercial needs, including haulage. The series features seven models, including 2WD and 4WD variants of PROMAXX 39, PROMAXX 42, PROMAXX 45, and… Continue reading Escorts Kubota Limited Launches New FARMTRAC PROMAXX Tractor Series
Galvanizing The Drive For Durability
India’s automobile market has grown significantly over the last decade, reflecting a transformation not just in scale but in consumer aspirations. With the country poised as the third-largest automobile market in the world, the industry is witnessing a significant shift in priorities from affordability to premiumisation. Amidst this evolution, the narrative around vehicle safety and… Continue reading Galvanizing The Drive For Durability
Ather Energy Partners with ChargeMOD to Expand EV Charging Network in Kerala
Ather Energy Limited has entered into a partnership with ChargeMOD to expand its electric vehicle (EV) charging network in Kerala. Through this collaboration, EV owners using the LECCS (Light Electric Combined Charging System) connector will gain access to 121 additional charging locations across the state. Ather Energy, which launched India’s first two-wheeler fast-charging network… Continue reading Ather Energy Partners with ChargeMOD to Expand EV Charging Network in Kerala
Tata.Ev Targets 4 Lakh Ev Charging Stations By 2027
In a bid to address the lack of adequate charging stations and drive electric vehicle (EV) penetration in the country, India’s largest electric car maker, Tata Motor announced a target to have 4 lakh electric vehicle charging stations across the country by 2027. Under the “Open Collaboration 2.0” initiative, Tata Motors’ plan includes installing 30,000… Continue reading Tata.Ev Targets 4 Lakh Ev Charging Stations By 2027
JSW MG Motor India Launches MG SELECT, Appoints 12 Dealer Partners
JSW MG Motor India has appointed 12 dealer partners to launch MG SELECT, its new luxury brand channel, with plans to establish 14 experience centers across 13 major Indian cities. The announcement aims to enhance the luxury car-buying experience through specialised touchpoints catering to new-age consumers seeking accessible luxury vehicles. The dealer network will facilitate… Continue reading JSW MG Motor India Launches MG SELECT, Appoints 12 Dealer Partners
CEAT Expands Retail Network with Its Largest CEAT Shoppe in Anand
CEAT has strengthened its retail footprint in Gujarat with the opening of its largest CEAT Shoppe in Anand. The 4,200 sq. ft outlet aims to provide tyre fitment services and an improved customer experience as part of the company’s ongoing retail expansion. Speaking on the launch, Lakshmi Narayanan B, Chief Marketing Officer of CEAT,… Continue reading CEAT Expands Retail Network with Its Largest CEAT Shoppe in Anand
Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives
Global investment firm Carlyle has completed the acquisition of a controlling stake in Highway Industries Limited and Roop Automotives Limited through a proprietary transaction, marking its expansion in India’s auto components manufacturing sector. The equity investment will come from funds affiliated with Carlyle Asia Partners. The transaction, announced in Mumbai and New Delhi on February… Continue reading Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives
Nissan and Honda formally end $60 billion merger talks: Report
Nissan and Honda noted on Thursday that their respective boards have voted to end talks to amalgamate, but would continue to collaborate in the EV space, Reuters reported. A merger was set to create roughly a $60 billion auto group and the world’s fourth largest by vehicle sales after Hyundai, Volkswagen and Toyota. Nissan back… Continue reading Nissan and Honda formally end $60 billion merger talks: Report
Karnataka Government Honors Late Industrialist Vikram S. Kirloskar with ‘Industrial Legacy’ Award
The Government of Karnataka has posthumously honored Vikram S. Kirloskar, former Vice Chairman of Toyota Kirloskar Motor (TKM), with the ‘Industrial Legacy’ Award at the Invest Karnataka 2025 Global Investors Meet. The company also received the ‘Sunrise Sector Pioneer Award’ in recognition of its contributions to automotive innovation and sustainability. The awards, presented in Bangalore… Continue reading Karnataka Government Honors Late Industrialist Vikram S. Kirloskar with ‘Industrial Legacy’ Award