Revealed: Top 10 cars in first 10 months of FY2025

Even as utility vehicles continue to command the majority share of the passenger vehicle market in India, the passenger car sub-segment has its own set of popular models which provide the bulk of sales. Of the estimated 1.11 million (11,12,868) passenger cars and sedans sold in India between April 2024 and January 2025, these Top… Continue reading Revealed: Top 10 cars in first 10 months of FY2025

Escorts Kubota Sees FY25 Tractor Industry Volumes up 6-7%

After a sluggish first half, the domestic tractor industry is experiencing a strong resurgence, fueled by positive rural sentiment. Three days after M&M guided for a 15% jump in industry sales for the final quarter, rival Escorts Kubota has followed suit. “Overall, year-to-date, in nine months, the industry has shown a growth of 5%. In… Continue reading Escorts Kubota Sees FY25 Tractor Industry Volumes up 6-7%

Apollo Tyres plans Rs 1,500 Crore Capex for FY26

Apollo Tyres, one of India’s leading tyre manufacturers, has ramped up its investment in capacity expansion and maintenance. The company has earmarked a significantly higher capex of Rs 1,500 crore for the financial year 2025-26 (FY26). Of this, Rs 700 crore will be dedicated to maintenance, ensuring operational efficiency and technological upgrades, while Rs 800… Continue reading Apollo Tyres plans Rs 1,500 Crore Capex for FY26

Eicher Motors Appoints Siddhartha Lal as Executive Chairman, Govindarajan as MD

In a significant leadership transition announced today, Eicher Motors Limited (EML) has appointed Siddhartha Lal as its new Executive Chairman, marking the end of S. Sandilya’s 25-year tenure as Chairman. The appointment is particularly noteworthy given Lal’s instrumental role in transforming Royal Enfield from a struggling motorcycle division into a global powerhouse in the mid-size… Continue reading Eicher Motors Appoints Siddhartha Lal as Executive Chairman, Govindarajan as MD

Escorts Kubota Reports 8.5% Jump in Q3 Profit on Strong Tractor Sales

Escorts Kubota Limited reported an 8.5% increase in standalone net profit at ₹323.2 crore for the quarter ended December 2024, compared to ₹297.9 crore in the same quarter last year, driven by strong performance in its tractor business despite challenges in the construction equipment segment. The company’s revenue from continuing operations grew 8.5% year-on-year to… Continue reading Escorts Kubota Reports 8.5% Jump in Q3 Profit on Strong Tractor Sales

Eicher Motors Reports Record Q3 Earnings, Driven by Strong Royal Enfield Sales

Eicher Motors Limited registered its highest-ever quarterly performance with a 19% increase in revenue to ₹4,973 crores, driven by record motorcycle sales and strong commercial vehicle performance in the quarter ended December 31, 2024. The company’s motorcycle division, Royal Enfield, achieved its best quarterly sales volume of 269,039 units, marking a 17% increase from the… Continue reading Eicher Motors Reports Record Q3 Earnings, Driven by Strong Royal Enfield Sales

Mahindra Logistics, Asian Paints Form Strategic Transportation Partnership

Mahindra Logistics Limited has partnered with Asian Paints to provide integrated transportation solutions aimed at enhancing supply chain efficiency through its premium Pro-Trucking service, connecting multiple sites across India. The collaboration, announced in Mumbai on February 10, 2025, will see Mahindra Logistics deploy its network of integrated line haul transportation solutions for Asian Paints’ short-distance… Continue reading Mahindra Logistics, Asian Paints Form Strategic Transportation Partnership

Sona Comstar to advance completion of railway business purchase from Escorts Kubota

Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Monday, said it has decided to bring closer the deadline for executing the acquisition of Escorts Kubota’s railway business and change the way the payment will be made. In October, Sona Comstar announced the acquisition of Escorts Kubota’s railway equipment business for Rs 1,600… Continue reading Sona Comstar to advance completion of railway business purchase from Escorts Kubota

ACE Posts Record Q3 Performance with Revenue Surge of 16.6%, Margin Expansion

Construction and material handling equipment major Action Construction Equipment Ltd (ACE) demonstrated robust growth in the third quarter of FY25, registering its highest-ever quarterly revenue of Rs 873.10 crores, driven by strong demand across segments and efficient cost management. The company’s consolidated total income grew by 16.6% year-on-year, while EBITDA margins expanded by 204 basis… Continue reading ACE Posts Record Q3 Performance with Revenue Surge of 16.6%, Margin Expansion

Varroc Engineering Posts Rs 4.5 Crore Loss in Q3 FY24 Amid Higher Costs

Varroc Engineering Limited, a global automotive component manufacturer, reported a net loss of Rs 4.5 crore for the quarter ended December 31, 2024, compared to a profit of Rs 38.4 crore in the same quarter last year, as higher material costs and other expenses weighed on profitability. Revenue from operations grew by 10.1% year-on-year to… Continue reading Varroc Engineering Posts Rs 4.5 Crore Loss in Q3 FY24 Amid Higher Costs