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
Author: Autocar_Professional India Online News
Mahindra Introduces Upgraded Sales and Service Network
Mahindra & Mahindra announced today a comprehensive overhaul of its sales and service infrastructure, introducing new technology-focused dealerships and enhanced after-sales support across India. The initiative comes as the automaker prepares to launch its new electric SUV lineup. The company has redesigned its showrooms to showcase its latest technologies, including the INGLO electric vehicle platform… Continue reading Mahindra Introduces Upgraded Sales and Service Network
Uber shares jump to highest in three months as Bill Ackman acquires $2.3 billion stake: Report
Uber Technologies’ stock rose to a three month high, as Bill Ackman acquired a $2.3 billion interest in the company, Reuters reported. The billionaire hedge fund manager took to X to say that he had begun purchasing a stake in the ride sharing platform in early January. He now owns 30.3 million shares in the company,… Continue reading Uber shares jump to highest in three months as Bill Ackman acquires $2.3 billion stake: Report
Euler Motors Appoints Ashish Tandon as Global Head of Customer Excellence
Euler Motors, a prominent electric commercial vehicle manufacturer, has announced the appointment of Ashish Tandon as its new Global Head of Customer Excellence. This strategic move comes as the company strengthens its focus on customer experience and EV ecosystem development. Tandon, who brings over 25 years of automotive industry expertise, will spearhead the company’s customer… Continue reading Euler Motors Appoints Ashish Tandon as Global Head of Customer Excellence
GoMechanic Launches Two-Wheeler Service Division with ₹100 Crore Investment Plan
GoMechanic, India’s prominent automotive service provider, today announced a significant expansion into the two-wheeler servicing market with a planned investment of ₹100 crore over the next two years. The move comes shortly after the company’s acquisition by Servizzy and targets India’s vast two-wheeler segment, which constitutes over 75% of the country’s total vehicle sales. The… Continue reading GoMechanic Launches Two-Wheeler Service Division with ₹100 Crore Investment Plan
Royal Enfield Concludes Inaugural Slide School Cup India Championship in Jaipur
Royal Enfield’s inaugural Slide School Cup India reached its conclusion today at the company’s new facility in Jaipur, with Anish Shetty emerging as champion following an intense final round of competition. The championship, which attracted over 100 riders from across India, culminated in a dramatic tie-breaker between Shetty and Sathya Raj Arumugam, both finishing with… Continue reading Royal Enfield Concludes Inaugural Slide School Cup India Championship in Jaipur
In Conversation with Anuj Kapuria, MD & CEO, Novus Hi-Tech
Gurugram-headquartered Novus Hi-Tech, which develops algorithm-based advanced driver assistance systems (ADAS) technologies, bets big on the importance of locally-developed, cost-effective ADAS solutions for mass adoption and effective accident reduction on Indian roads. Advanced Driver Assistance Systems (ADAS) technologies such as lane-keep assist, and autonomous emergency braking are picking pace in India, what with various carmakers… Continue reading In Conversation with Anuj Kapuria, MD & CEO, Novus Hi-Tech
Toyota Glanza clocks 200,000 sales since launch
Toyota Kirloskar Motor, which registered wholesales of 26,178 units, up 13% YoY, in January 2025 has during the month seen the Glanza, its sole hatchback, drive past the cumulative sales milestone of 200,000 units in the Indian passenger vehicle market. As per SIAM and industry wholesales numbers, the Toyota Glanza has clocked total dispatches of… Continue reading Toyota Glanza clocks 200,000 sales since launch
Advantec Wheels enters the Indian market with flow-forged alloy wheels
The New Delhi-based company with a state-of-the-art, 2 lakh-unit annual capacity plant in Jammu, aims to be a fashion brand in the aftermarket alloy wheels segment in India with its aggressively-styled, and highly-customised offerings in the 16-inch to 22-inch size range. New Delhi-based Advantec Wheels, which has recently forayed into the Indian aftermarket with its… Continue reading Advantec Wheels enters the Indian market with flow-forged alloy wheels
Bajaj Auto ahead of Ola Electric by 421 units in February Week 1
Bajaj Auto has taken the lead in electric two-wheeler retail sales in the first week of February 2025 (1-7) which witnessed total sales of 21,407 units across 121 OEMs and importers, as per the latest Vahan data. In Week 1, Bajaj Auto has sold 5,096 Chetak e-scooters, which gives it a lead of 421 units… Continue reading Bajaj Auto ahead of Ola Electric by 421 units in February Week 1