Shree Automotive, a Mahindra dealer in Kolkata, has launched the Mahindra Electric BE 6 and XEV 9E SUVs at its Topsia showroom. The event was attended by the Honourable Minister of Agriculture, Shri Sobhandeb Chattopadhyay. Mahindra’s new electric SUVs aim to expand the company’s presence in the electric vehicle market, aligning with its UnlimitIndia vision.… Continue reading Shree Automotive Launches Mahindra Electric BE 6 and XEV 9E SUVs in Kolkata
Author: Autocar_Professional India Online News
Ola Electric Expects Auto Business to Turn Profitable at 50,000 Monthly Volumes
Electric two-wheeler major Ola Electric Ltd expects its automotive segment to break even in terms of operating profit once its average monthly sales hit the 50,000-unit mark, according to a senior company official. “We have two segments—auto and cell. The auto segment EBITDA will achieve breakeven at a 50,000 level. Cell margins are booked in… Continue reading Ola Electric Expects Auto Business to Turn Profitable at 50,000 Monthly Volumes
Ola Electric Expects Auto Business to Turn Profitable at 50,000 Monthly Volumes
Electric two-wheeler major Ola Electric Ltd expects its automotive segment to break even in terms of operating profit once its average monthly sales hit the 50,000-unit mark, according to a senior company official. “We have two segments—auto and cell. The auto segment EBITDA will achieve breakeven at a 50,000 level. Cell margins are booked in… Continue reading Ola Electric Expects Auto Business to Turn Profitable at 50,000 Monthly Volumes
Hero MotoCorp Sees Double-Digit Revenue Growth in FY25, FY26
Despite market share challenges, India’s largest two-wheeler maker, Hero MotoCorp Ltd, projects double-digit revenue growth in the current financial year 2025 and anticipates a similar trajectory in the next financial year. “This year, the guidance we have given is for double-digit revenue growth. Looking at our first nine months’ performance and how this quarter has… Continue reading Hero MotoCorp Sees Double-Digit Revenue Growth in FY25, FY26
M&M Aims to Sell Over 1.2 Lakh EVs per Year by 2027, Says Rajesh Jejurikar
Mahindra & Mahindra Ltd expects to clock electric vehicle sales in excess of 1.2 lakh units per year by 2027, with the EV segment likely to contribute to 20-30% of its overall auto volumes, said Rajesh Jejurikar, executive director and chief executive officer, of M&M’s auto and farm divisions. The automaker is preparing for an… Continue reading M&M Aims to Sell Over 1.2 Lakh EVs per Year by 2027, Says Rajesh Jejurikar
M&M Aims to Sell Over 1.2 Lakh EVs per Year by 2027, Says Rajesh Jejurikar
Mahindra & Mahindra Ltd expects to clock electric vehicle sales in excess of 1.2 lakh units per year by 2027, with the EV segment likely to contribute to 20-30% of its overall auto volumes, said Rajesh Jejurikar, executive director and chief executive officer, of M&M’s auto and farm divisions. The automaker is preparing for an… Continue reading M&M Aims to Sell Over 1.2 Lakh EVs per Year by 2027, Says Rajesh Jejurikar
An Investors’ Guide to the Indian Car Market
Where exactly should prospective investors in the third largest car market in the world be investing in? To be more specific, which segments of the markets are the ones to go in for and the ones to avoid at all costs? The need to segment and sub segment Looking at numbers at a gross level… Continue reading An Investors’ Guide to the Indian Car Market
ASDC and Hero MotoCorp launch program to train 20,000 women for automotive sector
The Automotive Skill Development Council (ASDC) and Hero MotoCorp have announced a joint initiative to train 20,000 women for roles in automotive sales and service over the next 15 months. The program aims to increase gender diversity in India’s traditionally male-dominated automotive industry. The training will focus on eight key positions including two-wheeler service technicians,… Continue reading ASDC and Hero MotoCorp launch program to train 20,000 women for automotive sector
Maruti Suzuki delivers 60 Jimny vehicles to Indo-Tibetan Border Police
Maruti Suzuki India Limited delivered 60 Jimny vehicles to the Indo-Tibetan Border Police (ITBP) on Wednesday, marking the first time these vehicles will be used by India’s Central Armed Police Force. The vehicles will be deployed for border patrol operations in Ladakh and Arunachal Pradesh. The handover ceremony took place at ITBP Headquarters in New… Continue reading Maruti Suzuki delivers 60 Jimny vehicles to Indo-Tibetan Border Police
Happy Forgings Reports 11.5% PAT Growth in Q3FY25, Margin Expansion Continues
Happy Forgings Limited has announced robust financial results for the third quarter of fiscal year 2025, marking significant growth across key performance metrics. The company reported a revenue of Rs. 354 crore for Q3FY25, representing a 3.6% increase from Rs. 342 crore in the corresponding quarter of the previous year. The company demonstrated substantial improvement… Continue reading Happy Forgings Reports 11.5% PAT Growth in Q3FY25, Margin Expansion Continues