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
Author: Autocar_Professional India Online News
Wardwizard Reports 18.76% Growth in January Electric Vehicle Sales
Wardwizard Innovations & Mobility Limited (WIML) announced today that its January sales reached 3,830 electric two-wheelers, marking an 18.76% increase from the same period last year. The company’s performance indicates continued momentum in India’s electric vehicle sector. The sales figures, which encompass both high-speed and low-speed models under the company’s ‘Joy e-bike’ brand, show improvement… Continue reading Wardwizard Reports 18.76% Growth in January Electric Vehicle Sales
FADA Report Shows India’s Electric Vehicle Market’s Segmented Growth in January 2025
The electric vehicle market showed varying penetration rates across different segments. Three-wheelers continued to lead with the highest market share at 56.0% of their segment. The two-wheeler segment had grown to capture 6.4% of its market. Commercial vehicles maintained a steady presence with a 0.98% share, while passenger vehicles had reached 2.4% of their respective… Continue reading FADA Report Shows India’s Electric Vehicle Market’s Segmented Growth in January 2025
Ola Electric posts wider loss on discounts, improving service quality: Report
Ola Electric reported a wider quarterly loss on the back of heavy discounts to counter rising competition and on improving the quality of services at the workshops, Reuters reported. The electric two-wheeler maker that counts SoftBank as one of its investors, reported a loss of 5.64 billion rupees ($64.51 million) in the October-to-December quarter, compared… Continue reading Ola Electric posts wider loss on discounts, improving service quality: Report
Ola Electric posts wider loss on discounts, improving service quality: Report
Ola Electric reported a wider quarterly loss on the back of heavy discounts to counter rising competition and on improving the quality of services at the workshops, Reuters reported. The electric two-wheeler maker that counts SoftBank as one of its investors, reported a loss of 5.64 billion rupees ($64.51 million) in the October-to-December quarter, compared… Continue reading Ola Electric posts wider loss on discounts, improving service quality: Report
Ola Electric posts wider loss on discounts, improving service quality: Report
Ola Electric reported a wider quarterly loss on the back of heavy discounts to counter rising competition and on improving the quality of services at the workshops, Reuters reported. The electric two-wheeler maker that counts SoftBank as one of its investors, reported a loss of 5.64 billion rupees ($64.51 million) in the October-to-December quarter, compared… Continue reading Ola Electric posts wider loss on discounts, improving service quality: Report
BorgWarner eyes 10-20% CAGR in PowerDrive Business Unit over the next five years
Betting big on the growing demand for electrification components, BorgWarner, which offers a gamut of such technologies under its PowerDrive Systems business unit, is confident of strong future growth. American Tier-1 major BorgWarner, which is ready with its range of technolgies and solutions for electrified powertrains, is betting big on the demand in the future.… Continue reading BorgWarner eyes 10-20% CAGR in PowerDrive Business Unit over the next five years
M&M Tweaks Financial Reporting to Separate EV Performance
Mahindra & Mahindra (M&M) has announced a significant restructuring of its financial reporting framework to provide greater visibility into its electric vehicle operations, set to take effect from Q4 FY25. The new reporting structure will separate the company’s EV manufacturing costs and margins across different business segments, offering investors and analysts deeper insights into the… Continue reading M&M Tweaks Financial Reporting to Separate EV Performance
Tractor industry to grow by 15% in Jan-March quarter, says Jejurikar
Despite lackluster tractor sales in the first half of this year, the tractor industry is likely to grow by 15% in the last quarter of the financial year 2025 on the back of positive farm sentiments, said Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), Mahindra & Mahindra Ltd. In the previous quarter (Oct-Dec),… Continue reading Tractor industry to grow by 15% in Jan-March quarter, says Jejurikar
LIVE UPDATES: Mahindra & Mahindra Quarterly Results Oct-Dec FY25
The company reported a strong third quarter of FY25, with consolidated profit after tax rising 20% to Rs 3,181 crore, driven by strong showing across its automotive, farm equipment, and services businesses. Mahindra & Mahindra has announced its quarterly results for Oct-Dec 2024. Here are live updates from its press conference. M&M: Expect tractor industry… Continue reading LIVE UPDATES: Mahindra & Mahindra Quarterly Results Oct-Dec FY25