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
Author: Autocar_Professional India Online News
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
M&M Posts Strong Q3 with 20% Profit Growth
Mahindra & Mahindra (M&M) reported robust performance for the 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. The Mumbai-based conglomerate saw its consolidated revenue grow 17% year-on-year to Rs 41,470 crore. The company strengthened its grip… Continue reading M&M Posts Strong Q3 with 20% Profit Growth
Suzuki Motor Cuts Full-Year Production Forecast, Raises Earnings Outlook
Suzuki Motor Corporation has cut its automobile and two-wheeler production forecast for financial year 2024 (April 2024-March 2025), according to a presentation. However, it has raised its forecast for all consolidated earnings metrics for the ongoing year, based on the results up to the third quarter, and changes in the business environment. The Japanese automaker… Continue reading Suzuki Motor Cuts Full-Year Production Forecast, Raises Earnings Outlook
Nissan Motor looks for new partners as Honda merger talks set to collapse: Report
Nissan Motor is looking for a new partner as it looks to end merger talks with Honda Motor Co., sources in the know told Bloomberg. The Japan-based carmaker is scouting for a US partner ideally from tech sector, the sources told Bloomberg on condition of anonymity. North America is Nissan’s most important market and a larger… Continue reading Nissan Motor looks for new partners as Honda merger talks set to collapse: Report
Motherson Forms Joint Ventures with Japan’s Sanko for Sustainable Packaging Solutions
Samvardhana Motherson International Limited announced two joint ventures with Japan’s Sanko Co. Ltd. on February 7, 2025, to develop sustainable packaging solutions for India and Europe. The partnerships will operate through subsidiaries in India and Hungary. Motherson’s subsidiary SMGCL will hold 51% stake in the India venture, while SMRC Automotive Holdings Netherlands will control 51%… Continue reading Motherson Forms Joint Ventures with Japan’s Sanko for Sustainable Packaging Solutions