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
Author: Autocar_Professional India Online News
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
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