Chennai-headquartered TVS Motor Company has launched operations in Italy. The company will introduce a selection of its thermic and electric scooters and motorcycles. TVS Motor, ranked as the world’s fourth-largest two and three-wheeler manufacturer and third in market capitalisation, already markets its products in 80 countries. TVS Motor Company is expanding its operations in Italy… Continue reading TVS Motor Company launches operations in Italy
Category: US Motoring Press
Pricol reports 39.25% jump in net profit to Rs 41.5 crore in Q4FY24
Coimbatore-headquartered Pricol Ltd reported its net profit increase by 39.25% year-on-year (YoY) during Q4FY24 to Rs 41.5 crore. The operating revenues on the other hand, jumped by 11.09% YoY to Rs 566.2 crore during the same comparable period. On a financial year basis, the company’s net profit increased by 12.77% to Rs 140.6 crore in… Continue reading Pricol reports 39.25% jump in net profit to Rs 41.5 crore in Q4FY24
Honeywell Automation India appoints Atul Pai as Managing Director
Honeywell Automation India has announced the appointment of Atul Pai as Managing Director, effective May 16, 2024. He succeeds Ashish Gaikwad who is taking on a broader responsibility as India Leader for Industrial Automation, one of Honeywell International Inc’s strategic business groups. “Atul brings more than two decades of Honeywell experience in various regional and… Continue reading Honeywell Automation India appoints Atul Pai as Managing Director
Mahle finalises sale of thermostat business to industrial firm Admetos
German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos. The sale of Mahle’s thermostat segment to Admetos will see the latter operate the business under the name –… Continue reading Mahle finalises sale of thermostat business to industrial firm Admetos
Mahindra XUV 3XO registers over 50,000 bookings within 60 minutes
Mahindra & Mahindra announced that within the first 60 minutes of opening bookings today at 10 a.m., the XUV 3XO has received over 50,000 bookings. The XUV 3XO recorded 27000 bookings within the first 10 minutes itself, as per a company press release. Veejay Nakra, President – Automotive Division, M&M Ltd. said, “We are immensely… Continue reading Mahindra XUV 3XO registers over 50,000 bookings within 60 minutes
Solving city woes: Building a sustainable tomorrow with automated parking technologies
As India undergoes rapid urbanisation and population growth, concerns over parking space scarcity in metropolitan cities continue to escalate. Across cities such as Delhi, Bengaluru, and Mumbai, recognised as some of the world’s most congested areas from a traffic perspective, the competition for limited parking spaces has reached a critical point. According to an IBM… Continue reading Solving city woes: Building a sustainable tomorrow with automated parking technologies
FICCI and IESA forge strategic alliance to advance India’s semiconductor and electronics industry
The Federation of Indian Chambers of Commerce and Industry (FICCI) and the India Electronics and Semiconductor Association (IESA) have signed a Memorandum of Understanding (MoU). This initiative establishes a framework for sustained cooperation between the two entities. The primary objectives of this partnership include promoting innovation, bolstering the semiconductor and electronics industry, and fortifying supply… Continue reading FICCI and IESA forge strategic alliance to advance India’s semiconductor and electronics industry
FICCI and IESA forge strategic alliance to advance India’s semiconductor and electronics industry
The Federation of Indian Chambers of Commerce and Industry (FICCI) and the India Electronics and Semiconductor Association (IESA) have signed a Memorandum of Understanding (MoU). This initiative establishes a framework for sustained cooperation between the two entities. The primary objectives of this partnership include promoting innovation, bolstering the semiconductor and electronics industry, and fortifying supply… Continue reading FICCI and IESA forge strategic alliance to advance India’s semiconductor and electronics industry
FICCI and IESA forge strategic alliance to advance India’s semiconductor and electronics industry
The Federation of Indian Chambers of Commerce and Industry (FICCI) and the India Electronics and Semiconductor Association (IESA) have signed a Memorandum of Understanding (MoU). This initiative establishes a framework for sustained cooperation between the two entities. The primary objectives of this partnership include promoting innovation, bolstering the semiconductor and electronics industry, and fortifying supply… Continue reading FICCI and IESA forge strategic alliance to advance India’s semiconductor and electronics industry
Coal India, NMDC assessing lithium mines overseas: Report
State-run miners Coal India and NMDC are assessing the lithium mines in Australia and Chile to get critical minerals, Secretary of Mines V.L. Kantha Rao, Reuters reported. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao informed reporters at the sidelines of an industry… Continue reading Coal India, NMDC assessing lithium mines overseas: Report