US Motoring Press – Page 1552 – I wish I had more to offer

TVS Motor Q4 profit up 18% YoY; FY24 profit grows 40% to highest ever

TVS Motor Co today reported an 18 percent on-year increase in its fourth-quarter net profit, while its profit for the full financial year 2024 was the highest ever with a growth of around 40 percent. The profit grew on the back of robust margins, which was primarily driven by higher volumes. The automaker’s fourth quarter… Continue reading TVS Motor Q4 profit up 18% YoY; FY24 profit grows 40% to highest ever

Greaves Cotton’s e-mobility business skids on FAME-II subsidy withdrawal

Revenue from Greaves Cotton’s electric mobility business plunged 77.78% to Rs 612 crore in fiscal year 2024, down from Rs 1,124 crore a year earlier, according to an investor presentation. The decline was attributed to a shift in government subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) programme. Removal of the subsidy… Continue reading Greaves Cotton’s e-mobility business skids on FAME-II subsidy withdrawal

Greaves Cotton’s e-mobility business skids on FAME-II subsidy withdrawal

AIC T-Hub selects startups to drive innovation in mobility sector

AIC T-Hub, India’s startup incubator, in collaboration with Atal Incubation Centre (AIC), announced the launch of the mobility cohort of the AIC T-Hub Program. The selected startups will focus on critical areas including battery technology, battery management systems (BMS), electric vehicle development, shared mobility solutions, and distribution networks. Amongst the selected startups are- VPush Technologies Pvt… Continue reading AIC T-Hub selects startups to drive innovation in mobility sector

Tesla alumni-led DG Innovate enters India through joint venture with EVage Motors

DG Innovate, a UK-based advanced R&D company specialising in sustainable mobility and energy storage, has announced a joint venture (JV) with EVage Motors. This strategic partnership aims to accelerate the commercialisation of DG Innovate’s Pareta electric drive system while bolstering EVage’s position as a vertically integrated commercial EV company. The JV, with a 60% ownership… Continue reading Tesla alumni-led DG Innovate enters India through joint venture with EVage Motors

TVS SCS wins new business deal for Eicher’s bus facility in Baggad

TVS Supply Chain Solutions has won a new business contract from VE Commercial Vehicles (VECV) for managing their in-plant warehousing and logistics function at their Eicher bus factory in Baggad, Madhya Pradesh. VECV has been associated with TVS SCS since 2006 for in-plant logistics operations for its Truck plant in Pithampur, Madhya Pradesh. The new deal for… Continue reading TVS SCS wins new business deal for Eicher’s bus facility in Baggad

FY2025 opens on a strong note for retail sales: 2.20 million units, up 27% in April

India Auto Inc has had a good start to the new fiscal year 2025. The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. At 2.20 million units, April 2024 retails constitute a 3.71% increase on March 2024’s 2.12 million units and a handsome 27% year-on-year… Continue reading FY2025 opens on a strong note for retail sales: 2.20 million units, up 27% in April