Harley-Davidson X440, the first co-developed premium motorcycle of Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters and iconic American motorcycle maker Harley-Davidson has received a positive response in customer bookings, since its launch on July 3, 2023. The company will close the online booking window on August 3, 2023, as the test rides at the national scale for… Continue reading Hero MotoCorp receives an overwhelming response for Harley-Davidson X440
Category: US Motoring Press
MG Motor and IONAGE collaborate to build EV infrastructure
Motor India has partnered with IONAGE, a prominent eMobility Service Provider, to strengthen destination charging infrastructure across India, thus encouraging intercity travel by EVs. The partnership was officially announced with the inauguration of 10 destination charging stations across Lucknow, Trivandrum and Cochin. In this collaboration, MG Motor will leverage IONAGE’s advanced e-mobility platform to provide… Continue reading MG Motor and IONAGE collaborate to build EV infrastructure
Exide Q1 net profit up 11% at Rs 224 crore
Exide Industries, a leading industrial and automotive battery manufacturer, reported a 10.7 percent growth in its net profit of Rs 224.1 crore in the quarter ended June 2023 (Q1 FY24) as compared to a profit of Rs 202 crore in the corresponding quarter of last year. The company’s revenue in Q1FY24 increased 5.6 percent to… Continue reading Exide Q1 net profit up 11% at Rs 224 crore
Motherson Sumi Wiring India Q1 profit drops 2% to Rs 123 crore in Q1 FY24
Revenue growth was driven by increasing content per vehicle and a favourable product mix. The company also saw significant traction in the electric vehicle (EV) market, with year-over-year growth of 3x in Q1FY24. Motherson Sumi Wiring India Limited (MSWIL), a full-system solutions provider of the wiring harness segment to automotive manufacturers reported a 2% drop in… Continue reading Motherson Sumi Wiring India Q1 profit drops 2% to Rs 123 crore in Q1 FY24
Audi Group revenue increases to Euro 34.2 billion in the first half of 2023
After a strong start to the year, the Audi Group continued its successful trajectory in the first half of 2023. Between January and June, the brand group progressive delivered a total of 919,548 Audi, Bentley, and Lamborghini vehicles. This corresponds to an increase of more than 15.3 percent compared with the previous-year period. The Group… Continue reading Audi Group revenue increases to Euro 34.2 billion in the first half of 2023
Skoda global sales up 20% to 432,000 units in first-half 2023
Skoda Auto further continued to strengthen its positive course during the first half of 2023, despite ongoing market challenges. The Skoda Auto Group’s operating profit climbed to 911 million euros, marking a year-on-year increase of 34.8%. The Czech carmaker delivered 432,200 vehicles worldwide between January and June, which is 19.9% more than in January-June 2022.… Continue reading Skoda global sales up 20% to 432,000 units in first-half 2023
Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
Sundram Fasteners Q1 profit down 7% at Rs 129cr
Auto components maker Sundram Fasteners reported a 7% decline in its consolidated profit for the April-June quarter (Q1 FY24) at Rs 128.74 crore. The Chennai-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. Meanwhile, the company’s revenue from operations also dipped 2% in Q1 FY24 at Rs… Continue reading Sundram Fasteners Q1 profit down 7% at Rs 129cr
Sundram Fasteners Q1 profit down 7% at Rs 129cr
Auto components maker Sundram Fasteners reported a 7% decline in its consolidated profit for the April-June quarter (Q1 FY24) at Rs 128.74 crore. The Chennai-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. Meanwhile, the company’s revenue from operations also dipped 2% in Q1 FY24 at Rs… Continue reading Sundram Fasteners Q1 profit down 7% at Rs 129cr