The Kia Sorento has been updated for 2023 with a bold new look to bring it into line with the similarly sized EV9 electric SUV. Pictures published by Kia on social media reveal a thoroughly restyled front end and a cleaner dashboard design as the headline changes, which arrive around three years after the Sorento was… Continue reading Bold new face and interior redesign for 2023 Kia Sorento
Category: US Motoring Press
Ceat Q1FY24 PAT jumps over 15 times at Rs 144 crore
On a consolidated basis, the company’s revenue closed at Rs 2,935 crore, up 4.1% in Q1FY24, as compared to Rs 2,818.4 crore in the same period a year ago. During the quarter under review, the company’s EBITDA margin stood at 13.1%. Tyremaker Ceat has reported an over 15-fold jump in its consolidated profit after tax… Continue reading Ceat Q1FY24 PAT jumps over 15 times at Rs 144 crore
Tata Motors simplifies capital structure
The Board of Tata Motors has approved a Scheme of Arrangement for capital reduction of ‘A’ ordinary shares, which will result in a 4.2% reduction in the number of outstanding equity shares. Ordinary shares will be issued as a consideration for the reduction. The termination of the ADS (American Depository Shares) program from the NYSE, along… Continue reading Tata Motors simplifies capital structure
Maruti, Hyundai, Tata, Toyota: CNG strategies explained
Earlier in July, we reported that CNG sales dipped by 5 percent in the first six months of 2023, compared to the same period last year. While this dip in sales could be on account of supply constraints, manufacturers continue to bet on CNG power and expect strong demand going forward. Interestingly, the top three manufacturers in… Continue reading Maruti, Hyundai, Tata, Toyota: CNG strategies explained
Maruti, Hyundai, Tata, Toyota: CNG strategies explained
Earlier in July, we reported that CNG sales dipped by 5 percent in the first six months of 2023, compared to the same period last year. While this dip in sales could be on account of supply constraints, manufacturers continue to bet on CNG power and expect strong demand going forward. Interestingly, the top three manufacturers in… Continue reading Maruti, Hyundai, Tata, Toyota: CNG strategies explained
With multiple new launches lined up starting festive season, We will start batting now, says P B Balaji, Group CFO, Tata Motors
Tata Motors – the country’s third largest car maker will be investing close to a billion dollars in FY24 – its highest-ever annual investment to sustain the growth momentum in passenger vehicles and seize back lost share in a highly competitive commercial vehicle market. With the festive season around the corner, the company is getting… Continue reading With multiple new launches lined up starting festive season, We will start batting now, says P B Balaji, Group CFO, Tata Motors
KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth
Pune-based KPIT Technologies, which is an independent software integration solutions provider for automotive and mobility industry has announced its Q1 (April to June 2023) FY24 financial results, with the company registering a noticeable 51.7 percent year-on-year (YoY) growth as its revenues touched US $133.9 million or Rs 1,095 crore. The company has also reported almost… Continue reading KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth
Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Hendrickson, a leading global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions and other commercial vehicle systems, has launched its innovative air and mechanical suspensions and axles for trailer applications in India. These suspensions will be manufactured locally as part of the Make in India initiative of the Government of India.… Continue reading Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Hendrickson, a leading global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions and other commercial vehicle systems, has launched its innovative air and mechanical suspensions and axles for trailer applications in India. These suspensions will be manufactured locally as part of the Make in India initiative of the Government of India.… Continue reading Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Mahindra & Mahindra inaugurates dealership in Thane
Mahindra & Mahindra, the SUV maker in India, today inaugurated its latest dealership in Thane, Arnav Automobiles, extending its presence in the region. The new dealership will offer the entire range of Mahindra’s SUVs and commercial vehicle range. The SUV range includes the All-New Thar, Scorpio-N, Scorpio Classic, XUV700, XUV300, Bolero and Bolero Neo. The dealership… Continue reading Mahindra & Mahindra inaugurates dealership in Thane