Auto major Tata Motors reported a consolidated net profit of Rs 3,203 crore for the quarter ended June, as against a net loss of Rs 5,007 crore a year ago. Meanwhile, the company’s consolidated revenue from operations increased 42% in Q1FY24 year on year to Rs 1.02 lakh crore as compared to Rs 71,934.66 crore.… Continue reading Tata Motors reports net profit of Rs 3,203 crore in Q1FY24
Category: US Motoring Press
Mercedes-Benz gives a glimpse of entry-level EV sedan concept
Mercedes will preview a future entry-level model with a new concept car at this year’s Munich motor show in early September. Our sister publication, Autocar UK understands that the new concept will preview the new CLA, which has recently been spotted testing ahead of its 2025 debut with in-house-developed electric and mild-hybrid petrol drivetrains. Mercedes Benz new electric… Continue reading Mercedes-Benz gives a glimpse of entry-level EV sedan concept
Bajaj Auto Q1 FY24 net profit up 42% at Rs 1,665 crore
Home-grown automaker Bajaj Auto reported a 42% year-on-year growth in its net profit at Rs 1,664.77 crore for the fiscal’s first quarter ended June 30. The company had posted a profit of Rs 1,173.30 crore in the year-ago period. The company’s total revenue from operations rose nearly 29% year over year to Rs 10,309.77 crore… Continue reading Bajaj Auto Q1 FY24 net profit up 42% at Rs 1,665 crore
Goa govt files police complaint against Uber, accuses it of illegally operating in state: PTI
The Goa government has filed a police complaint against Uber India, accusing the company of illegally operating its services in the state, PTI reported. Last week, the ride-sharing services firm had announced services in Goa, including airport pick up and drop. State Transport Minister Mauvin Godinho told reporters on Tuesday that his department has filed… Continue reading Goa govt files police complaint against Uber, accuses it of illegally operating in state: PTI
Volkswagen India strengthens its footprint with the inauguration of three new touchpoints in Delhi NCR
Volkswagen India has introduced a new city store in Dwarka and Gurugram, whereas the Paschim Vihar touchpoint caters to pre-owned car customers through Das WeltAuto, who are looking to buy and sell their existing carlines or upgrade to a new Volkswagen. Volkswagen India has strengthened its footprint with the inauguration of three new touchpoints in… Continue reading Volkswagen India strengthens its footprint with the inauguration of three new touchpoints in Delhi NCR
Erisha E Mobility partners with Lakshmi India Finance for EV financing
Erisha E Mobility and Lakshmi India Finance have recently signed an MoU agreement for EV financing. The collaboration aims to provide loan facilities to potential customers in Rajasthan, Madhya Pradesh, and Gujarat, who wish to purchase electric three-wheelers manufactured by Erisha E Mobility. Ravindra Singh Khaneja, the Zonal Head of Erisha E Mobility, said that… Continue reading Erisha E Mobility partners with Lakshmi India Finance for EV financing
PMI Electro appoints Aanchal Jain as CEO
PMI Electro has announced the appointment of Aanchal Jain as its Chief Executive Officer (CEO). With a Ph.D. in Economics from Northwestern University and an MSc in Economics from The London School of Economics and Political Science (LSE), Aanchal possesses a unique blend of skills in policy, macro-economy analysis, and business acumen. She is a visiting… Continue reading PMI Electro appoints Aanchal Jain as CEO
Enigma Automobiles launches Ambier N8 electric scooter
Enigma Automobiles has announced the official launch of its Ambier N8 electric scooter, which boasts a remarkable range of 200 kilometres on a single charge and a fast-charging time of 2-4 hours. The Ambier N8 has been launched at a price starting from Rs 1,05,000 to Rs 1,10,000 (ex-showroom.) The Ambier N8 has been designed… Continue reading Enigma Automobiles launches Ambier N8 electric scooter
Tresa Motors appoints Bharat Benz’s Creative Head of Studio, Edmund Spitz as its Chief Design Officer
Tresa Motors has announced the appointment of Edmund Spitz as Chief Design Officer. Spitz will report directly to Rohan Shravan, Founder CEO and CTO. Spitz brings over a decade of global transportation design experience from companies such as BharatBenz, Daimler Trucks North America, and SAIC Innovation Centre. In this role at Tresa Motors, Spitz will… Continue reading Tresa Motors appoints Bharat Benz’s Creative Head of Studio, Edmund Spitz as its Chief Design Officer
Godawari Electric Motors launches exclusive financing options in collaboration with IDBI Bank
Godawari Electric Motors, manufacturer of the Eblu range of products, has collaborated with IDBI Bank to avail exclusive financing options for its customers across India. The new partnership with IDBI Bank avails access to loans with a maximum tenure of 3 years, at an 11% rate of interest, and a low processing fee of 1%. The… Continue reading Godawari Electric Motors launches exclusive financing options in collaboration with IDBI Bank