Pune’s Kinetic Engineering Ltd. disclosed its Q3 FY24 financial results today, reporting a net profit of Rs 94 lakh for the quarter ending December 31, 2023. This marks an increase from the Rs 47.23 lakh recorded during the same period the previous year. The company’s operating revenue during Q3 FY24 stood at Rs 34.30 crore, surpassing… Continue reading Kinetic Engineering reports Rs 94 lakh in net profit during Q3FY24
Category: US Motoring Press
3ev Industries secures Rs 96 crore in Series A funding from Mahanagar Gas
3ev Industries has secured Rs 96 crore in Series A funding from Mahanagar Gas. The investment, which is to be made in tranches, is subject to normal closing provisions. The first tranche is expected to be invested before the end of this month. 3ev, a Bengaluru-based Electric Vehicle OEM, manufactures L5 category three-wheel cargo, passenger, and… Continue reading 3ev Industries secures Rs 96 crore in Series A funding from Mahanagar Gas
Road safety expert sounds alarm over delayed HSRP rollout in Maharashtra, Chhattisgarh
Dr. Kamaljeet Soi, a member of the National Road Safety Council and Chairman of Raahat (The Safe Community Foundation), a non-profit organisation (NGO), has expressed concerns about the delayed implementation of High Security Registration Plates (HSRP) in Maharashtra, Chattisgarh, and a few other states. According to Soi, in spite of being mandated by the Supreme… Continue reading Road safety expert sounds alarm over delayed HSRP rollout in Maharashtra, Chhattisgarh
New Ford Puma Gen-E: prices, specs and exclusive image of Ford’s electric SUV
A pure-electric version of the Ford Puma – the best-selling car in the UK in 2023 – is finally being unveiled later in 2024, and will officially be called the Ford Puma Gen-E, the brand has confirmed. It makes perfect sense that Ford would want to capitalise on the Puma’s popularity and broaden the appeal… Continue reading New Ford Puma Gen-E: prices, specs and exclusive image of Ford’s electric SUV
New facelifted Ford Puma gets big screens for a small price increase
The Ford Puma topped the UK car-sales charts in 2023 – but the small SUV has never faced stiffer competition, so it’s been treated to a mid-life refresh that brings a few exterior tweaks and a major cabin overhaul with improved levels of tech, yet only a minor increase in price. Ford is taking orders… Continue reading New facelifted Ford Puma gets big screens for a small price increase
Best pick-up trucks 2024
They’re still rugged and utilitarian workhorses at heart, but the best pick-up trucks on today’s market are far more refined than their Spartan ancestors. With vastly improved ride quality, plush interiors, top-notch technology and even a few hints of luxury, many modern pick-ups are now genuinely considered suitable for use as a day-to-day car. Manufacturers… Continue reading Best pick-up trucks 2024
Ascend Capital raises Rs 50 crore in Series A led by Infoedge, Asha Ventures
Ascend Capital a Jaipur-based NBFC focused on EV financing, has raised Rs 50 core in a Series A round led by Infoedge Ventures and Asha Ventures. Founded by IIT Madras batchmates Lokesh Chandra and Gaurav Maheshwari, Ascend in its initial years, had focused on a single geography and became one of its leading players while… Continue reading Ascend Capital raises Rs 50 crore in Series A led by Infoedge, Asha Ventures
Eicher Motors reports 34% jump in net profit at Rs 996 crore during Q3FY24
Eicher Motors Limited on Tuesday reported a consolidated net profit of Rs 996 crore during Q3 FY24, a jump of 34% when compared with Rs 741 crore in Q3 FY23. The company’s revenue from operations stood at its highest ever at Rs 4,179 crore during Q3 FY24, up 12% as against a similar period last… Continue reading Eicher Motors reports 34% jump in net profit at Rs 996 crore during Q3FY24
Rapido launches subscription fee model for auto taxi drivers
In a bid to attract more offline auto drivers, Bengaluru-based ride-hailing company Rapido today has launched a subscription fee model for three-wheeler taxi service drivers on its platform. This replaces its existing model of levying commission on each ride. “We are changing the business model into a SaaS model where we are giving our product… Continue reading Rapido launches subscription fee model for auto taxi drivers
Toyota says President, Chairman of Daihatsu unit to step down: Report
Toyota Motor Corp stated on Tuesday that not only the president but also the chairman of Daihatsu Motor will step down, Reuters reported. This development comes nearly a year after the small car unit confessed to rigging collision safety tests, the newsire stated. These exits are among the most extreme that Daihatsu has made so… Continue reading Toyota says President, Chairman of Daihatsu unit to step down: Report