US Motoring Press – Page 1770 – I wish I had more to offer

Samvardhana Motherson reports 27% jump in revenue at Rs 25,698 crore in Q3 FY24

Auto components firm Samvardhana Motherson International Limited reported a 27% jump in revenues, at Rs 25,698 crore in the third quarter of FY24. The company reported a net profit of Rs 733 crore, for the third quarter ended December, up 61% on year. Net debt of the company reduced by around Rs 866 crore despite merger… Continue reading Samvardhana Motherson reports 27% jump in revenue at Rs 25,698 crore in Q3 FY24

FICCI quarterly survey on manufacturing reveals sustained growth in last two quarters of FY24

FICCI’s latest Quarterly Survey on Manufacturing (QSM) reveals a sustained and continued period of growth for India’s manufacturing sector in the last two quarters of FY 2024. Compared to the previous quarter, Q3 FY 24, when 73% of respondents had reported higher production levels, in the current Q4 FY 2024, around 87% of respondents expect… Continue reading FICCI quarterly survey on manufacturing reveals sustained growth in last two quarters of FY24

Confidence Petroleum India launches green hydrogen cylinders

Confidence Petroleum India ventured into the green hydrogen market by launching green hydrogen cylinders. The Green hydrogen Type 4 cylinders will be manufactured by its subsidiary Silversky Exim. The company that operates in the LPG and CNG industry, claims that the designs will optimise storage efficiency and be a step in enhancing the overall reliability… Continue reading Confidence Petroleum India launches green hydrogen cylinders

Shares of Bharat Forge fall more than 10% on growth concerns in FY25

Shares of Bharat Forge fell 13% to Rs 1,148.80. The management said it expects the momentum to moderate in both domestic & Export markets across industries going Q4 and FY25. “Looking ahead in the Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export market across industries.… Continue reading Shares of Bharat Forge fall more than 10% on growth concerns in FY25

Tata Motors and Bandhan Bank sign MoU to offer commercial vehicle financing solutions

Tata Motors, India’s largest commercial vehicle manufacturer, has signed an Memorandum of Understanding (MoU) with Bandhan Bank to offer convenient financing solutions to its commercial vehicle customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s network and its easy repayment plans, noted… Continue reading Tata Motors and Bandhan Bank sign MoU to offer commercial vehicle financing solutions

BMW 7 Series Protection: a close look at the bullet-proof sedan

BMW has been in the high-security game for about 45 years, and this 7 Series Protection is the latest from that stable. Soon to be available in India with prices rising far above the standard 7 Series’ Rs 1.70 crore (ex-showroom), the sixth-gen Protection is meant to transport those who need the highest level of protection, like… Continue reading BMW 7 Series Protection: a close look at the bullet-proof sedan

Bridgestone India appoints Hiroshi Yoshizane as MD

Bridgestone India, part of the Bridgestone Corporation, has announced the appointment of Hiroshi Yoshizane as Managing Director. Yoshizane will succeed Stefano Sanchini, who will be appointed as the Vice President of Consumer Replacement for Europe. Yoshizane moves to his new role from Bridgestone Japan where he has served various leadership positions. He last served as Executive Vice… Continue reading Bridgestone India appoints Hiroshi Yoshizane as MD

Tata Motors Partners with UN-Backed LeadIT initiative to bolster transition towards net zero emissions

Tata Motors has partnered with the Leadership Group for Industry Transition (LeadIT), a global alliance launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019. As a member of LeadIT, Tata Motors will be able to harness the power of global best practices, influence policy-making, and together with… Continue reading Tata Motors Partners with UN-Backed LeadIT initiative to bolster transition towards net zero emissions

Okaya EV announces price reductions across product line-up

Okaya EV has announced a reduction in prices across its entire range of electric scooters, making electric mobility more accessible to the masses. The company aims to encourage the adoption of EVs and promote sustainable transportation options across the country. Effective immediately and valid until February 29, 2024, customers can avail themselves discounts of up… Continue reading Okaya EV announces price reductions across product line-up