US Motoring Press – Page 1775 – I wish I had more to offer

Aston Martin seeks replacement for CEO Amedeo Felisa

Aston Martin is reportedly searching for a new CEO to replace Amedeo Felisa, who is approaching his 78th birthday. A new report from Bloomberg alleges that Aston Martin chairman Lawrence Stroll has been contacting bosses of other luxury brands, both past and present, as he hunts for someone to lead the next stage of the… Continue reading Aston Martin seeks replacement for CEO Amedeo Felisa

Tata Motors likely to offer standard six airbags in next-gen Tiago, Tigor

Homegrown automaker Tata Motors, which has registered remarkable growth in the last few years to emerge as India’s No. 3 carmaker, led by a range of products that score high in terms of value, as well as safety and crash protection, is aiming to up the safety ante in its future products. The company, which… Continue reading Tata Motors likely to offer standard six airbags in next-gen Tiago, Tigor

Ashok Leyland dodges export slump, CEO credits Middle East & Africa push

Commercial vehicle giant Ashok Leyland bucked the industry trend of slumping exports, maintaining volumes over the past two years, said MD & CEO Shenu Agarwal. The key, according to Agarwal, was a strategic shift in focus towards new markets in the Middle East and Africa. Speaking on the sidelines of the Bharat Mobility show in… Continue reading Ashok Leyland dodges export slump, CEO credits Middle East & Africa push

Varroc Engineering wins Rs 6,757 crore worth new orders in the first nine months of FY24

Varroc Engineering, a leading supplier to the auto industry, reported a new lifetime order win worth Rs 67.57 billion (approximately Rs 6757 crore) during the first nine months of FY24. Tarang Jain, CMD of Varroc Engineering, stated in a press statement that these orders will enable the company to increase its revenue better than the… Continue reading Varroc Engineering wins Rs 6,757 crore worth new orders in the first nine months of FY24

Apollo Tyres reports 78% jump in net profit to Rs 497 crore in Q3FY24

Apollo Tyres’s net profit for Q3 FY24 jumped by 78% to Rs 497 crore, as against Rs 279 crore in the same period last fiscal. The operating revenue, however, was up by 3% to close at Rs 6595 crore, as against Rs 6423 crore in Q3 FY23, the company reported in a regulatory filing. Onkar Kanwar,… Continue reading Apollo Tyres reports 78% jump in net profit to Rs 497 crore in Q3FY24

Uno Minda bags Rs 250 crore order boost from EV makers in Q3 FY24

Uno Minda, a Tier 1 automotive supplier, has secured new orders worth Rs 250 crore annually from electric vehicle (EV) manufacturers, further solidifying its position in the burgeoning sector. The order book, disclosed in the company’s investor presentation, comprises Rs 200 crore for EV-specific components like off-board chargers, motors, and controllers. Uno Minda boasts a… Continue reading Uno Minda bags Rs 250 crore order boost from EV makers in Q3 FY24

Kinetic Green launches E-Luna at Rs 69,990

A few weeks after it was listed on some e-commerce websites, Kinetic Green has launched the E Luna at an introductory price of Rs 69,990 in India (ex-showroom, Delhi). The Kinetic E-Luna has a very simple and utilitarian design although it does miss out on the signature pedals that were on the popular petrol moped that… Continue reading Kinetic Green launches E-Luna at Rs 69,990

Kinetic Green launches E-Luna at Rs 69,990

Exclusive: Tour of Mahindra’s latest battery laboratory at MRV, Chennai

With the accelerated pace of EV adoption in India, Mahindra & Mahindra is intensifying its efforts to develop breakthrough EV technology, including advanced batteries and propulsion systems. To augment its EV competencies, the company has set up an Electric Powertrain Development Center at the Mahindra Research Valley (MRV) in Chennai, that is set to play… Continue reading Exclusive: Tour of Mahindra’s latest battery laboratory at MRV, Chennai