Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty Images Tesla reported revenue and profit for the fourth quarter that missed analysts’ estimates as automotive revenue increased… Continue reading Tesla misses fourth-quarter estimates on weak auto revenue, warns of lower volume growth in 2024
Category: US Motoring Press
China’s EV players ramp up competition with Tesla using new tech
The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment. CNBC | Evelyn Cheng BEIJING — Hot competition in China’s electric car market is pushing local automakers to sell… Continue reading China’s EV players ramp up competition with Tesla using new tech
Altair announces opening of Innovation Experience Centre with showcase of automotive digital twin capabilities
The centre, located in the Altair office in Pune, will provide prospects and customers with a hands-on experience of Altair’s technology solutions – from simulation and design to high-performance computing, data analytics, and AI. Software and cloud solutions company Altair will introduce its newly established Innovation Experience Centre and showcase its state-of-the-art AI-driven technology at… Continue reading Altair announces opening of Innovation Experience Centre with showcase of automotive digital twin capabilities
Bajaj Auto sees India 2W industry volume growing 8-10% YoY in FY24
Bajaj Auto Ltd expects domestic two-wheeler industry volume to grow 8-10% on a year-on-year basis during the current financial year with growth across all segments. The growth rate is likely to be higher in the premium segment, given the premiumisation trend. “We feel the industry should grow by 8-10% with the top half of the… Continue reading Bajaj Auto sees India 2W industry volume growing 8-10% YoY in FY24
Nissan Qashqai
The area where the old Qashqai particularly showed its age was in its interior, but this generation made some big steps in this respect. That said, it’s avoided taking on digital technology for the sake of it. With a classier dashboard, some horizontal trim strips and a big touchscreen in the middle, it looks right… Continue reading Nissan Qashqai
Incentives for e-2W not needed beyond a couple of years: Ather Energy’s Swapnil Jain
Swapnil Jain, Co-founder and chief technology officer at Ather Energy is of the opinion that the two wheeler industry will not require incentives beyond a couple of years. “I don’t think beyond a couple of years we would need incentives,” Jain told Autocar Professional on the sidelines of the Symposium on International Automotive Technology (SIAT), an event… Continue reading Incentives for e-2W not needed beyond a couple of years: Ather Energy’s Swapnil Jain
Okaya EV installs high-capacity chargers for Ayodhya Water Metro Project
Okaya EV has successfully commissioned high-capacity EV chargers for the Ayodhya Water Metro Project, a move aimed at boosting sustainable and efficient transportation for religious tourism. Equipped with 150 kWh CCS2 Super-Fast EV chargers, these stations support the eco-friendly boats operating between Guptar Ghat and Naya Ghat. The water metro service, managed by Cochin Shipyard… Continue reading Okaya EV installs high-capacity chargers for Ayodhya Water Metro Project
Toyota Kirloskar Motor to showcase advanced green technologies at Bharat Mobility Global Expo 2024
Toyota Kirloskar Motor (TKM) is set to participate in the Bharat Mobility Global Expo 2024, showcasing its advanced green technology lineup. The pavilion will feature battery electric and strong hybrid electric vehicles, fuel-cell electric vehicles, electrified flexi fuel vehicles, and CNG vehicles. Vikram Gulati, Country Head and Executive Vice President, Toyota Kirloskar Motor, speaking on… Continue reading Toyota Kirloskar Motor to showcase advanced green technologies at Bharat Mobility Global Expo 2024
CEAT reports Rs 181.3 consolidated net profit in Q3FY24 on healthy volumes
CEAT Limited reported a consolidated net profit of Rs 181.3 crore during Q3 FY24 as against Rs 34.8 crore reported in Q3FY23, translating into a year-on-year jump of 420.2%. On the other hand, the company’s operating revenues on other had increased by 8.7% to Rs 2,963.1 crore in Q3 FY24 in comparison to Rs 2,727.2… Continue reading CEAT reports Rs 181.3 consolidated net profit in Q3FY24 on healthy volumes
Volumes, realisation drive 37% YoY growth in Bajaj Auto’s Q3 net profit
Bajaj Auto Ltd today reported a 37 percent year-on-year growth in its standalone net profit for the October-December quarter as higher sales volume on a low base and a richer product mix helped the company improve its margins during the period. Net profit, operating profit, and revenue from operations during the quarter were the highest… Continue reading Volumes, realisation drive 37% YoY growth in Bajaj Auto’s Q3 net profit