Pune-based KPIT Technologies, which is an independent software integration solutions provider for automotive and mobility industry has announced its Q1 (April to June 2023) FY24 financial results, with the company registering a noticeable 51.7 percent year-on-year (YoY) growth as its revenues touched US $133.9 million or Rs 1,095 crore. The company has also reported almost… Continue reading KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth
Category: US Motoring Press
Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Hendrickson, a leading global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions and other commercial vehicle systems, has launched its innovative air and mechanical suspensions and axles for trailer applications in India. These suspensions will be manufactured locally as part of the Make in India initiative of the Government of India.… Continue reading Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Hendrickson, a leading global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions and other commercial vehicle systems, has launched its innovative air and mechanical suspensions and axles for trailer applications in India. These suspensions will be manufactured locally as part of the Make in India initiative of the Government of India.… Continue reading Hendrickson launches air and mechanical suspensions and axles for trailer applications in India
Mahindra & Mahindra inaugurates dealership in Thane
Mahindra & Mahindra, the SUV maker in India, today inaugurated its latest dealership in Thane, Arnav Automobiles, extending its presence in the region. The new dealership will offer the entire range of Mahindra’s SUVs and commercial vehicle range. The SUV range includes the All-New Thar, Scorpio-N, Scorpio Classic, XUV700, XUV300, Bolero and Bolero Neo. The dealership… Continue reading Mahindra & Mahindra inaugurates dealership in Thane
Tata Motors reports net profit of Rs 3,203 crore in Q1FY24
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
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