Bharat Forge Ltd reported a consolidated revenue of ₹3,689 crore in the second quarter of the financial year 2025, a 2.3% decrease year-on-year. The company reasoned European market challenges as one of the causes for this fall. The company’s net profit increased 13.2% to 243.2 crore from Rs 214.8 crore a year ago. EBITDA reached… Continue reading Bharat Forge consolidated net profit rises 13.5%, consolidated revenue falls 2.3% in Q2FY25
Category: US Motoring Press
KTM expands motorcycle portfolio in India with 10 new models across various segments
KTM has introduced a range of 10 high-performance motorcycles in India, covering four key segments: Naked, Travel, Off-road Enduro, and Off-road Motocross. These models include the KTM 1390 SuperDuke R, priced at Rs 22.96 lakh, the KTM 890Duke R at Rs 14.50 lakh, and the KTM 1290 SUPER Adventure S at Rs 22.74 lakh. Additionally,… Continue reading KTM expands motorcycle portfolio in India with 10 new models across various segments
Exide to commercialize Li-ion cell manufacturing with 6 GWh capacity by FY26 end
Battery major Exide Industries, which is nearing the completion of its lithium-ion cell battery manufacturing facility, expects to commercialize the plant with a capacity of 6 GWh under the first phase towards the end of the financial year 2026. “The construction work including the main cell, admin and warehouse buildings is closer to completion. Equipment… Continue reading Exide to commercialize Li-ion cell manufacturing with 6 GWh capacity by FY26 end
Audi India begins bookings for New Q7 SUV ahead of November launch
Audi India has announced the opening of bookings for its new Audi Q7 model, available with an initial booking fee of INR 2,00,000. Customers can reserve their vehicle through the Audi India website or the ‘myAudi connect’ app. The Audi Q7, locally assembled at the SAVWIPL plant in Aurangabad, is scheduled for its official launch… Continue reading Audi India begins bookings for New Q7 SUV ahead of November launch
IIT Kanpur and Zynetic collaborate to improve EV charging technology
The Indian Institute of Technology Kanpur (IITK) has entered into a Memorandum of Understanding (MoU) with Zynetic Electric Vehicles Charging Private Limited, a company involved in the development, operation, and management of electric vehicle (EV) charging stations. This partnership is intended to support the innovation and deployment of advanced AC and DC fast chargers for… Continue reading IIT Kanpur and Zynetic collaborate to improve EV charging technology
Rapido records 2.5x gross order value growth, 2x ride orders growth
Low-cost mobility platform Rapido, reported a 2.5 times increase in Gross Order Value (GOV) in the latest quarter to Rs 2,461 crores from Rs 977 Crores in Q2FY24. Additionally, the number of ride orders doubled, reaching 207 million compared to 106 million rides the previous year. The company attributed this growth to a larger user… Continue reading Rapido records 2.5x gross order value growth, 2x ride orders growth
Maxvolt Energy introduces new features to enhance electric two-wheeler battery safety
Lithium battery manufacturer, Maxvolt Energy Industries Ltd, introduced a new generation of electric two-wheeler (e2w) battery packs featuring advanced safety and performance enhancements. Designed to provide electric vehicle (EV) users with a safer, more efficient power source, these batteries are equipped with modern technology aimed at improving the overall EV experience. Maxvolt’s new battery lineup… Continue reading Maxvolt Energy introduces new features to enhance electric two-wheeler battery safety
Mahindra Thar Roxx, XUV 3XO and XUV400 ace Bharat NCAP crash test with 5-star rating
Leading SUV manufacturer, Mahindra & Mahindra Ltd’s latest models— the Thar ROXX, XUV 3XO, and XUV400 have each earned a 5-star rating from the Bharat New Car Assessment Programme (Bharat-NCAP). The Thar ROXX is the first body-on-frame SUV to receive a 5-star Bharat-NCAP rating, scoring the highest points for any internal combustion engine (ICE) vehicle… Continue reading Mahindra Thar Roxx, XUV 3XO and XUV400 ace Bharat NCAP crash test with 5-star rating
Scooters power two-wheeler industry’s best-ever October dispatches of 2.16 million units
The festive month of October 2024, which had both Dussehra and Diwali embedded in it, turned out to be the best-ever October volume-wise for the Indian two-wheeler industry. Understandably so, given that the leading vehicle manufacturers would have ensured that their dealers across the country were stocked with the best-selling and popular models, even as… Continue reading Scooters power two-wheeler industry’s best-ever October dispatches of 2.16 million units
Star cars from a century of British motoring
One of the most widely consequential inventions of all time – the self-propelled carriage – emerged in the mid-1880s from Germany, courtesy of Karl Benz and Gottlieb Daimler, and it was a business deal with the latter that sparked the British automotive industry into existence at an old cotton mill in Coventry. As the 20th… Continue reading Star cars from a century of British motoring