Minda Corporation Limited, a leading automotive component manufacturer and the flagship company of Spark Minda, released its financial results for Q2 and H1 FY25, recording its highest-ever quarterly consolidated revenue of Rs. 1,290 crore, representing an 8% year-on-year growth. The company also achieved an EBITDA of Rs. 147 crore with an 11.4% margin, a 38… Continue reading Minda Corporation achieves record revenue in Q2 FY25
Category: US Motoring Press
Greaves Cotton aims for Rs 15,000 crore revenue by 2030 with new fuel-agnostic vision
Greaves Cotton Ltd. (GCL), which has transformed itself into a fuel-agnostic company from its single-cylinder diesel engines, is aspiring to achieve Rs 15,000 crore in revenue by 2030. It will be done through a blend of organic growth and strategic acquisitions, the company’s top management stated on Tuesday. “Greaves has transformed from a diesel engine… Continue reading Greaves Cotton aims for Rs 15,000 crore revenue by 2030 with new fuel-agnostic vision
Greaves Cotton standalone revenue up 2%, net profit down 68.75%in Q2FY25
Diversified engineering company, Greaves Cotton Ltd, reported a standalone revenue of Rs 467.52 crore in Q2FY25, marking a 1.95% increase from Rs 458.58 crore in September 2023. However, quarterly net profit declined significantly, down 68.75% to Rs 38.56 crore from Rs 123.40 crore in the same period last year. The company’s consolidated revenue for the… Continue reading Greaves Cotton standalone revenue up 2%, net profit down 68.75%in Q2FY25
Royal Enfield sees positive trend in demand post-festival season
After four consecutive months of decline in monthly wholesale volumes, Royal Enfield recorded growth in September and October, with festive demand propelling October monthly dispatches to the 1-lakh unit milestone. While strong festive demand usually tapers off post-festival season, the automaker is witnessing a positive trend in the demand and expects a positive trajectory. “Certainly,… Continue reading Royal Enfield sees positive trend in demand post-festival season
Lohum appoints former Exide Energy Chief Arun Mittal as CEO
Lohum has appointed Arun Mittal as the CEO, effective immediately. Mittal, who recently served at Exide Energy as the MD and CEO, brings nearly three decades of battery industry leadership. He spearheaded Exide’s lithium-ion technology initiatives for e-mobility applications and expanded the company’s presence in Southeast Asia. “I am committed to driving Lohum’s vision of fostering… Continue reading Lohum appoints former Exide Energy Chief Arun Mittal as CEO
Marelli launches AI-powered control unit for enhanced motorsport vehicle management
Marelli has introduced its latest AI-based Electronic Control Unit, the VEC_480, designed to manage engine and vehicle control in motorsport across a range of propulsion types, from traditional engines to electric systems. The VEC_480 is engineered to support real-time AI computation onboard and will debut at the Professional MotorSport World Expo in Cologne, Germany, on… Continue reading Marelli launches AI-powered control unit for enhanced motorsport vehicle management
Atul Greentech partners with HPCL to boost nationwide access to Electric Vehicles
Atul Greentech Private Limited (AGPL), a subsidiary of Atul Auto Limited, has announced a partnership with Hindustan Petroleum Corporation Limited (HPCL) to extend the reach of electric mobility in India. Through this collaboration, AGPL’s electric three-wheelers, ENERGIE and ENERGIE 2, will be marketed via HPCL’s HP GAS distributor network. This initiative aims to promote sustainable… Continue reading Atul Greentech partners with HPCL to boost nationwide access to Electric Vehicles
M&M appoints Meenakshi Priyam as Senior VP and HR Head (Designate) for automotive sector
Meenakshi Priyam has been appointed Senior Vice President and HR Head (Designate) for Mahindra Group’s automotive division, effective November 4, 2024. She takes over from Indrajeet Sengupta. She will report to Veejay Nakra, President, Automotive Division and Rohit Thakur, Chief Human Resource officer- Auto & Farm sector. Besides this, she will be responsible for bringing… Continue reading M&M appoints Meenakshi Priyam as Senior VP and HR Head (Designate) for automotive sector
VinFast retains leadership in Vietnam’s EV market with over 51,000 units sold in 2024
VinFast has delivered over 11,000 electric vehicles (EVs) in October, bringing its total sales for 2024 to more than 51,000 EVs. This performance has positioned VinFast as the top-selling automotive brand in Vietnam for both October and the first ten months of the year. The company remains confident in its ability to sustain its leadership… Continue reading VinFast retains leadership in Vietnam’s EV market with over 51,000 units sold in 2024
Eicher Motors Q2FY25 earnings: Consol net profit grows 8% on year
Eicher Motors Ltd on Wednesday posted 8% growth in its net profit for the second quarter on a year-on-year basis despite weakness in Royal Enfield sales volumes. The company clocked a net profit of Rs 1,100.3 crore as consolidated net profit for the quarter, up from Rs 1,016.3 crore in the year-ago period. Eicher Motors… Continue reading Eicher Motors Q2FY25 earnings: Consol net profit grows 8% on year