Homegrown tyre maker Apollo Tyres reported close to a four-fold increase in consolidated profit at Rs 427 crore, for the fourth quarter ended March 31, 2023. The company had posted Rs 113 crore consolidated net profit in the same period last fiscal. The company’s revenue from operations was up 12%, at Rs 6,247 crore, as… Continue reading Apollo Tyres PAT zooms 4-fold at Rs 427 crore in Q4
Category: US Motoring Press
Castrol India reports 11% drop in PAT at Rs 208 crore in 1Q 2023
Automotive and industrial lubricant manufacturing company Castrol has reported an 11 percent decline in profit after tax of Rs 203 crore, for the quarter ended March 31, 2023. The company had reported a profit after tax of Rs 228 crore in the same quarter in CY2022. The company has reported a 5 percent jump in… Continue reading Castrol India reports 11% drop in PAT at Rs 208 crore in 1Q 2023
New Volvo EX30 to be revealed on 7 June
Volvo has given us our best look yet at its upcoming EV – now confirmed to be called the Volvo EX30. It’ll sit below the XC40 Recharge in the firm’s expanding all-electric SUV line up. As Volvo’s entry-level electric SUV, the EX30 will still feature the chunky design language seen on the Swedish brand’s other… Continue reading New Volvo EX30 to be revealed on 7 June
Gabriel partners with Inalfa Roof Systems for local sunroof manufacturing at Chennai
Gabriel India, ANAND Group’s flagship company, has signed a Technical Collaboration and Alliance agreement with Inalfa Roof Systems to manufacture sunroofs for the Indian automotive market. Inalfa Roof Systems is a US$1.5 billion Dutch roof systems provider for the automotive and truck industry. Gabriel India aims to invest Rs 170 crore into the technical collaboration… Continue reading Gabriel partners with Inalfa Roof Systems for local sunroof manufacturing at Chennai
‘Skoda aims to bring Enyaq in FY24 to India’: Petr Solc, Brand Director, Skoda Auto India
Skoda aims to bring in the Enyaq EV in the current fiscal year. That’s the word coming in from Petr Solc, Brand Director, Skoda Auto India. “We will start with the Enyaq which we will bring in the current fiscal year, and then we would like to test the market and if the market is… Continue reading ‘Skoda aims to bring Enyaq in FY24 to India’: Petr Solc, Brand Director, Skoda Auto India
Kia launches Sonet Aurochs Edition at Rs 11.85 lakh
Kia has launched the Sonet Aurochs Edition at a starting price of Rs 11.85 lakh (ex-showroom). This new edition is based on the HTX trim level and is available with the 1.0-litre turbo-petrol and the 1.5-litre turbo-diesel engines. The Aurochs Edition sits between the HTX and HTX+ trims in the Sonet’s variant line-up. Here’s a break-up of the… Continue reading Kia launches Sonet Aurochs Edition at Rs 11.85 lakh
FADA voices concern about illegal sale of two-wheelers by unauthorised multi-brand outlets
The Federation of Automobile Dealers Associations (FADA), in collaboration with the Delhi and Mumbai State Transport Department, has expressed concern over the illegal practice of unauthorised multi-brand outlets (MBOs) selling two-wheelers. FADA has reported that these MBOs are acquiring unregistered vehicles in bulk from dealers and reselling them to customers at discounted rates, higher than the prices offered by… Continue reading FADA voices concern about illegal sale of two-wheelers by unauthorised multi-brand outlets
Editor’s letter: Is anybody listening to Carlos Tavares?
As well as being perhaps the most influential car company boss in Europe, Carlos Tavares of Stellantis is its most quotable. Earlier this week, he spent two days in Luton at the Vauxhall van factory for a business review (“you’re never short of things to improve…”) before sitting down with a small group of journalists… Continue reading Editor’s letter: Is anybody listening to Carlos Tavares?
Seat could ditch cars by 2030 as part of radical reposition
Seat could ditch cars entirely by the end of the decade, bosses have told Autocar, and rebrand itself as an urban mobility brand targeting young people. The Spanish manufacturer, whose only EV is the £5,800 Mó scooter (pictured below), would also look at other aspects of “mobility solutions”, such as microcars and bikes, ahead of the European… Continue reading Seat could ditch cars by 2030 as part of radical reposition
‘A £22k Skoda EV could be a genuine game changer’
I fear that in the final week of April, our much-loved world of motor cars, motorists, motoring and manufacturing went ever so slightly mad. But bonkers doesn’t necessarily mean bad. And Skoda proved this by doing what some of its rivals might consider insane: actually telling the truth (we hope); doing away with the usual… Continue reading ‘A £22k Skoda EV could be a genuine game changer’