Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. He has also been an entrepreneur and a… Continue reading Satyen Sail joins as Mobility Business Head at Magenta Mobility
Category: US Motoring Press
Escorts Kubota Q4 profit up 14% at Rs 216.5 crore
Tractor and construction machinery major Escorts Kubota on Wednesday reported a 14% growth in its consolidated net profit at Rs 216.5 crore for the quarter ended March 2023, as against a profit of Rs 190 crore in the corresponding quarter of the previous year. Meanwhile, the company’s consolidated revenue from operations grew 17.4% at Rs 2,214.5… Continue reading Escorts Kubota Q4 profit up 14% at Rs 216.5 crore
Six popular SUVs to get facelifts in the next nine months
In the coming months, there are comprehensive facelifts lined up for some of India’s most popular compact and midsize SUVs. This includes the likes of the Tata Nexon, Harrier and Safari, the Kia Seltos and Sonet, and even the Hyundai Creta. While some of these SUVs will see major cosmetic or feature upgrades, some are… Continue reading Six popular SUVs to get facelifts in the next nine months
MG Motor plans to Indianise the company, divest majority stake to Indian partners and raise over Rs 5,000 crore
MG Motor India, the British brand owned by China’s largest car maker Shanghai Automotive plans to divest a majority stake in its operation and it is in talks with potential Indian partners. The deal for the same will be announced in 2023. Eventually, the company is open to listing on stock exchanges as well. The… Continue reading MG Motor plans to Indianise the company, divest majority stake to Indian partners and raise over Rs 5,000 crore
MG Motor plans to Indianise the company, dilute majority stake to Indian partners and raise over Rs 5,000 crore
MG Motor India, the British brand owned by China’s largest car maker Shanghai Automotive plans to divest a majority stake in its operation and it is in talks with potential Indian partners. The deal for the same will be announced in 2023. Eventually, the company is open to listing on stock exchanges as well. The… Continue reading MG Motor plans to Indianise the company, dilute majority stake to Indian partners and raise over Rs 5,000 crore
Coming of age
The late 90s was the begining of a new era for the Indian automotive industry. In hindsight, one would think that participation in the 1998 Auto Expo was a guarantee for success for a new automotive brand or products. That landmark Expo saw Hyundai Motor announce its India entry, Tata Motors unveil the historic Indica… Continue reading Coming of age
Coming of age
The late 90s was the begining of a new era for the Indian automotive industry. In hindsight, one would think that participation in the 1998 Auto Expo was a guarantee for success for a new automotive brand or products. That landmark Expo saw Hyundai Motor announce its India entry, Tata Motors unveil the historic Indica… Continue reading Coming of age
A tale of two Hondas
The Indian passenger-vehicle and two-wheeler segments are witnessing action heat up, with both Indian and foreign brands intensifying their assault with a range of products that cater to the unique needs of the market. While Honda, which is a trustworthy name in the country, has had a robust past in both the vehicle categories it… Continue reading A tale of two Hondas
A tale of two Hondas
The Indian passenger-vehicle and two-wheeler segments are witnessing action heat up, with both Indian and foreign brands intensifying their assault with a range of products that cater to the unique needs of the market. While Honda, which is a trustworthy name in the country, has had a robust past in both the vehicle categories it… Continue reading A tale of two Hondas
Switch to agency model raises Mercedes’ average sale price
Mercedes-Benz’s switch to the direct sales ‘agency’ model in the UK from 1 January has helped increase the average sale price of its cars, said the company. In the direct sales model, Mercedes assumes responsibility for setting pricing and selling cars, taking over from the dealer. The dealer accepts a fixed fee per sale for acting as… Continue reading Switch to agency model raises Mercedes’ average sale price