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
Category: US Motoring Press
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
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
Vajram Electric Ltd plans expansion to enhance manufacturing capacity and global reach
Vajram Electric Ltd, a key player in India’s electric vehicle (EV) manufacturing sector, is preparing to raise funds to support its expansion plan. The funds will be used to enhance its production capacity and upgrade its manufacturing facility to meet increasing demand for electric vehicles both domestically and internationally. As the global EV market grows,… Continue reading Vajram Electric Ltd plans expansion to enhance manufacturing capacity and global reach
Wardwizard dispatches customised electric Three-Wheeler to the Philippines as part of $1.29 Billion EV partnership
Wardwizard Innovations & Mobility Limited (WIML), an Indian electric vehicle manufacturer under the ‘Joy e-bike’ and ‘Joy e-rik’ brands, has dispatched a customised electric three-wheeler, the e-Trike (Driver + 10), to the Philippines. This vehicle is part of a USD 1.29 billion order from Beulah International Development Corporation, aimed at enhancing public transportation in the… Continue reading Wardwizard dispatches customised electric Three-Wheeler to the Philippines as part of $1.29 Billion EV partnership
Borzo expands with new 3-Wheeler and Truck delivery service
Borzo (formerly WeFast), a global intracity same-day delivery service, has launched a 3-wheeler and truck delivery service, marking an expansion into the larger delivery segment. This move aims to cater to heavier shipments and offer more flexibility for businesses in key metro cities. The new delivery service will initially be available in Mumbai, with plans… Continue reading Borzo expands with new 3-Wheeler and Truck delivery service
Siemens Innovation Day 2024 showcases AI & Industrial Metaverse technologies
Innovation Day 2024, Siemens Limited India presented a series of technology solutions, partnerships, and expert discussions aimed at advancing digitalization and sustainability in India’s industry, infrastructure, and mobility sectors. The event included sessions on topics like the Industrial Metaverse, Digital Twin, Cybersecurity, Generative AI in manufacturing, AI for data centers, and energy-efficient technology for infrastructure.… Continue reading Siemens Innovation Day 2024 showcases AI & Industrial Metaverse technologies
JK Tyre Joins RE100, targeting for 100% renewable electricity and carbon neutrality by 2050
JK Tyre & Industries, a prominent tyre manufacturer in India, has joined RE100, focusing to achieve 100% renewable electricity use by 2050 as part of its sustainability goals. With this step, JK Tyre becomes the first Indian tyre company and the 16th Indian business to join the RE100 initiative. To reach this target, JK Tyre… Continue reading JK Tyre Joins RE100, targeting for 100% renewable electricity and carbon neutrality by 2050
Toyota Kirloskar Motor unveils special limited editions for Glanza, Urban Cruiser Taisor, and Hyryder
Toyota Kirloskar Motor (TKM) has introduced Special Limited Editions of its Glanza, Urban Cruiser Taisor, and Urban Cruiser Hyryder models, available with year-end offers. Following the response to the Festival Limited Editions, these Special Limited Editions include Toyota Genuine Accessory (TGA) packages, allowing customers to personalise their vehicles with additional style and functionality. Buyers can… Continue reading Toyota Kirloskar Motor unveils special limited editions for Glanza, Urban Cruiser Taisor, and Hyryder
Rajiv Rawat joins Stellantis IAP as Head of B2B Business for India and Asia Pacific
Rajiv Rawat has joined Stellantis IAP (India and Asia Pacific countries) as Head of B2B Business, effective November 11, 2024. Bringing over 24 years of automotive industry experience, Rajiv has held various roles at Tata Motors, Hyundai Motors, Volkswagen Group, and the Jeep Brand. Known for his expertise in business development, brand management, and sales… Continue reading Rajiv Rawat joins Stellantis IAP as Head of B2B Business for India and Asia Pacific