Ashok Leyland Limited has announced that its Board of Directors has approved investments in two of its wholly-owned subsidiaries, Vishwa Buses and Coaches Ltd (VBCL) and OHM Global Mobility Private Limited, during a meeting held on August 14, 2025, at 1:35 PM IST. The proposed investments, subject to necessary approvals and regulatory requirements, are aimed… Continue reading Ashok Leyland Approves ₹300 Crore Investment in OHM Global Mobility, ₹5.70 Crore in VBCL
Category: US Motoring Press
MATTER Launches Nationwide Fast Charging Network, Unveils ‘Right to Charging’ Initiative
On the occasion of India’s 79th Independence Day, MATTER, an electric vehicle and energy solutions startup, announced the launch of its nationwide fast charging network, the MATTER Energy Fast Charge Network, as part of a broader initiative called the ‘Right to Charging’ campaign. The company stated that the initiative aims to expand access to electric… Continue reading MATTER Launches Nationwide Fast Charging Network, Unveils ‘Right to Charging’ Initiative
SANY India Launches SY35U PRO Excavator Ahead of Independence Day
SANY India has launched the SY35U PRO, a 3.5-ton hydraulic excavator, as part of its product expansion in the compact equipment segment. The launch coincides with India’s 78th Independence Day and underscores the company’s focus on supporting national infrastructure development through locally manufactured machinery. The SY35U PRO is engineered for performance and durability in diverse… Continue reading SANY India Launches SY35U PRO Excavator Ahead of Independence Day
Amara Raja Energy & Mobility Q1 Net Profit Falls 33.8% YoY
Amara Raja Energy & Mobility Ltd reported a consolidated net profit of ₹164.8 crore for the quarter ended June 30, 2025, down 33.8% from ₹249.1 crore in the year-ago period. Sequentially, profit rose 2% from ₹161.57 crore in the March 2025 quarter. Revenue from operations stood at ₹3,401.1 crore, an increase of 4.2% over ₹3,263.05… Continue reading Amara Raja Energy & Mobility Q1 Net Profit Falls 33.8% YoY
Ashok Leyland Q1 Revenue Rises 10% to ₹8,725 Crore; Profit Up 13%
Ashok Leyland, the Indian flagship of the Hinduja Group, reported a record first quarter, achieving its highest-ever commercial vehicle (CV) volumes at 44,238 units, up 2% year-on-year (YoY), and its highest Q1 revenue at ₹8,725 crore, up 10% YoY. The company also posted its highest quarterly EBITDA of ₹970 crore, a 6.5% increase from ₹911… Continue reading Ashok Leyland Q1 Revenue Rises 10% to ₹8,725 Crore; Profit Up 13%
Ashok Leyland Q1 Revenue Rises 10% to ₹8,725 Crore; Profit Up 13%
Ashok Leyland, the Indian flagship of the Hinduja Group, reported a record first quarter, achieving its highest-ever commercial vehicle (CV) volumes at 44,238 units, up 2% year-on-year (YoY), and its highest Q1 revenue at ₹8,725 crore, up 10% YoY. The company also posted its highest quarterly EBITDA of ₹970 crore, a 6.5% increase from ₹911… Continue reading Ashok Leyland Q1 Revenue Rises 10% to ₹8,725 Crore; Profit Up 13%
Gulf Oil Q1 Revenue Crosses ₹1,000 Crore; Highest-Ever Quarterly Volume, Revenue, and EBITDA
Gulf Oil Lubricants India Ltd, part of the Hinduja Group, posted its highest-ever quarterly volume, revenue, and EBITDA in Q1 FY26, with consolidated revenue rising 13.69% year-on-year to ₹1,016.45 crore. Consolidated profit after tax (PAT) increased 12.90% to ₹95.17 crore, while earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 12.29% to ₹127.39 crore. EBITDA… Continue reading Gulf Oil Q1 Revenue Crosses ₹1,000 Crore; Highest-Ever Quarterly Volume, Revenue, and EBITDA
Montra Electric Opens First e-SCV Outlet in Coimbatore with TVS
Montra Electric has launched its first Small Commercial Vehicle (e-SCV) dealership in Coimbatore, marking its entry into one of Tamil Nadu’s major industrial and logistics centers. The dealership is operated by TVS Vehicle Mobility Solution Pvt. Ltd. as a channel partner, under a strategic collaboration aimed at expanding electric vehicle adoption in the commercial transport… Continue reading Montra Electric Opens First e-SCV Outlet in Coimbatore with TVS
Bajaj Chetak production plunges by 47% in July due to shortage of rare earth magnets
Bajaj Auto, which was amongst the first Indian automakers to raise a red flag about the impending adverse impact of the shortage of supplies of rare earth magnets from China, has seen production of its Chetak electric scooter fall sharply by 47% year-on-year in July 2025. As per the latest production data released by apex… Continue reading Bajaj Chetak production plunges by 47% in July due to shortage of rare earth magnets
Bajaj Chetak production plunges by 47% in July due to shortage of rare earth magnets
Bajaj Auto, which was amongst the first Indian automakers to raise a red flag about the impending adverse impact of the shortage of supplies of rare earth magnets from China, has seen production of its Chetak electric scooter fall sharply by 47% year-on-year in July 2025. As per the latest production data released by apex… Continue reading Bajaj Chetak production plunges by 47% in July due to shortage of rare earth magnets