ChargePoint, a major EV charging solutions provider, partnered with HCLTech to open a software development center in Bengaluru on February 6, 2025, expanding its technology operations in India. The new research and development facility will focus on developing EV charging software solutions, with HCLTech providing engineering support through an agile development model. ChargePoint CEO Rick… Continue reading ChargePoint Opens R&D Center in Bengaluru with HCLTech Partnership
Category: US Motoring Press
Spark Minda Reports 23.5% PAT Growth in Q3 FY25; Nine-Month Profits Up 30%
Spark Minda Limited, a leading automotive components manufacturer, has reported robust financial results for both the third quarter and first nine months of fiscal year 2025, demonstrating consistent growth across key metrics. In the third quarter of FY25, the company recorded a consolidated revenue of Rs. 1,253 Crore, marking a 7.4% increase compared to the… Continue reading Spark Minda Reports 23.5% PAT Growth in Q3 FY25; Nine-Month Profits Up 30%
Hero MotoCorp Reports 12% Profit Growth in Q3, Announces Rs 100 Interim Dividend
Hero MotoCorp’s net profit in the third quarter of FY2025 grew by 12% on-year to Rs. 1,203 crore on revenues of Rs. 10,211 crore. The company’s board has declared an interim dividend of Rs. 100 per share. The company’s revenue from operations grew by 5% compared to the same quarter last year, marking the third… Continue reading Hero MotoCorp Reports 12% Profit Growth in Q3, Announces Rs 100 Interim Dividend
Motherson Sumi Wiring Posts 10% Revenue Growth in Q3 FY25; Profit at Rs 140 Crores
Motherson Sumi Wiring reported revenue from operations of Rs 2,325.64 crores for Q3 FY2025, marking a 10% increase from Rs 2,114.53 crores in the corresponding quarter of the previous year. The growth was primarily driven by strong demand in the automotive sector and improved operational efficiency. The quarterly profit before tax stood at Rs 202.72… Continue reading Motherson Sumi Wiring Posts 10% Revenue Growth in Q3 FY25; Profit at Rs 140 Crores
Apollo Tyres Posts ₹4,645.81crores Q3 Profit Amid Global Market Challenges
The company reported quarterly revenue from operations of ₹69,279.54 crores, marking a substantial increase from ₹65,953.89 crores in the corresponding quarter of the previous year. For the nine months ended December 31, 2024, the total revenue reached ₹196,998.30 crores, compared to ₹191,195.14 crores in the same period last year. Operating expenses saw careful management during… Continue reading Apollo Tyres Posts ₹4,645.81crores Q3 Profit Amid Global Market Challenges
Volkswagen to Launch €20,000 Electric Car, Marking Major Shift in Strategy
Volkswagen plans to enter the budget electric vehicle market with a €20,000 model, marking its most ambitious electrification move yet. The German automaker will preview the vehicle in March, with production set for 2027. The announcement came during a works meeting at Volkswagen’s Wolfsburg headquarters, where CEO Thomas Schäfer outlined the company’s electric future. “This… Continue reading Volkswagen to Launch €20,000 Electric Car, Marking Major Shift in Strategy
Eurogrip Tyres Makes US Debut at Las Vegas Powersports Show
Indian tyre manufacturer Eurogrip has launched its entry into the American two-wheeler market at this year’s AIM Expo in Las Vegas. The company unveiled its flagship range of motorcycle tyres at the powersports industry show, which opened on February 5th at the Las Vegas Convention Centre. The Mumbai-based manufacturer is showcasing six models from its… Continue reading Eurogrip Tyres Makes US Debut at Las Vegas Powersports Show
BorgWarner to Supply Transfer Cases to SAIC Maxus for Export Vehicles
BorgWarner announced it will provide transfer cases to SAIC Maxus for its export vehicles, with production scheduled to begin in Q3 2026 in China. The deal comes at a time when Chinese automakers are aggressively expanding their global footprint, particularly in emerging markets. SAIC Maxus, a subsidiary of China’s largest automaker SAIC Motor, has been… Continue reading BorgWarner to Supply Transfer Cases to SAIC Maxus for Export Vehicles
FlixBus India Launches Electric Bus Service on Hyderabad-Vijayawada Route
FlixBus India marked its first anniversary by introducing electric bus service between Hyderabad and Vijayawada, partnering with ETO Motors for the initiative. Telangana Transport Minister Ponnam Prabhakar flagged off the service at ITC Kakatiya, Hyderabad, in the presence of German Embassy Counsellor Alexander Reck and FlixBus India Managing Director Surya Khurana. The company will start… Continue reading FlixBus India Launches Electric Bus Service on Hyderabad-Vijayawada Route
Exicom Reports Q3 FY25 Results: Revenue Up 28% QoQ, EV Charging Division Shows Growth
Electric vehicle charging solutions provider Exicom posted mixed results for the third quarter of fiscal year 2025, with consolidated revenues rising 28% quarter-over-quarter to Rs 197 crore, though falling short of year-ago figures. The company faced margin pressure, with gross margins declining 2.8% from the previous quarter due to changes in its Critical Power business… Continue reading Exicom Reports Q3 FY25 Results: Revenue Up 28% QoQ, EV Charging Division Shows Growth