India’s shift from petrol, diesel, and CNG vehicles to electric mobility is picking up pace, with three-wheelers leading the charge. According to April 2025 retail data from the Federation of Automobile Dealers Associations (FADA), electric vehicles have gained over 60% market share in the three-wheeler market, marking the strongest EV adoption across all vehicle categories.… Continue reading Three-wheelers Lead India’s EV Push With Over 60% Market Share in April
Category: US Motoring Press
Sundaram Clayton Posts Growth in Profit, Expands Operations with New Mega Casting Facility in Chennai
Sundaram Clayton Limited (SCL), a prominent player in the aluminium die-casting sector, has reported a rise in profitability for the financial year 2024–25, along with significant operational milestones including the launch of a new mega casting facility in Chennai. For the year ended March 2025, SCL recorded a revenue of ₹2,109.14 crore, slightly up from… Continue reading Sundaram Clayton Posts Growth in Profit, Expands Operations with New Mega Casting Facility in Chennai
Daewoo Lubricants’ Expansion Plans in the Indian Market
In this video interview, Vineet Singh, Director, Strategy and Growth, Daewoo Lubricants (India) outlines the company’s roadmap to capture a 2% market share by FY26 with its range of highly advanced and localised products. On April 29, Korea’s Daewoo partnered India’s Mangali Industries to foray into the area of automotive lubricants in India. Daewoo Lubricants… Continue reading Daewoo Lubricants’ Expansion Plans in the Indian Market
Tenneco Names Arvind Chandra as New India CEO
Tenneco, a global automotive supplier, has appointed Arvind Chandra as Chief Executive Officer of its India operations, the company announced Tuesday. Chandra will oversee all divisions under Tenneco India, including Clean Air, Monroe Ride Solutions, Champion Ignition, and Powertrain businesses. The appointment comes as Tenneco continues to position India as a strategic growth market within… Continue reading Tenneco Names Arvind Chandra as New India CEO
Fuel-Tech Platform Nawgati Secures $2.5 Million in Pre-Series A Funding
Nawgati, an Indian fuel-tech platform, has secured $2.5 million in pre-series A funding led by stock market investor Ajay Upadhyaya. The round included participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and several angel investors including former Accenture MD Sanjay Sharma. The company plans to use the funds to expand globally while… Continue reading Fuel-Tech Platform Nawgati Secures $2.5 Million in Pre-Series A Funding
Trump tariffs: car makers struggle to mitigate loss of billions in profit
Car makers with exposure to the giant US car market are scrabbling for solutions to mitigate the predicated loss of billions in profits as a result of the sudden and highly punitive tariffs imposed by president Donald Trump. General Motors said it had “pulled out the Covid playbook” in a bid to reduce costs after… Continue reading Trump tariffs: car makers struggle to mitigate loss of billions in profit
Ather Energy Lists at Premium of 2%
Ather Energy Ltd today listed at premium of 2.18% at Rs 328 on the National Stock Exchange, lull. On BSE the stock was listed at a premium of 1.6% at Rs 326.05, before giving up the gains to trade at around Rs 310, down 3% over the issue price. Ather Energy entered the public markets… Continue reading Ather Energy Lists at Premium of 2%
Ather Energy IPO: What Are the Prospects for the Stock?
Bengaluru-based Ahter Energy has got off to a muted start to its life as a listed entity, with the stock trading flat compared to the issue price of Rs 321. We examine the strengths and weaknesses of this R&D-focused EV maker, and assess the stock’s long-term prospects. The Bull Case On the positive side, Ather… Continue reading Ather Energy IPO: What Are the Prospects for the Stock?
KPIT Technologies Acquires Caresoft Global’s Engineering Solutions Business
KPIT Technologies Ltd., a global leader in mobility solutions, announced today the acquisition of Caresoft Global’s Engineering Solutions Business to deliver enhanced cost optimization and innovative engineering solutions to trucks, off-highway, and mobility players amid intensifying industry disruption. The acquisition comes as automotive manufacturers face mounting challenges from tariff uncertainties, strained supply chains, and increasing… Continue reading KPIT Technologies Acquires Caresoft Global’s Engineering Solutions Business
Sonalika Tractors Records 11,962 Sales in April, Sets FY’26 Growth Path
India’s leading tractor export brand, Sonalika Tractors, recorded 11,962 overall tractor sales in April 2025, marking a strong start to FY’26. The company continues its farmer-centric strategy, customizing its heavy-duty tractors to meet regional needs and enhance agricultural productivity. Sonalika has launched the ‘Sonalika Toofani Dhamaka’ offer, providing farmers with the opportunity to purchase tractors… Continue reading Sonalika Tractors Records 11,962 Sales in April, Sets FY’26 Growth Path