Hyundai Motor India Ltd. (HMIL) today announced the enhancement of interior and exterior colour options for its flagship model Hyundai IONIQ 5. The all-electric SUV is now offered in four exterior colours including Titan Grey and two interior colour options including Obsidian Black. Tarun Garg, COO, Hyundai Motor India Ltd., said, “At Hyundai Motor India, we… Continue reading Hyundai offers IONIQ 5 with new colour options
Category: US Motoring Press
Popular Vehicles clocks Rs 4,275 crore in 9M FY24, registers 19% growth
Popular Vehicles and Services, one of India’s leading fully-integrated automotive dealership players has reported its financial results for the quarter and nine months – April 2023 to December 2023 – ended December 31, 2023. The company reported 19.4% growth in 9M FY24 period and clocked Rs 4,275 crore in revenues (9M FY23: Rs 3,581.6 crore).… Continue reading Popular Vehicles clocks Rs 4,275 crore in 9M FY24, registers 19% growth
EMPS Effect: prices of Bajaj, TVS, Vida, Ather increase by up to Rs 16,000
The new EMPS (Electric Mobility Promotion Scheme) has come into effect from April 1 and nearly all Indian electric two-wheeler manufacturers have revised the prices of their products. Here’s the detailed break-up of the three largest players. The Rs 500 crore new scheme ensures incentives for electric two and three-wheelers sold post the expiry of… Continue reading EMPS Effect: prices of Bajaj, TVS, Vida, Ather increase by up to Rs 16,000
SAIC’s MG Motor India to bring in new investors: Report
China’s SAIC Motor Corp Ltd said its MG brand would be bringing in local investors in India to create a more favourable operating environment in the world’s third-largest auto market, Reuters reported. JSW Ventures, part of the JSW conglomerate, plans to buy a 35% stake in MG Motor India for Rs 3,580 crore ($430 million).… Continue reading SAIC’s MG Motor India to bring in new investors: Report
JLR Q4 sales up 11% to 114,038 units
Indian automaker Tata Motors said on Monday its Jaguar Land Rover’s fourth-quarter sales rose 11% from a year earlier to 114,038 units, on the back of increased production and sustained global demand. Full-year sales for the financial year 2024 also climbed 22% to 431,733 units, the company said in a statement. By brand, compared to… Continue reading JLR Q4 sales up 11% to 114,038 units
SKF appoints Mukund Vasudevan as MD- India and President for Industrial Region, India and SE Asia
SKF has appointed Mukund Vasudevan as MD- India and President for Industrial Region, India and South East Asia, effective today. He succeeds Fredrik Hallen, the Acting President for Industrial Region ISEA. Vasudevan has 33 years of work experience managing various enterprises at companies such as Pentair, Ecolab, and McKinsey. In his previous role, he served as… Continue reading SKF appoints Mukund Vasudevan as MD- India and President for Industrial Region, India and SE Asia
Indian road logistics industry revenues to grow at 3-6% in FY2025: ICRA
ICRA expects the revenues of the Indian road logistics industry to remain range-bound and grow at a pace of 3-6% in FY2025, given the limited ability of players to increase freight rates. Other factors are the expected softening in government capex during the elections (given the Model Code of Conduct requirements), and moderation in consumer… Continue reading Indian road logistics industry revenues to grow at 3-6% in FY2025: ICRA
MG Motor India, Adani TotalEnergies E-Mobility partner to strengthen EV charging infrastructure
Adani TotalEnergies E-Mobility Limited (ATEL), a fully owned subsidiary of Adani Total Gas Limited (ATGL) and MG Motor India, have signed a Memorandum of Understanding (MoU) to strengthen the EV charging infrastructure in India. As part of this agreement, Adani TotalEnergies E-Mobility Limited will set up CC2 60 kW DC chargers at upcoming MG dealerships.… Continue reading MG Motor India, Adani TotalEnergies E-Mobility partner to strengthen EV charging infrastructure
Bengaluru-based Ionage plans to onboard 1 lakh EV chargers on its platform by 2028
Bangaluru-based EV charging aggregator platform – Ionage – has revealed its ambitious expansion plans, with the company eyeing to onboard over 100,000 EV chargers located across the country, on its platform by CY2028. The company, which presently has around 3,000 nationwide EV charging points integrated on its mobile application, aims to double the number soon.… Continue reading Bengaluru-based Ionage plans to onboard 1 lakh EV chargers on its platform by 2028
Freudenberg India registers 11% growth in CY23 to clock Rs 3,803 crore in revenues
Freudenberg India, which is the local arm of the European Tier-1 major that is a key supplier of automotive components such as sealing-, vibration-and-acoustic systems, filtration devices, as well as performance materials, has registered an 11 percent growth in CY23 to clock Rs 3,803 crore in revenues (CY22: Rs 3,431 crore). Freudenberg India’s profit margin… Continue reading Freudenberg India registers 11% growth in CY23 to clock Rs 3,803 crore in revenues