Tire manufacturer Goodyear India reported a profit before tax of Rs 21 crore for the second quarter ended September 30, 2024, down from Rs 51 crore in the same period last year. Revenue declined 1% to Rs 687 crore from Rs 695 crore in Q2 FY24. The company’s half-year profit before tax fell 47% to… Continue reading Goodyear India Q2 profit falls 59% amid volume drop, increase in inputs costs
Category: US Motoring Press
Rane Engine Valve reports nearly 4-fold jump in Q2FY25 profit
Rane Engine Valve Ltd, a major manufacturer of engine valves, guides and tappets, reported a 287.7% surge in net profit to ₹5.7 crore for the quarter ended September 30, 2024, compared to ₹1.5 crore in the same period last year. The company’s revenue rose 2.7% to ₹147.6 crore from ₹143.7 crore in Q2 FY24. The… Continue reading Rane Engine Valve reports nearly 4-fold jump in Q2FY25 profit
India hosts 7th G-STIC conference, spotlights biofuels and green hydrogen
The 7th Global Sustainable Technology & Innovation Community Conference (G-STIC) opened in New Delhi on October 23, bringing together policymakers and experts to discuss sustainable development technologies, with a particular focus on energy transition strategies. India’s Petroleum and Natural Gas Minister Hardeep Singh Puri highlighted the country’s progress in biofuel adoption during his inaugural address.… Continue reading India hosts 7th G-STIC conference, spotlights biofuels and green hydrogen
‘Expect the 2W growth momentum to continue in the festive season’: HMSI’s Yogesh Mathur
Japanese two-wheeler giant’s Indian arm Honda Motorcycle & Scooter India (HMSI), is bullish about the festive season to continue the growth momentum in the two-wheeler segment that has been registering strong recovery in CY2024. After peaking in FY2018-19, the two-wheeler category was badly hit in Covid due to buyer affordability challenges, and despite sales recovery, still continue… Continue reading ‘Expect the 2W growth momentum to continue in the festive season’: HMSI’s Yogesh Mathur
Sona Comstar to buy Escorts Kubota’s railway business for Rs 1,600 crore
In a bid to diversify into the broader mobility space, auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) is acquiring Escorts Kubota’s railway equipment business for Rs 1,600 crore “as a going concern on a slump sale basis.” Sona Comstar’s board approved the acquisition on Wednesday. The transaction, which is expected to be completed… Continue reading Sona Comstar to buy Escorts Kubota’s railway business for Rs 1,600 crore
Sona Comstar Q2 results: Consolidated net profit grows 16% YoY
Sona BLW Precision Forgings Ltd (Sona Comstar) has reported a 16% on-year growth in its net profit for the second quarter of financial year 2025 with a 17% increase in its revenue from operations. The Gurugram-based auto components maker clocked Rs 143.94 crore as consolidated net profit, against Rs 123.85 crore in the year-ago quarter.… Continue reading Sona Comstar Q2 results: Consolidated net profit grows 16% YoY
Uber Auto and Moto to contribute Rs 36,000 crores to India’s economy in 2024: Report
Uber, a prominent ride-hailing app in India, has published its 2024 India Economic Impact Report, prepared by research firm Public First. The report underscores Uber’s efforts on India’s on-demand economy. After over a decade of operation in the country, Uber has adapted its services to meet various travel needs, ranging from local commutes to intercity… Continue reading Uber Auto and Moto to contribute Rs 36,000 crores to India’s economy in 2024: Report
Terra Charge expands hospitality partnerships, Adds 64 new clients in 2024
Terra Charge, a charging point operator (CPO) and provider of charging infrastructure solutions, expanded its client base in 2024, adding 64 new partners in India and bringing its global total to over 200. The company has formed associations with well-known brands in the hospitality sector, including The Leela Palace Hotels and Resorts in Delhi, Hyatt… Continue reading Terra Charge expands hospitality partnerships, Adds 64 new clients in 2024
Ashok Leyland hosts ‘Mini Expo’ in Jamshedpur to showcase advanced medium and heavy commercial vehicles
Ashok Leyland, the flagship company of the Hinduja Group and a leading commercial vehicle manufacturer in India, organized a ‘Mini Expo’ in Jamshedpur to showcase its latest innovations in Medium and Heavy Commercial Vehicles (MHCV). Jamshedpur is one of 11 locations across India selected for this event, reflecting the company’s focus on customer engagement and… Continue reading Ashok Leyland hosts ‘Mini Expo’ in Jamshedpur to showcase advanced medium and heavy commercial vehicles
Rapido collaborates with IndoFast Energy to deploy 10,000 swappable Piaggio EVs across India
Rapido has announced a collaboration with IndoFast Energy, a joint venture between IndianOil and SUN Mobility, to deploy 10,000 Piaggio electric vehicles (EVs) with swappable batteries across India. As part of this project, IndoFast Energy plans to install over 100 battery swapping stations in Hyderabad and more than 200 stations in Bangalore by the end… Continue reading Rapido collaborates with IndoFast Energy to deploy 10,000 swappable Piaggio EVs across India