Carraro India Limited announced its financial results for the year ended March 31, 2025, reporting a net profit of Rs 861.87 million, representing a 42% increase from Rs 605.81 million in the previous year. The Board of Directors has recommended a final dividend of Rs 4.55 per equity share, subject to shareholder approval at the… Continue reading Carraro India Reports Strong FY25 Performance, Recommends Rs 4.55 Dividend Per Share
Category: US Motoring Press
LANXESS Reports Strong Start to FY2025 with 32% Surge in Earnings
LANXESS, a global player in the specialty chemicals sector, has begun the fiscal year 2025 with a sharp uptick in earnings, reporting a 31.7% increase in EBITDA pre exceptionals to EUR 133 million in Q1, up from EUR 101 million during the same period last year. The company cited enhanced operational efficiency and savings under… Continue reading LANXESS Reports Strong Start to FY2025 with 32% Surge in Earnings
Jupiter Electric Mobility Partners with Pickkup to Deploy 300 Electric Vehicles
Jupiter Electric Mobility, the electric vehicle division of Jupiter Wagons Limited, has signed a memorandum of understanding with Pickkup to deploy 300 JEM TEZ electric light commercial vehicles by year-end. The partnership aims to expand electric vehicle adoption in India’s logistics sector. The collaboration follows pilot testing that demonstrated the JEM TEZ vehicles can achieve… Continue reading Jupiter Electric Mobility Partners with Pickkup to Deploy 300 Electric Vehicles
Jupiter Electric Mobility Partners with Pickkup to Deploy 300 Electric Vehicles
Jupiter Electric Mobility, the electric vehicle division of Jupiter Wagons Limited, has signed a memorandum of understanding with Pickkup to deploy 300 JEM TEZ electric light commercial vehicles by year-end. The partnership aims to expand electric vehicle adoption in India’s logistics sector. The collaboration follows pilot testing that demonstrated the JEM TEZ vehicles can achieve… Continue reading Jupiter Electric Mobility Partners with Pickkup to Deploy 300 Electric Vehicles
India BEV Sales Grow 22% in Q1 2025, But Underperform Global Growth
India’s battery electric vehicle (BEV) market posted solid growth in the first quarter of 2025, with sales reaching 31,661 units, a 22% increase from 25,842 units in the same period last year. However, the country’s performance lagged behind the 42% global surge in BEV sales to 2.66 million units, driven by robust demand in markets… Continue reading India BEV Sales Grow 22% in Q1 2025, But Underperform Global Growth
India Should Seize the Opportunity to Build Local Manufacturing Ecosystem for EV Components
The increasing impact of climate change has forced nations to consider a transition towards sustainable mobility. With 1.4 billion people and a high concentration of population in urban centres, the problem is even more prominent for us. Thus, India is rightly on a path to adopt e-mobility. According to the Federation of Automobile Dealers Associations… Continue reading India Should Seize the Opportunity to Build Local Manufacturing Ecosystem for EV Components
Lynk & Co 08 Plug-In Hybrid Introduced in Europe with Up to 200 km Electric Range
Lynk & Co has announced the launch of its new plug-in hybrid model, the 08, across selected European markets. Featuring a WLTP-certified electric-only range of up to 200 kilometres, the 08 is designed to offer extended electric mobility alongside a total driving range of over 1,000 kilometres with hybrid support. The 08 is available in… Continue reading Lynk & Co 08 Plug-In Hybrid Introduced in Europe with Up to 200 km Electric Range
Uno Minda Launches UnoMindaKart, Its Direct-to-Consumer Online Platform for Auto Components
Uno Minda, a Tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs) in India, has launched UnoMindaKart, a new direct-to-consumer (D2C) e-commerce platform. This move marks a strategic step into the online aftermarket space, enabling customers to access Uno Minda’s wide range of automotive components directly through its own website. The UnoMindaKart… Continue reading Uno Minda Launches UnoMindaKart, Its Direct-to-Consumer Online Platform for Auto Components
Olectra Stock Tanks After Maharashtra Minister Calls For Cancellation Of 5,150-E-bus Order
Shares of Olectra Greentech Ltd plunged as much as 14% on Tuesday amid concerns regarding the cancellation of a contract with Maharashtra State Road Transport Corporation (MSRTC) to supply 5,150 electric buses. The concerns emerged after the Maharashtra Transport Minister Pratap Sarnaik wrote on the social media platform X regarding the tender agreement: “The company… Continue reading Olectra Stock Tanks After Maharashtra Minister Calls For Cancellation Of 5,150-E-bus Order
BMW India Introduces Uniform Pricing for i7 Electric Sedan Across All Locations
BMW India has announced a uniform pricing structure for its flagship electric sedan, the BMW i7, removing regional variations in registration costs across the country. The company will absorb registration fees regardless of where customers choose to register their vehicles, with the current ex-showroom price set at INR 2.05 crore. The pricing initiative covers registration… Continue reading BMW India Introduces Uniform Pricing for i7 Electric Sedan Across All Locations