Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a global technology services and consulting firm, has collaborated with FORVIA (FRVIA), the world’s seventh-largest automotive technology supplier, to enhance FORVIA’s Advanced Driver Assistance Systems (ADAS) applications. Through this partnership, FORVIA utilised components from Wipro Engineering Edge’s Cloud Car Solution, including microservices and vehicle container architecture, to… Continue reading Wipro and FORVIA collaborate to enhance Advanced Driver Assistance Systems (ADAS)
Category: US Motoring Press
Hyundai India to accelerate premiumization as SUV sales surge, hatchbacks lag
Hyundai India, the nation’s second-largest carmaker, reported a robust 69% volume mix of SUVs in quarterly sales (Q2FY25) to 102,636 units, a growth the company attributed to its strategic focus on premium in the segment. This is up from a 65% SUV volume share in the same period last year, when sales reached 103,178 units.… Continue reading Hyundai India to accelerate premiumization as SUV sales surge, hatchbacks lag
Hyundai India predicts continued low single-digit growth for the car market in H2
The Indian car industry is expected to continue growing in low single digit growth in H2FY25 similar to the first half of the fiscal, Hyundai India’s top leadership said in a post result briefing with the media on Tuesday. As per Unsoo Kim, Managing Director of the company, post pandemic, the industry grew by more… Continue reading Hyundai India predicts continued low single-digit growth for the car market in H2
Hyundai says geopolitical conflict hurt Q2 performance
Hyundai Motor India, the country’s second-largest automaker, has reported declines in its revenue and profit, attributing the poor performance to the sentimental impact of global conflicts. Net profit fell 15.5% to Rs 1,375 crore from Rs 1,628 crore while revenue fell 7.5% to Rs 17,260 crore from Rs 18,660 crore. The company said conflicts in… Continue reading Hyundai says geopolitical conflict hurt Q2 performance
Hyundai Motor sees sharp fall in profitability in maiden results after listing
Hyundai Motor India Ltd (HMIL), the country’s second-largest carmaker, reported a 15.5% year-on-year decline in net profit to Rs 1,375.5 crore for the quarter ended September 30, 2024, as geopolitical tensions and seasonal market conditions impacted both domestic and export operations. The company’s revenue from operations fell 7.5% to Rs 17,260.4 crore, while EBITDA margins… Continue reading Hyundai Motor sees sharp fall in profitability in maiden results after listing
Samvardhana Motherson’s Q2 profit soars 273% on strong segment performance
Auto components manufacturer Samvardhana Motherson International Ltd (SAMIL) reported a robust performance for the second quarter ended September 30, 2024, with consolidated net profit surging 273% year-on-year to Rs 1,097.18 crore compared to Rs 294.15 crore in the same quarter last year. This growth was driven by strong performance across business segments, the company said.… Continue reading Samvardhana Motherson’s Q2 profit soars 273% on strong segment performance
Hyundai India Q2 revenue, profit drop amid weak market, geopolitical strains
Hyundai Motor India Ltd reported a 7.50% year-over-year decline in revenue to Rs 17,260.38 crore, in the second quarter. The quarter saw net profit decrease to Rs 1,375.47 crore from Rs 1,628.46 crore of Q2 FY24, which the company attributed to a combination of weak market sentiments and geopolitical factors affecting the automotive sector. During… Continue reading Hyundai India Q2 revenue, profit drop amid weak market, geopolitical strains
UNO Minda launches 1080p DVR 2.0 with ADAS for enhanced driver safety
Road safety continues to be a major issue in India, with high rates of traffic accidents attributed to factors such as reckless driving and limited awareness of traffic regulations. In response, the Indian government has implemented various initiatives, including AI-powered cameras that monitor infractions like lane drifting and distracted driving. With the demand for safety… Continue reading UNO Minda launches 1080p DVR 2.0 with ADAS for enhanced driver safety
New Porsche Taycan GTS brings ‘all-rounder’ performance for £117k
Porsche has lifted the covers off the new Taycan GTS, the “all-rounder” variant of the updated electric performance car. It now packs up to 690bhp (when using the Launch Control function), an increase of 100bhp over the old GTS, thanks to a new rear motor that makes 107bhp and 30lb ft more yet weighs 10kg less. As such,… Continue reading New Porsche Taycan GTS brings ‘all-rounder’ performance for £117k
Movers and shakers: the latest job moves in the car industry
Welcome to Movers and Shakers, a new Autocar Business feature covering the latest job moves from across the automotive industry. This page will be updated regularly with all the biggest transfers, promotions and departures in the sector, covering everything you need to know. Name: Damien O’Sullivan Company: VW Group UK Role: Managing director Volkswagen Group UK… Continue reading Movers and shakers: the latest job moves in the car industry