Samvardhana Motherson International Ltd (SMIL) is significantly increasing its strategic investments, with capital expenditure for the financial year 2026 (FY26) projected to rise by 35% year-over-year. According to its investor presentation, the company plans to incur capital expenditures of Rs 6,000 crore in FY26, compared to Rs 4,433 crore in FY25. Of the Rs 6,000… Continue reading Samvardhana Motherson raises FY26 capex by 35% to Rs 6,000 crore
Category: US Motoring Press
Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25
Ola Electric Mobility Limited reported a net loss of ₹2,276 crores for the financial year ending March 31, 2025, compared to ₹1,584 crores in the previous year. The company’s consolidated revenue from operations declined to ₹4,514 crores from ₹5,010 crores in FY24. The Bengaluru-based electric vehicle manufacturer’s quarterly performance showed revenue of ₹611 crores in… Continue reading Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25
Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25
Ola Electric Mobility Limited reported a net loss of ₹2,276 crores for the financial year ending March 31, 2025, compared to ₹1,584 crores in the previous year. The company’s consolidated revenue from operations declined to ₹4,514 crores from ₹5,010 crores in FY24. The Bengaluru-based electric vehicle manufacturer’s quarterly performance showed revenue of ₹611 crores in… Continue reading Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25
Varroc Engineering Reports Revenue Growth, Recommends Full Dividend Despite Exceptional Charges
Varroc Engineering Ltd reported consolidated revenue of Rs 8,154 crore for FY25, representing an 8% increase from the previous year’s Rs 7,552 crore. The company’s board has recommended a dividend of Rs 1 per share, equivalent to 100% of face value, following what the management described as improved operational performance. The Pune-based automotive component manufacturer… Continue reading Varroc Engineering Reports Revenue Growth, Recommends Full Dividend Despite Exceptional Charges
Motherson Reports Record Sales of Rs 113,663 Crores in FY25, Up 15%
Samvardhana Motherson International Limited (SAMIL) reported record consolidated revenue of Rs 113,663 crores for fiscal year 2024-25, marking a 15% increase from the previous year. The automotive component manufacturer also posted its highest-ever profit after tax of Rs 3,803 crores, representing a 40% year-on-year growth. The company’s EBITDA reached Rs 10,877 crores, up 17% from… Continue reading Motherson Reports Record Sales of Rs 113,663 Crores in FY25, Up 15%
Stellantis India Partners with ASSIST Asia to Launch Skills Training Initiative for 2,500 Students
Stellantis India launched Project INSPIRE, a corporate social responsibility initiative aimed at training 2,500 students from industrial training institutes and vocational schools in emerging automotive technologies. The program, developed in partnership with ASSIST Asia, began its first phase of training on May 26 at the National Institute of Technical Teachers Training and Research in Chennai.… Continue reading Stellantis India Partners with ASSIST Asia to Launch Skills Training Initiative for 2,500 Students
Schaeffler India to Deepen Localisation and R&D Investments, Sees Ample Growth Headroom: CEO Kadam
Schaeffler India, the local arm of Euro 25 billion German motion technology major Schaeffler AG, plans to accelerate investment, ramp up localisation efforts, and deepen its R&D footprint as it looks to tap growth across conventional, hybrid, and electric mobility sectors, its chief executive said on Tuesday. As part of this strategy, the company has… Continue reading Schaeffler India to Deepen Localisation and R&D Investments, Sees Ample Growth Headroom: CEO Kadam
Noida International Airport Partners with Uber for Ground Transportation Services
Noida International Airport announced a partnership with Uber on Thursday to provide ground transportation services for passengers at the upcoming airport facility. The collaboration establishes dedicated pickup zones and on-ground assistance for travelers using the ride-hailing platform. Under the agreement, Uber will operate exclusive parking spaces for driver-partners and provide wayfinding assistance from airport gates… Continue reading Noida International Airport Partners with Uber for Ground Transportation Services
Honda Motorcycle & Scooter India Launches Unified Website Platform
Honda Motorcycle & Scooter India (HMSI) launched its redesigned website on May 29, 2025, combining three previously separate digital platforms into a single unified experience at www.honda2wheelersindia.com. The new platform integrates Honda2wheelersindia.com, HondaBigwing.in, and HondaRacingIndia.com under one digital roof. The website redesign addresses the company’s mobile-first user base, with over 80 percent of visitors accessing… Continue reading Honda Motorcycle & Scooter India Launches Unified Website Platform
Analysts See Modest Uptick in Bajaj Auto Earnings in Q4 on Muted Volumes, Flat Margins
Bajaj Auto is expected to report a modest improvement in financial performance for the March quarter of financial year 2024-25, as overall volume growth remained muted and average selling prices only showed marginal changes, according to analysts. The Pune-based company’s revenue is expected to grow by 4% on year to Rs 11,954 crore, according to… Continue reading Analysts See Modest Uptick in Bajaj Auto Earnings in Q4 on Muted Volumes, Flat Margins