Auto component makers in India are expected to invest $2.5-3 billion during the current financial year 2025, according to senior officials from the Automotive Component Manufacturers Association of India (ACMA). The investment will be largely towards capacity expansion. “Right now R&D spending on an industry level is pretty low at sub 1%, as compared to… Continue reading Indian auto component industry to invest $2.5-3 billion in FY25
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Indian auto component industry to invest $2.5-3 billion in FY25
Auto component makers in India are expected to invest $2.5-3 billion during the current financial year 2025, according to senior officials from the Automotive Component Manufacturers Association of India (ACMA). The investment will be largely towards capacity expansion. “Right now R&D spending on an industry level is pretty low at sub 1%, as compared to… Continue reading Indian auto component industry to invest $2.5-3 billion in FY25
Manny Pacquiao Makes His Return to Boxing at “Super RIZIN.3” Operated by RIZIN FIGHTING FEDERATION: Available Internationally on Pay-per-view Services
– RIZIN Events Now Available to Global Fans through Multiple Streaming Platforms – TOKYO, July 25, 2024 /PRNewswire/ — RIZIN FIGHTING FEDERATION is excited to announce that Super RIZIN.3 to be held on July 28 will be available for global viewing on its international streaming platform – RIZIN.tv — and Abema Global. Boxing legend and superstar… Continue reading Manny Pacquiao Makes His Return to Boxing at “Super RIZIN.3” Operated by RIZIN FIGHTING FEDERATION: Available Internationally on Pay-per-view Services
Insticator births “the COOL company,” promises to revolutionize the advertising experience
NEW YORK, July 24, 2024 /PRNewswire/ — Insticator, the premier SSP and leading creator of engagement and monetization tools for online publishers, today announced the formation of a new holding company for the brands within the company’s portfolio. Distinct brands will be unified under a single entity by the COOL company, a parent company dedicated to… Continue reading Insticator births “the COOL company,” promises to revolutionize the advertising experience
Hindustan Zinc aims for 30-35% low carbon zinc production by next year, auto sector to benefit
Zinc giant Hindustan Zinc Limited (HZL) is revving its engine for the future with the launch of EcoZen, a low-carbon zinc brand targeting the booming Indian automotive sector. This is particularly timely given the industry’s growing adoption of galvanised steel, a key material protected by zinc coatings. This shift presents a confluence of sustainability and… Continue reading Hindustan Zinc aims for 30-35% low carbon zinc production by next year, auto sector to benefit
Nexa sells 2.7 million units over 9 years, Baleno with 1.5 million has 55% share
Nexa, Maruti Suzuki India’s premium sales channel, has turned nine. Launched on July 23, 2015, Nexa has gone on to sell 27,11,895 passenger vehicles till end-June 2024 (see data table below), and accounted for 31.87% of Maruti Suzuki’s best-ever fiscal year sales of 1.75 million units in FY2024. Nexa sales crossed the 2.5 million milestone… Continue reading Nexa sells 2.7 million units over 9 years, Baleno with 1.5 million has 55% share
Honda sells 795,000 scooters in Q1, increases market share to 48%
Of the four vehicle segments – passenger vehicles (up 3%), two-wheelers (p 20%), three-wheelers (up 14%) and commercial vehicles (up 3.5%) – the two-wheeler industry was the only one to have registered strong double-digit gains in April-June 2024. A fair portion of that credit goes to the scooter market which, with 1.66 million units, accounted… Continue reading Honda sells 795,000 scooters in Q1, increases market share to 48%
Royal Enfield 650 Twins, Super Meteor and Shotgun capture 96% of 500-800cc market in Q1
Midsize motorcycle market leader Royal Enfield, which has registered total wholesales of 204,686 motorcycles in the first three months of FY2025, down 1% on year-ago dispatches to its showrooms (April-June 2023: 207,171 units), is ruling the roost in the 500-800cc market in India. The 650cc twins (Continental GT 650 and Interceptor 650) along with the… Continue reading Royal Enfield 650 Twins, Super Meteor and Shotgun capture 96% of 500-800cc market in Q1
Autoliv (ALV) Q2 Earnings Miss Expectations, Guidance Revised
Autoliv Inc. ALV reported second-quarter 2024 adjusted earnings of $1.87 per share, which missed the Zacks Consensus Estimate of $2.44 and fell 3% year over year. The company reported net sales of $2.61 billion in the quarter, which missed the Zacks Consensus Estimate of $2.77 million and fell 1.1% year over year. Organic sales rose… Continue reading Autoliv (ALV) Q2 Earnings Miss Expectations, Guidance Revised
Vishal Bhat to head sales at Skoda Auto India
Vishal Bhat, the former head of aftersales business and service at Volkswagen India and Skoda India, has taken charge of sales for the Skoda brand. Sources say that Bhat, who has been with the Group for almost one and a half decades, will oversee the critical sales function ahead of Skoda’s much-awaited sub-4-meter SUV launch… Continue reading Vishal Bhat to head sales at Skoda Auto India