Automotive – Page 2913 – I wish I had more to offer

Spike Jonze’s Her holds up a decade later

A decade later, Spike Jonze’s sci-fi love story is still a better depiction of AI than many of its contemporaries. Share this story Illustration by Erik Carter “A good science fiction story should be able to predict not the automobile but the traffic jam,” author Frederik Pohl once wrote. AI has been the subject of… Continue reading Spike Jonze’s Her holds up a decade later

Schaeffler India clocks Rs 1,855 crore revenue in Q4 CY23

Pune-based Tier-1 components major Schaeffler India has announced its results for Q4 CY23, with the company’s net revenues from operations standing at Rs 1,855 crore, registering a 3.4 percent uptick over the operating revenues of the same quarter in CY22. Schaeffler India’s profit-before-tax (PBT) for the quarter stood at Rs 300 crore, registering a 2.9… Continue reading Schaeffler India clocks Rs 1,855 crore revenue in Q4 CY23

Schaeffler India clocks Rs 1,855 crore revenue in Q4 CY23

TVS Motor market cap cross Rs 1 lakh crore

TVS Motor today achieved a major milestone by becoming the sixth auto company to have a Rs 1 lakh crore market cap. The company’s market cap stood at Rs 1,01,578.38 crore in BSE as of Friday evening. The stock price rose over 60 percent in the last six months which helped TVS to be part… Continue reading TVS Motor market cap cross Rs 1 lakh crore

Royal Enfield forays into Turkish market with K-Rides

Royal Enfield has announced its foray into the Turkish market through a strategic partnership with K-Rides, a subsidiary of Kibar Holding. The company will be entering the Turkish market by March 2024. With its dominance in the mid-size motorcycle segment, boasting engine displacements ranging from 250cc to 750cc, Royal Enfield aims to capitalise on the… Continue reading Royal Enfield forays into Turkish market with K-Rides

Royal Enfield forays into Turkish market with K-Rides

India’s tyre industry expects to double exports by 2030: ATMA

India’s tyre industry expects to double its exports by value by the end of the decade with the country becoming the top third tyre manufacturing hub globally. “The industry is targeting to increase its export to Rs 50,000 crore by 2030 from the current Rs 23,000 crore,” Automotive Tyre Manufacturers Association Chairman, Anshuman Singhania told… Continue reading India’s tyre industry expects to double exports by 2030: ATMA

Adient (ADNT) Q1 Earnings Miss Estimates, Guidance Revised

Adient ADNT delivered adjusted earnings per share (EPS) of 31 cents for the first quarter of fiscal 2024. Earnings fell from 34 cents recorded in the year-ago period and also missed the Zacks Consensus Estimate of 47 cents. In the reported quarter, the company generated net sales of $3.66 billion, which decreased 1% year over… Continue reading Adient (ADNT) Q1 Earnings Miss Estimates, Guidance Revised

NIO Inc. (NIO) Rises Higher Than Market: Key Facts

In the latest trading session, NIO Inc. (NIO) closed at $6.09, marking a +1.5% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.91%, and the technology-dominated Nasdaq saw an increase of 0.3%. Heading into today, shares of the… Continue reading NIO Inc. (NIO) Rises Higher Than Market: Key Facts

Genuine Parts (GPC) Q4 Earnings Beat Estimates, Rise Y/Y

Genuine Parts Company GPC delivered fourth-quarter 2023 adjusted earnings of $2.26 per share, up 10.2% year over year. The bottom line surpassed the Zacks Consensus Estimate of $2.20 per share. Higher-than-expected profit from the Industrial Parts segment resulted in the outperformance. The company reported net sales of $5.59 billion, lagging the Zacks Consensus Estimate of… Continue reading Genuine Parts (GPC) Q4 Earnings Beat Estimates, Rise Y/Y