Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, reported a consolidated net profit of Rs 3.97 crore in Q4FY24, a threefold increase from Rs 0.93 crore in Q4FY23. The company’s revenues during Q4FY24 stood at Rs 128.26 crore, up from Rs 50.76 crore in… Continue reading Wardwizard Innovations & Mobility Q4 profit jumps threefold
Author: Autocar_Professional India Online News
Suzuki Motor working on affordable hybrid for small cars, says R C Bhargava, Maruti to consider plug-in hybrids too
Amid slowing adoption of electric vehicles, Maruti Suzuki -the country’s largest car maker continues to explore different alternatives to move towards carbon neutrality. Speaking to media post FY-24 earnings, the top management stated that HQ Suzuki is working on an affordable hybrid solution for the compact cars and it will seriously consider the more expensive… Continue reading Suzuki Motor working on affordable hybrid for small cars, says R C Bhargava, Maruti to consider plug-in hybrids too
Tata Motors cars to offer Harman Ignite Store inside in-car infotainment systems
Tata Motors, which is India’s No. 3 passenger vehicle maker by volumes has deepened its association with Harman Automotive – a key technology supplier – that has been instrumental in enabling in-vehicle infotainment system over the last decade in its cars such as the Tiago, Tigor, Nexon, Punch, Harrier, and Safari. The automaker has adopted… Continue reading Tata Motors cars to offer Harman Ignite Store inside in-car infotainment systems
Maruti Suzuki’s Q4 profit grows 48% YoY; FY24 profit jumps 64%
India’s largest passenger car maker Maruti Suzuki posted a 47.8 percent on-year growth in its net profit in the fourth quarter of 2023-24 (FY24), while its profit for the full financial year jumped 64.1 percent to an all-time high. The robust growth in earnings reflects double-digit growth in vehicle volume, higher average selling price and… Continue reading Maruti Suzuki’s Q4 profit grows 48% YoY; FY24 profit jumps 64%
Vitesco Technologies partners Sanden Europe to develop integrated thermal management system for EVs
Vitesco Technologies, which is spun off from German Tier-1 giant Continental and is a leading supplier of modern drivetrain technologies and electrification solutions, has partnered Sanden International (Europe), a key player in automotive thermal management technology. The duo will develop an Integrated Thermal Management System for Battery Electric Vehicles (BEVs). The concept of the new… Continue reading Vitesco Technologies partners Sanden Europe to develop integrated thermal management system for EVs
JBM showcases zero emission electric luxury coach ‘GALAXY’ and City Bus ‘ECOLIFE’ at Bus2Bus, Berlin 2024
JBM Electric Vehicles, one of India’s leading electric bus manufacturer and EV Ecosystem provider announced its zero-emission luxury coach ‘GALAXY’ and electric citybus ‘ECOLIFE’ at the Bus2Bus 2024 in Berlin. The buses unveiled by Nishant Arya, Vice Chairman and MD, JBM Group are designed based on global European standards, the company said in a statement… Continue reading JBM showcases zero emission electric luxury coach ‘GALAXY’ and City Bus ‘ECOLIFE’ at Bus2Bus, Berlin 2024
Himadri Speciality Chemical Q4 profit jumps 51%, approves brownfield expansion
Kolkata-based Himadri Speciality Chemical Ltd, a supplier of speciality chemicals to automotive industry reported a consolidated net profit of Rs 115.18 crore during the Q4FY24 as against Rs 76.21 crore recorded in Q4FY23. The company’s revenues on other hand stood at Rs 1176.95 crore during Q4FY24 when compared with Rs 1028.90 crore in Q4FY23, the… Continue reading Himadri Speciality Chemical Q4 profit jumps 51%, approves brownfield expansion
Himadri Speciality Chemical Q4 profit jumps 51%, approves brownfield expansion
Kolkata-based Himadri Speciality Chemical Ltd, a supplier of speciality chemicals to automotive industry reported a consolidated net profit of Rs 115.18 crore during the Q4FY24 as against Rs 76.21 crore recorded in Q4FY23. The company’s revenues on other hand stood at Rs 1176.95 crore during Q4FY24 when compared with Rs 1028.90 crore in Q4FY23, the… Continue reading Himadri Speciality Chemical Q4 profit jumps 51%, approves brownfield expansion
Tata Motors inaugurates new commercial vehicle spare parts warehouse in Guwahati
Tata Motors, India’s largest commercial vehicle manufacturer, announced on Friday the inauguration of a new commercial vehicle spare parts warehouse in Guwahati. The facility, which is made to be fully digitalised, spans 1 lakh square feet, stocking spare parts for the entire commercial vehicle portfolio. The addition of the new facility will enable the company… Continue reading Tata Motors inaugurates new commercial vehicle spare parts warehouse in Guwahati
Schaeffler India Q1 profit edges up slightly, revenue jumps
Schaeffler India, a prominent supplier of bearings and related components to the automotive industry, reported a marginal increase in net profit for the first quarter of calendar year (CY) 2024. Net profit reached Rs 219.7 crore during Q1CY24, compared to Rs 219.4 crore in Q1CY23. The company’s operating revenue displayed a stronger performance, rising to… Continue reading Schaeffler India Q1 profit edges up slightly, revenue jumps