Ramkrishna Forgings, a Kolkata-based auto ancillary, saw a 24% increase in topline in FY24 at Rs 3,955 crore and anticipates sustaining this growth momentum, with a further 15%–20% rise projected for FY25. According to Lalit Kumar Khetan – Whole-Time Director and Chief Financial Officer, a significant rebound in domestic volumes as well as the increasing… Continue reading Ramkrishna Forgings eyes 20% revenue growth in FY25, says CFO
Tag: Daimler
Hyundai likely to launch Genesis in India by second half of next year
With the Indian luxury car market on the cusp of a record high, Hyundai Motor Corporation is looking to launch its premium, luxury brand Genesis in the country, most likely by late 2025. Sources say, Hyundai has set up a new team to craft a plan for the market launch of the Genesis brand in… Continue reading Hyundai likely to launch Genesis in India by second half of next year
Mercedes dealer: Torpedo Group becomes Hedin Automotive
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Ambe Engineering eröffnet europäische Niederlassung
Das Unternehmen eröffnet Ambe Europe in Stuttgart, Deutschland, und erweitert damit seine Aktivitäten und sein Know-how FARMINGTON HILLS, Michigan, 3. Mai 2024 /PRNewswire/ — Ambe Engineering, LLC (Ambe), ein globales operatives und strategisches Beratungsunternehmen, hat seine Präsenz in Europa ausgeweitet und baut damit auf seinem bereits etablierten globalen Netzwerk auf, um Kunden in der Automobil- und… Continue reading Ambe Engineering eröffnet europäische Niederlassung
German Handelsblatt: Truck manufacturer: Daimler Truck absorbs weak sales in Asia and increases profits008924
The commercial vehicle manufacturer was able to sell fewer trucks in the first quarter of the year. Daimler Truck nevertheless increased its profits – the company is sticking to its annual forecast. Go to Source
German Handelsblatt: Truck manufacturer: Daimler Truck absorbs weak sales in Asia and increases profits008924
The commercial vehicle manufacturer was able to sell fewer trucks in the first quarter of the year. Daimler Truck nevertheless increased its profits – the company is sticking to its annual forecast. Go to Source
Economist Slams Elon Musk for Making Tesla a “Tech-Bubble” Meme Stock
“Does anyone seriously think that the Musk of today is the right CEO to manage the Tesla we need?” Casino Royale Despite posting disastrous quarterly earnings, Tesla is still worth more than Toyota, Porsche, Mercedes, and Hyundai combined. But experts are becoming wary of the company’s sky-high valuation of well over half a trillion dollars… Continue reading Economist Slams Elon Musk for Making Tesla a “Tech-Bubble” Meme Stock
Aston Barclay names ‘most desirable’ used EVs for dealers
Car buyers are embracing the latest EV models when they reach the second-hand market for the first time according to Aston Barclay’s April desirability index. The Tesla Model Y, Audi Q4, Polestar 2, Skoda Enyaq and Vauxhall Mokka X all appeared in April’s index of the top 10 most desirable used EVs. The index which… Continue reading Aston Barclay names ‘most desirable’ used EVs for dealers
Force Motors launches 5-door Gurkha at Rs 18 lakh
The new Force Gurkha has finally launched in India – the new Gurkha 5-door is priced at Rs 18 lakh, while the updated Gurkha 3-door costs Rs 16.75 lakh. Bookings had commenced on April 29, though the brand has now specified that an amount of Rs 25,000 is required. Force Motors says despatches to dealers shall… Continue reading Force Motors launches 5-door Gurkha at Rs 18 lakh
Cummins Reports First Quarter 2024 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2024. “We continued to see strong demand from customers in the first quarter of 2024, reflecting the quality and performance of our products,” said Jennifer Rumsey, Chair and CEO. “We delivered solid profitability and also completed the separation of Atmus, allowing… Continue reading Cummins Reports First Quarter 2024 Results