Eicher’s Q3 revenue grows 29 percent with high demand for Royal Enfield bikes

Eicher Motors has announced its unaudited consolidated financial results for Q3 FY2023, and the company has registered a 29 percent year-on-year (YoY) uptick in its total operational revenues that stood at Rs 3,721 crore (Q3 FY2022: Rs 2,881 crore). Its profit after tax (PAT) for the quarter stood at Rs 741 crore, registering a growth… Continue reading Eicher’s Q3 revenue grows 29 percent with high demand for Royal Enfield bikes

Not ready for policy intervention, Govt asks construction equipment makers to report “illegal exports” for case-by-case action

Not ready for policy intervention, Govt asks construction equipment makers to report “illegal exports” for case-by-case action The government’s investigative agencies, who have been informed of the growing trends of “illegal exports” of construction equipment using forged documents, do not believe there is a need for any policy-related interventions. It has instead asked that OEMs notify… Continue reading Not ready for policy intervention, Govt asks construction equipment makers to report “illegal exports” for case-by-case action

Not ready for policy intervention, Govt asks construction equipment makers to report “illegal exports” for case-by-case action

Not ready for policy intervention, Govt asks construction equipment makers to report “illegal exports” for case-by-case action The government’s investigative agencies, who have been informed of the growing trends of “illegal exports” of construction equipment using forged documents, do not believe there is a need for any policy-related interventions. It has instead asked that OEMs notify… Continue reading Not ready for policy intervention, Govt asks construction equipment makers to report “illegal exports” for case-by-case action

Chinese EV brand Zeekr is now worth more than Xpeng

Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images BEIJING — Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others. Zeekr… Continue reading Chinese EV brand Zeekr is now worth more than Xpeng

SM Supermalls rolls out PH’s biggest chain of e-Vehicle charging stations nationwide

Travel anywhere, charge e-nywhere at SM Supermalls’ EV Charging Stations PASAY CITY, Philippines, Feb. 10, 2023 /PRNewswire/ — Going on a road trip using your e-Vehicle? Never worry about running out of juice while exploring the country because traveling sustainably has now been made possible and much more convenient as SM Supermalls of the SM… Continue reading SM Supermalls rolls out PH’s biggest chain of e-Vehicle charging stations nationwide

China Automotive Millimeter-wave (MMW) Radar Market Report 2022: 79GHz Corner Radars to Shape Segment Moving Forward

DUBLIN, Feb. 13, 2023 /PRNewswire/ — The “China Automotive Millimeter-wave (MMW) Radar Industry Report, 2022” report has been added to  ResearchAndMarkets.com’s offering. Automotive radar research: installations surged by 49.5% year on year in 2021, and by 35.4% in the first nine months of 2022. 1. The installations of automotive radars sustain growth, and are expected… Continue reading China Automotive Millimeter-wave (MMW) Radar Market Report 2022: 79GHz Corner Radars to Shape Segment Moving Forward

Construction Equipment Market Size in APAC to Grow by 5.09%, Construction Machinery & Heavy Trucks Market to be Parent Market -Technavio

NEW YORK, Feb. 13, 2023 /PRNewswire/ — The construction equipment market size in APAC is forecast to increase by USD 19,239.15 million from 2022 to 2027, at a CAGR of 5.09%, according to the recent market study by Technavio. The growth of the market will be driven by the increased investment in infrastructure, an increase in… Continue reading Construction Equipment Market Size in APAC to Grow by 5.09%, Construction Machinery & Heavy Trucks Market to be Parent Market -Technavio

SM Supermalls rolls out PH’s biggest chain of e-Vehicle charging stations nationwide

Travel anywhere, charge e-nywhere at SM Supermalls’ EV Charging Stations PASAY CITY, Philippines, Feb. 10, 2023 /PRNewswire/ — Going on a road trip using your e-Vehicle? Never worry about running out of juice while exploring the country because traveling sustainably has now been made possible and much more convenient as SM Supermalls of the SM… Continue reading SM Supermalls rolls out PH’s biggest chain of e-Vehicle charging stations nationwide

Luxury car companies line up for big Indian electric vehicle race

Electric luxury car sales accounted for 3.8% of total luxury car sales in December 2022. Mumbai: Luxury car makers are set to launch several electric vehicles in the coming months as they bet on EVs accounting for up to a fourth of their sales in the country in the next three-four years, up from low… Continue reading Luxury car companies line up for big Indian electric vehicle race

Tesla cofounder’s Redwood just scored a $2B govt loan to make EV batteries

Redwood Materials just got a $2 billion conditional loan from the US Department of Energy to expand its factory near Reno, Nevada, where it will manufacture EV batteries from an increasing amount of recycled content. In a US first, Redwood will produce 100 GWh annually of ultra-thin battery-grade copper foil and cathode-active materials from both… Continue reading Tesla cofounder’s Redwood just scored a $2B govt loan to make EV batteries