Lumax Auto Technologies Limited reported consolidated revenue of ₹3,637 crores for FY25, marking a 29% increase from the previous year’s ₹2,822 crores, while profit after tax rose 37% to ₹229 crores. The automotive component manufacturer announced these audited financial results on May 29, 2025, demonstrating strong performance across operational metrics and strategic expansion initiatives. The… Continue reading Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
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Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
Lumax Auto Technologies Limited reported consolidated revenue of ₹3,637 crores for FY25, marking a 29% increase from the previous year’s ₹2,822 crores, while profit after tax rose 37% to ₹229 crores. The automotive component manufacturer announced these audited financial results on May 29, 2025, demonstrating strong performance across operational metrics and strategic expansion initiatives. The… Continue reading Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
Nuvama sees India as auto safe haven, bets on Eicher, TVS, M&M, Maruti amid global slowdown
“Domestic 2Ws and PVs continue to see tailwinds from demand and product refresh. Export-oriented names should gradually recover as overseas demand stabilises,” Nuvama said. Nuvama Institutional Equities is betting on Indian two-wheeler, passenger vehicle and tractor majors including Eicher Motors, TVS Motors, Maruti Suzuki and Mahindra & Mahindra to outperform, citing resilient domestic demand and… Continue reading Nuvama sees India as auto safe haven, bets on Eicher, TVS, M&M, Maruti amid global slowdown
Maruti Suzuki Partners with JETRO to Connect Indian and Japanese Startups
Maruti Suzuki India Limited signed a memorandum of understanding with the Japan External Trade Organization (JETRO) today, to facilitate business opportunities for startups in both countries. The agreement was formalized between Dr. Tapan Sahoo, Executive Officer of Digital Enterprise at Maruti Suzuki, and Takashi Suzuki, Chief Director General of JETRO India, in the presence of… Continue reading Maruti Suzuki Partners with JETRO to Connect Indian and Japanese Startups
Indian Auto Industry Shows Mixed Performance in April 2025 Amid Production Adjustments
The Indian automobile industry exhibited varied performance across segments in April 2025, with commercial vehicles experiencing a slight decline, passenger vehicles posting modest gains, and two-wheelers facing production challenges despite stable consumer demand. Commercial vehicle wholesale volumes fell 1.4 percent year-on-year in April 2025, while retail volumes contracted 1.0 percent. The segment was affected by… Continue reading Indian Auto Industry Shows Mixed Performance in April 2025 Amid Production Adjustments
Chinese Export Curbs on Rare Earth Magnets Could Disrupt Indian Auto Production: Reuters
Indian auto manufacturers may face production shutdowns within days due to China’s export restrictions on rare earth magnets, according to industry sources and documents seen by Reuters. China, which processes over 90% of these magnets globally, implemented new rules in April requiring import permits—initially seen as a response to U.S. tariffs. However, the impact is… Continue reading Chinese Export Curbs on Rare Earth Magnets Could Disrupt Indian Auto Production: Reuters
Tata Altroz to cross 300,000 sales soon, refreshed model to spur demand
The Tata Altroz is set to drive past the 300,000-unit sales milestone in the Indian market soon. As per SIAM wholesales data, Tata Motors’ premium hatchback has clocked cumulative wholesales of 296,425 units till end-April 2025. Expect the minuscule gap of 3,575 units to be bridged in early June 2025, as a result of the… Continue reading Tata Altroz to cross 300,000 sales soon, refreshed model to spur demand
Terra Motors Eyes Africa Return, Southern Expansion with New Bengaluru Plant
Japanese electric two- and three-wheeler manufacturer Terra Motors is gearing up to resume exports of its electric rickshaws and e-autos to Africa by the end of 2025, while also expanding its domestic footprint with a new manufacturing plant in Bengaluru, a senior company official told Autocar Professional. Founded in Tokyo in 2010, Terra Motors has… Continue reading Terra Motors Eyes Africa Return, Southern Expansion with New Bengaluru Plant
Terra Motors Eyes Africa Return, Southern Expansion with New Bengaluru Plant
Japanese electric two- and three-wheeler manufacturer Terra Motors is gearing up to resume exports of its electric rickshaws and e-autos to Africa by the end of 2025, while also expanding its domestic footprint with a new manufacturing plant in Bengaluru, a senior company official told Autocar Professional. Founded in Tokyo in 2010, Terra Motors has… Continue reading Terra Motors Eyes Africa Return, Southern Expansion with New Bengaluru Plant
Maruti Suzuki introduces EV training programme across 130 ITIs
For the initiative, the carmaker will invest ₹3.9 crore to address concerns about after-sales support and accelerate EV adoption. Maruti Suzuki India announced on Tuesday the launch of a comprehensive training programme across 130 Industrial Training Institutes (ITIs) in 24 states and four Union Territories to equip technicians with the skills to handle high voltage… Continue reading Maruti Suzuki introduces EV training programme across 130 ITIs