Mahindra Logistics, an integrated logistics and mobility solutions provider for the automotive and other industries, reported a net loss of Rs 8.30 crore in Q1 FY24. This was due to a steep 97% dyear on year ecline in the company’s supply chain management (SCM) segmental profit. The SCM segment, which constitutes more than 94% of… Continue reading Mahindra Logistics posts Rs 8.30 crore net loss on 97% YoY decline in supply-chain-management segmental profit
Tag: Financial Results
TVS Motor Q1 PAT up 49% at Rs 441 crore
TVS Motor, India’s second-largest two-wheeler manufacturer, reported a 48.7 percent jump in its consolidated net profit at Rs 441.47 crore for the first quarter ended June 30. The company posted a Rs 296.75 crore net profit for the same period a year ago. Meanwhile, the company’s revenue also grew by 24.41 percent in Q1 FY24… Continue reading TVS Motor Q1 PAT up 49% at Rs 441 crore
Posco to invest US $92 billion to expand into EV battery production and hydrogen: Report
Posco Holdings’ shares jumped as much as 24% on Monday, the most on record, on strong quarterly profits and frenzied retail buying of stocks related to electric-vehicle batteries, Bloomberg reported. The stock also appears to have got a shot in the arm by short sellers rushing to cover their bearish bets. At the same time,… Continue reading Posco to invest US $92 billion to expand into EV battery production and hydrogen: Report
Automotive Power Electronics Market to Reach $8.1 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research
The global automotive power electronics market is driven by factors such as rise in demands for electric vehicles, increasing trend for electrification across the automotive industry, and government regulations for vehicle safety systems. PORTLAND, Ore., July 23, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Power Electronics Market by Device (Power IC, Module/Discrete),… Continue reading Automotive Power Electronics Market to Reach $8.1 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research
Polestar Financial Services Accelerates Digital Transformation with Cox Automotive’s Dealertrack, eContracting Solution for both Leasing and Retail Transactions
Dealertrack provides Polestar Spaces with a one-stop-shop for digital contracting, credit applications, and compliance solutions More streamlined operations and faster transactions enhance the Polestar customer experience With one unified workflow, the versatility of Dealertrack eContracting meets the diverse needs of Polestar Spaces leasing and buying customers ATLANTA, July 24, 2023 /PRNewswire/ — Polestar Spaces can now… Continue reading Polestar Financial Services Accelerates Digital Transformation with Cox Automotive’s Dealertrack, eContracting Solution for both Leasing and Retail Transactions
Volvo Car Financial Services Accelerates Retailers’ Digital Transformation with Dealertrack from Cox Automotive, the Only eContracting Solution for Both Retail and Leasing Transactions
Dealertrack gives Volvo retailers a one-stop-shop for credit applications, digital contracting, and compliance More streamlined operations and faster transactions enhance the Volvo customer experience With one unified workflow, the versatility of Dealertrack eContracting meets the diverse needs of Volvo retailers’ leasing and buying customers ATLANTA, July 24, 2023 /PRNewswire/ — Volvo retailers can now take advantage… Continue reading Volvo Car Financial Services Accelerates Retailers’ Digital Transformation with Dealertrack from Cox Automotive, the Only eContracting Solution for Both Retail and Leasing Transactions
Massivit Releases Preliminary Q2 and H1 2023 Financial Results
Q2 sales totaled approximately $4 million, an increase of about 90% compared to Q2 2022 The Company continues to enhance the Massivit 10000 marketing efforts. During the second quarter, CNC World, UK-based, purchased the Massivit 10000 following the purchase of the Massivit 5000 last year. Jason Rowe, CEO at CNC World: “Manufacturing molds with traditional… Continue reading Massivit Releases Preliminary Q2 and H1 2023 Financial Results
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[1/3]A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File Photo July 24 (Reuters) – U.S. tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup in digital ads will also… Continue reading article with gallery
Encoder Market worth $4.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 21, 2023 /PRNewswire/ — The Encoder Market is projected to grow from USD 2.7 billion in 2023 and is projected to reach USD 4.5 billion by 2028; it is expected to grow at a CAGR of 11.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The increasing adoption of encoders in… Continue reading Encoder Market worth $4.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
Autoliv: Financial Report April – June 2023
STOCKHOLM, July 21, 2023 /PRNewswire/ — (NYSE: ALV) (SSE: ALIV.sdb) Q2 2023: Record second quarter sales Financial highlights Q2 2023 $2,635 million net sales 27% net sales increase 27% organic sales increase* 3.6% operating margin 8.0% adjusted operating margin* $0.61 EPS, 32% decrease $1.93 adjusted EPS*, 115% increase Full year 2023 indications Around 15% organic sales… Continue reading Autoliv: Financial Report April – June 2023