PV industry expects FY25 volume growth in single digit

Riding on a high base in the current financial year, India’s passenger vehicle industry expects sales volume to grow in the low single digits during 2024-2025 (FY25). Entry-level cars were the major growth driver for the industry until sometime back, but the demand for small cars has been on a declining trend recently.  “India is… Continue reading PV industry expects FY25 volume growth in single digit

India’s Maruti Suzuki beats Q3 profit view on strong SUV sales

BENGALURU (Reuters) — Maruti Suzuki India, the country’s top carmaker by sales, reported a bigger-than-expected jump in third-quarter profit on Wednesday, buoyed by strong demand for its sport utility vehicles (SUVs). Indian consumers generally make big-ticket purchases during the festive season, which lasted for a large part for the third quarter. Increased sales of more… Continue reading India’s Maruti Suzuki beats Q3 profit view on strong SUV sales

Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Excelfore delivers best-in-class, standards-based in-vehicle and cloud-to-vehicle connectivity solutions to the software-defined vehicle ecosystem. SAN ANTONIO, Jan. 30, 2024 /PRNewswire/ — Frost & Sullivan recently researched the over-the-air (OTA) solutions providers and, based on its findings, recognizes Excelfore with the 2024 Global Enabling Technology Leadership Award. Excelfore is an industry-leading company that creates reliable standards-based connectivity solutions to… Continue reading Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Maruti Suzuki’s Q3 profit rides high on volume, mix, softening RM costs

Fueled by robust improvement in vehicle dispatches, a higher mix of sports utility vehicles and softening of commodity prices, India’s largest passenger vehicle maker Maruti Suzuki India posted a 33% on-year growth in its standalone net profit for the December quarter. The automaker’s net profit came in at Rs 3,130 crore, against Rs 2,351.3 crore… Continue reading Maruti Suzuki’s Q3 profit rides high on volume, mix, softening RM costs

Maruti Suzuki’s Q3 profit rides high on volume, mix, softening RM costs

Fueled by robust improvement in vehicle dispatches, a higher mix of sports utility vehicles and softening of commodity prices, India’s largest passenger vehicle maker Maruti Suzuki India posted a 33% on-year growth in its standalone net profit for the December quarter. The automaker’s net profit came in at Rs 3,130 crore, against Rs 2,351.3 crore… Continue reading Maruti Suzuki’s Q3 profit rides high on volume, mix, softening RM costs

Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Excelfore delivers best-in-class, standards-based in-vehicle and cloud-to-vehicle connectivity solutions to the software-defined vehicle ecosystem. SAN ANTONIO, Jan. 30, 2024 /PRNewswire/ — Frost & Sullivan recently researched the over-the-air (OTA) solutions providers and, based on its findings, recognizes Excelfore with the 2024 Global Enabling Technology Leadership Award. Excelfore is an industry-leading company that creates reliable standards-based connectivity solutions to… Continue reading Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Excelfore delivers best-in-class, standards-based in-vehicle and cloud-to-vehicle connectivity solutions to the software-defined vehicle ecosystem. SAN ANTONIO, Jan. 30, 2024 /PRNewswire/ — Frost & Sullivan recently researched the over-the-air (OTA) solutions providers and, based on its findings, recognizes Excelfore with the 2024 Global Enabling Technology Leadership Award. Excelfore is an industry-leading company that creates reliable standards-based connectivity solutions to… Continue reading Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Input Cost Swings Hit Cos’ Pricing Plans

While this makes a case for a price hike, appliance manufacturers are absorbing it while carmakers are passing a portion to aid demand recovery. New Delhi : Leading consumer goods companies including Hindustan Unilever (HUL), ITC, Maruti Suzuki and Parle Products are seeing certain commodity prices see-sawing and industry executives fear it will have an… Continue reading Input Cost Swings Hit Cos’ Pricing Plans

Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Excelfore delivers best-in-class, standards-based in-vehicle and cloud-to-vehicle connectivity solutions to the software-defined vehicle ecosystem. SAN ANTONIO, Jan. 30, 2024 /PRNewswire/ — Frost & Sullivan recently researched the over-the-air (OTA) solutions providers and, based on its findings, recognizes Excelfore with the 2024 Global Enabling Technology Leadership Award. Excelfore is an industry-leading company that creates reliable standards-based connectivity solutions to… Continue reading Excelfore Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Its Revolutionary OTA Solutions for the Automotive Industry

Prime Minister Modi to address Bharat Mobility Global Expo on Feb 2

Prime Minister Narendra Modi is set to address the Bharat Mobility Global Expo 2024 on February 2. The three-day mega exhibition, which will be held from February 1-3 in Bharat Mandapam, Delhi, will bring together 28 original equipment makers and over 600 component makers. The event is being planned to showcase India as a global… Continue reading Prime Minister Modi to address Bharat Mobility Global Expo on Feb 2