Mumbai-based Godrej Tooling, a major player in supplying automotive tooling to marquee clients like Honda, Maruti Suzuki, and Mahindra & Mahindra, aims to significantly increase its export revenue share from the current 10% to 20–25% within the next three years, Pankaj Abhyankar, Senior Vice President & Business Head at the company, told Autocar Professional. At present, the company’s annual revenue… Continue reading Godrej Tooling targets 25% revenue share from exports in three years
Tag: JLR
In Pictures: India’s EV market gaining momentum
NEW DELHI — In the smoggy capital city of New Delhi, there is an increasing number of green-plated cars on the roads. These are electric vehicles and even outside of Delhi, they are gaining popularity. Combustion-engine vehicles are still the norm in the country, but EVs are now a common sight in major cities. Ride-hailing services that employ EVs… Continue reading In Pictures: India’s EV market gaining momentum
Tata Motors eyes personalisation trend in cars
The ubiquity of the car as a means of personal transport today is widely attributed to the transition to assembly-line-based, mass production from individual handcrafting by Henry Ford more than a century ago. The standardisation and efficiency gains associated with the move is credited with having made the car affordable to even the workers who… Continue reading Tata Motors eyes personalisation trend in cars
Hyundai Motor IPO marks the coming of age of Indian equity market
The initial public offer of Hyundai Motor India, the Indian unit of the eponymous South Korean automaker, marks the beginning of a new era — both for the company and the Indian equity markets. Among other things, the move aims to leverage the favorable valuations enjoyed by Indian companies, thereby enhancing the market value of… Continue reading Hyundai Motor IPO marks the coming of age of Indian equity market
Decoding the Hyundai Motor India DRHP
Hyundai Motor India’s initial public offering is set to be a landmark event for both the Indian equity market as well as the Indian automobile sector. With this IPO, Hyundai Motor India will become the first car manufacturer in India to become public in over two decades. India’s largest carmaker, Maruti Suzuki India, was the… Continue reading Decoding the Hyundai Motor India DRHP
How Hyundai IPO marks the start of an ambitious new chapter in the carmaker’s story in India
In many ways, Hyundai Motor India is sitting pretty. Despite being a distant No.2 to market leader Maruti Suzuki in market share, its profit margins and sales mix are the envy of the industry. The company gets half its volumes from vehicles priced above Rs 10 lakh, its plants regularly run at 95% utilisation, and… Continue reading How Hyundai IPO marks the start of an ambitious new chapter in the carmaker’s story in India
Tata Elxsi and Emerson Inaugurate the Mobility Innovation Centre in Bengaluru
Enables Shift Left and Innovation at Speed for the Automotive Industry BENGALURU, India and AUSTIN, Texas, July 11, 2024 /PRNewswire/ — Tata Elxsi, the leading global design and technology services company, and global automation company Emerson, today announced the inauguration of the Tata Elxsi + NI Mobility Innovation Centre (TENMIC) in Bengaluru. This state-of-the-art centre… Continue reading Tata Elxsi and Emerson Inaugurate the Mobility Innovation Centre in Bengaluru
Hyundai scripts ambitious new India chapter
In many ways, Hyundai Motor India is sitting pretty. Despite being a distant No.2 to market leader Maruti Suzuki in market share, its profit margins and sales mix are the envy of the industry. The company gets half its volumes from vehicles priced above Rs 10 lakh, its plants regularly run at 95% utilisation, and… Continue reading Hyundai scripts ambitious new India chapter
@VW Group: Another big win for da Costa and bountiful points haul for Porsche008990
Race 14 Pascal Wehrlein, a two-time winner this season, lost the front wing of his car after just a few laps, which threw him down the field to 17th place. The German then battled his way up the order to finish fourth. In the drivers’ championship, he slashed the gap to the leader; ranking third… Continue reading @VW Group: Another big win for da Costa and bountiful points haul for Porsche008990
Tata Punch is India’s No. 1 SUV in April-June 2024, Hyundai Creta and Maruti Brezza on podium
Utility vehicles (UVs) have once again saved the blushes for India Passenger Vehicle Inc. In the first quarter of FY2025 (April-June 2024), a total of 1.02 million PVs were dispatched to showrooms, up by just 3% – hatchback and sedan sales were down by 18% to 341,293 units and vans up by 9% to 38,919… Continue reading Tata Punch is India’s No. 1 SUV in April-June 2024, Hyundai Creta and Maruti Brezza on podium