Tag: Volvo

Eicher Motors Q1 FY25 earnings: Higher selling price, profit share from VECV boost net profit

Despite weakness in volumes, Eicher Motors Ltd reported a 20% on-year growth in its net profit for the first quarter of the current financial year. Revenue, operating profit and net profit are at an all-time high. Improvement in average selling price with a richer mix of products, a higher share of profit from the  Volvo Eicher… Continue reading Eicher Motors Q1 FY25 earnings: Higher selling price, profit share from VECV boost net profit

Eicher Motors Q1 FY25 earnings: Higher selling price, profit share from VECV boost net profit

Despite weakness in volumes, Eicher Motors Ltd reported a 20% on-year growth in its net profit for the first quarter of the current financial year. Revenue, operating profit and net profit are at an all-time high. Improvement in average selling price with a richer mix of products, a higher share of profit from the  Volvo Eicher… Continue reading Eicher Motors Q1 FY25 earnings: Higher selling price, profit share from VECV boost net profit

Clean Technica: Global EV Sales — 2nd Best Month Ever for Plugins!003538

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! EVs Now 22% of World Auto Sales Global plugin vehicle registrations were up 15% in June 2024 compared to June 2023. There were 1.5 million registrations. BEVs were up by just 4% YoY, but plugin hybrids jumped 41% YoY,… Continue reading Clean Technica: Global EV Sales — 2nd Best Month Ever for Plugins!003538

Martinrea International Inc. Reports Strong Second Quarter Results and Declares Dividend

TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the second quarter ended June 30, 2024, and declared a quarterly… Continue reading Martinrea International Inc. Reports Strong Second Quarter Results and Declares Dividend

Exports of 2-wheelers, trucks, buses to take a big hit

Industry executives said factories in Bangladesh have been closed for the past three days amid the deteriorating scenario in the neighbouring country. Indian exports of two-wheelers, trucks, and buses to Bangladesh are likely to be severely hit this month with the South Asian nation grappling with a deadly civil unrest. Bajaj Auto, India’s largest exporter… Continue reading Exports of 2-wheelers, trucks, buses to take a big hit

Mercury Insurance Names the Most Affordable New EVs to Insure

Three Hyundai Motor Group Products Make This Year’s List LOS ANGELES, Aug. 5, 2024 /PRNewswire/ — Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for… Continue reading Mercury Insurance Names the Most Affordable New EVs to Insure

Volvo Cars gears up for a renewed push in the Indian luxury market

Martin Persson, head of Volvo Cars for Asia Pacific, excluding China (APeC), has no illusions about his company’s way forward in the Indian market. Even as he reveals that the Swedish automaker is preparing a new ‘comprehensive plan’ to realise the ‘enormous potential’ of India, he hastens to add that he doesn’t expect it to… Continue reading Volvo Cars gears up for a renewed push in the Indian luxury market

Clean Technica: EVs Take 94.3% Share In Norway — New Record High003530

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! July saw plugin EVs take 94.3% share in Norway, up from 89.9% year on year. BEVs alone took almost 92% of the market, close to a record, and PHEVs contributed 2.4%. Overall auto volume was 6,456 units, down 14%… Continue reading Clean Technica: EVs Take 94.3% Share In Norway — New Record High003530

CV sales slip 12% YoY in July amidst headwinds

India’s commercial vehicle (CV) industry encountered a challenging July, with wholesale volumes of four listed OEMs declining by 12% year-on-year (YoY). The downturn was largely attributed to a high base effect from the previous year and the lingering impact of the post-election transition period. Industry experts echoed these sentiments. Kinjal Shah, Senior Vice President and… Continue reading CV sales slip 12% YoY in July amidst headwinds