Tata Elxsi sees flat growth in Q1 FY2024, net profit at Rs 188 crore The transportation segment continues to show healthy growth, registering a revenue growth of 17 percent YoY in constant currency terms,… 2 years agoJuly 17, 2023
Regrip attracts investment from Bollywood actor Suniel Shetty Regrip focusses on retreading of tyres for the commercial vehicle segment. 2 years agoJuly 17, 2023
Chandigarh EV policy revised after uproar from dealers In 2022, the UT had announced putting a cap on the registration of non-EVs to encourage and accelerate the adoption… 2 years agoJuly 16, 2023
UK’s road safety charity urges to improve safety for gig workers Almost half (48 percent) of those surveyed deemed rain as another condition that was unsafe for motorcyclists to deliver food… 2 years agoJuly 13, 2023
Helix appoints Richard Smit as Chief Manufacturing Officer Smit has experience of working with global Tier 1 manufacturing operations, including extensive experience in factory management and high-volume manufacturing… 2 years agoJuly 13, 2023
Bridgestone India trains over 200 women as mechanics, drivers The first batch of these trainees have now become master trainers, and in turn are training other women. 2 years agoJuly 13, 2023
HCL Tech to acquire German auto tech company ASAP for over Rs 2,200 crore ASAP is working on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity. 2 years agoJuly 13, 2023
Johnson Matthey signs agreement with China to invest in hydrogen ecosystem The facility will have an initial capacity of up to 5GW, will occupy 236,806 sqmt in the Jiading district of Shanghai, in a… 2 years agoJuly 13, 2023
OEM sales to drive demand, tyre sales to grow by upto 8% in FY2024 says ICRA Following two years of pent-up demand and an increase in prices, volume growth is likely to witness some stabilisation in… 2 years agoJuly 12, 2023
Decline in India Inc’s auto sector deal activity; PE dominates amidst EV boom Despite PE landscape accounting for most of the deal activity, the PE trend experienced a decline of 20% in deal… 2 years ago
Q1 auto sales stable, sharp jump in two-wheelers; SIAM says interest rate still a concern In Q1 FY2024, the overall wholesales came to 5.49 million vehicles sold, up 11 percent YoY. 2 years agoJuly 12, 2023
GKN Automotive strengthens its executive team The changes in the executive team is part of GKN’s restructuring moves, which aims to make the company more agile… 2 years agoJuly 12, 2023
Utility Vehicles to attract 22% compensation cess- Here are the criteria for MUVs and SUVs The council has said that any vehicle that meets the criteria will attract a 22 percent compensation cess over and… 2 years agoJuly 12, 2023
EU aims to make freight transportation sustainable The decision complements the Green Deal, the EU’s wider strategy to decarbonise the economy by 2050. 2 years agoJuly 11, 2023
Schaeffler India appoints Hardevi Vazirani as new CFO In this position, she will succeed Satish Patel, who is retiring from the company on February 12, 2024, after a… 2 years agoJuly 11, 2023
VehicleCare gets undisclosed Pre-Series A funding led by JITO Angel Network The start-up says it will utilise the funds to enhance its proprietary technology, allowing for seamless integration with an expanding… 2 years agoJuly 11, 2023
CarTrade Tech lines up Rs 537 crore to acquire Olx India’s business In terms of financial turnover, Sobek’s revenue has grown from Rs 556.42 crore in FY2020 to Rs 1,110.40 crore in… 2 years agoJuly 11, 2023
China’s failed ‘truce’ in EV price war: Explained China’s auto market, the world’s largest, is on track to reach nearly 25 million vehicles in sales this year with… 2 years agoJuly 11, 2023
