Tata Elxsi sees smart uptick in profit in FY2023 Tata Elxsi further benefited from the key strategies deployed over the last two years, which Raghavan says has played out… 2 years agoMay 18, 2023
FADA asks for immediate GST reduction on two-wheelers to 18% FADA says over the past few years, the prices of various two-wheelers have risen significantly, impacting their affordability for consumers… 2 years agoMay 18, 2023
Auto dealers’ revenue to grow by upto 13% in FY2024 says ICRA The report further states that in the last two years, the inventory levels for automobile dealers declined, given the impact… 2 years agoMay 18, 2023
Auto financiers diversify portfolio to maintain AUM growth, NIMs According to Centrum Institutional Research, the net interest margin (NIM) of vehicle finance is expected to compress by around 20-60… 2 years agoMay 17, 2023
Sona Comstar and Equipmake ink tech licensing agreement for electric powertrains Sona Comstar will manufacture drive motors, inverters, and drive trains for the target applications and supply them to its customers… 2 years agoMay 16, 2023
Diversification and EV bet helps Greaves Cotton see robust growth in FY2023 The company has reported highest-ever consolidated revenue of Rs 827 crore in Q4 FY2023, up 33 percent YoY, the EBITDA… 2 years agoMay 12, 2023
UVeye raises $100 million in Series D funding The funding will be used to start production of UVeye inspection systems in North America, support further sales growth in the… 3 years agoMay 10, 2023
Inflationary pressure, high input costs and forex impact Castrol India’s Q1 CY2023 earnings During the year the company expanded its presence in service and maintenance. It now has over 300 Castrol Auto Service… 3 years agoMay 9, 2023
Maruti’s catch-up drive The car giant misread the markets for both SUVs and EVs, but recent initiatives suggest it’s better late than never 3 years agoMay 4, 2023
ZF, KPIT to co-promote Qorix’s automotive middleware products and solutions At present, Qorix is a subsidiary of KPIT, fully focused on middleware solution development. ZF shall invest 50 percent towards… 3 years agoMay 4, 2023
FADA says PV retail sales decline after 8 months in April, GST on two-wheelers needs to be reduced A total of 12,29,911 two-wheelers, 70,298 three-wheelers, 282,674 passenger vehicles, 55,835 tractors and 85,587 commercial vehicles were sold last month. 3 years agoMay 4, 2023
Uno Minda announces key leadership changes; CFO Sunil Bohra to take up additional responsibility Sunil Bohra, Group CFO, will take on the additional responsibility of CEO, Safety and Comfort Systems (SCS Domain). Ravi Mehra… 3 years agoMay 9, 2023
India operations generate 400 million Euro revenue for Mahle in 2022, in advance talks to supply thermal management solution In India, Mahle has established 13 factories, employs 4,500 people, and considers the country an important market globally. 3 years agoApril 25, 2023
SUVs inch ahead of hatchbacks in sub-4 metre category The market share of premium hatchbacks on an overall basis declined to 17.3% from 19.6% in FY22. In FY21, their… 3 years agoApril 22, 2023
Shanghai Auto Show 2023: German automakers fight Chinese rivals to defend their turf German carmakers’ total market share in the country rose from 19.9% in 2015 to 24.6% in 2019, but has fallen… 3 years agoApril 20, 2023
Robust PV and two-wheeler demand drive India auto sales over 21 million in FY2023 The FY2023 was the first normal year post pandemic, and factors such as new model launches, infrastructure growth, and underlying… 3 years agoApril 13, 2023
Electric 2W makers may redraw strategy after poor end to FY23 The electric two-wheeler (e2W) market ended FY23 at around 700,000 units, 30% short of the projected one million units set… 3 years agoApril 10, 2023
EV cab company BluSmart plans to test international waters BluSmart, a startup which owns and operates an all-electric vehicle (EV) fleet on its ride-hailing platform, and is giving Ola… 3 years agoApril 9, 2023
