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Auto and Transport Industry News
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SANY’s SKT110Ei enters South America as Chinese mining automation takes on entrenched rivals
SANY’s first South American SKT110Ei shipment combines electric autonomous trucks, cloud dispatching and mine-site support, but the undisclosed customer and fleet size leave the commercial scale of the breakthrough to be proven.
Trainline (LSE: TRN) shares plunge as CMA opens drip-pricing investigation into booking fees
Trainline shares plunged after a CMA booking-fee probe, adding regulatory pressure as Great British Railways reshapes the UK rail ticket market.
IRCTC catering drove 88% of Q1 revenue growth, but profit barely moved
Indian Railway Catering and Tourism Corporation Limited grew Q1 FY27 revenue 18%, but profit stayed near ₹330 crore as catering became a much larger part of the mix and internet-ticketing margins weakened. Rising UPI usage now adds another monetisation challenge to its dominant railway platform.
Einride stock reverses despite 500 Tesla Semi deal as losses overshadow 60% growth outlook
Einride plans 500 Tesla Semis and expects 60%–73% H2 growth, but shares reversed as heavy losses and cash burn raised execution questions.
Pony AI Robotaxi sales reach $12.1m as fleet targets 3,500 vehicles by year-end
Pony AI Robotaxi revenue surged 691% as its fleet neared 2,000 vehicles. See how global expansion is testing the path to profitability.
GMR Airports income rises 23% as traffic barely moves, but Rs 5,000cr funding plan widens the next test
GMR Airports Limited lifted Q1 FY27 total income 23% and returned ₹148 crore of profit despite subdued passenger growth. With Bhogapuram and Nagpur joining the portfolio and up to ₹5,000 crore of new funding authorised, the next phase is increasingly about cash returns and balance-sheet discipline.
Yulu targets 200,000-vehicle fleet after $93m financing as IPO revenue gap comes into focus
Yulu has raised $93 million to expand from 50,000 to 200,000 electric two-wheelers and enter more Indian cities. The funding strengthens its last-mile delivery platform, but management’s ₹1,200 crore to ₹1,500 crore revenue ambition means the business must scale far beyond simply adding vehicles.
NFI Group’s backlog shrank 10.6% as earnings surged. How can both be true?
NFI's backlog shrank, but firm orders grew, margins improved and guidance rose. Here is what the option decline means for NFI stock.
Traxtion adds 46 locomotives and 920 wagons as South Africa opens freight rail to private capital
Traxtion is investing R3.4 billion in locomotives and wagons as South Africa, Zambia, Angola and other mineral economies open rail to private capital.
A.P. Moller – Maersk A/S turned $2.35bn of extra Ocean revenue into $1.13bn of EBIT in Q2
A.P. Moller - Maersk A/S increased Ocean revenue by $2.35 billion from Q1 to Q2 while segment EBIT improved by $1.13 billion. The implied incremental conversion was about 48%, showing how violently freight-rate changes can move shipping profits.