Lumax Auto Technologies Limited, a major player in the Indian automotive components sector, reported remarkable financial results for the second quarter (Q2) and first half (H1) of FY25, showcasing the highest-ever single-quarter revenue figures. Lumax’s strategic business moves, including the planned acquisition of Greenfuel Energy Solutions Private Limited, underpin this robust performance. In Q2FY25, the […]
In a strategic move to embrace the festive fervour and bolster its position in the premium hatchback segment, Maruti Suzuki India Limited (MSIL) has introduced the Baleno Regal Edition. The latest version of the New Age Baleno, available for a limited period across all variants, including automatic and CNG models, aims to woo customers with […]
Hyundai Motor India is gearing up to launch one of the most anticipated IPOs in recent memory, marking the first public issue by an automaker in India since Maruti Suzuki’s landmark listing in 2003. The Hyundai India IPO is set to open on October 15 and is expected to fetch up to ₹27,870 crore ($3 […]
Lumax Auto Technologies Limited, a leading automotive systems and components supplier in India, has announced its entry into the green and alternate fuels segment by acquiring a majority stake in Greenfuel Energy Solutions Private Limited. This acquisition is seen as a critical step in diversifying Lumax Auto Technologies’ portfolio, aligning with the increasing focus on […]
Swiss investment bank UBS has doubled down on its pessimistic view of Tata Motors Limited, reiterating a ‘Sell’ rating on the company’s stock due to what it perceives as significant overvaluation and looming risks associated with its luxury vehicle division, Jaguar Land Rover (JLR). UBS set a price target of INR 825.00, suggesting that the […]
Lumax Auto Technologies Ltd., a prominent player in the automotive components industry, has announced its unaudited financial results for the first quarter of the fiscal year 2025, ending June 30, 2024. The company reported impressive growth across key financial metrics, highlighting a robust performance despite the broader economic context. Impressive Revenue and Profit Growth Lumax […]
Punjab & Sind Bank has reported impressive financial results for the first quarter of FY25, ending June 30, 2024. The bank has showcased considerable growth across various metrics, underscoring its robust financial health and strategic focus on expanding its customer base and product offerings. Strong Growth in Business and Deposits The bank’s total business saw […]
Maruti Suzuki India Limited (MSIL) has broadened its popular FRONX Velocity Edition across all 14 variants of the SUV, including the 1.2L (Petrol and CNG) and 1.0L powertrain options, available in both manual and automatic transmissions. The FRONX 1.2L Velocity Edition Sigma variant is priced attractively at ₹7.29 lakh (ex-showroom) for a limited time. Building […]
At the Vibrant Gujarat Global Summit 2024, Suzuki Motor Corporation (SMC) President Toshihiro Suzuki declared two substantial investments in Gujarat. These initiatives are set to bolster Maruti Suzuki’s manufacturing prowess in India, with a focus on sustainable mobility options. New Automobile Production Plant Maruti Suzuki India Ltd has reached an understanding with the State of […]
Maruti Suzuki India Limited marked a remarkable achievement in the automotive industry by announcing its highest-ever quarterly sales, net sales, and net profit for Q2 (July-September) FY 2023-24. The company’s financial results, approved by its Board of Directors, showcased a substantial growth trajectory. In the mentioned quarter, a striking sale of 552,055 vehicles was recorded, […]
