Balu Forge Industries Ltd (BFIL) has announced its financial results for the second quarter of FY25, showcasing a remarkable performance marked by significant growth in profit and revenue. In its board meeting held on October 21, 2024, BFIL revealed that its profit after tax (PAT) surged by an impressive 106.9% year-over-year, reaching ₹481.4 million. Revenue […]
Landmark Cars Limited, one of India’s premier automotive retail businesses, is on a bold expansion drive, aiming to solidify its dominance in the Indian luxury car market. In a sensational move, the company announced that it has received a Letter of Intent from Mercedes-Benz India for the establishment of a new dealership in Patna, marking […]
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 […]
In an announcement that highlights the growing interconnection between artificial intelligence (AI) and the automotive industry, Google Cloud has unveiled an expansion of its strategic partnership with Mercedes-Benz. This collaboration is set to transform key customer experiences through the integration of AI and generative AI (gen AI) technologies, particularly on Google Cloud’s Vertex AI platform. […]
Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), a leading figure in India’s premium automotive retail sector, has recently received a significant nod from Mercedes-Benz India. The approval is for the establishment of a new workshop in Hyderabad, marking a pivotal expansion for the company into Southern India. Promoter’s Perspective on Expansion: Sanjay Thakker, the […]
Landmark Cars Limited, one of India’s leading premium automotive retail businesses, has announced a significant expansion in the state of West Bengal. The company has signed a Letter of Intent with Mahindra and Mahindra Limited to open a new dealership in Howrah. Operating under its wholly-owned subsidiary, Landmark Mobility Private Limited, the dealership will offer […]
Aston Martin has announced a supply agreement with Lucid Group, an electric vehicle (EV) technology firm, with an intent to create the best ultra-luxury high performance electric vehicles in the industry. This partnership forms a pivotal part of Aston Martin’s electrification strategy, powering its long-term growth and reinforcing its commitment to sustainability. The collaboration positions […]
Stellantis, in collaboration with TotalEnergies and Mercedes-Benz, celebrated the inauguration of Automotive Cells Company’s (ACC) battery gigafactory in Billy-Berclau Douvrin, France. This marks the first of three planned battery gigafactories in Europe and represents a significant step towards advancing electric vehicle (EV) technology. The newly inaugurated ACC battery gigafactory boasts an initial production line capacity […]
Car manufacturer Mercedes-Benz has broken ground on its new battery recycling facility in Kuppenheim, Germany to strengthen the site and accelerate the company’s sustainable business strategy “Electric Only”. The exact investment details of the battery recycling project were not disclosed. The hydrometallurgy pilot plant is being built in phases and anticipates to minimize resource consumption […]
Pod Point, a UK-based provider of electric vehicle (EV) charging solutions, said that it has bagged a contract from Mercedes-Benz. The contract from the German luxury car manufacturer will be for a couple of years. Under this, Pod Point will be a preferred supplier of domestic charge points to Mercedes-Benz. This will be on a […]