Kinetic Engineering Limited, a prominent name in India’s automotive components sector, has announced the elevation of Ajinkya Firodia to Vice Chairman and Managing Director. The leadership transition, effective immediately, is set to drive the company’s long-term strategic vision, reinforce its operational excellence, and bolster its global market footprint. This pivotal appointment marks a defining moment […]
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 […]
Tata Motors Limited reported a stagnant growth rate for its vehicle sales in October 2024, marking an overall flat trend compared to the same month in the previous year. The company recorded total sales of 82,682 vehicles, a slight decrease from the 82,954 units sold in October 2023, reflecting challenging conditions across domestic and international […]
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 […]
Tata Motors, a titan in the global automotive industry, has embarked on an ambitious new project by breaking ground on a state-of-the-art vehicle manufacturing plant in Tamil Nadu’s Ranipet district. This groundbreaking ceremony, held on September 28, 2024, signals a significant milestone in India’s “Make in India, For the World” initiative, aligning with the nation’s […]
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 […]
In a groundbreaking initiative to accelerate sustainable mobility in India, Tata Power Renewable Energy Limited and Tata Motors have signed a Memorandum of Understanding (MoU) to set up 200 fast-charging stations for electric commercial vehicles. These charging stations will be strategically located across major metropolitan cities such as Mumbai, Delhi, Chennai, Bengaluru, and Kolkata. This […]
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 […]
Tata Motors Limited has reported a notable drop in its sales figures for August 2024, with a total of 71,693 units sold. This represents a decline from the 78,010 units sold during the same period in 2023. The downturn is reflected across both commercial vehicles (CV) and passenger vehicles (PV) sectors. In the domestic market, […]
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 […]
