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 […]
Pennar Industries Limited (PIL), a major player in India’s engineering sector, reported robust growth in profit for Q2 FY25, despite a decline in revenue. The company disclosed a net profit increase of 20.17% year-over-year, reaching INR 26.87 crore, while pre-tax profit (PBT) rose by 21.26% to INR 36.05 crore. However, consolidated total income dropped by […]
Japan is grappling with the aftermath of Typhoon Shanshan, one of the most powerful storms to hit the nation in decades, which has left a trail of destruction, multiple fatalities, and widespread disruption. The typhoon slammed into the southern island of Kyushu on Thursday with wind speeds reaching 252 km/h, causing at least five deaths, […]
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 […]
Toyota Motor North America and local energy utility Pepco are pioneering an initiative in the realm of battery electric vehicles (BEVs) with their recent collaboration on vehicle-to-grid (V2g) technology. Utilizing the Toyota bZ4X model, this partnership aims to revolutionize how BEVs interact with the energy grid, enabling not just vehicle charging but also allowing vehicles […]
Toyota is set to further expand its U.S. manufacturing capabilities with a substantial $1.4 billion investment at its Princeton, Indiana facility. This investment aims to support the assembly of an all-new, three-row battery electric SUV, marking a significant step in Toyota’s commitment to enhancing its electric vehicle (EV) lineup and reinforcing its investment in U.S. […]
Toyota has revealed a significant $1.3 billion investment in its flagship Kentucky manufacturing facility, marking a pivotal step towards the future of electrification with the introduction of an all-new, three-row battery electric SUV for the U.S. market. This investment raises the total commitment to the Kentucky plant to nearly $10 billion, emphasizing Toyota’s dedication to […]
Toyota has dramatically escalated its commitment to vehicle electrification with a new investment of nearly $8 billion in Toyota Battery Manufacturing North Carolina (TBMNC). This injection of funds increases the total investment to an impressive $13.9 billion and is expected to generate over 5,000 jobs. This strategic move aligns with Toyota’s commitment to a diverse […]
