Page 17 - Auto Industry

Eicher Motors Q4 results: Profit up 27%; Royal Enfield sets sales record

Eicher Motors reported record Q4 and FY25 results, with 27% rise in profit, record Royal Enfield sales, and plans to launch its first electric bikes in FY26

Tariff truce prompts Chinese auto-parts makers to rethink US investment

The 90-day temporary easing of US tariffs on China has introduced a high level of uncertainty, with the Chinese auto sector weighing the short-term and long-term impact

Next stop for BluSmart's electric vehicles could be Everest Fleet

Company plans to purchase BluSmart EVs and integrate them under Uber Green; talks underway with multiple lenders; decision based on pricing and quality

Tesla scouts for land in Satara to set up completely knocked down unit

Last week, Tesla's India head Prasanth Menon stepped down. A Tesla's China team will now oversee the EV maker's India operations

Mercedes-Benz India focuses on deep localisation as forex hit push costs up

Luxury carmaker to raise prices in two phases in 2025 due to forex pressures while expanding localisation to protect margins and banking on India's economic resilience

Motherson Sumi Wiring India Q4 profit declines 13.85 pc to Rs 164.93 cr

Auto components maker Motherson Sumi Wiring India Ltd on Friday reported a 13.85 per cent decline in net profit at Rs 164.93 crore in the March quarter impacted by higher expenses and raw material cost. The company posted a net profit of Rs 191.44 crore in the same quarter previous fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations in the fourth quarter stood at Rs 2,509.52 crore as against Rs 2,232.67 crore in the year-ago period, it added. MSWIL further said total expenses during the quarter were higher at Rs 2,291.44 crore as compared to Rs 1,986.54 crore in the corresponding period a year ago. Cost of materials consumed was higher at Rs 1,592.7 crore as compared to Rs 1,419.1 crore in the year-ago period. For 2024-25, profit was at Rs 605.86 crore, down from Rs 638.3 crore in 2023-24, the company said. In FY25, total revenue from operations stood at Rs 9,320.28 crore as against Rs 8,328.25 crore in FY24, it added.

Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip

The move is important as it comes at a time when the app-based mobility space - both business-to-business (B2B) and business-to-consumer (B2C) - has been under a cloud

Hyundai Creta remains most sold car for the second straight month

Maruti Wagon R slipped from the top 5 list, after achieving the second and fourth positions in February and March, respectively

Ola again makes it to top spot in sales in April; e2W market share at 22.4%

The impact of the government subsidy on escooters, which has been halved to ₹5,000 from April 1, is clearly taking its toll on overall sales of e2Ws

Sundram Fasteners Q4 results: Net profit dips 7% to ₹124 cr, revenue up 4%

The company's consolidated revenue for the quarter ended March 31, 2025, was Rs 1,537.78 crore, up 4 per cent, as against Rs 1,477.70 crore during the same period in the previous year

Eka Mobility aims to manufacture 10,000 e-buses annually by FY27

According to Mehta, Eka plans to bring in a new product every six months across its commercial vehicle (CV) segments

Launch thrust to power volume engine of PV maker Maruti Suzuki India

Firing on all cylinders: New models to steer it through cost bumps, sector drag

Centre plans to procure 14,028 electric buses in multiple tranches

The Centre has received a demand of 15,400 e-buses from four states (Gujarat, Telangana, Karnataka and Delhi,) of total 7, including around 2,500 from Delhi

Only 12% Indian households can afford to buy car: Maruti's R C Bhargava

Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26

Stellantis to launch Leapmotor EVs in India to boost mobility drive

The entry of the Leapmotor brand into the market aligns with Stellantis' ambition to drive innovation and expand its EV footprint in one of the world's fastest-growing automotive landscapes

HMIL signs MoU with IOC to explore mass use of hydrogen fuel cell vehicle

As a part of the MoU, the South Korean carmaker has handed over one Hyundai Nexo - a hydrogen fuel cell electric vehicle - to Indian Oil for conducting real-world tests on Indian roads

India's auto sector sees $1.5 billion in deals in Q1 2025 despite IPO lull

Mergers and acquisitions (M&A) continued to gain momentum, recording nine deals worth $359 million-marking the third straight quarter of growth

PM E-DRIVE scheme: TaMo, Maruti, two others seek to make e-ambulances

While Force Motors and Tata Motors have committed in writing, MSIL and EKA - a startup that produces electric buses and small electric commercial vehicles

Auto launches may jump-start Q4FY25 revenue, but margins could stall

Richer product mix to drive Ebitda growth; margins under pressure due to rising input costs, discounting, ad-spends

Madhur Bajaj, former vice chairman of Bajaj Auto, passes away at 73

At the time of stepping down, he had said, "I believe now is the time for me to pursue my other interests and commitments"