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M&M posts record profit of Rs 10,282 crore for FY23

autherAutocar Professional Bureau     calendar26 May 2023

Successful launches such as the Scorpio-N, and XUV400 in the SUV segment as well as e-three wheelers enabled company's strong performance in automotive business.

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Tata Motors targets 1.5 lakh units CNG sales in coming 12-18 months

By Ketan Thakkar calendar26 May 2023

Tata Motors is betting on a dual cylinder CNG engine to drive the segment sales to 30% by 2030. The company is eyeing ...

M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore

autherAutocar Professional Bureau calendar26 May 2023

Following the sale, the company’s shareholding in CIE has become nil, M&M said in a regulatory filing.

Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report

autherAutocar Professional Bureau calendar26 May 2023

In 2015, the auto company had admitted to making use of software to circumvent emissions requirements in around 11 mil...

‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report

autherAutocar Professional Bureau calendar26 May 2023

Proven technology, economic feasibility, and marketability of the finished product besides import substitution were so...

Ford inks transaction with Tesla to get access to charging stations starting next year: Report

autherAutocar Professional Bureau calendar26 May 2023

Last year Tesla had announced that it would make available its charging design and network to other companies.

TVS Supply Chain Solutions’ R Dinesh appointed CII president

autherAutocar Professional Bureau calendar26 May 2023

TVS Supply Chain Solution’s executive vice-chairman, who has assumed office as the president of the Confederation of I...

Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US

autherAutocar Professional Bureau calendar26 May 2023

JV’s battery production, planned to start by end-2025 with an annual production capacity of 30 GWh, will support produ...

Hyundai and Kia renew FIFA partnership till 2030

autherAutocar Professional Bureau calendar26 May 2023

Korean carmakers to continue as FIFA’s official mobility partners, providing transportation, autonomous driving techno...

EVs drive European new car sales in April, SUV share rises to 51 percent

autherAutocar Professional Bureau calendar26 May 2023

While the overall car market grew by 16% to 960,191 units, battery electric vehicles accounted for 13% with 126,009 un...