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Motherson Sumi Wiring Q1 revenue up 17%, profit rises 21%, EV biz jumps 50%

Motherson Sumi Wiring Q1 revenue up 17%, profit rises 21%, EV biz jumps 50%

autherAutocar Professional Bureau     calendar07 Aug 2024

MSWIL, which is a leading supplier to India’s top-selling passenger vehicles as well as electric two-wheelers, registered revenue of Rs 2,185 crore, while profit after tax was Rs 149 crore. EV revenues have risen by 50% year on year.

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BorgWarner to supply BEV electric cross differential to three global OEMs News International
BorgWarner to supply BEV electric cross differential to three global OEMs

autherAutocar Professional Bureau calendar07 Aug 2024

Tier 1 supplier wins contracts from GAC Motor, an East Asian OEM and a European carmaker to supply its eXD which helps...

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Hyundai Transys targets zero production defects with AI technology News International
Hyundai Transys targets zero production defects with AI technology

autherAutocar Professional Bureau calendar05 Aug 2024

In-house-developed AI system, which uses high-quality component X-ray images, has improved inspection accuracy from 93...

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JK Tyre reports 33% profit in jumps amid shifting market dynamics News
JK Tyre reports 33% profit in jumps amid shifting market dynamics

By Shahkar Abidi calendar03 Aug 2024

Strong exports and replacement demand offset OEM slowdown, as company navigates raw material costs and domestic market...

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ASK Automotive forms joint venture with Japan-based AISIN Group News
ASK Automotive forms joint venture with Japan-based AISIN Group

autherAutocar Professional Bureau calendar01 Aug 2024

JV aims to strengthen the companies' presence in the Independent After Market (IAM) for passenger car parts in India.

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Balu Forge Industries reports strong Q1 FY25 results News
Balu Forge Industries reports strong Q1 FY25 results

autherAutocar Professional Bureau calendar31 Jul 2024

For Q1 FY25, BFIL registered a 55.99% year-on-year increase in revenue, reaching ₹175.31 crores compared to ₹112.39 cr...

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BorgWarner wet clutch and HCM used in hybrid transmission for made-in-China Buick GL8 Cover Story
BorgWarner wet clutch and HCM used in hybrid transmission for made-in-China Buick GL8

autherAutocar Professional Bureau calendar31 Jul 2024

As the first large and medium-sized two-speed plug-in hybrid transmission produced by General Motors in China for the ...

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ASK Automotive’s Q1FY24 net profit grows 63% YoY News
ASK Automotive’s Q1FY24 net profit grows 63% YoY

By Kiran Murali calendar29 Jul 2024

The auto component maker saw robust improvement in all three businesses while volumes and cost optimization initiative...

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Brose develops acoustic warning system for electrified vehicles News International
Brose develops acoustic warning system for electrified vehicles

autherAutocar Professional Bureau calendar27 Jul 2024

Brose has developed its own AVAS (Acoustic Vehicle Alerting System) that generates artificial driving noise at speeds ...

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ZF Group to reduce workforce in Germany by 11,000-14,000 by 2028 News International
ZF Group to reduce workforce in Germany by 11,000-14,000 by 2028

autherAutocar Professional Bureau calendar27 Jul 2024

Due to strong competition, cost pressure and weak demand for electric vehicles, the restructuring will focus on the El...

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

63.49%

No

 

36.51%

Total Votes : 578