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Munjal Showa reports 3.6% YoY decline in FY24 profit

Munjal Showa reports 3.6% YoY decline in FY24 profit

Kiran Murali     calendar29 May 2024

The Gurugram-based auto component maker’s net profit for the year came in at Rs 30.8 crore, while its fourth-quarter net profit totaled Rs 7.8 crore.

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Fiem Industries earmarks capex of Rs 250–300 crore for three years News
Fiem Industries earmarks capex of Rs 250–300 crore for three years

By Shahkar Abidi calendar29 May 2024

The company had a capex of Rs 85.86 crore in FY24.

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Samvardhana Motherson's FY24 profit jumps 82% YoY, Q4 profit up 110% News
Samvardhana Motherson's FY24 profit jumps 82% YoY, Q4 profit up 110%

By Kiran Murali calendar29 May 2024

The auto component maker reported a consolidated net profit of Rs 2,716 crore for FY24, while its fourth-quarter net p...

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Mitsubishi Electric and Aisin to set up JV for EV components News International
Mitsubishi Electric and Aisin to set up JV for EV components

autherAutocar Professional Bureau calendar29 May 2024

The JV will develop, produce and sell traction motors, power converters and their control software, which will be opti...

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Talbros Automotive revs up expansion as capacity hits peak News
Talbros Automotive revs up expansion as capacity hits peak

By Shahkar Abidi calendar28 May 2024

The company has taken up a new premise on rent in Chakan, in Pune and the supplies are expected to kick start beginnin...

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Amara Raja FY24 net profit up 24% YoY; Q4 profit grow 62% News
Amara Raja FY24 net profit up 24% YoY; Q4 profit grow 62%

By Kiran Murali calendar28 May 2024

For the financial year 2024, the battery maker posted a net profit of Rs 905.9 crore, while its fourth-quarter net pro...

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Rico Auto Industries expands footprint with land acquisition in Hosur News
Rico Auto Industries expands footprint with land acquisition in Hosur

By Shahkar Abidi calendar28 May 2024

The development comes amidst declining sales in FY24; finds solace in enhanced businesses from Maruti Suzuki and Toyot...

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Bosch in talks with several vehicle makers to offer hybrid solutions News
Bosch in talks with several vehicle makers to offer hybrid solutions

By Kiran Murali calendar28 May 2024

Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director, Bosch Limited noted that OEMs are op...

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Bosch expects 10-15% of trucks sold in India to be H2ICE by 2030 News
Bosch expects 10-15% of trucks sold in India to be H2ICE by 2030

By Kiran Murali calendar28 May 2024

“Hydrogen ICE is currently undergoing a design maturity phase with most OEMs. We are working with them quite closely,”...

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NDR Auto Components to expand operations near Maruti, Kia plants after hitting capacity News
NDR Auto Components to expand operations near Maruti, Kia plants after hitting capacity

By Shahkar Abidi calendar28 May 2024

Pranav Relan, Whole-time director of the company, said, " Utilisations at our facilities across Haryana, Bangalore and...

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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