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BYD plans to drop US$ 1-billion EV investment plan, informs India JV partner: Report

BYD plans to drop US$ 1-billion EV investment plan, informs India JV partner: Report

autherAutocar Professional Bureau     calendar28 Jul 2023

In the initial review, officials from three Indian ministries, including finance and external affairs, raised what two Indian officials described as security concerns about investment from the Chinese company and signalled opposition.

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Exide Q1 net profit up 11% at Rs 224 crore News
Exide Q1 net profit up 11% at Rs 224 crore

autherAutocar Professional Bureau calendar28 Jul 2023

The company’s revenue in Q1FY24 increased 5.6 percent to Rs 4,245.5 crore from Rs 4,021.7 crore in the same period yea...

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Motherson Sumi Wiring India Q1 profit drops 2% to Rs 123 crore in Q1 FY24 News
Motherson Sumi Wiring India Q1 profit drops 2% to Rs 123 crore in Q1 FY24

autherAutocar Professional Bureau calendar28 Jul 2023

Revenue growth was driven by increasing content per vehicle and a favourable product mix. The company also saw signifi...

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Audi Group revenue increases to Euro 34.2 billion in the first half of 2023 News International
Audi Group revenue increases to Euro 34.2 billion in the first half of 2023

autherAutocar Professional Bureau calendar28 Jul 2023

“Audi has shown a strong financial performance in the first six months and is fully within the target corridor for ope...

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Piaggio Group reports net profit of Euro 68 million for first half of 2023 News International
Piaggio Group reports net profit of Euro 68 million for first half of 2023

autherAutocar Professional Bureau calendar28 Jul 2023

The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for the fir...

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Sundram Fasteners Q1 profit down 7% at Rs 129cr News
Sundram Fasteners Q1 profit down 7% at Rs 129cr

autherAutocar Professional Bureau calendar28 Jul 2023

The company's revenue from operations also dipped 2% in Q1 FY24 at Rs 1,215.65 crore.

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Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers News International
Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers

autherAutocar Professional Bureau calendar28 Jul 2023

New Supplier CO2 Emission Monitoring System (SCEMS) to help establish a sustainable supply chain; integration of AI an...

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Onsemi and Magna target growing global EV market, invest in SiC manufacturing News International
Onsemi and Magna target growing global EV market, invest in SiC manufacturing

autherAutocar Professional Bureau calendar28 Jul 2023

Magna to integrate onsemi EliteSiC into its traction inverter solutions to improve range and efficiency of electric ve...

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Car and bike OEMs in India recall 5.4 million vehicles since 2012 Analysis Report
Car and bike OEMs in India recall 5.4 million vehicles since 2012

By Ajit Dalvi calendar28 Jul 2023

In what is a sign of a maturing market with increased awareness about vehicle safety and customer satisfaction, OEMs i...

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Tesla created secret team to suppress thousands of driving range complaints: Report News
Tesla created secret team to suppress thousands of driving range complaints: Report

autherAutocar Professional Bureau calendar27 Jul 2023

Tesla allegedly inflated vehicle range estimates through software algorithms and had a "Diversion Team" to cancel rang...

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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 : 693