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Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance

Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance

Ketan Thakkar, Shahkar Abidi and Shruti Mishra     calendar12 May 2023

In FY23, the business recorded an all-time high revenue of Rs 3.46 lakh crore with an EBITDA of Rs 37,000 crore and a profit before tax of Rs 1,500 crore.

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India to get 3 ports for green hydrogen storage by 2030 News
India to get 3 ports for green hydrogen storage by 2030

By Amit Vijay M calendar12 May 2023

The three key hydrogen storage hubs identified are Paradip Port in the east, Deendayal Port in Kandla, and V. O. Chida...

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Castrol adds range of premium Auto Care products to its portfolio News
Castrol adds range of premium Auto Care products to its portfolio

autherAutocar Professional Bureau calendar12 May 2023

The new range of products include, Castrol Chain Cleaner, Castrol Chain Lube, Castrol 3-in- 1 Shiner, Castrol 1-Step P...

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Central Consumer Protection Authority orders 5 e-commerce giants to stop selling seat belt alarm stopper clips News
Central Consumer Protection Authority orders 5 e-commerce giants to stop selling seat belt alarm stopper clips

autherAutocar Professional Bureau calendar12 May 2023

Nidhi Khare, Chief Commissioner, CCPA has passed orders against e-commerce majors — Amazon, Flipkart, Snapdeal, Shopcl...

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Pricol reiterates use of legal and financial measures against Minda Corp's News
Pricol reiterates use of legal and financial measures against Minda Corp's "hostile takeover" attempt

By Shahkar Abidi calendar11 May 2023

The CCI is likely to examine whether the initial acquisition of 15.7% was purely a financial investment or a strategic...

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Hyundai Motor India to invest Rs 20,000 crore in Tamil Nadu for developing electric vehicles News
Hyundai Motor India to invest Rs 20,000 crore in Tamil Nadu for developing electric vehicles

autherAutocar Professional Bureau calendar11 May 2023

The company has also announced plans to further expand total production volumes to 850,000 units per year and introduc...

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Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump News
Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump

autherAutocar Professional Bureau calendar11 May 2023

The corresponding operative revenues increased to Rs 4,063 crore during Q4FY23, a jump of 22.7% compared to Rs 3311 cr...

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Geely and Changan in strategic alliance for drivetrains, platforms, tech News International
Geely and Changan in strategic alliance for drivetrains, platforms, tech

autherAutocar Professional Bureau calendar11 May 2023

The two Chinese giants plan to explore opportunities in new energy technologies, vehicle intelligence, new energy powe...

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Toyota Kirloskar Motor wins CII-ITC sustainability award for excellence in biodiversity News National
Toyota Kirloskar Motor wins CII-ITC sustainability award for excellence in biodiversity

autherAutocar Professional Bureau calendar11 May 2023

TKM recognised for its multi-fold efforts dedicated to conserving the environment by not just improving products and p...

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Pricol reports 75.3% jump in net profit at Rs 29.80 crore in Q4FY23 News
Pricol reports 75.3% jump in net profit at Rs 29.80 crore in Q4FY23

autherAutocar Professional Bureau calendar10 May 2023

The company's revenues from operations stood at Rs 509.69, a jump of 23.8% versus revenues of Rs 415.80 crore, in the ...

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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

 

63.68%

No

 

36.32%

Total Votes : 691