Auto Industry
Seshan Vijayraghvan
Aug 13, 2021, 9:31 PM
Eicher Motors Limited, the parent company of Royal Enfield, reported a total revenue of Rs. 1,974 crores, while the Profit After Tax (PAT) stood at Rs. 237 crores as compared to a loss of Rs. 55 crores that was reported in the Q1 of FY 2020-21.
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car&bike Team | Aug 13, 2021Tesla Asked To Increase Localisation, Share India Plans Before Getting Tax BreaksTesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.1 min read
Sameer Contractor | Aug 13, 2021Prime Minister Modi Launches The Voluntary Automotive Scrappage Policy In IndiaLaunched at the Investor Summit in Gujarat, the vehicle scrappage policy aims to reduce the import of scrap and raw materials, while also help to decongest public roads from polluting vehicles.1 min read
car&bike Team | Aug 13, 2021Hero MotoCorp Net Profit Grows 496% In Q1 FY 2022Hero MotoCorp despatched 10.25 lakh motorcycles and scooters during the April to June 2021 quarter, and reported a four-fold increase in net profit.1 min read
Seshan Vijayraghvan | Aug 13, 2021Ampere Vehicles Achieves 1 Lakh EV Sales Milestone In IndiaAmpere Vehicles, the e-mobility business of Greaves Cotton Limited has announced achieving a new sales milestone of 1 lakh electric scooters in India. The 1 lakh milestone comprises both brands, Ampere and ELE, the electric three-wheeler brand of Greaves Cotton.1 min read
Shubham Parashar | Aug 13, 2021Goodyear India Registers Net Profit Worth Rs. 27 Crore In Q1 FY2022Goodyear India is experiencing strong demand in the replacement market as well as on the OEM side as sales have picked up both for new cars, as well as in the used car market.1 min read
Reuters | Aug 12, 2021China's Tech Crackdown Thwarts Pony.ai's U.S. Listing PlansThe Committee on Foreign Investments in the United States, which reviews deals of companies with foreign ties for potential national security risks, has also been scrutinizing SPAC deals.1 min read
Shubham Parashar | Aug 12, 2021Force Motors Records 6486 Units In April-July PeriodForce Motors sold 6,486 units in the same period as compared to 2,311 units sold in the first four months of the previous year, including both domestic and exports.1 min read
Sahil Gupta | Aug 12, 2021Mahindra XUV 700 To Launch With 12 Speaker Custom Sony Sound SystemSony has also tuned the sound system and claims that its spatial audio technology which provides a 360 spatial experience will also be included.1 min read
