Auto Industry News

MG Motor India is gearing up to launch the new 2023 Hector in our unveil the new Hector in our market on January 05, 2023 and the company has already teased the updated SUV giving us an idea of modifications made to the Hector's design and interior.

Driven by the strong demand for its new launches, Mahindra & Mahindra beats industry estimates recording a healthy 46 per cent uptick in Q2 FY2023 net profit while its PAT in H1 FY2023 went up by 54 per cent.

The commercial vehicle manufacturer reported that revenue in the quarter grew to Rs. 8,266 crore, up from Rs. 4,458 crore.

Last month, the auto sector cumulatively sold 1,923,032 units in India, witnessing a 6.1 per cent growth compared to 1,810,856 vehicles sold in October 2021. These numbers include passenger vehicles, three-wheelers, two-wheelers, and quadricycles.

Mahindra will remain a co-shareholder to support new product launches and strong growth in the coming years.

Eicher Motors has announced that it registered highest ever quarterly revenue and profits, in Q3 FY2022-23.

Profit after tax was down 11.18 per cent year on year in the second quarter though PAT was up 20.69 per cent in the first half of FY2023.

Volvo Group's TechLab has been designed as a collaborative virtual workspace that can create a simulated workshop environment - using technologies like virtual reality, human body motion tracking and realistic digital rendering of vehicles.