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    Ashok Leyland reports loss of Rs 389 crore for Q1 FY2021

    Commercial vehicle major Ashok Leyland has announced its financial result for the first quarter of fiscal 2021. The company reported revenue of Rs 651 crore for Q1 FY2021 (-88.54%) as against Rs 5,684 crore for the same period last year, and a loss after tax of Rs 389 crore (-269%), compared to a profit of Rs 230 crore a year ago. The company says the results was owing to the lock down...

    • an hour ago
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    MoRTH allows electric two- and three-wheelers to be sold without batteries to lower upfront cost

    The electric vehicle industry may finally get a new charge in India, with a slew of announcements made by state and central government to enable higher adoption of electric vehicles. In a slew of announcements heard in the last few days, the latest one comes from the Ministry of Road Transport & Highways (MoRTH) that aims to lower the upfront...

    • 2 hrs ago
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    MG Gloster to get advanced driver assistance tech

    The MG Gloster made its India debut earlier this year at Auto Expo 2020, and the full-size SUV is set to be MG Motor India's fourth launch in our market. Now, the company has shared a new teaser video, revealing some of the features the MG Gloster will come with. The 38-second clip doesn't give much away, but includes a mention of the advanced driver assistance features the MG...

    • 3 hrs ago
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    Isuzu Motors India, TVS Automobile Solutions inaugurate first multi-brand service facility

    Japanese auto maker Isuzu Motors India and TVS Automobile Solutions (TASL), a leading automotive aftermarket solutions company have inaugurated a multi-brand MyTVS facility at Torque Isuzu in Ahmedabad. This facility will deliver multi-brand services under the brand - MyTVS. Under the partnership, Isuzu dealer partners who have additional capacity can...

    • 3 hrs ago
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    Bharat Forge posts loss of Rs 56 crore in Q1 FY2021

    Bharat Forge, part of the $3 billion (Rs 22,203 crore) Kalyani Group has announced its financial results for Q1 FY2021. The company reported revenue of Rs 427 crore, (-68%), and a loss of Rs 56.3 crore, compared to a profit of Rs 174 crore for the same period last year. The company's business has been impacted due to the Covid-19 pandemic, that has resulted in lower-than-expected sales,...

    • 3 hrs ago
  • News-International

    Tata Motors and Group companies, partner BreezoMeter for in-cabin pollution management

    Tata Motors, Tata Motors European Technical Centre (TMETC) and Tata Elxsi have joined forces with Israel-based BreezoMeter, a location-specific, real-time global air pollution, pollen and active fires data provider. The move will further enhance the goal of both organisations within the industry and help to strengthen the future of in-cabin safety and...

    • 3 hrs ago
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    Vitesco's drive control unit powers Volkswagen ID.3 electric car

    Vitesco Technologies, a global supplier of powertrain technologies and electrification solutions is looking to be at the forefront of electric mobility. The company has developed new server-based drive control unit for the Volkswagen Group's new modular electric drive platform (MEB). Vitesco's drive control unit is being used for the Volkswagen ID.3 electric vehicle. ...

    • 6 hrs ago
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    UVs lead passenger vehicle revival in July, CVs under pressure still

    The Society Of Indian Automobile Manufacturers (SIAM) - the unified body of major vehicle manufacturers in India - today announced the industry's sales performance for July. While the market's mood is muted still, there are some green shoots of recovery. The passenger vehicle (PV) segment registered an overall year-on-year (YoY) decline of 3.86 percent in sales at...

    • yesterday
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    Motherson Sumi Systems reports loss of Rs 810 crore for Q1 FY2021

    Tier 1 supplier Motherson Sumi Systems (MSSL) has announced its financial results for Q1 FY2021, with revenue of Rs 8,431 crore (-49%), and net loss of Rs 810 crore, compared to a profit of Rs 332 crore for the same period last year. The company says just like the overall industry, its Q1 FY2021 results was severely impacted by Covid-19 pandemic, and hence the results are not...

    • yesterday
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    Skoda Auto inaugurates new dealership in Bangalore, aims to expand south India reach

    Skoda Auto inaugurated a new state of the art dealership facility in Bangalore, PPS Motors. With this 4,500 square feet modern showroom Skoda Auto India aims to strengthen its position in Karnataka and establish a strong foothold in the southern markets. The Czech auto manufacturer, under the purview of its 'India 2.0' project, aims to have at least...

    • yesterday

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