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Elgi Equipments releases Q4 FY24-25 results
The company, on a consolidated basis posted a PAT of Rs 947 million for the quarter, compared to a PAT of Rs 913 million in the same period in 2023-2024, representing a growth of 4%. Read more
o9 and Valeo to drive digital transformation with seven year partnership
This partnership between o9 and Valeo is the result of Valeo’s effort to consistently improve its operations for better competitiveness and enhanced service to its customers.Read more
Inteva Products expands Pune plant to meet growing automotive demand
In addition to its Pune facility, Inteva operates a technical centre in Bengaluru with a team of 317, including 200 engineers, who support product development and engineering for global and Indian operations.Read more
Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector
Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more
Telangana’s T-Hub partners with Japanese auto manufacturer Denso
With major players like Mahindra & Mahindra, Bharat Forge, Exide, and Amara Raja Batteries setting up advanced manufacturing facilities, the state is transforming into a hub for both traditional automotive components and electric vehicle technologies.Read more
Mahindra debuts electric origin SUVs named XEV 9e and BE 6e
The SUVs will premiere globally at UNLIMIT INDIA, on November 26, 2024, in Chennai.Read more
Lord’s Mark reports growth of 40.41% to Rs 4.22 billion in FY24
The company through its subsidiary has launched saliva-based technology for genome testing through its brand MyDNA. Read more
Freudenberg expands with €42 million manufacturing plant in Morinda, Punjab
The facilities will cater to key sectors such as automotive and industrial manufacturing, ensuring the company remains competitive by optimising material flows and leveraging modernised equipment.Read more
BYD shifts to import-only strategy in India amid FDI challenges
BYD currently imports three models from China and believes this strategy will sustain its operations in the near term.Read more
Škoda Auto Volkswagen India plays a vital role in ethical sourcing of Indian coffee
The byproduct, coffee bean husk, is used as a tanning agent for leather seats in Škoda Kodiaq and Octavia models, supporting the circular economy.Read more