Maruti Suzuki Q3 sales up, profit hit by taxes; Tweaks royalty agreement

India’s largest carmaker Maruti Suzuki reported a 14% increase in net sales for the third quarter, but net profit increased by only 3% due to a rise in tax expenses and investment losses. Operating profit rose 22% on year. Higher “tax rates and lower non-operating income due to mark-to-market impact on the invested surplus” were […]

Mahindra & Mahindra launches “eSupro” electric vans at 8.5 lakhs

Mahindra & Mahindra said it launched its “eSupro” electric vans. There will be two models — cargo and passenger. The cargo vans are priced at Rs 8.45 lacs while the passenger variant is priced at Rs 8.75 (both Delhi ex-showroom price). The eSupro platform will cater primarily to the B2B segment and would be available […]

Hero MotoCorp sets record in monthly two-wheeler sales in September

Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]

Maruti Suzuki exports cross 1.5 million cars

Maruti Suzuki India, the country’s leading passenger vehicle maker, said it has attained cumulative exports of 15 lakh (1.5 Million) from its vehicle exports to over 100 countries including Europe, Latin America and Africa. Early this year the Company’s premium hatchback Baleno manufactured exclusively in India became the first car to be exported from India […]

BMW experience tour reaches Kancheepuram this weekend

BMW experience tour will be held this weekend in Kancheepuram district of Tamil Nadu from 23rd to 25th of this month. The venue will be Madras Motor Race Tack on NH4  in Mevalurkuppam, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models […]

Jaguar launches second generation Jaguar XF sedan in India at Rs 49.5 lakhs

Jaguar Land Rover India launched the new Jaguar XF sedan in five variants starting from ₹ 49.50 lakh (ex-Delhi) in Mumbai. The new Jaguar XF is powered by the new Ingenium 2.0 l 4-cylinder turbocharged diesel engine that delivers a power output of 132 kWand is upto 20 kg lighter than equivalent previous generation engines. […]

TVS launches colour variants of StaR City+ & TVS Sport

TVS Motor Company, one of India’s leading two wheeler manufacturers, launched new colour variants for its two brands of motorcycles TVS StaR City+ and TVS Sport in Bangalore today. The new colour variants TVS StaR City+ in Spotlight White colour & TVS Sport in Black Silver colour have been launched to mark the approaching festive […]

BMW experience tour reaches Aurangabad this weekend

BMW experience tour will be held this weekend in Aurangabad district of Maharashtra on the 10th and 11th of this month. The venue will be Hotel Manor Kranti Chowk which is opposite Rani Lakshmi Bai Park, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company […]

Hero MotoCorp sales grows 28%, to introduce 15 new models this year

Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year. The sales in month of August wasto 6,16,424 units compared with  4,80,537 units, said the company. This is the third time that the company has crossed […]

More finance professionals support automation than fear it – CIMA survey

In a survey conducted by Chartered Institute of Management Accountants (CIMA), 29% finance professionals fear job loss due to increase in automation, while 64% finance professionals encourage increasing automation in India. On the impact of artificial intelligence on strategic decision-making only 13% of experts in India conceded that reliance on automation or technology has led […]

Rane Holdings net profit up 17.2 %, driven by growth across automotive segments

Rane Holdings reported a 17.2 % growth in profit for the April-June quarter compared to the previous year. The company said the growth across the automotive segments in the commercial vehicles, passenger vehicles and two wheelers contributed the increase in profit. It also benefited by higher volumes in the supply of components to new vehicle models introduced […]