Auto RSS Feed

Auto

  • Kalyani Powertrain Partners with Compal Electronics for Manufacturing X86 Servers in India

    Kalyani Powertrain Ltd (KPTL), a fully owned subsidiary of Bharat Forge, has taken a major initiative in boosting the electronics manufacturing ecosystem in India. The company has entered into a […]

  • Ashok Leyland Bags ₹345.58 Crore Tamil Nadu Contract for 1,475 Bus Chassis, Announces Russian Subsidiary Liquidation

    Ashok Leyland has secured a ₹345.58 crore contract from the Tamil Nadu State Transport Corporation to supply 1,475 BSVI Diesel Passenger Bus Chassis. The company also announced the voluntary liquidation of its Russian subsidiary, LLC Ashok Leyland Russia. With a 37% year-on-year rise in net profit for Q2FY25, Ashok Leyland continues to strengthen its market position in India and globally.

  • TVS Supply Chain Shares Surge 7% After TVS Motor’s Block Deal Stake Acquisition

    TVS Supply Chain Solutions' stock surged 7% after TVS Motor acquired 20 lakh shares in a block deal, signaling confidence in the company despite recent financial challenges. Explore the impact of this move and the company’s financial outlook.

  • Market Update: Surge in Trading Volumes at Kirloskar Oil Engines Ltd and Other Stocks on BSE – February 12, 2025

    Kirloskar Oil Engines Ltd and several other stocks on BSE have experienced a significant surge in trading volumes. Discover the reasons behind this market activity, how it affects stock prices, and what investors should watch out for.

  • Happy Forgings Signs MoU with Global Industrial Equipment Manufacturer

    Happy Forgings has signed a transformative MoU with a global industrial equipment manufacturer to supply precision-engineered components for power generation applications. This partnership sets the stage for significant revenue growth, with a new heavy forging facility and a long-term supply contract expected to drive the company’s expansion into high-value industrial sectors.

  • Escorts Kubota Q3 FY25 PAT Growth of 9%: A Solid Performance Despite Margin Pressure

    Escorts Kubota reported a 9% growth in PAT for Q3 FY25, driven by strong performance in the Agri Machinery and Construction Equipment segments. Despite margin pressures, the company remains on track for continued growth, with a focus on operational efficiency and product innovation.

  • L&T Secures Major Order for Freight Handling Facilities in the Middle East

    Larsen & Toubro (L&T) has secured a significant order from a leading railway company in the GCC region to establish freight handling facilities. This repeat order highlights L&T’s strong presence in the Middle East and its role in supporting the region's infrastructure expansion.

  • Larsen & Toubro Secures Major Solar PV and Battery Storage Project in Abu Dhabi

    Larsen & Toubro has secured a major role in the world’s first 24/7 solar PV and battery storage gigascale project in Abu Dhabi. This groundbreaking initiative, set to deliver up to 1GW of continuous clean energy, will revolutionize renewable power generation and showcase global leadership in sustainable energy.

  • Ashoka Buildcon Completes Vadodara Mumbai Expressway Section: A Milestone Achievement

    As a leader in infrastructure development, Ashoka Buildcon has demonstrated its capability in executing critical projects that contribute to the nation's progress. The completion certificate received for the Vadodara Mumbai Expressway section underscores the company's commitment to quality and timely delivery in the infrastructure sector. Ashoka Buildcon's expertise in executing projects under the Hybrid Annuity Mode (HAM) reflects its innovative approach to infrastructure financing and development. By partnering with the National Highways Authority of India (NHAI), the company has contributed significantly to enhancing connectivity and mobility across regions. This milestone achievement highlights Ashoka Buildcon's ability to navigate complex project requirements and deliver results that meet stringent quality standards. As the company continues to play a pivotal role in advancing infrastructure development, it reinforces investor confidence and strengthens its position as a trusted partner in nation-building. Moving forward, Ashoka Buildcon's focus on exploring new opportunities and leveraging its capabilities will further drive progress in the infrastructure sector. With a track record of success and a commitment to excellence, Ashoka Buildcon remains poised to contribute to India's infrastructure growth story in the years to come.

  • India’s Proposed 10% GST on Diesel Vehicles: A Push for Greener Roads

    In a bold move aimed at curbing vehicular pollution, India's Road Transport Minister, Nitin Gadkari, is proposing a 10% additional Goods and Services Tax (GST) on diesel engine vehicles. This 'pollution tax' seeks to encourage the adoption of cleaner transportation alternatives in one of the world's most polluted countries. Gadkari is urging the automobile industry to shift its focus towards electric and bio-fuel vehicles as a solution to reduce diesel vehicle production. However, concerns have arisen within the industry about the potential negative impact on sales, particularly for commercial vehicles that predominantly rely on diesel. As discussions continue, the proposal highlights the growing global concern for environmental sustainability in the automotive sector.