Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks, agricultural tractors, passenger vehicles had registered a net profit of Rs 22.4 crore during the … Read more
The average Indian in 2024 might prefer to buy a tank-sized automotive beauty with all the frills over a smaller car. However, what the desis seem to be rejecting, are turning out to be the backbone of India’s car exports. The SUV breeze has affected the sales of smaller cars and sedans in India over … Read more
“Now, the mindset has changed rampantly. Today, as the leading wood panel manufacturer in the country, we believe that the opportunity in front of us is tremendous and we are barely at the tip of the iceberg,” says Keshav Bhajanka, ED, Century Plyboards. When you started your journey in the business, how has the trend … Read more
Mahindra & Mahindra on Thursday said its total wholesales increased 13 per cent year-on-year to 70,471 units in April as compared to the same month last year. The company’s total dispatches to its dealers stood at 62,294 units in April 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 18 per … Read more
Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh … Read more
R Mukundan, MD & CEO, Tata Chemicals, says “the main issue which we will face going forward next year is going to be in terms of exports where compared to the pricing which we got in the export markets, we would see at least a $100 reduction. This is mainly out of exports coming out … Read more
President Joe Biden on Friday temporarily paused approval of new liquefied natural gas export projects, pending a thorough analysis of how shipments will impact global climate change. The move, which follows a growing pressure campaign from climate activists, effectively freezes nearly a dozen LNG export projects currently in the pipeline, including the $10 billion Calcasieu … Read more
New Delhi: Maruti Suzuki India on Monday reported a 1.28 per cent decline in total sales at 1,37,551 units in December 2023. The company had posted total sales of 1,39,347 units in the same month a year ago. Total domestic sales, comprising passenger vehicles, commercial vehicles and third-party supplies, were at 1,10,667 units last month … Read more
