Indian Automobile Industry News & Updates - April 2022
Maruti says small hybrid cars on the anvil, lower GST may be a game changer but wait & watch for now!
Tesla’s Elon Musk recently said that the “EV adoption rate globally is under pressure, and a lot of other auto manufacturers are pursuing plug-in hybrids instead.” While he was addressing the Tesla earnings call, has India’s largest passenger vehicle maker-Maruti, already started taking steps to hedge its bets? Well, Maruti reiterated plans to “persue hybrid tech comprehensively over the medium-term.” The higher GST is no doubt a concern but they will wait and watch for what the new Govt does after assuming power.
Maruti Suzuki reports 47.8% surge in Q4 net profit driven by strong sales & product mix
The country’s largest carmaker Maruti Suzuki Friday met street estimates to report a 47.8% increase in net profit at INR 3,877.8 crore for the fourth quarter ended March 31, 2024 driven by strong sales and better product mix.
For Tesla, India can perhaps wait for now
It was sometime in early 2022 when Elon Musk, CEO of Tesla, had tweeted about India’s high import duty levels for cars and why this was impacting his company’s entry into this market.
US probes if Tesla Autopilot recall did enough to make drivers attentive
The US government's auto safety agency is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road.
Bajaj Finserv Q4 results: Net profit rises 20% to Rs 2,118.53 crore; Here are all other details
In Q4 of FY24, Bajaj Finserv recorded a net profit of Rs 2,118.53 crore Vs Rs 1,768.95 crore it reported in Q4 of FY23, a jump of almost 20% on year
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
