Indian Automobile Industry News & Updates - Allied Industries
ADAS Technology leads to 41% drop in Aapli bus accidents in Nagpur
The Nagpur Municipal Corporation (NMC) has reported a significant decrease in accidents involving Aapli Buses equipped with Advanced Driver Assistance System (ADAS).
Government working on policy for low grade iron ore beneficiation: Steel Secy
The government is working on a policy for low grade iron ore beneficiation, a move that will increase the usage of iron ore with less iron content in steel production. Speaking to PTI, Steel Secretary Nagendra Nath Sinha said the Ministry of Steel along with the Ministry of Mines and the Ministry of Environment, Forest and Climate Change of India is working on the policy.
Tyre manufacturers Ceat and Apollo to hike prices as input costs soar
Natural rubber prices have risen significantly, while the rupee has weakened to 83.5 against the US dollar from 83 just a month ago. This trend is further compounded by the rising prices of crude derivatives such as synthetic rubber and nylon fabric, all of which are key components in tyre production.
Endurance Technologies Q4 Results Live : profit rise by 54% YOY
Endurance Technologies Q4 Results Live : Endurance Technologies declared their Q4 results on 16 May, 2024. The topline increased by 20.16% & the profit increased by 54% YoY. As compared to the previous quarter the revenue grew by 4.83% and the profit increased by 38.01%.
The rising role of software in electric vehicles
Silver prices may hit Rs 1 lakh milestone in a year on solar, EV boost
TCI reports 22% Y-o-Y growth in Q4 net profit
New Delhi: Transport Corporation of India (TCI) reported a 22 per cent Y-o-Y growth in its consolidated net profit at ₹1,003 crore in Q4 FY24 driven by higher traction from automobiles, engineering and other segments. On a sequential basis, the multi-modal logistics services provider’s net profit was higher by 25 per cent. The results were released late on Wednesday night.
Summer rains may boost natural rubber yield, revive hopes of growers
Kerala: The start of summer rains has revived the hopes of natural rubber farmers in getting a good yield in this season especially when there are hardly any signs of leaf diseases, which according to farmers, is expected to boost the harvest.
TVS SCS partners with Manchester Metropolitan to lead AI innovation
Chennai: Chennai-based TVS Supply Chain Solutions Ltd, a global supply chain solutions provider, has announced that its wholly-owned subsidiary, TVS SCS UK and Europe, is working in partnership with Manchester Metropolitan University (MMU) to drive forward the use of artificial intelligence (AI) in its business.
5 essential tips to know while buying a new helmet
'Quality, not quantity': Kerala to install dashcams inside all learner cars
Decoding how connected vehicles can catalyse safer, sustainable mobility
Apollo Tyres records 65% net profit in FY 24, Q4 profit dips 14%
Apollo Tyres has registered a 65% net profit for the financial year 2024 but saw a net profit decline of 14% for Q4 on a year-on-year basis.
Ola to move beyond cloud; wants to build India tech stack
Taking his fight further with Microsoft, Ola founder and CEO Bhavish Aggarwal on Tuesday said that India needs to have its own full technology stack, including artificial intelligence models, cloud infrastructure, data centres and chips.
Foxconn reports sharp rise in first-quarter net profit
Taiwanese tech giant Foxconn on Tuesday reported a 72% jump in net profit during the first three months of 2024 as demand for artificial intelligence technology grows.
Apollo Tyres FY24 net profit up 65% to INR 1,722 cr
New Delhi: The Board of Directors of Apollo Tyres Ltd Tuesday approved the company’s audited financial results for the fourth quarter (January to March) and the financial year 2023 – 24. The Board recommended a dividend payout of INR 6 per equity share (600%), on face value of Re 1 each for FY24, subject to the approval of the shareholders at the forthcoming Annual General Meeting.
Satish Sharma resigns as director of Apollo Tyres, continues as president of APMEA region until month-end
New Delhi: Apollo Tyres announced on Tuesday that Satish Sharma, director and president of the APMEA (Asia Pacific, Middle East, and Africa) region, has tendered his resignation as whole-time director. Sharma will remain in his role as President of APMEA until May 31, 2024, to ensure a smooth transition of responsibilities.
Apollo Tyres consolidated Q4 net skids 14% to ₹345 cr.
Apollo Tyres’ Q4 consolidated net profit down 13.6% at ₹354 crore
The Hindu Business Line
SKF India Q4 FY24 PBT up at INR 229.2 cr
New Delhi: The Board of Directors of SKF India Limited, a leading technology and solutions provider of bearings and units, condition monitoring and services, Monday revealed its financial results for the quarter and period ended March 31, 2024.
Tube Investments’ board gives nod for ₹350-crore fundraising, recommends a final dividend
ADAS in India: Useful feature or just a tech toy?
Servotech Power Systems Q4 Results Live : profit falls by 43.28% YOY
Servotech Power Systems Q4 Results Live : Servotech Power Systems declared their Q4 results on 11 May, 2024. The topline increased by 9.63% & the profit decreased by 43.28% YoY.
Tech Mahindra’s Europe business head Vikram Nair quits
IT company Tech Mahindra‘s business head for Europe, Middle East and Africa Vikram Nair has resigned after a stint of 19 years in the company, according to a regulatory filing.
Autonomous Driving technology faces ‘winter’, geopolitical hurdles on its path to go mainstream
JSW Steel's crude steel output stays near flat in April
TVS Srichakra Q4 standalone net rises 17% to ₹26 crore
Thinking Adaptive Cruise Control? Cars under ₹20 lakh in India with this tech
Timken India Q4 Results Live : profit rise by 35.41% YOY
Timken India Q4 Results Live : Timken India announced their Q4 results on 09 May, 2024, showcasing a notable growth in both revenue and profit. The company's topline surged by 11.86% year-over-year, while the profit saw a significant increase of 35.41% compared to the same quarter last year.
Ceat plans to revamp brand strategy to target SUV owners, adventure bikers
The company currently has a basic product range and will be launching tyre sizes over the next two quarters for SUVs and motorcycles.
Autonomous driving tech faces geopolitical ‘winter’ on road to mainstream
New Delhi: A few years ago, Autonomous Driving was seen as a major growth opportunity among the key megatrends to invest in, by both big and small players. The radical concept of cars driving on their own also attracted a lot of hype, and almost a competition to develop the required capabilities. However, things are heading in a different way for Autonomous Driving.
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
