Bajaj Auto Ltd. reported a 5.9% year-on-year rise in net profit to ₹2,049.3 crore for the March quarter, ahead of CNBC-TV18’s poll estimate of ₹2,002 crore on Thursday, May 29,. Revenue for the quarter rose 5.8% to ₹12,148 crore from ₹11,485 crore last year, also beating expectations. Analysts had projected revenue of ₹11,995 crore. The … Read more
Brazilian labour prosecutors are suing Chinese electric vehicle maker BYD Co. and two contractors over allegations of slave labour and human trafficking at the construction site of a manufacturing plant. The lawsuit describes “degrading” conditions at facilities in Bahia maintained by BYD, China JinJiang Construction Brazil and Tonghe Equipamentos Inteligentes do Brasil Co. — currently … Read more
Carraro India, manufacturer of transmission systems for tractors and off-highway vehicles, is aiming for 8-12% revenue growth in the current financial year, supported by strong demand for four-wheel drive axles and a major export order in the construction equipment segment. Balaji Gopalan, Managing Director of Carraro India, explained that the growth will be driven by … Read more
BYD Co led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 35% late last week. Shares of China’s No. 1 selling car brand tumbled as much as 8.3%, while peers Li Auto Inc., Great Wall Motor Co. and Geely Automobile … Read more
1 / 8 Event Showcase: BMW unveiled the Concept Speedtop, a shooting brake based on the M8 Competition, at the Concorso d’Eleganza Villa d’Este in Italy. Closely related to the 2024 Concept Skytop, it’s a limited-run model. Only 70 units will be produced this year, each priced at approximately 430,000 pounds (around ₹4.96 crore), targeting … Read more
Indian Olympic gold medallist Neeraj Chopra has partnered with German automotive giant Audi India. The javelin champion expressed his admiration for Audi—not only for its cars but also for the brand’s values, which he says resonate with him as an athlete. “Whether it’s on the field or in life, the pursuit of excellence never stops. … Read more
1 / 6 Hot Hatch Arrives: Volkswagen launched the Golf GTI in India, priced at ₹53 lakh (ex-showroom). Imported as a completely built unit (CBU), it’s the most expensive Volkswagen currently sold in India. The first batch of 150 units is sold out, with another 100 units planned based on demand. It competes with the … Read more
BYD Co. sold more electric vehicles in Europe than Tesla Inc. for the first time, overtaking the American brand that’s long led the continent’s EV segment. China’s leading automaker registered 7,231 new battery-electric vehicles in April, according to market researcher Jato Dynamics. That was up 169% from a year earlier, vaulting BYD into the top … Read more
India could see the introduction of more Range Rover limited edition trims, specially curated for the country, to cater to the diverse set of customers in the market, according to a top company executive. The brand is looking at enhancing its presence as it anticipates growth in the Indian market with the number of high-net-worth … Read more
Luxury automotive group BMW is offering a price protection assurance program to Indian customers looking to buy MINI 3-Door Cooper S model produced at its Oxford plant in the UK, amid anticipated duty cuts in the wake of India-UK FTA pact, a top company official said on Friday. BMW Group India will pass on the … Read more