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Cummins India standalone net profit up 47% to Rs 1661 crore in FY24

Cummins India standalone net profit up 47% to Rs 1661 crore in FY24

Shahkar Abidi     calendar30 May 2024

Key economic indicators like GDP growth rate of 7.6% and consistent PMI indicate optimism about continued growth.

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Antolin and Spanish university invite registrations for automotive electronics learning program News International
Antolin and Spanish university invite registrations for automotive electronics learning program

autherAutocar Pro News Desk calendar30 May 2024

The programme, starting in October 2024, includes academic teaching by both professors from the University of Burgos a...

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ZF unveils next-gen electric axle at Busworld Turkiye 2024 News International
ZF unveils next-gen electric axle at Busworld Turkiye 2024

autherAutocar Pro News Desk calendar30 May 2024

The AxTrax 2 LF has a continuous output of up to 360 kW and a peak torque of up to 37,300 Nm, giving it climbing abili...

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Munjal Showa reports 3.6% YoY decline in FY24 profit News
Munjal Showa reports 3.6% YoY decline in FY24 profit

By Kiran Murali calendar29 May 2024

The Gurugram-based auto component maker’s net profit for the year came in at Rs 30.8 crore, while its fourth-quarter n...

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Fiem Industries earmarks capex of Rs 250–300 crore for three years News
Fiem Industries earmarks capex of Rs 250–300 crore for three years

By Shahkar Abidi calendar29 May 2024

The company had a capex of Rs 85.86 crore in FY24.

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Samvardhana Motherson's FY24 profit jumps 82% YoY, Q4 profit up 110% News
Samvardhana Motherson's FY24 profit jumps 82% YoY, Q4 profit up 110%

By Kiran Murali calendar29 May 2024

The auto component maker reported a consolidated net profit of Rs 2,716 crore for FY24, while its fourth-quarter net p...

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Mitsubishi Electric and Aisin to set up JV for EV components News International
Mitsubishi Electric and Aisin to set up JV for EV components

autherAutocar Pro News Desk calendar29 May 2024

The JV will develop, produce and sell traction motors, power converters and their control software, which will be opti...

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Talbros Automotive revs up expansion as capacity hits peak News
Talbros Automotive revs up expansion as capacity hits peak

By Shahkar Abidi calendar28 May 2024

The company has taken up a new premise on rent in Chakan, in Pune and the supplies are expected to kick start beginnin...

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Amara Raja FY24 net profit up 24% YoY; Q4 profit grow 62% News
Amara Raja FY24 net profit up 24% YoY; Q4 profit grow 62%

By Kiran Murali calendar28 May 2024

For the financial year 2024, the battery maker posted a net profit of Rs 905.9 crore, while its fourth-quarter net pro...

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Rico Auto Industries expands footprint with land acquisition in Hosur News
Rico Auto Industries expands footprint with land acquisition in Hosur

By Shahkar Abidi calendar28 May 2024

The development comes amidst declining sales in FY24; finds solace in enhanced businesses from Maruti Suzuki and Toyot...

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Can Tesla's entry boost the Indian EV market?

Can Tesla's entry boost the Indian EV market?

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