Vikram Mohan, Managing Director, said, “Our strategic approach and unwavered support from all quarters of the company have helped us deliver the set of good numbers in Q2 .” Coimbatore: Pricol Limited, a leading auto component manufacturer, Wednesday reported that revenue from operations for Q2 FY24 was at INR 562.66 crore, up 12.31 % YoY….
The Polestar 5 will use massive battery cells from supplier SK On that the automaker claims will maximize efficiency and range. Polestar announced SK On as the battery supplier for the 5, which is due in 2024 at a price of more than $100,000 Monday, also confirming that the new flagship EV will use high-nickel cells…
Profit before tax (PBT) for the Q2FY24 was at INR 122 crore compared to INR 207.5 crore during the previous year, down 41%. New Delhi: The Board of Directors of SKF India Limited, a leading technology and solutions provider of bearings and units, Wednesday reported that the revenue from operations of the company for the…
Additional sales data from China reveals Tesla’s exports and retail sales in the world’s largest electric car market for the month of October. According to the China Passenger Car Association’s (CPCA) data, the overall volume of Tesla MIC Model 3/Model Y wholesale vehicle shipments last month amounted to 72,115 units, which is barely 0.6 percent…
Lucid, the California-based electric vehicle company that makes the Air Sedan, lost over $430,000 for every car it sold in the third quarter of this year, according to the firm’s latest financial report. In Q3, Lucid reported a revenue of $137.8 million, down from $195.5 million in the same period last year. But here’s where…
Rivian raised its production guidance for the second time this year and reported shrinking financial losses in the third quarter. Now, the Californian company aims to make 54,000 vehicles by the end of 2023, up from the previously adjusted goal of 52,000 EVs. During Q3, Rivian manufactured 16,304 battery-powered vehicles, an increase of 121 percent…
Consolidated PBT margins in Q2 FY24 were at 3.9%, improved by 220 bps YoY. Net debt was reduced by 221.4 crore in Q2 FY24 and annualized ROCE was 23%. New Delhi: Varroc Engineering Ltd. (Varroc), a global tier-I auto components group, Wednesday said for the quarter ended September 30, 2023, its consolidated revenue from operations…
The all-electric Rivian van can now be ordered in the United States by just about any company that needs a zero-emissions fleet of delivery vehicles after the California-based EV maker ended its exclusivity agreement with e-commerce giant Amazon. The news came via Rivian’s third-quarter financial report, and the company later added detailed information about the…
Electric bicycles have been gaining popularity at a rapid pace all over the world. With so many new options hitting the market, it can be all too easy to get lost in the technical jargon, especially when it comes to the technology an e-bike claims to possess. If you’ve read a lot of the e-bike…
If the ultimate goal of electric vehicles is cleaner transportation in the future, there’s more at stake than just tailpipe emissions. You also have the minerals used to create EV batteries and electric motors, many of which are mined and refined in a less-than-green fashion – or are located in a country that’s not exactly…
