During Q2 FY24, sales to OE customers grew 13% driven by strong sales to the two-wheeler segment. New Delhi: Rane Brake Lining Limited, a leading manufacturer of Brake Linings, Disc Pads and Clutch Facings, said on Thursday that for the second quarter (Q2FY24) total revenue was INR 158.2 crore compared to INR 144.7 crore in…
Munro Vehicles, a manufacturer of all-electric 4x4s, and Scotland’s only volume car company, has today announced the completion of its first pre-production model. The white Series-M Utility, a hard top five-seater 4×4, leaves the factory in East Kilbride just ten months after Munro unveiled the MK_1 prototype model in Edinburgh in December 2022. The start…
Mercedes-Benz will attempt to expand its charging network in North America with a new partnership. The German automaker today announced its collaboration with a division of American real estate investment trust Simon Property Group to establish nationwide charging stations. Fast chargers would be initially deployed at 55 locations across the U.S. and Canada, and they…
She projected annual sales of more than USD 2 billion, and raised the chip’s current-quarter revenue expectations by USD 100 million. Shares of Advanced Micro Devices jumped nearly 6% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch up with market leader Nvidia. The…
The zero-emission buses are indigenously built on a next-gen architecture, equipped with latest features, and powered by advanced battery systems. New Delhi: Tata Motors, India’s largest commercial vehicle manufacturer, has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart City Mobility Solutions (J&K) Pvt…
The first Mercedes-Benz eActros 300 semitrailer tractor delivered in Germany has gone to Logistik Schmitt. Ronald Ott, Head of Sales Trucks Mercedes-Benz and FUSO Germany, handed over the small series produced e-truck to Rainer Schmitt, Managing Partner of Logistik Schmitt. The family-owned company based in Bietigheim, Baden-Württemberg, will initially use the e-truck to transport engines…
It, however, forecast 2024 first-quarter net sales of about USD 3.85 billion compared with analysts’ expectations of USD 3.94 billion, owing to a decline in its communications segment, which supplies electronic components for data centers and appliances. TE Connectivity beat Wall Street expectations for fourth-quarter profit on Wednesday as demand for its sensor technology was…
Chinese premium electric vehicle maker NIO announced its October 2023 delivery results. NIO delivered 16,074 vehicles in October 2023, increasing by 59.8% year-over-year. The deliveries consisted of 11,086 premium smart electric SUVs, and 4,988 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 415,623 as of October 31, 2023. In October 2023, ET5T was…
Chip-testing equipment maker Advantest, which is one of Jakobsen’s top three Japan stock picks, surged 9.25% to be the Nikkei’s top percentage and points gainer for a second day. Japan’s Nikkei share average crossed the key psychological 32,000 mark on Thursday for the first time in two weeks amid bets for an end to the…
The E-buses are equipped with universal access and HVAC (heating, ventilation and air-conditioning) system, on-board vehicle tracking system, CCTV and emergency stop facility. New Delhi: The E-buses will be plying on 15 intra-city routes and two inter-city routes and will run a minimum of 200 km per day from 8 a.m. to 8 p.m. In…
