Transportation
EBITDA for the quarter stood at INR 131 crores, EBITDA margin at 11%, growth of 18 bps. The Profit after Tax (PAT) was INR 59 crore with a PAT margin of 4.9%, the company said in a media release. New Delhi: Minda Corporation Limited (Minda Corp) the flagship of Spark Minda, delivered consolidated revenue of…
Kia America reports 59,164 vehicle sales in the United States in October, which is only 1.5 percent more than a year ago, but at the same time, it was the automaker’s best October ever and 15th month of consecutive year-over-year increase. So far this year, the company sold 663,838 vehicles (up 15 percent year-over-year) and…
Garmin’s revenue rose 12% to USD 1.28 billion for the three months ended Sept. 30, compared with analysts’ estimates of USD 1.21 billion, according to LSEG. Navigation equipment maker Garmin raised its annual sales forecast ahead of the crucial holiday shopping period as strength in its auto and fitness businesses drove third-quarter revenue above estimates,…
From January to October, KG Mobility’s vehicle sales rose 10% to 102,640 units from 93,344 during the same period of last year. KG Mobility and BYD have signed an agreement at the Chinese firm’s headquarters in Shenzhen to build the battery pack plant in Changwon, 300 km south of Seoul, and develop all-electric and hybrid…
Even with new-car interest rates rising, Subaru of America simply cannot be stopped. The automaker reported 53,772 vehicle sales in October, which was up 10.7 percent year-over-year and marked 15 consecutive months of year-over-year growth. And especially interesting is the fact that sales of the electric Subaru Solterra are growing too. The company reported that in October, it…
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…
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…
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…
