News

PMI Electro Mobility Secures Investment from Authum and Gruhas-led Consortium

PMI Electro Mobility Secures Investment from Authum and Gruhas-led Consortium

PMI Electro Mobility Solutions Pvt. Ltd, India’s leading manufacturer of electric buses, said that it has secured a strategic investment of ₹250 crore led by a consortium comprising of Authum Investment & Infrastructure Limited (Authum), Antique Securities and associated HNI family offices and Nikhil Kamath backed Gruhas. The investment was raised through a preferential allotment of equity shares, underscoring investor[Read More…]

by February 14, 2025 News
VECV Inaugurates Manufacturing Facility and Starts Deliveries of Eicher Pro X range

VECV Inaugurates Manufacturing Facility and Starts Deliveries of Eicher Pro X range

VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, inaugurated a dedicated manufacturing facility and delivered the first batch of Eicher Pro X trucks to leading Indian logistics providers who gathered at Bhopal. This follows the successful launch of the Eicher Pro X small truck at Bharat Mobility Global Expo 2025. The all-new facility, located[Read More…]

by February 13, 2025 News
Ashok Leyland Reports Record Q3 Performance, Achieves All-Time High Revenue and Profitability

Ashok Leyland Reports Record Q3 Performance, Achieves All-Time High Revenue and Profitability

Turns Cash Positive with Strong Market Position and Innovation-Led Growth Ashok Leyland, the flagship company of the Hinduja Group, has delivered its best-ever third-quarter performance, achieving record-breaking revenue and profitability. With a net profit surge of 31% to ₹762 crore, the company has turned cash positive while maintaining a stronghold in the MHCV and bus segments. “Our performance in Q3[Read More…]

by February 12, 2025 Conference, News
Auto Industry veteran Ashish Tandon joins Euler Motors

Auto Industry veteran Ashish Tandon joins Euler Motors

Euler Motors, an electric commercial vehicle (EV) manufacturer, announces the appointment of Ashish Tandon as its Global Head for Customer Excellence. Ashish comes with over 25 years of experience in the automobile sector, including leadership roles in both the ICE and EV segments, and at Euler Motors he will be responsible for developing the Euler EV- Ecosystem. Prior to Euler Motors, Ashish has[Read More…]

by February 10, 2025 News