Other 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
SIAM hosts Sustainable Mobility Pavilion showcasing Industry-Wide Decarbonization initiatives at India Energy Week 2025

SIAM hosts Sustainable Mobility Pavilion showcasing Industry-Wide Decarbonization initiatives at India Energy Week 2025

The Society of Indian Automobile Manufacturers (SIAM) hosted Sustainable Mobility Pavilion themed “People-Centric Mobility Ecosystem” participating in the 3rd edition of India Energy Week (IEW) 2025 at Yashobhoomi, Dwarka, New Delhi. The SIAM Sustainable Mobility Pavilion is live from 11th to 14th February 2025 in Hall No. 1 of Yashobhoomi – India International Convention and Expo Centre, with the dedicated platform showcasing the Indian automobile industry’s latest advancements[Read More…]

by February 11, 2025 Events