Announcing its unaudited financial results (standalone and consolidated) for the second quarter of FY2024-25, Gulf Oil Lubricants registered an operating revenue of INR 8.49 million as compared to INR 8.02 million in the corresponding period of FY2023-24, a rise of 5.86 percent. 
The operating revenue for the first half of FY2024-25 was INR 17.34 billion as compared to INR 16.14 billion, an increase of 7.46 percent year-on-year. 
The lubricant major registered an EBITDA of INR 1.07 billion in the second quarter of FY2024-25 as compared to EBITDA of INR one billion in the corresponding quarter of FY2023-24. 
The Hinduja Group company clocked an EBITDA of INR 2.23 billion in the first half of FY2024-25 as compared to EBITDA of INR 1.93 billion, an increase of 15.59 percent. 
The Profit After Tax (PAT) was INR 844.4 million in the second quarter of FY2024-25 as compared to a PAT of INR 736.3 million, an increase of 14.68 percent. 
Commenting on the performance, Ravi Chawla, Managing Director and CEO, Gulf Oil Lubricants India Ltd, said, “Despite the operational impact of heavy rains in the beginning of Q2, overall demand for us remained healthy, driving-up our Q2 lubricant volume growth by nine percent. This reinforces our unwavering commitment and reliable performance, even amid challenging conditions, positioning us well for continued 2-3x market growth. The quarter concluded on a high note with the launch of our most ambitious brand campaign ‘The Unstoppables’ centered on the theme ‘Har Kadam Berok’ staring three Gulf Lubricants brand ambassadors, MS Dhoni, Hardik Pandya and Smriti Mandhana exemplifying our brand’s values and capabilities on a grand scale across multiple media and marketing platforms.”
“Our growth momentum is sustained through strategic and impactful brand investments, enhanced product capabilities and industry leading initiatives driving-up profitable growth across our focus segments,” he added. 
 

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Skoda Auto Volkswagen India (SAVWIPL), one of the leading passenger vehicle manufacturers, has announced the start of production for the new Volkswagen Taigun from its Pune facility. The model is part of the group's strategy to manufacture vehicles in India for both domestic and international markets.

The Taigun is produced with high levels of localisation at the Chakan facility. Since its introduction in 2021, the company has manufactured over 143,000 units of the model in India. Approximately 30 percent of this total production has been exported to global markets.

The vehicle is engineered to meet European driving dynamics and maintains a 5-star safety rating. The updated iteration includes design changes and features intended to improve convenience based on consumer feedback.

Piyush Arora, Managing Director & CEO, Skoda Auto Volkswagen India, said, “The start of production of the new Volkswagen Taigun underscores the maturity of our world-class manufacturing ecosystem in India. Our Indian manufacturing facilities are geared to deliver global-quality vehicles with high levels of localisation, enabling us to respond quickly to what customers demand in India and in export markets. The Taigun stands as a perfect example of this approach, engineered in line with Volkswagen’s global benchmarks and produced in India with a sharp focus on efficiency, quality, and safety. As we roll out the new Taigun, we are further solidifying India’s position as a strategic production and export base for the Group.”

Nitin Kohli, Brand Director, Volkswagen India, added, “Since its launch, the Taigun has been instrumental in strengthening the brand’s SUV strategy. It has played a pivotal role in bolstering our product portfolio for discerning Indian buyers and their aspirations. The new Taigun is central to our strategic plan for the model line-up that will drive meaningful growth. The start of production for the new Taigun at our Chakan facility is a moment of great pride for us. It continues to signify our commitment to the Indian consumers who choose to own premium German-engineered products. We are certain the new Taigun will build on the success of its predecessor and elevate customer experience.”

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Chinese automotive major Changan Automobile and CAOA have inaugurated an automated production line in Anapolis, Brazil, marking the start of local assembly for the Changan UNI-T SUV.

The ceremony was attended by President Luiz Inacio Lula da Silva and Vice-President Geraldo Alckmin, signaling a phase of industrialisation and mobility investment in Brazil.

The inauguration initiates a USD 950 million investment cycle for 2026-2028, which adds to the earlier USD 570 million invested since 2023. Total investment in the Anapolis facility reaches USD 1.52 billion with the plant now equipped to have an annual production capacity of 90,000 units.

The UNI-T was developed over three years by a team of 200 Chinese and Brazilian engineers. Key technical features include:

• Powertrain: A 1.5 Turbo GDi BlueCore Flex engine, calibrated by CAOA to operate on any ethanol-petrol blend.
• Testing: The vehicle underwent 200,000 km of durability testing across various Brazilian climates.
• Digital Features: A localised Portuguese voice control system and connected cockpit tailored for the domestic market.
• Future Roadmap: Changan plans to introduce hybrid and electrified variants, supported by the federal government's MOVER programme.

The company expects to open over 60 dealerships across Brazil during 2026 to support its expanded sales footprint.

Zhu Huarong, Chairman, China Changan Automobile Group, said, "For Changan, Brazil is not only a place to invest, but a land where we committed to building a long-term future."

Carlos Alberto de Oliveira Andrade Filho, Co-President, CAOA, added, "The UNI-T represents far more than a new model. It demonstrates that Brazil can establish itself as a global hub for high-technology automotive engineering and production."

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Bengaluru-headquartered electric two-wheeler manufacturer Ultraviolette Automotive has announced a 5-year investment plan to expand its manufacturing operations in Karnataka.

The company signed a Memorandum of Understanding (MoU) with the Government of Karnataka during the ‘Invest Karnataka’ Conclave in Bengaluru, securing proposed incentive support through the Production-Linked Incentive (PLI) scheme.

The EV maker has announced a two-phase expansion strategy to increase domestic production and support global export requirements:

Phase 1: An investment of INR 2 billion to enhance existing capacity and manufacturing at the current Bengaluru facility.

Phase 2: The establishment of a new production plant in Karnataka with an annual capacity of 150,000 units.

The plan aims to deepen local manufacturing, create employment and accelerate research and development within the electric vehicle sector. Ultraviolette currently produces the F77 performance motorcycle and the X-47 Crossover, utilising proprietary battery technology.

Headquartered in Bengaluru, Ultraviolette intends to expand its Indian retail presence from 40 to 100 cities by the end of 2026. Internationally, the company has entered 12 European countries and has scheduled further expansion into Asian and Latin American markets.

Narayan Subramaniam, CEO and Co-Founder, Ultraviolette Automotive, said, “Karnataka has been central to Ultraviolette’s vision of Making in India for the World. This proposed manufacturing expansion reflects our confidence in the state’s forward-looking EV ecosystem, talent, and policy support. The combination of infrastructure readiness, proactive governance, and long-term incentive visibility creates a strong foundation for Ultraviolette’s next phase of growth.”

Niraj Rajmohan, CTO and Co-Founder, Ultraviolette Automotive, added, “Karnataka has been home to Ultraviolette’s R&D journey from the very beginning. The state offers a unique combination of deep engineering talent, strong supplier networks, and close proximity to key industrial and manufacturing hubs. What makes this especially meaningful for us is that we have built world-class products here proving that with the right talent, ambition, and ecosystem, innovation can be created right here in Karnataka.”

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Octillion Power Systems has announced that its India division has manufactured its 100,000th electric vehicle (EV) battery system. The milestone unit was produced on 20 March 2025 at the company’s ‘Pune Two’ facility for a passenger SUV developed by an Indian automotive manufacturer.

Since commencing Indian operations in 2017, Octillion has expanded from a single facility in Pune to three manufacturing sites across Pune and Gujarat. The company currently operates over 300,000 square feet of production space.

At present, the company’s annual energy production is expected to reach 8 GWh by 2026. The division supplies battery systems for passenger cars, trucks, buses and two-wheelers and three-wheelers. The company recently announced the build-out of its third major facility in Halol, Gujarat, to support a domestic supply chain and mass-scale quality control.

Paul Beach, Global President, Octillion, said, “Reaching 100,000 units made in India is a testament to the hard work and dedication of our entire team. This milestone reflects the trust our clients place in us to deliver safe, durable, and innovative batteries on time replete with exceptional value. Our position is strengthened as we expand in India and continue driving forward: product innovation, market growth and a more resilient supply chain.”

Nikhil Parchure, Senior Vice-President, Octillion, commented, “Our ambition in India is to enable cleaner, more sustainable transportation to help combat the pollution affecting our cities and communities. Reaching 100,000 packs is proof of our India team’s extraordinary dedication to this mission. We deeply appreciate our customers’ trust and we take pride in knowing that vehicles powered by Octillion batteries reflect the ingenuity and excellence of India.”

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