Schaeffler India reports INR 2.5 billion net profit for Q2 CY2024
Schaeffler India reports INR 2.5 billion net profit for Q2 CY2024
  • July 24, 2024

For the first half of CY2024, the revenue came at INR 39 billion, up 11.3 percent compared to the same period last year.

Lumax Auto Appoints Parag Shah As Independent Director
Lumax Auto Appoints Parag Shah As Independent Director
  • July 24, 2024

Shah holds a BS Degree in Computer Engineering from the Illinois Institute of Technology with special electives in Psychology and Manufacturing Techno

Mixed reactions pour in on Union Budget 2024
Mixed reactions pour in on Union Budget 2024
  • July 23, 2024

With a lack of direct schemes or policies for the automotive industry, all hopes are on rural growth to provide fillip to auto retail sales.

Nidec Corp selects Tata Elxsi to accelerate software development capability
Nidec Corp selects Tata Elxsi to accelerate software development capability
  • July 23, 2024

Nidec is one of the leading comprehensive motor manufacturer, with approximately 340 group companies engaging in business in 46 countries globally.

Revision in income tax, focus on skilling may give fillip to two-wheeler and passenger vehicle sales
Revision in income tax, focus on skilling may give fillip to two-wheeler and passenger vehicle sales
  • July 23, 2024

The revision in direct income tax is expected to provide an individual with savings of INR 17,500.

CNH attains 7,00,000 tractors production milestone at its Greater Noida facility
CNH attains 7,00,000 tractors production milestone at its Greater Noida facility
  • July 23, 2024

The plant manufactures around 2,000 tractor variants, ranging from 35 to 120 horsepower across the two brands.