Honda opens new Solution R&D centre in Bengaluru for e-mobility technologies
New Delhi: Honda R&D (India) Private Limited (HRID), a subsidiary of Honda Motor Co., Ltd. and functioning as Honda’s research and development arm for motorcycles & power products in India, Thursday 0pened its new Solution R&D Centre in Bengaluru.

Domestic tyre volume to grow up to 6% in FY25: ICRA
New Delhi: Domestic tyre volume growth is expected to moderate to 4-6% in FY2025 from an estimated 6-8% in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment, according to ICRA.

Revolutionizing Petrochemical Production: Honeywell’s NEP Technology Boosts Efficiency and Sustainability
Honeywell’s latest breakthrough in naphtha technology promises to revolutionize the petrochemical industry, offering a transformative solution to enhance energy efficiency and sustainability. Announced on May 9, 2024, the Naphtha to Ethane and Propane (NEP) process is set to empower regions worldwide by optimizing light olefin production and reducing CO2 emissions.

Greaves Cotton announces 15% YoY revenue growth in FY24, records highest PBT of decade at Rs 366 crore
Greaves Cotton has reported standalone revenues of Rs 481 crore for the fourth quarter of fiscal year 2024, an increase of 10% YoY.  The Company has reported an improvement in standalone margins with quarterly EBITDA at Rs 56 crore, a growth of 9% YoY.  The Q4FY24 Consolidated revenue stood at Rs 673 crore.  

TVS Credit Services Q4 standalone net surges 33% to ₹148 crore

Tata Steel becomes first Indian steel company to complete fully loaded voyage from Australia to India on B24 biofuel

Shubham Automation selects Dassault Systems platform for faster product development
New Delhi: Dassault Systems Wednesday said that Shubham Automation, one of the leading providers of industrial automation solutions, has selected Dassault Systèmes’ 3DExperience Works to accelerate its product development cycle.

Gen AI: Catalysing Innovation in Product Design at Tata Elxsi
As Tata Elxsi continues to redefine the landscape of product design, their innovative integration of Gen AI heralds a new era of efficiency and creativity.

TVS SCS wins new business deal for Eicher's bus facility in Baggad

VECV, a leading manufacturer of commercial vehicles, has been associated with TVS SCS since 2006 for in-plant logistics operations at its truck plant in Pithampur, Madhya Pradesh. The new deal for VECV’s bus plant will last for three years. This two-decade partnership has created over 1,200 job opportunities in Madhya Pradesh.

Kinetic Engineering says EVs, exports to drive Rs 700 crore 5-year revenue target
Kinetic Engineering, already in long-term contracts with global auto majors like Renault Nissan, BRP, Magna Powertrain, American Axle, is now focussing on EVs along with exports to drive growth. Typically, electric vehicles need a lot less components than the conventional IC engines. However, transmissions are still required and Kinetic Engineering is betting on its ability to develop different types of gears to power its Rs 700 crore in 5 years revenue target.

Bridgestone India launches new Dueler All-Terrain 002 tyres

Tata Elxsi and Arm Collaborate to Propel Software-Defined Vehicles
Tata Elxsi, a leader in technology and design services, has joined forces with Arm, the global semiconductor design and software platform company, to deliver cutting-edge solutions leveraging the latest Arm processors. This collaboration aims to empower Automotive OEMs and Tier-1s in expediting their transition to software-defined vehicles (SDVs).

Tata Communications unveils fully-automated edge computing platform CloudLyte
Tata Communications, the global commtech player, Tuesday unveiled Tata Communications CloudLyte, a fully-automated edge computing platform, designed to empower future-ready enterprises to thrive in a data-driven world.

Declining battery costs to encourage faster adoption of BESS
New Delhi: Softening prices of raw materials and increasing production has led to a record decline in battery prices last year, which in turn will help in increasing the adoption of battery energy storage systems (BESS). According to ICRA, the storage cost using BESS is estimated to have come down from over ₹8-9 per unit in 2022 to ₹6-7 per unit at present.

Suniel Shetty-backed Regrip exits to IIMA Ventures and secures USD 2 mn funding from seed investors
New Delhi: Regrip, a tyre-recycling startup backed by Suniel Shetty, Govt of Rajasthan, and the Union Ministry of Electronics and Information Technology(MeitY), has secured USD 2 million funding to innovate tyre recycling landscape in India. It has also announced the exit of the initial investors in favour of IIM Ahmedabad Ventures.

Cartrade Tech Q4 Results Live : profit rise by 50.58% YOY
Cartrade Tech Q4 Results Live : Cartrade Tech declared their Q4 results on 06 May, 2024. The topline increased by 51.54% & the profit increased by 50.58% YoY. As compared to the previous quarter the revenue grew by 4.83% and the profit increased by 192.94%.

Rubber industry renews call for higher duty on import products

All India Rubber Industries Association has renewed its demand for higher import duty on rubber-finished products to promote the interests of local producers and farmers. The fall in natural rubber prices is mainly due to oversupply globally, with countries such as Thailand, Vietnam, Indonesia, Malaysia and India significantly increasing rubber cultivation to meet demand from the automotive industry, according to Shashi Singh, President, AIRIA.

CEAT to enter North & Latin America
Mumbai: Tyre-maker CEAT will enter North and Latin America with passenger car and truck and bus radial tyres in 2024.  CEAT will commence exporting their products to North America followed by Latin America. The Mumbai headquartered company has planned to grow its exports to 25 per cent from the current 20 per cent in the next three years. 

Tata Tech slips 5% after ramp down in key account drags results
ata Group’s recently-listed IT services arm Tata Technologies recorded a 5% drop in its shares as the bourses opened on Monday, after the company posted a 27% year-on-year decrease in its Q4 net profit and 7% drop in topline on Friday after market hours. Since its listing in November, the stock has slipped about 13% to Rs 1,045.5 from its listing price of Rs 1,200, but is still significantly above its issue price of Rs 500.

MRF Q4 Results Live : profit rise by 16.27% YOY
MRF Q4 Results Live : MRF declared their Q4 results on 03 May, 2024. The topline increased by 8.69% & the profit increased by 16.27% YoY. Compared to the previous quarter, the revenue grew by 3.03% and the profit decreased by 22.29%.

Beware! White LED headlights can be penalized in this Indian state: Details

C-DAC-developed thermal smart camera tech transferred to CP Plus
The indigenous technologies of thermal smart camera, designed and developed by C-DAC (Centre for Development of Advanced Computing) Thiruvananthapuram, under The Intelligent Transportation System Endeavor (InTranSE) Program of the Union Ministry of Electronics and Information Technology (MeitY), was transferred to the CP Plus of Aditya Infotech, an official media release said.

Tata Tech FY 24 PBT up 17.1% YoY to INR 932.1 cr
New Delhi: Tata Technologies Limited, a leading global engineering services company, has announced financial results for the quarter and year ended March 31, 2024 .

Tyremaker CEAT's fourth-quarter profit falls on higher costs
Indian tyremaker CEAT reported a lower fourth-quarter profit on Thursday, hurt by higher rubber costs.

Tyre maker MRF posts surprise drop in profit as rubber prices jump
India's MRF reported a surprise drop in its fourth-quarter profit on Friday, as the tyre maker faced pressure from a spike in rubber prices.

MRF net vaults 170% to cross Rs 2,000 crore, to pay ₹194 final dividend
Chennai: MRF has announced a final dividend of ₹194 per share for the fiscal year ending March 31, 2024, on the back of the company recording a 170 per cent increase in net profit, which crossed the ₹2,000-crore mark at ₹2,081 crore, against ₹769 crore in 2022-23.

Vitesco Technologies; Profitability and cash flow for FY23 beat expectations
CEO Andreas Wolf said, “2023 was a challenging but successful year. Our company achieved further profitable growth, won major orders, and advanced its leading position in the electro-mobility market.”

CEAT shares plummet 9% after Q4 net profit dips 23% YoY
CEAT posts 22% dip in net profit in Q4
The Hindu Business Line

India's highest-priced stock MRF declares Rs 194/share dividend

CEAT to expand tyre capacity at its Chennai plant