Automotive tier 1 supplier Uno Minda has announced its results for Q4 and FY2023. The company clocked consolidated revenue of Rs 11,236 crore for FY2023, up 35 percent, as against Rs 8,313 crore a year ago. The EBITDA came at Rs 1,242 crore, up 40 percent and net profit of Rs 654 crore versus Rs […]
A strong resilience in the Indian automotive market and focus on premiumisation have helped Apollo Tyres post strong financial results in FY2023. The company has been aggressively pushing its premium European brand Vredestein in the Indian market, which seems to have received a warm response. In Q4 FY2023, the revenues from operations across geographies was […]
The product development life cycle is going through a sea of change. Gone are the days when OEMs would be able to launch just a couple of products in a year and still attain growth. India is now the world’s fourth-largest automotive market and the customers today want the best of all worlds but at […]
The world is experiencing interesting times with connected devices redefining how human beings interact with the ecosystem. In this context, innovation in the automotive industry is particularly noteworthy, with connected vehicles becoming equipped for varying degrees of autonomous driving. Their popularity will only continue to grow in the near future with an expected market size of […]