Auto Sector

The tyre company reported a 13.7% year-on-year (YoY) fall in net profit to ₹354 Crore for the fourth quarter ended March 31, 2024.

He further stated that for JLR the planned expenditure is about 3.5 billion pounds, approximately ₹35,000 Crore.

It has also partnered with Ather Energy to create an interoperable charging network that would provide its consumers with over 2,000 outlets.

The company has also notified the exchanges of the resignation of Managing Director Ashish Gaikwad, who will now serve as the head of Indian business.

Currently, the company's total annual tractor production capacity is 1.7 lakh units. The main plant is located in Faridabad.

During the quarter, Royal Enfield sold 227,925 motorcycles, increasing 6.17% from 214,685 motorcycles sold in FY 2022-23.

TML's revenue in the fourth quarter of fiscal year 2023-24 was ₹120.0K Crore, up 13.3% over the same period last year.

He joined Mahindra in 2022 to lead the company's European operations, which included Peugeot Motors and Automobili Pininfarina.

For the entire fiscal year, the company's standalone net profit increased by more than 64% to ₹13,209 Crore.

According to the statement, CG Motors, a division of the Chaudhary Group, plans to quickly grow its sales and service network throughout Nepal to meet the increasing demand from customers.