Auto Sector

The alliance aims to provide convenience to EV customers by boosting the availability of EV chargers during long-distance and intercity travels.

The EBITDA margin was 14.1% in the reporting quarter, compared to 14.5% in the same period last fiscal year.

Timken then stated that the net proceeds from the transaction would be used to support its 2023 capital allocation targets, with an emphasis on share repurchases.

The corporate agency license would enable Mahindra Finance enhance its product line by including insurance products.

The tyre producer reported a net profit of ₹811 Crore for the fiscal year ended March 31, 2024, up thrice from ₹265 Crore in FY23.

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.