India has surpassed Japan to become the world's third-largest automobile market, with the sector now valued at Rs 22 lakh crore.
Four-wheelers accounted for 55 per cent of all challans, and two-wheelers accounted for nearly 45 per cent.
Provost, who previously served as Chief Procurement, Partnerships and Public Affairs Officer, brings 23 years of diverse experience within the Group.
The acquisition, once complete, will combine Tata Motors’ dominance in India and emerging markets with Iveco Group’s strong European presence and advanced technology portfolio.
The semiconductor manufacturer has active partnerships with top homegrown automotive companies, including the likes of Tata Motors, Mahindra, and Maruti Suzuki.
The new BSA Bantam 350 might be a rebadge version of the Jawa 42 FJ, but there are a few unique aspects to it.
The auto business, excluding electric SUV contract manufacturing, posted a standalone profit before interest and tax (PBIT) margin of 10%, up 50 bps.
This substantial capital infusion, part of a $135 million round over the past year, is set to launch Africa's largest battery swapping network and accelerate SUN Mobility's domestic growth in India.
Qualcomm, which currently operates with a substantial engineering base of 22,000 professionals in India, is actively pursuing strategic acquisitions of local startups.
The upcoming Triumph Thruxton 400 is slated to be the brand’s most expensive 400 cc offering.
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