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Bharat Forge has posted a 13% year-on-year increase in net profit for Q2 FY24, reaching ₹243 crore. While revenues saw a slight decline, the company's strong export performance, operational efficiencies, and strategic diversification into sectors like aerospace and defense contributed to its continued profitability.
Varroc Engineering has posted a 4% year-on-year increase in Profit After Tax (PAT) for Q2 FY24, with revenue growing by 10%. The company's strong performance was driven by robust demand in the automotive sector, strategic investments in electric vehicle components, and operational efficiencies. Explore the highlights and future outlook for Varroc in this detailed analysis.
Hero MotoCorp has reported a remarkable 13% increase in sales during the 2024 festive period, reaching 15.98 lakh units—the highest in the company's history. With strong demand from both urban and rural markets, this achievement highlights the growing consumer confidence and the effectiveness of Hero's strategic initiatives. Dive into the details of this success and its implications for the two-wheeler industry.
Mahindra & Mahindra's stock surged 5% following a record-breaking October, with SUV sales climbing 25% year-on-year to 54,504 units. This impressive performance, coupled with strong tractor and export sales, positions M&M favorably in the competitive automotive market. Dive into the details of their growth and what it means for investors.
Hero MotoCorp reported a remarkable 18% year-on-year increase in sales, reaching 679,091 units in October 2023. This surge, driven by festive demand and a strong product lineup, solidifies the company's position as a leader in the two-wheeler market. Explore the implications of these results and what they mean for the future of the industry.
Pavna Industries has reported a stunning 76% increase in net profit for Q2 FY25, fueled by strategic initiatives and a commitment to the burgeoning electric vehicle market. This blog delves into the company’s financial highlights, management insights, and future growth prospects, positioning Pavna as a key player in the automotive sector.
TVS Motor Company has reported impressive Q2 FY25 results, showcasing a 23.4% profit increase and record sales of 12.28 lakh units. This performance has driven a 3% rise in share prices, reflecting the company's strong position in the two-wheeler market and its commitment to sustainable mobility. Explore the key financial highlights and what this means for the future of TVS Motor.
JSW Green Mobility is set to establish a major electric vehicle manufacturing plant in Maharashtra, with 636 acres allocated in AURIC city. This ₹27,200 crore investment will create 5,000 direct jobs and contribute to the growing EV market, with production expected to start within 12 to 18 months.
TVS Motor Company has reported a significant 20% increase in sales for September 2024, driven by strong demand in the two-wheeler and electric vehicle segments. This blog delves into the details of their impressive performance, key market trends, and the challenges faced in the three-wheeler category.
Mahindra & Mahindra has reported a striking 24% increase in domestic SUV sales for September 2024, with a total of 51,062 units sold. This impressive growth reflects not only the rising consumer demand for SUVs but also the company's strategic initiatives, including new model launches and enhanced offerings. In this blog, we delve into the factors behind this success, the overall sales performance, and what these trends indicate for the future of the automotive market in India