Baua Electric

MAY 23, 2024

Profit before tax for Q4 FY24 is at INR 302 cr as against INR 209 cr in Q4 FY23. The profit after tax which is Uno Minda’s share excluding exceptional income for FY24 was at INR 860 crore as against INR 654 crore in FY23 reporting a growth of 32%. The EBITDA for the period grew by 28% at INR 1,585 crore. per share i.e. 67.5%

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Baua Electric

MAY 9, 2024

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The new rules now let car buyers get up to USD 7,500 in tax credits for electric vehicles (EV) containing Chinese graphite through 2026. trillion won (USD 7.11

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South Korea Chinese Tax Credit Auto 40

Baua Electric

APRIL 29, 2024

In January, Bakshi had said ANI Technologies–parent of the cab hailing business–had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) in the fiscal year ended March 31, 2023. Ola Cabs founder Bhavish Agarwal continues to be the chairman and managing director.

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Baua Electric

MARCH 9, 2024

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. USD 7,500 EV tax credit after new battery sourcing rules from the U.S. automaker to halt deliveries in late December. Treasury on Jan. Separately, GM on Feb.

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Baua Electric

APRIL 29, 2024

Under this offer, there will be a concession in motor vehicle price or road tax of up to 25% when a customer goes to buy a new personal vehicle after scrapping their old one. When it comes to private vehicles, 12 states are providing a 25% discount on road tax. For commercial vehicles, the concession is 15%.

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Buy India Auto Tax 52

Baua Electric

MAY 9, 2024

Responding to Reuters queries, the Ministry of Mines said the government was taking various steps to ensure the availability of critical minerals for the downstream industry. It found its first lithium reserves only last year and industry experts say the country needs to set up facilities to process lithium locally.

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Baua Electric

MAY 21, 2024

Pielsticker said he supports a proposal from President Javier Milei, under discussion in Congress, to give taxes, customs and exchange rate benefits to large projects. “We are delighted with the general idea of changes that legislation could bring to mining projects,” Pielsticker said.

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Argentina Auto Production Congress 52

Baua Electric

MAY 15, 2024

“While the irrigation and industrial business will grow as usual, we see most of our exponential growth over the next few years come from the EV segment,” Patro said. Matel made over INR 30 crore in revenue in FY24 and has been profitable at a profit after tax (PAT) level since 2019, Patro told ET.

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Baua Electric

APRIL 23, 2024

crore and a profit after tax of INR 5.71 Updated On Apr 24, 2024 at 08:11 AM IST --> Published On Apr 24, 2024 at 08:07 AM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. crore and a profit of INR 1.35

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Baua Electric

FEBRUARY 6, 2024

New Delhi: Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Its profit after tax was at INR 227 crore Notably, the net debt at INR.3,456 Highlighting the significant contributions of subsidiaries, namely Cavendish Industries Ltd. JK Tyre) recorded in Q3FY24 a net revenue of INR3,700 crore.

Auto 52

Auto Mexico Insight Tax 52

Baua Electric

MAY 20, 2024

This includes a one-time deferred tax gain of INR 3.51 New Delhi,: ASK Automotive Limited, a leading brake shoe and advanced braking systems manufacturer for two-wheelers in India, has announced the financial results for the fourth quarter and full year ended March 31, 2024. This includes a one-time deferred tax gain of INR 3.51

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Auto Tax Automobile Insight 40

Baua Electric

JANUARY 22, 2024

India has still to decide whether to cut import taxes on EVs under a proposed policy for carmakers that commit to local manufacturing, something that could ease Tesla’s entry into the market, a top government official told Reuters.

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India Auto South Korea Tax 52

Baua Electric

APRIL 30, 2024

Profit after tax ( PAT) was at INR 517 crore with a margin of 16.3% Profit after tax (PAT) was at INR 517 crore with a margin of 16.3% Its net order book has increased to INR 22,600 crore, from INR 21,500 crore as of March 31, 2023, with 39 new program wins and five new customer additions, the company said in a media release.

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Baua Electric

APRIL 9, 2024

The cab business, whose parent firm is called ANI Technologies , had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) in FY23, bringing in INR 250 crore, Bakshi said, against an Ebitda-level loss of INR 66 crore in the preceding fiscal year.

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Baua Electric

APRIL 25, 2024

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. million expected by analysts in an LSEG poll. .

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Auto Chery Cars Insight 52

Baua Electric

FEBRUARY 7, 2024

. “GFL’s visionary investment and unwavering commitment to innovation highlight our pivotal role in shaping the future of the EV and ESS (Energy Storage System) battery industry,” Vivek Jain, Chairman of INOXGFL Group , said in the statement.

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Production Auto Sodium Energy Storage 52

Baua Electric

MARCH 13, 2024

After corporate tax increases and protests and court cases against Shell and others in recent years, populist parties booked big gains in 2023’s national elections. That has prompted companies to speak out against policies that would discourage immigration and force them and their investors to shoulder more taxes.

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Netherlands Auto Tax Vietnam 52

Baua Electric

JANUARY 25, 2024

EBITDA (earnings before interest, taxes, depreciation and amortisation) during the third quarter of the fiscal also fell 31.3% Updated On Jan 26, 2024 at 11:45 AM IST --> Published On Jan 26, 2024 at 11:41 AM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

Auto 52

Auto Insight Tax Sale 52

Baua Electric

FEBRUARY 29, 2024

Indonesian miners and smelters are still making good margins despite the price drop linked to higher nickel processing, and will benefit further from the shift as lower prices support the country’s battery industry, a senior official said on Thursday. Our intention is to build the industry from upstream to downstream,” he said.

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Indonesia Price Auto Australia 52

Baua Electric

JANUARY 19, 2024

“The luxury industry is I think operating at a little bit of a different level than the main market as it relates to EVs,” “We still see in the data, 60% of the consumer base, that their next luxury vehicle will be an EV.” government tax credit this month as new sourcing guidelines kicked in.

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Baua Electric

FEBRUARY 7, 2024

Proposing a host of fiscal incentives, the Aayog called for reducing the value added tax (VAT) on sale of LNG to heavy duty vehicles to 5% and bringing the retail LNG price under the ambit of the 5% GST bracket. “It “This can generate initial demand for the LNG project and provide sustainability to the retail LNG outlets,” it said.

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Commercial Auto Vehicles Netherlands 52

Baua Electric

MARCH 18, 2024

Once vehicles are registered as school vans or taxis, the owners and drivers must comply with all safety regulations for transporting children and fulfil tax obligations according to the regulations. The rules will later be enacted following the publication of the final notification.

Auto 52

Auto Taxi Transportation Insight 52

Baua Electric

MAY 9, 2024

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. Although I hear that, as we speak, Brussels is thinking of putting a 50% tax on Chinese EV imports into Europe.”

China 52

China Global Supplies Parts 52

Baua Electric

MAY 22, 2024

The earnings before interest, depreciation, and taxes (EBITDA) for the quarter ended March 31, 2024, was at INR 220.80 The earnings before interest, depreciation, and taxes (EBITDA) for the quarter ended March 31, 2024, was at INR 220.80 The Profit before Tax (PBT) for the quarter ended March 31, 2024, was at INR 174.34

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Auto Tax Sale Financing 40

Baua Electric

MAY 3, 2024

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

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Auto Cars Tax Petrol 52

Baua Electric

JANUARY 8, 2024

Meanwhile, Uber India has been facing scrutiny on several regulatory and tax fronts. The bike-taxi industry has come under backlash from some state governments for operating without the requisite licences. The company has also expanded into electric vehicle ride-hailing with the announcement of Uber Green in June 2023.

India 52

India Auto Taxi Tax 52

Baua Electric

APRIL 29, 2024

However, the BP Ventures-backed company is also some distance away from profitability, and will only turn profitable on an earnings before interest, tax, depreciation and amortisation (EBITDA) level in March 2026, Goyal said, attributing the delay in reaching profitability to the capital-intensive nature of the business.

Auto 52

Auto Taxi Financing Insight 52

Baua Electric

FEBRUARY 5, 2024

Ramp up of production in new manufacturing facility at Karoli, Rajasthan is in progress, The company rrecorded the turnaround of ASK FRAS-LE joint venture business, in which ASK share is 49%. This includes one-time deferred tax gain of INR 715 lakh accounted for in Q3 FY24. It rrecorded a PAT of INR 12,601 lakh with 25.5%

Auto 52

Auto Light Insight India 52

Baua Electric

MAY 13, 2024

Bakshi, in January, had said that the firm had made a positive Ebitda (earnings before interest, taxes, depreciation and amortisation) of INR 250 crore in FY23. Profitability and competition For FY23, Ola Cabs parent ANI Technologies reported a INR 1,082 crore loss, just over one-third compared with the year before.

Auto 52

Auto New Zealand India Personal 52

Baua Electric

MAY 10, 2023

in 2021 shaped its Ford Professional industrial unit, which is focused on $45 billion in income via 2025. billion prior to hobby and taxes, objectives to extend routine subscription income and industrial car marketplace percentage, in addition to to decrease the price of possession for fleet shoppers. Ford Motor Co.

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GM Fleet Ford IDEA 52

Baua Electric

APRIL 8, 2024

The move to launch subscription-based plans – where the platforms charge a fixed daily or weekly fee to driver partners on their platforms for an unlimited number of rides – could help Ola and Uber potentially bypass the 5% goods and services tax (GST) applicable on auto-rickshaw rides facilitated by them, people aware of the developments told ET.

Auto 52

Auto Tax Personal Supplies 52

Baua Electric

FEBRUARY 7, 2024

China’s new energy vehicle sales fell 38.8% versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market despite a renewed discounting push led by Tesla. The industry body releases full January data on Thursday. million units, up 47.9%

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Auto Sale Energy Vehicles 52

Baua Electric

JANUARY 28, 2024

King spent last week meeting industry leaders at several round tables in the country’s resources heartland of Western Australia state amid announcements of closures and job cuts. Already this year, a string of Australian nickel projects have been iced, including part of BHP’s operations in the state of Western Australia.

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Japan Auto Australia South Korea 40

Baua Electric

FEBRUARY 5, 2024

On January 25, Ola Cabs’ new chief executive officer Hemant Bakshi had said that fleet-wide electrification, and premiumisation will drive growth for the ride-hailing company going ahead. Bakshi said the company had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) for FY23.

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Auto Insight Tax Companies 52

Baua Electric

APRIL 28, 2024

. “When SK On’s major automaker client Hyundai Motor kicks off EV production in the United States later this year, it would help raise SK On’s EV battery shipment and amount of tax credit received under the U.S. Inflation Reduction Act,” said Kang Dong-jin, an analyst at Hyundai Motor Securities.

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Auto Batteries Battery South Korea 52

Baua Electric

JANUARY 16, 2024

Analysts and industry experts believe the move will affect the second-hand market for EVs and dissuade buyers who are already rethinking big purchases due to higher borrowing costs. “Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” Hertz, the largest U.S.

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Sale Auto Market Cars 52

Baua Electric

MAY 17, 2024

Greenpeace UK’s senior transport campaigner, Paul Morozzo, called on the next government to reinstate the 2030 ban and increase tax on polluting vehicles. Labour’s plans for emissions targets have been called into question after leader Keir Starmer ditched its flagship commitment to spend £28 billion ($35.5

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