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Uno Minda revenue grows 31%, PAT up 47% – ET Auto

Baua Electric

New Delhi: Uno Minda has announced its results for the quarter and the year ended 31st March 2024. At a consolidated level, the company reported a revenue growth with revenue of INR 3,794 cr for Q4 FY24 as against INR 2,889 cr in Q4 FY23, registering a rise of 31%. to 8 million wheels per annum, the company said.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 The good news is that most of the US players now have their costs in line to capitalize on a slow, steady sales recovery. million in 2012.

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Over 42k Tesla supporters are urging Pres. Biden to acknowledge the company’s EV leadership

Teslarati

“In the auto industry, Detroit is leading the world in electric vehicles. By February, Musk revealed that he had spoken to the Biden administration about a possible carbon tax, which his companies like SpaceX would be paying. Don’t hesitate to contact us with news tips. Credit: General Motors.

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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

This bodes well for Tesla, and it could result in the company not competing with some of its strongest rivals in the country, at least in the near future. Tesla is the world leader in pure electric vehicles, but in China, the company has a number of strong competitors. India is an increasingly important market in the auto industry.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

Each company holds a 50% stake in the joint venture for the U.S.-based The companies plan to invest over $4.3 The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. The company is already preparing to achieve its goal by investing $18.1

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Uber announces ‘Comfort Electric’ featuring Tesla and Polestar vehicles

Teslarati

Ride-sharing service Uber has launched ‘Comfort Electric,’ a new way for users to get around in style and be part of the company’s global commitment to become a zero-emissions mobility platform by 2040. Tesla rentals will cost $334 per week, excluding taxes or fees. ” I’d love to hear from you!

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Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

I say apparently as a PR person with Stellantis, the parent company of Jeep, stated the following to me in a January 18 email: I can tell you that it is true, we were the best selling plug-in hybrid SUV last year in the US. Auto Industry Analyst. Rick Deneau, Stellantis. Flip a coin.

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