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Commercial vehicle manufacturers identified the higher cost of green hydrogen fuel cells as another challenge in a meeting with MNRE on January 25.
The Royal Enfield motorcycle manufacturer on Tuesday reported a strong 34.4% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 996 crore, and this was tad higher than an ETNow poll of Rs 969 crore.
Saurabh Mukherjea highlights the rise of Indian women as a major theme in the budget. He mentions Rainbow Medicare that are focused on this theme. He also discusses the government's focus on creating opportunities for the poor rather than giving handouts. Mukherjea suggests looking at Eicher Motors as a play on the rural recovery and the Volvo Eicher side of the business. He further talks about the potential of Royal Enfield and the growing EV market for VECV.
Volvo Eicher: In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 4,686 units in November 2023 compared to 4,483 units in November 2022, a hike of 4.5%.
Pti: WAF Facilitates Industry Leaders to Co-Create the Win-Win Future of AI at Auto & Mobility