Jupiter Wagons Q4 net profit grows to Rs 104 cr
The company's total income during the quarter rose to Rs 1,121.34 crore from Rs 712.71 crore in the year-ago period.
The company's total income during the quarter rose to Rs 1,121.34 crore from Rs 712.71 crore in the year-ago period.
Founded by a former Tesla executive, DG Innovate, is currently developing its products alongside a number of major manufacturers across the transportation and energy sectors, research institutions and the UK government.
As interest in AI surges, so too has scrutiny of the technology's energy intensity and its corresponding burden on data centres and power grids. But alongside those challenges are also opportunities for AI to help speed decarbonisation by accelerating the development of sustainable materials.
European imports of Chinese-made electric vehicles (EVs) have soared in recent years, raising concerns among domestic EV producers that could suffer significant losses by a wave of cheap Chinese electric vehicles, and politicians alike.
Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.
Traditional methods of ripping materials out of the ground and refining them for battery backs requires enormous amounts of energy.
There has been substantial localisation in traction motors, control units, and battery management systems over the years, Icra said.
"This Rs 3.07 billion project finance facility represents a pivotal step in both low carbon transportation and financial innovation in India," it added.
Signs a Memorandum of Understanding (MoU) for 500 units of the recently-launched SWITCH IeV4 electric light commercial vehicles (eLCVs) for last-mile and mid-mile delivery.
This rise is marked by heightened tendering activity driven by both central and state governments, described as a 'March Rush'. In contrast, the period saw a 30% decline in the orders awarded, falling to ₹1,623 billion, the lowest growth rate observed over the past eight quarters.
This makes it the first company in the country to reach this mark, underlining its pivotal role in advancing India’s electric mobility landscape.