BMW Landshut producing fuel cell drive components for small-series BMW i Hydrogen NEXT in 2022
The BMW Group will pilot a small series of the BMW i Hydrogen NEXT fuel cell vehicle from 2022, based on the current BMW X5 and equipped with a hydrogen fuel cell e-drive. The BMW Group is building on its experience with fifth-generation e-drives to develop this vehicle.
The Lightweight Construction and Technology Centre (LuTZ) in Landshut plays a key part in this by producing essential components for the hydrogen-electric drive train and supplying them for installation of the fuel cell system in Munich.
The production location in Lower Bavaria will manufacture the stack housing made of light metal, which holds the fuel cells, and the media end plate made of plastic and light metal castings, which creates an air and watertight seal around the stack housing.
Rane Madras Limited announces earnings for Q3 FY21
Posted On: 2021-01-27 00:17:40 (Time Zone: Arizona, USA)
Rane (Madras) Limited (NSE: RML; BSE code:532661), a leading manufacturer of steering and suspension products and light metal casting components today announced its standalone and consolidated financial performance for the third quarter (Q3 FY21) and nine months (9MFY21) ended December 31, 2020.
Standalone Q3 FY21 Performance
- Total Revenue was Rs. 398.8 crore for Q3 FY21 as compared to Rs. 280.2 crore in the Q3 FY20, an increase of 42.3%.
- EBITDA stood at Rs. 50.8 Crore as compared to Rs. 24.6 Crore during Q3 FY20, an increase of 106.2%.
- EBITDA Margin at 12.7% for Q3 FY21 as against 8.8% in Q3 FY20, an increase of 395 basis points (bps)