On Tuesday, the investment committee (Strategic Business) of the company approved acquisition of 100 per cent stake in KPPL which shall act as the SPV to carry on the EV business. New Delhi: Auto components firm Bharat Forge on Tuesday said it intends to undertake electric vehicle (EV) business through a special purpose vehicle, which… Continue reading Bharat Forge to undertake EV biz through wholly-owned unit
Author: Economic Times of India Online News
Sivakumar P joins SAR Group as CTO of EV business vertical
New Delhi: Sivakumar P has joined the SAR Group as Chief Technology Officer (CTO) of the electric vehicle business vertical. He will be reporting to MD and CEO K Vijaya Kumar. SAR has been incubating E-Mobility business in the two-wheeler and three-wheeler segments under the Lectrix brand, components business under the Livguard Drivetrain brand, and… Continue reading Sivakumar P joins SAR Group as CTO of EV business vertical
Auto volumes to grow in double digits: Ind-Ra
Ind-Ra said it expects limited rating movements in the sector in FY22 and has thus maintained a stable rating outlook. Mumbai: India Ratings and Research (Ind-Ra) on Friday revised its outlook for the auto sector to improving for FY22 from negative on account of a likely revival across segments aided by positive consumer sentiments amid… Continue reading Auto volumes to grow in double digits: Ind-Ra
Honda of America plans to sell 2 fully electric SUVs in 2024
Honda is the latest automaker to announce battery-powered vehicles that will be sold in the U.S. market. DETROIT: Honda has plans to sell two all-electric SUVs in the U.S. for the 2024 model year, and it soon will offer hybrid gas-electric versions of its top-selling models. The announcements Thursday come as the automaker acknowledges it… Continue reading Honda of America plans to sell 2 fully electric SUVs in 2024
Tata Motors shareholders’ give nod to hive-off PV biz into new entity
On the completion of the deal, TML Business Analytics Services Limited will be changed to ‘Tata Motors Passenger Vehicles Limited’. Mumbai: Shareholders of Tata Motors have approved the hiving off of its passenger vehicles business into a separate entity. The shareholders on March 5, resolution for approving the scheme of arrangement between Tata Motors Limited… Continue reading Tata Motors shareholders’ give nod to hive-off PV biz into new entity
City gets state’s first intellectual property rights facilitation centre
Though the government has sanctioned the centre for the city’s business body, Auto Parts’ Manufacturers’ Association (APMA), it will offer services to all other sectors as well in filing for patents, copyrights, trademarks, and industrial designs. Ludhiana: In a good news for the local industry, the Central government has approved an Intellectual Property Rights Facilitation… Continue reading City gets state’s first intellectual property rights facilitation centre
Higher infra spend ups ‘Construction Equipment’ volumes
The agency pointed out that continued limited fiscal bandwidth with state governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022 as two critical demand headwinds in the coming quarters. New Delhi: Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a… Continue reading Higher infra spend ups ‘Construction Equipment’ volumes
Mobility hackathon picks six projects to address existing challenges
Representative Image. New Delhi: The mobility hackathon organised by India and Sweden has picked six projects to address existing challenges including safe transport and emissions in traffic. The virtual award ceremony of ‘Sweden-India Mobility Hackathon: Changing the way we move!’, which was held from February 26 to 28, was conducted on Wednesday. It was attended… Continue reading Mobility hackathon picks six projects to address existing challenges
Mexico auto output dives in February amid bad weather, chip shortages
Representative Image MEXICO CITY: Mexican automotive production and exports tumbled in February, data from the national statistics agency (INEGI) showed on Friday, hit by temporary closures of factories due to bad weather and a global semiconductor chip shortage. Auto output plunged 28.85% from February 2020 to 238,868 units, the figures showed, while auto exports declined… Continue reading Mexico auto output dives in February amid bad weather, chip shortages
Shrem Group files for Rs 600 crore InvIT IPO
New Delhi: Shrem Group has filed for a Rs 600 crore initial public offering of its infrastructure investment trust (InvIT), according to people aware of the matter. The group promoted by the Chhatwal brothers operates Fairmont hotels in India and is a shareholder in Mumbai’s Nanavati Hospital. It acquired 24 road assets from Dilip Buildcon… Continue reading Shrem Group files for Rs 600 crore InvIT IPO