Prior to this, Nair has also worked Tenneco Inc and General Motors Co. New Delhi: Vehicle propulsion systems supplier Delphi Technologies on Friday said that the company has appointed Hari N. Nair as interim Chief Executive Officer, effective immediately. As per company release, Nair succeeds Liam Butterworth who is stepping down from his role as… Continue reading Delphi Technologies names Hari Nair as interim CEO
Author: Economic Times of India Online News
Droom raises $30mn funding; to buy back ESOPs worth Rs 50 cr
The company also aims to expand its operations in 100 more Indian cities. New Delhi: Online automobile marketplace Droom Thursday said it has raised USD 30 million (over Rs 200 crore) led by the family office of Japan-based investor, Joe Hirao. The company, which has raised USD 125 million in funding till date, is also… Continue reading Droom raises $30mn funding; to buy back ESOPs worth Rs 50 cr
Chinese lithium giant agrees three-year pact to supply Tesla
Tesla may need as much as 28,000 tons of lithium hydroxide a year from late next year. NEW DELHI: China’s top producer of lithium, a metal used in electric-vehicle batteries, said it’s agreed a deal with Tesla Inc. to supply a fifth of its production to the vehicle maker, highlighting the push for supply pacts.… Continue reading Chinese lithium giant agrees three-year pact to supply Tesla
Peugeot urges France to revive incentives for hybrids
By Laurence Frost and Gilles Guillaume SOCHAUX: PSA Group is pressing the French government to revive sales incentives on rechargeable hybrid vehicles as it rolls out plug-in versions of its larger models to meet tightening European emissions rules, the carmaker said on Thursday. Automakers are rushing to deploy electric cars and hybrids, which combine battery… Continue reading Peugeot urges France to revive incentives for hybrids
Tata Motors cranks out two-platform strategy to rejuvenate product lineup
CHENNAI: As part of its new product strategy, Tata Motors is planning an entire pipeline of models based on a two brand new architecture that will give the company “12-14 new nameplates” by 2022. According to senior company officials, the strategy involves restricting future new products to two platforms – the Alfa architecture and the… Continue reading Tata Motors cranks out two-platform strategy to rejuvenate product lineup
Musk ditches two car paint options to simplify Tesla production
NEW DELHI: Elon Musk’s efforts to streamline production at Tesla Inc. have gotten down to the paintwork. The electric-car maker will ditch two of seven colors offered to buyers on Wednesday to simplify manufacturing, Musk, Tesla’s chief executive officer, said in a tweet. The only forecast Tesla had given previously for the third quarter was… Continue reading Musk ditches two car paint options to simplify Tesla production
ABB ties up with Niti Aayog, OEMs to develop EV charging models
New Delhi: Robotics and automation technology company ABB has joined hands with Niti Aayog and several OEMs to develop electric vehicle charging models. The company showcased its Terra HP fast-charging system which can power up a car for 200 kilometers in a single charge of eight minutes at the MOVE Global Mobility Summit 2018.At present,… Continue reading ABB ties up with Niti Aayog, OEMs to develop EV charging models
Nissan India to double sales points in 3 years; hire 1,500 people
New Delhi: Japanese auto maker Nissan is looking to double its sales and service touchpoints in the next three years, while also building a strong line up for Datsun brand in India, as part of its efforts to control the declining sales and share. The company, which currently has 270 touchpoints, also plans to hire… Continue reading Nissan India to double sales points in 3 years; hire 1,500 people
Toyota-Suzuki revs up plan to roll out hybrid, electric vehicles in India
New Delhi: The Toyota-Suz uki alliance is readying a host of electric and hybrid vehicles for the Indian market as the government places a strong emphasis on cleaner and greener mobility solutions to address the rising pollution challenge and fuel import bill. As part of the plan, four electrified models are likely to be ready… Continue reading Toyota-Suzuki revs up plan to roll out hybrid, electric vehicles in India
China’s Didi Chuxing may back Oyo
“Didi and WeWork are routing their investments through Oyo Global (the India business) but it is primarily for China.” MUMBAI: China’s Didi Chuxing is expected to invest in Oyo Rooms, in what would be the ride-hailing giant’s second bet on an Indian startup, after Ola, two people familiar with the matter said. The proposed investment… Continue reading China’s Didi Chuxing may back Oyo