Foxtron still operates a contract design and manufacturing services (CDMS) business model, under which it makes electric vehicles for car brands. Foxtron Vehicle Technologies , a joint venture between Taiwan‘s Foxconn and Yulon Motor, said on Friday it would acquire Yulon Motor‘s Luxgen passenger-car brand for T$787.6 million ($24.95 million). The deal, which has been… Continue reading Foxtron to acquire Yulon Motor’s Luxgen for $25 million
Author: Economic Times of India Online News
Maruti Suzuki Chairman R C Bhargava receives ICSI Lifetime Achievement Award
R C Bhargava, Chairman of Maruti Suzuki India Limited, on Friday, was conferred with the ICSI Lifetime Achievement Award for Translating Excellence in Corporate Governance into Reality by the Institute of Company Secretaries of India (ICSI). The award was presented at the ICSI National Awards for Excellence in Corporate Governance by Raj Bhushan Choudhary, Minister… Continue reading Maruti Suzuki Chairman R C Bhargava receives ICSI Lifetime Achievement Award
MCD annual plan: Parking, EV charging infrastructure in focus
Public charging points have expanded fivefold in three years—from 5,151 in CY22 to over 26,000 by early FY25—helping address one of the key challenges to wider EV acceptance. New Delhi: Municipal Corporation of Delhi (MCD) has chalked out an annual action plan to control air pollution in 2026 and shared it with Union environment minister… Continue reading MCD annual plan: Parking, EV charging infrastructure in focus
‘No PUC, No fuel’ rule: Awareness improves; checks across Delhi pumps uneven
According to the officer, enforcement has been significantly scaled up across the national capital. A day after the enforcement of BS-VI compliance and mandatory pollution-under-control certificates at Delhi’s border points and petrol pumps, awareness among commuters appeared to have increased on Friday, with many people voluntarily producing documents before refuelling. Nischal Singhania, president of the… Continue reading ‘No PUC, No fuel’ rule: Awareness improves; checks across Delhi pumps uneven
On a building spree: Consumer cos, auto inc push capex pedal
The carmakers cited above will deploy capex in launching petrol, diesel, CNG, hybrid and EV models, ramping up capacities for domestic and export markets, and in undertaking research and development projects, company executives said. India’s consumer goods and auto majors are stepping up fresh investments in manufacturing over the next two years, betting on sustained… Continue reading On a building spree: Consumer cos, auto inc push capex pedal
Readily Mobility begins public company conversion, explores ₹100 crore IPO
The company, which began as an electric vehicle aftersales services provider, has expanded into solar commissioning and operations. Readily Mobility Solutions on Friday said it has initiated the process of converting into a public company as it prepares for a potential initial public offering, according to the company. The Delhi-based firm said that it is… Continue reading Readily Mobility begins public company conversion, explores ₹100 crore IPO
Italy ends probes on Stellantis, Volkswagen, Tesla, BYD over EV consumer info
The authority also polices consumer rights, and under Italian legislation, breaches of consumer rights rules can lead to company fines ranging from 5,000 euros to 10 million euros. Italy’s competition authority said on Friday it had closed probes of BYD, Stellantis, Tesla and Volkswagen for allegedly misleading consumers on the performance of their electric vehicles.… Continue reading Italy ends probes on Stellantis, Volkswagen, Tesla, BYD over EV consumer info
Ford to recall over 272,000 US vehicles due to loss of park function
The park module software will be updated over-the-air or by a dealer free of charge, NHTSA added. Ford is recalling 272,645 vehicles in the US due to a loss of park function, causing the vehicle to roll away and increasing the risk of a crash, the US National Highway Traffic Safety Administration said on Friday.… Continue reading Ford to recall over 272,000 US vehicles due to loss of park function
FMCG and auto majors ramp up manufacturing capacity amid demand growth and GST gains
Major Indian consumer goods and auto companies are boosting manufacturing investments over the next two years. This move signals confidence in sustained demand growth. India’s consumer goods and auto majors are stepping up fresh investments in manufacturing over the next two years, betting on sustained demand growth as the impact of the goods and services… Continue reading FMCG and auto majors ramp up manufacturing capacity amid demand growth and GST gains
Maruti Suzuki Victoris wins ICOTY 2026, TVS Apache RTX wins IMOTY: All details here
The highly anticipated 2025 Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY) awards have been announced. Instituted in 2005 for ICOTY and 2007 for IMOTY, the awards are decided by a nationwide jury of automotive journalists who collectively evaluate and vote on the winners based on their expertise and real-world… Continue reading Maruti Suzuki Victoris wins ICOTY 2026, TVS Apache RTX wins IMOTY: All details here