ABB said it had begun carving out its e-mobility business into a separate legal entity ahead of a potential IPO. ZURICH: ABB unveiled plans to possibly float its electric vehicle charging business on Tuesday as the Swiss engineering company returned to pre-pandemic levels of profit. The maker of industrial motors and drives reported net profit… Continue reading ABB may list electric car charging business, profit rises by a third
Author: Economic Times of India Online News
Second Covid-19 wave may pose downside risk to domestic auto demand: Report
For 2020-21, the total export volumes declined 13 per cent YoY with PV, CV, and 2W exports volume falling 39 per cent, 17 per cent, and 7 per cent YoY, respectively, Ind-Ra said. The second wave of Covid-19 could pose downside risks to the domestic auto industry demand in the near term, a report said… Continue reading Second Covid-19 wave may pose downside risk to domestic auto demand: Report
Continental AG posts rise in Q1 sales, margin
Continental said last month that it expects to return to net profit this year despite a microchip shortage that is expected to drag on for months. BERLIN: German automotive supplier Continental AG reported a rise in sales and operating margin in the first quarter on Friday, adding that its financial results exceeded analyst consensus. Sales… Continue reading Continental AG posts rise in Q1 sales, margin
All private car registrations in Maharashtra cancelled till May 1
MUMBAI: All learner’s licence and permanent driving licence tests have been cancelled at RTOs in Maharashtra and no private vehicles are being registered till May 1, state transport commissioner Avinash Dhakne said on Thursday. The halt in private car and bike registrations could hit the economy, which was recovering from the slump during Covid last… Continue reading All private car registrations in Maharashtra cancelled till May 1
Toyota partners with S African fuel giant Sasol to pioneer hydrogen-powered mobility
The partners said that key to the success of the project would be the involvement of other companies and stakeholders along the hydrogen mobility value chain. By Fakir Hassen Johannesburg (South Africa): Japanese automotive manufacturer Toyota has partnered with South African fuel giant Sasol to develop a green hydrogen-powered mobility ecosystem. The two companies announced… Continue reading Toyota partners with S African fuel giant Sasol to pioneer hydrogen-powered mobility
Mahindra & Mahindra plants in Maha operating at lower manning levels
The company also said all of its offices in Maharashtra are also closed following the 15-day curfew that began on Wednesday, as the state government, which stopped short of announcing a full-scale lockdown, enforced stricter curbs on public activities, to curb spread of coronavirus. New Delhi: Homegrown auto major Mahindra & Mahindra on Thursday said… Continue reading Mahindra & Mahindra plants in Maha operating at lower manning levels
S Korea to set global standards for EV wireless charging
The technology is expected to be first applied on buses that run on fixed routes before being available in other automobiles. The agency believes the development can lead to stronger demand for EVs once commercialized. Seoul, South Korea said on Thursday it will ramp up efforts to promote a homegrown charging technology for electric vehicles… Continue reading S Korea to set global standards for EV wireless charging
DJI to unveil car-related products on April 19: Report
DJI has reportedly also got other solutions for autonomous driving functions, the report added. Beijing: China-based commercial drone-making company DJI is finally making a move towards the automobile industry as it is releasing car-related products at the Shanghai Auto Show which will commence from April 19-28. The announcement, done on DJI Automotive’s official WeChat account,… Continue reading DJI to unveil car-related products on April 19: Report
Sharda Motor Industries shuts down manufacturing unit at Greater Noida
The filing added that the production and supply facility for Mahindra & Mahindra are being shifted to Nasik unit in Maharashtra. New Delhi: Automobile parts maker, Sharda Motor Industries Ltd on Monday said it has shut a manufacturing unit at Greater Noida from where it supplied canopies to Maruti Suzuki and Mahindra & Mahindra. The… Continue reading Sharda Motor Industries shuts down manufacturing unit at Greater Noida
UT advisory council to take call on uniform speed limits
The suggestion was that speed limits should be rationalised with common limits on similar roads and focus be on encouraging responsible road behaviour and not just challaning. CHANDIGARH: The UT administration has recommended for rational speed limits with common limits on similar roads, the final call on which will be taken by the UT administrator’s… Continue reading UT advisory council to take call on uniform speed limits