Tata Motors is struggling to get a grip on the steering wheel. Ex-Daimler executive Marc Llistosella will no longer be joining the $15 billion owner of Jaguar Land Rover as chief executive of its Indian business in July due to “personal reasons”, the company revealed on Friday. Llistosella was to be the fifth boss in… Continue reading Capital Calls: Tata Motors hits leadership pothole
Author: Economic Times of India Online News
Newly-appointed CEO and MD Marc Llistosella not to join Tata Motors
Llistosella was most recently the president and CEO of Fuso Truck and Bus Corporation and head of Daimler Trucks in Asia. New DELHI: Marc Llistosella who was appointed as the new chief executive officer and managing director of Tata Motors effective from July 1, 2021 will not be joining the company as he is not… Continue reading Newly-appointed CEO and MD Marc Llistosella not to join Tata Motors
Solar powered EV charging station developed at IISc
BENGALURU: A solar photovoltaic powered electric vehicle (EV) charging station has been developed at the Indian Institute of Science (IISc) in this tech city, an official said on Tuesday. “The zero-emission EV charging station powered by solar cells has been designed and developed at our sustainable transportation lab by the UK-based Greenencho Ltd under the… Continue reading Solar powered EV charging station developed at IISc
Shuchi partners with HPCL to set up EV charging points across retail fuel pumps
The company is also gearing up to provide charging as a service for buses as well as freight vehicles for last-mile logistics,” Co-founder and Executive Director at Fourth Partner Energy Saif Dhorajiwala said. Bengaluru: Shuchi Anant Virya on Wednesday announced its partnership with Hindustan Petroleum Corporation Limited (HPCL) to set up a pan-India network of… Continue reading Shuchi partners with HPCL to set up EV charging points across retail fuel pumps
European new car sales drop by 20% y/y in February- ACEA
Sales at Volkswagen and Stellantis dropped by 19% and 22% respectively, while Renault reported a fall of 29%. BERLIN: European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. New car registrations dropped by 20.3% year-on-year to 850,170 vehicles in the… Continue reading European new car sales drop by 20% y/y in February- ACEA
Volkswagen abruptly pulls plug on South Korean battery makers
By Heekyong Yang, Yilei Sun and Christoph Steitz SEOUL/BEIJING/FRANKFURT: Days before Volkswagen AG held an event to announce a major ramp-up in its electric vehicle production, the German car maker abruptly told its South Korean battery suppliers their current technology would be largely excluded from those plans. The decision by the world’s second largest automaker… Continue reading Volkswagen abruptly pulls plug on South Korean battery makers
Bharat Forge to undertake EV biz through wholly-owned unit
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
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