Autocar_Professional India Online News – Page 1178

Toyota Group to sell US$ 4.7 billion sale of Denso stake: Report

Toyota Motor and two affiliates plan to sell about 10 percent of components maker Denso by year-end, a stake likely worth aboutUS US$ 4.7 billion, news agencies have reported. The sale of shares in Denso comes as the world’s top selling automaker looks to ramp up production of fully electric vehicles, which is a capital-intensive… Continue reading Toyota Group to sell US$ 4.7 billion sale of Denso stake: Report

Toyota Group to sell US$ 4.7 billion sale of Denso stake: Report

Volkswagen Boss says VW brand no longer financially competitive, need to trim staff and costs: Report

German auto major Volkswagen’s boss Thomas Schaefer has said that high costs and low productivity were making its cars uncompetitive, on account of which it was negotiating a cost cutting scheme at the VW brand with its workers council, Reuters reported. The company had previously said it planned to take advantage of the “demographic curve”… Continue reading Volkswagen Boss says VW brand no longer financially competitive, need to trim staff and costs: Report

Siemens’ net profit jumps 36% and revenue by 25% in Q4 FY2023

Siemens Limited, which offers services to automotive and other sectors, reported on Tuesday a net profit of Rs 534 crore during Q4 FY23, which is a 36% jump over the same period last year. The company’s revenue during the same period stood at Rs 5,297 crore, a 25% YoY increase. As per a statement issued… Continue reading Siemens’ net profit jumps 36% and revenue by 25% in Q4 FY2023

Government set to launch first-ever auction of critical mineral blocks

The Ministry of Mines is scheduled to initiate the inaugural tranche auction of critical and strategic minerals on November 29, 2023. Pralhad Joshi, the Union Minister of Coal, Mines, and Parliamentary Affairs, will inaugurate the auctioning process for 20 blocks of critical and strategic minerals, as announced by the ministry in a statement. Details regarding… Continue reading Government set to launch first-ever auction of critical mineral blocks

Government set to launch first-ever auction of critical mineral blocks

Stellantis, Foxconn JV MobileDrive opens new office in Bengaluru

MobileDrive, a joint venture between Stellantis and Foxconn, has opened a new research and development centre in Bengaluru, India. MobileDrive India will be key to helping the company bring products to market faster for customers and will focus on the development of software for digital cockpit solutions that provide AI-enhanced, In-vehicle Infotainment and ADAS solutions for… Continue reading Stellantis, Foxconn JV MobileDrive opens new office in Bengaluru

Exicom expands into the UK Market, introduces range of EV Chargers

Exicom, India’s largest EV charger manufacturer, has announced its strategic entry into the UK and European market. The company plans to strengthen its distribution channel and will be providing EV chargers through direct sales channels too. As part of its global expansion strategy, Exicom has identified Europe as a key market for its home charging… Continue reading Exicom expands into the UK Market, introduces range of EV Chargers

Revolt Motors introduces new RV400 in Eclipse Red color

RattanIndia owned Revolt Motors has announced the launch of RV400 in a new colour – Eclipse Red. RV400 in the new Eclipse Red colour resonates a potent spirit in deep red colour and exudes an unmatched depth in its glossy glaze, Revolt said in a press release. The Eclipse Red is poised to transform the… Continue reading Revolt Motors introduces new RV400 in Eclipse Red color