FORVIA wins three CLEPA awards for innovative technologies

FORVIA, the world’s seventh-largest supplier of automotive technology, has won three awards at the CLEPA Innovation Awards 2023. CLEPA is the European Association of Automotive Suppliers.  At the eighth edition of the international competition with a focus on digital and environmentally friendly innovations, three technologies from different FORVIA business areas of CLEPA were awarded. Automatic… Continue reading FORVIA wins three CLEPA awards for innovative technologies

MAHLE’s superior continuous torque e-motor wins CLEPA innovator award

The cooling concept of MAHLE SCT (Superior Continuous Torque) electric motors was awarded the Top Innovator Award 2023 from the European Association of Automotive Suppliers (CLEPA). The Stuttgart-based technology group won in the ‘Green’ category. The new oil cooling ensures that the traction motor can operate at high output for an unlimited period of time.… Continue reading MAHLE’s superior continuous torque e-motor wins CLEPA innovator award

MAHLE’s superior continuous torque e-motor wins CLEPA innovator award

The cooling concept of MAHLE SCT (Superior Continuous Torque) electric motors was awarded the Top Innovator Award 2023 from the European Association of Automotive Suppliers (CLEPA). The Stuttgart-based technology group won in the ‘Green’ category. The new oil cooling ensures that the traction motor can operate at high output for an unlimited period of time.… Continue reading MAHLE’s superior continuous torque e-motor wins CLEPA innovator award

Mercedes Benz India doubles profits to $100 million, turnover crosses $1.2 billion

Mercedes Benz India, the country’s largest luxury car maker, has almost doubled its net profit for FY23, crossing the $100 million mark or Rs 841 crore for the first time ever. A sales growth of over 37 percent in FY23 also helped the turnover jump 65 percent with the revenues exceeding $1.2 billion or Rs… Continue reading Mercedes Benz India doubles profits to $100 million, turnover crosses $1.2 billion

Karnataka expects Rs 15,000 crore new investment in EV segment, says Industry Minister: PTI

Karnataka has successfully attracted investments of Rs 25,000 crore, spanning the entire value chain, Large and Medium Industries Minister M B Patil said on Wednesday. He further said an additional investment of Rs 15,000 crore is expected to flow towards research and development in the sector, PTI reported.  The Minister earlier inaugurated the Electric Vehicle… Continue reading Karnataka expects Rs 15,000 crore new investment in EV segment, says Industry Minister: PTI

‘Designers have always foreseen the societal trends’: Pratap Bose

Pratap Bose, Chief Design and Creative Officer, Auto and Farm Sector, Mahindra and Mahindra Limited (M&M), has a lot on his plate after he joined the company on June 24, 2021. In his role, Bose is leading the MADE (Mahindra Advanced Design Europe) and MIDS (Mahindra India Design Studio) design centres, in addition to projects… Continue reading ‘Designers have always foreseen the societal trends’: Pratap Bose

‘Designers have always foreseen the societal trends’: Pratap Bose

Pratap Bose, Chief Design and Creative Officer, Auto and Farm Sector, Mahindra and Mahindra Limited (M&M), has a lot on his plate after he joined the company on June 24, 2021. In his role, Bose is leading the MADE (Mahindra Advanced Design Europe) and MIDS (Mahindra India Design Studio) design centres, in addition to projects… Continue reading ‘Designers have always foreseen the societal trends’: Pratap Bose

‘Designers have always foreseen the societal trends’: Pratap Bose

Pratap Bose, Chief Design and Creative Officer, Auto and Farm Sector, Mahindra and Mahindra Limited (M&M), has a lot on his plate after he joined the company on June 24, 2021. In his role, Bose is leading the MADE (Mahindra Advanced Design Europe) and MIDS (Mahindra India Design Studio) design centres, in addition to projects… Continue reading ‘Designers have always foreseen the societal trends’: Pratap Bose

Tata Motors to acquire 27% stake in ‘Freight Tiger’ for Rs 150 crore

Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have today signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger’ for a consideration of Rs 150 crore. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 crore over… Continue reading Tata Motors to acquire 27% stake in ‘Freight Tiger’ for Rs 150 crore

Tata Motors signs definitive agreement to acquire 27% stake in ‘Freight Tiger’ for Rs 150 crore

Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have today signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger’ for a consideration of Rs 150 crore. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 crore over… Continue reading Tata Motors signs definitive agreement to acquire 27% stake in ‘Freight Tiger’ for Rs 150 crore