Four years into the launch of its ICE-derived Nexon EV, Tata Motors has switched to its Gen-2 EV architecture, christened ‘Acti.ev’, with the all-new Punch EV, launched on January 17. The company says despite the Punch EV bearing a similar ‘top hat’ as its internal-combustion engine (ICE) counterpart, a lot has changed underneath, in terms… Continue reading Tata Motors switches to pure EV architecture with Punch EV
Author: Autocar_Professional India Online News
Daimler Truck and Linde’s sLH2 tech sets new standards for liquid hydrogen refuelling
Daimler Truck and Linde Engineering have reached an important milestone in hydrogen infrastructure on the way to decarbonizing transportation. In recent years, engineers from both companies have worked together to develop sLH2 technology, a new process for handling liquid hydrogen. Compared to gaseous hydrogen, this innovative approach allows for higher storage density, longer range, faster… Continue reading Daimler Truck and Linde’s sLH2 tech sets new standards for liquid hydrogen refuelling
Rane Group announces merger of Rane Brake Lining Ltd. and Rane Engine Valve Ltd. into Rane (Madras)
The Board of Directors of Rane (Madras) Limited (“RML”), Rane Brake Lining Limited (“RBL”) and Rane Engine Valve Limited (“REVL”), at their respective meetings held today, have approved the proposed reorganisation through a scheme of arrangement (“Scheme”) which entails merger of RBL and REVL into RML (“Transaction”). The merger significantly simplifies the group structure by… Continue reading Rane Group announces merger of Rane Brake Lining Ltd. and Rane Engine Valve Ltd. into Rane (Madras)
MRF reports 3-fold increase in third-quarter profit
Indian tyre maker MRF has reported a 3-fold increase in third-quarter profit. It reported a profit of Rs 503.94 crore compared to Rs 161.17 crore in the year ago period. Revenue from operations stood at Rs 6,162.46 crore in Q3 FY24 versus Rs 5,644.55 crore in the year-ago period. The company’s total expenses are Rs 5557.67… Continue reading MRF reports 3-fold increase in third-quarter profit
Hyundai chooses JP Morgan, Citi to bolster USD 3 billion IPO: Report
Hyundai Motor has picked JP Morgan and Citi for its nearly USD 3 billion India IPO, bolstering plans to take its India unit public in the world’s third-biggest auto market, Reuters reported citing persons in the know. The firm plans to file regulatory papers in India by May- June, two of the three sources informed… Continue reading Hyundai chooses JP Morgan, Citi to bolster USD 3 billion IPO: Report
Govt hikes FAME 2 outlay by Rs 1,500 crore; Says scheme sops till March 31
The Ministry of Heavy Industries has enhanced the financial outlay for the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by Rs 1,500 crore to Rs 11,500 crore. The FAME 2 scheme was rolled out in 2019 with an outlay of Rs 10,000 crore for three years ending… Continue reading Govt hikes FAME 2 outlay by Rs 1,500 crore; Says scheme sops till March 31
Govt hikes FAME 2 outlay by Rs 1,500 cr; Says scheme sops till March 31
The Ministry of Heavy Industries has enhanced the financial outlay for the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by Rs 1,500 crore to Rs 11,500 crore. The FAME 2 scheme was rolled out in 2019 with an outlay of Rs 10,000 crore for three years ending… Continue reading Govt hikes FAME 2 outlay by Rs 1,500 cr; Says scheme sops till March 31
Hero MotorCorp’s Q3 profit up 51% YoY on higher volumes, realisation
Hero MotoCorp Ltd today reported strong growth in its net profit for the December quarter on a year-on-year basis, aided by robust improvement in margins. Higher volume and the premiumisation trend on top of moderation in input cost inflation boosted the company’s profit margins. India’s largest two-wheeler maker posted standalone net profit growth of 51%… Continue reading Hero MotorCorp’s Q3 profit up 51% YoY on higher volumes, realisation
Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh
In a bid to expand its parts, accessories and merchandise business, Hero MotoCorp will invest up to Rs 600 crore over two years to set up a Global Parts Centre in Tirupati, Andhra Pradesh. The company’s focus on the Parts Accessories and Merchandise (PAM) business has led to the business crossing annualised revenue of Rs 5,000… Continue reading Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh
Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh
In a bid to expand its parts, accessories and merchandise business, Hero MotoCorp will invest up to Rs 600 crore over two years to set up a Global Parts Centre in Tirupati, Andhra Pradesh. The company’s focus on the Parts Accessories and Merchandise (PAM) business has led to the business crossing annualised revenue of Rs 5,000… Continue reading Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh