Autocar_Professional India Online News – Page 1276

Tata AutoComp Systems developing high-voltage EV components for global markets

Indian Tier-1 major Tata AutoComp Systems (TACO), which is part of the Tata Group, has begun developing high-voltage EV components that are going to be suitable for electric passenger vehicles that will be introduced in overseas markets such as Europe and America, which are the demand centres for high-performance EVs. According to Ravi Chidambar, CEO,… Continue reading Tata AutoComp Systems developing high-voltage EV components for global markets

Tata AutoComp Systems developing high-voltage EV components for global markets

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