Schaeffler yesterday successfully closed the syndication of a multi-billion euro financing package. The facilities will be used to finance the ongoing tender offer for Vitesco, transaction-related costs and potential refinancing needs of Vitesco. The facilities have a tenor of twelve months, with the option of extension. On October 9, 2023, Schaeffler announced a public tender… Continue reading Schaeffler announces successful syndication for tender offer for Vitesco Technologies Group
Author: Autocar_Professional India Online News
CG Power and Industrial Solutions seeks nod for setting up semiconductor assembly, test facility
CG Power Industrial Solutions has filed an application with the Ministry of Electronics and Information Technology (MeitY), seeking approval to set up an Outsourced Semiconductor Assembly and Test (OSAT) facility, and grant of a subsidy. The estimated investment in the project is $791 million over a 5-year period, noted the press release. Subject to the… Continue reading CG Power and Industrial Solutions seeks nod for setting up semiconductor assembly, test facility
Zuno General Insurance introduces industry first Electric Vehicle Add-On Cover
Zuno General Insurance, a digital insurer, today announced the launch of an innovative Electric Vehicle (EV) Add-On Cover, a first-of-its-kind in the insurance industry. This offering is specially designed to provide comprehensive protection for electric vehicles and cater to their unique needs. The future of mobility is electric, and Zuno is committed to providing innovative… Continue reading Zuno General Insurance introduces industry first Electric Vehicle Add-On Cover
Second-gen Maserati GranTurismo India bound next year
Maserati is set to launch the second-gen Maserati GranTurismo and its all-electric Folgore variant in India next year. The Italian marque will bring the GranTurismo between April-June 2024, and the GranTurismo Folgore in the October-December period. New Maserati GranTurismo powertain Revealed in October last year, the all-new Maserati GranTurismo looks a lot like its predecessor – from… Continue reading Second-gen Maserati GranTurismo India bound next year
Servotech Power Systems bags order for 2649 EV chargers from BPCL
Servotech Power Systems, an EV charger manufacturer, has bagged an order to manufacture, supply and install 2649 AC chargers to BPCL. Servotech Power Systems will oversee the installation, commissioning, and upkeep of AC EV chargers and this initiative aims to establish e-mobility touchpoints that streamline transactions, enhance availability, facilitate discovery, and simplify navigation for EV… Continue reading Servotech Power Systems bags order for 2649 EV chargers from BPCL
Stellantis unveils India’s first automotive Dolby Atmos 9.1.6 immersive audio lab
Stellantis, one of the world’s leading automakers, has opened a state-of-the-art Dolby Atmos 9.1.6 qualified immersive audio laboratory in Bengaluru, marking a significant leap forward in delivering unparalleled automotive audio and acoustic experiences for customers of the automaker’s 14 iconic brands around the world. The one-of-a-kind lab, unique in India for any OEMs, focuses on… Continue reading Stellantis unveils India’s first automotive Dolby Atmos 9.1.6 immersive audio lab
Stellantis unveils India’s first automotive Dolby Atmos 9.1.6 immersive audio lab
Stellantis, one of the world’s leading automakers, has opened a state-of-the-art Dolby Atmos 9.1.6 qualified immersive audio laboratory in Bengaluru, marking a significant leap forward in delivering unparalleled automotive audio and acoustic experiences for customers of the automaker’s 14 iconic brands around the world. The one-of-a-kind lab, unique in India for any OEMs, focuses on… Continue reading Stellantis unveils India’s first automotive Dolby Atmos 9.1.6 immersive audio lab
Ride-hailing service BluSmart completes 10 million all-electric rides
Ride-hailing service BluSmart, today announced that it has achieved 10 million emission-free rides in just under five years of its operations in India. BluSmart becomes the first in India to successfully complete this milestone with electric vehicles (EVs) reshaping not only the way people commute but also contribute to the environment. Since its inception in 2019, BluSmart… Continue reading Ride-hailing service BluSmart completes 10 million all-electric rides
Volvo FH Electric scoops ‘Truck of the Year 2024’ award
Volvo’s heavy electric truck, the Volvo FH Electric, has been selected as International Truck of the Year 2024. In explaining their decision, the jury praised the electric truck’s performance, seamless acceleration, quietness, and vibration-free behaviour. “With the introduction of the FH Electric, Volvo Trucks has delivered a state-of-the-art battery electric vehicle range, suitable for a… Continue reading Volvo FH Electric scoops ‘Truck of the Year 2024’ award
Volvo FH Electric scoops ‘Truck of the Year 2024’ award
Volvo’s heavy electric truck, the Volvo FH Electric, has been selected as International Truck of the Year 2024. In explaining their decision, the jury praised the electric truck’s performance, seamless acceleration, quietness, and vibration-free behaviour. “With the introduction of the FH Electric, Volvo Trucks has delivered a state-of-the-art battery electric vehicle range, suitable for a… Continue reading Volvo FH Electric scoops ‘Truck of the Year 2024’ award