EPACK PREFAB has concluded the construction of 3.2 million square feet of industrial facilities for leading automobile companies in India. In the midst of government’s robust push for the electric vehicle market, rising disposable incomes and increased middle-class population, automobile enterprises are rapidly augmenting their production capabilities, relying on pre-engineered buildings over traditional construction using… Continue reading EPACK PREFAB builds 3.8 million sq ft auto facilities worth Rs 203 crores
Author: Autocar_Professional India Online News
Hindustan Zinc partners with Inland EV Green Services Pvt Ltd for the deployment of EV Trucks
Hindustan Zinc, a Vedanta Group company, has signed a contract with Inland EV Green Services, for the deployment of 10 electric vehicle trucks, each with a capacity of 55 metric tonnes. The partnership signifies an important shift in the logistics landscape, aligningwith global efforts to reduce carbon emissions and promote cleaner modes of transportation. Commenting… Continue reading Hindustan Zinc partners with Inland EV Green Services Pvt Ltd for the deployment of EV Trucks
Former Renault, JLR CEO Bollore joins UK EV supplier Bedeo as strategic advisor: Report
Bedeo, an electric vehicle supplier and manufacturer stated that former Renault and Jaguar Land Rover CEO Thierry Bollore has joined the British electric vehicle supplier’s advisory board as a strategic advisor. In September, Bedeo launched a service to convert thousands of diesel vans to electric hybrids, Reuters reported. The business is launching in France, to… Continue reading Former Renault, JLR CEO Bollore joins UK EV supplier Bedeo as strategic advisor: Report
India’s heavy duty truck sales projected to reach 2,75,000-2,80,000 units by FY24-end amidst mining and infra expansion
Gagandeep Singh Gandhok, the Senior Vice President of HD Truck Business at Volvo Eicher Commercial Vehicles (VECV), believes that the industry sales volume for heavy duty trucks is likely to touch 2,75,000–2,80,000 units by the end of FY24. In comparison, 2,4,7858 units of heavy-duty trucks (more than 18.5 tonnes) were sold in FY23.He was expressing… Continue reading India’s heavy duty truck sales projected to reach 2,75,000-2,80,000 units by FY24-end amidst mining and infra expansion
CASE Construction Equipment to Introduce 6 new products at EXCON 2023
CASE Construction Equipment, a brand of CNH Industrial, will be entering two new categories in the domestic construction equipment market with the launch of six new products at the Excon-2023, a trade fair, which is scheduled to be held in Bengaluru between December 12 and 16. Shalabh Chaturvedi, Managing Director, CASE Construction Equipment—India and SAARC… Continue reading CASE Construction Equipment to Introduce 6 new products at EXCON 2023
GM’s Cruise robo-taxi CEO resigns from company: Reports
Cruise CEO and co-founder Kyle Vogt has resigned from his role at the autonomous vehicle venture owned by General Motors, as per several news publications. Mo Elshenawy, who previously served as executive vice president of engineering at Cruise, will now serve as president and CTO for Cruise, the company said. Vogt confirmed his resignation Sunday… Continue reading GM’s Cruise robo-taxi CEO resigns from company: Reports
Only EV sales on track among 42 climate action progress indicators: WRI, State of Climate Action Report
As per the World Resources Institute, State of Climate Action Report 2023, only the share of EVs in passenger car sales is on track to meet its 2030 target, among the 42 indicators of sectoral climate action assessed. Besides, EVs, which are seeing exponential growth, other areas look bleak. For example, coal needs to be phased… Continue reading Only EV sales on track among 42 climate action progress indicators: WRI, State of Climate Action Report
Revfin, Shoffr form partnership for urban mobility services
Revfin, a financial inclusion platform, and Shoffr, a Bengaluru-based premium EV taxi service, have partnered to offer urban mobility services. In partnership with Revfin, which initially provided Shoffr with four BYD e6 electric vehicles, Shoffr’s fleet now comprises 40 plus electric vehicles, all BYD e6. Shoffr’s fleet has not only grown in size but also… Continue reading Revfin, Shoffr form partnership for urban mobility services
TVS Capital Funds appoints Ramesh Iyer as Board Member
TVS Capital Funds, a capital growth PE fund manager, has appointed Ramesh Iyer as a Board Member. His appointment as a board member marks the latest step in TVS Capital Funds’ strategic leadership enhancement, with TVS Capital Funds inducting three new Managing Partners over the past year. These appointments include Anuradha Ramachandran in October 2022,… Continue reading TVS Capital Funds appoints Ramesh Iyer as Board Member
UK announces £2 billion investment in auto industry and EV ecosystem
On November 17, the UK government announced £4.5 billion in funding for British manufacturing to increase investment in eight sectors including the key automotive sector, across the UK. The funding will be available from 2025 for five years, providing industry with longer term certainty about their investments. Over £2 billion has been earmarked for the… Continue reading UK announces £2 billion investment in auto industry and EV ecosystem