Toshiba said on Thursday that a US $14 billion tender offer from PE firm Japan Industrial Partners (JIP) had ended in success – a deal that paves the way for the embattled industrial conglomerate to go private, Reuters reported. The JIP-led consortium saw 78.65% of Toshiba shares tendered, giving the group a majority of more… Continue reading Toshiba says US $14 billion takeover bid by JIP succeeds, set to go private: Report
Author: Autocar_Professional India Online News
Rising logistics demand expected to create 10 million Jobs in India by 2027 – TeamLease
Propelled by recent industry reforms including the government’s Production-Linked Incentive (PLI) scheme, robust production figures encompassing both domestic and export activities, as well as changing consumption patterns influenced by rising disposable incomes, decreasing inflation rates, innovative business models such as 3PL (Third-Party Logistics) and surging rural demand; India’s logistics industry is poised for rapid growth… Continue reading Rising logistics demand expected to create 10 million Jobs in India by 2027 – TeamLease
MG Motor is mulling establishing a second plant in India: PTI
MG Motor is mulling establishing a second plant in India, a company official told PTI. “We are exploring the option of putting up a second plant in India. It generally takes two to three years for a new plant to come into stream,” Gaurav Gupta, Deputy Managing Director of MG Motor India informed PTI. The Chinese… Continue reading MG Motor is mulling establishing a second plant in India: PTI
Electric Vehicle Cybersecurity: Assessing the Vulnerability of EVs to Cyberattacks
As a rapidly growing economy, India is on the verge of becoming a manufacturing hub for the electric vehicle (EV) industry. The Economic Survey 2023 predicts India’s domestic electric vehicle market will see a 49 percent compound annual growth rate (CAGR) between 2022 and 2030, with 10 million annual sales by 2030. However, as EV technology continues… Continue reading Electric Vehicle Cybersecurity: Assessing the Vulnerability of EVs to Cyberattacks
Electric Vehicle Cybersecurity: Assessing the Vulnerability of EVs to Cyberattacks
As a rapidly growing economy, India is on the verge of becoming a manufacturing hub for the electric vehicle (EV) industry. The Economic Survey 2023 predicts India’s domestic electric vehicle market will see a 49 percent compound annual growth rate (CAGR) between 2022 and 2030, with 10 million annual sales by 2030. However, as EV technology continues… Continue reading Electric Vehicle Cybersecurity: Assessing the Vulnerability of EVs to Cyberattacks
BYD rolls out 500,000th ATTO 3 model from China
BYD has rolled out its 500,000th ATTO 3 model today from China. As the first model for the global market, the BYD ATTO 3 has quickly become the best-selling New electric vehicle (NEV) in multiple countries, including India, Singapore, New Zealand, Brazil, Thailand, Israel, and Sweden, it said in a press release. The BYD ATTO 3 has… Continue reading BYD rolls out 500,000th ATTO 3 model from China
BYD rolls out 500,000th ATTO 3 model from China
BYD has rolled out its 500,000th ATTO 3 model today from China. As the first model for the global market, the BYD ATTO 3 has quickly become the best-selling New electric vehicle (NEV) in multiple countries, including India, Singapore, New Zealand, Brazil, Thailand, Israel, and Sweden, it said in a press release. The BYD ATTO 3 has… Continue reading BYD rolls out 500,000th ATTO 3 model from China
Lohum signs partnership to supply 25,000 MT of EV battery materials to Nepal
Lohum, India’s largest producer of sustainable energy transition and battery materials, has signed a partnership to supply 25,000 MT of EV battery materials to Nepal. Lohum is partnering with key pillars of Nepal’s EV ecosystem partners that are selling MG, Stellantis, and Tata EVs. This collaboration aims to make Nepal energy-abundant and self-sustaining by regenerating parallel… Continue reading Lohum signs partnership to supply 25,000 MT of EV battery materials to Nepal
Escorts Kubota to establish wholly owned company as NBFC with Rs 700 crore authorised capital
Escorts Kubota said on Wednesday that the company has approved the proposal to set up a wholly owned company as an NBFC with an authorised capital of Rs 700 crore, to finance the Company’s Products/ Customers, as per a regulatory filing. The Board has approved the infusion of capital up to Rs 200 crore as and when… Continue reading Escorts Kubota to establish wholly owned company as NBFC with Rs 700 crore authorised capital
Pre-festive road trips give momentum to self-driven car businesses: Simpl Checkout Records a 2x Surge in Consumer Bookings
As the pre-festive season beckons with a series of extended weekends, there’s a notable uptick in travellers opting for road trips, particularly with platforms like Zoomcar, DriveU, and QuickRide. Insights from Simpl’s checkout network reveal a remarkable 2x surge in bookings made through its checkout system in August compared to the same period in 2022.… Continue reading Pre-festive road trips give momentum to self-driven car businesses: Simpl Checkout Records a 2x Surge in Consumer Bookings