Autocar_Professional India Online News – Page 1353

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

Tata AutoComp Prestolite Electric rides demand for EVs, sells over 100,000 e-drives

The Indian automotive component industry, in tandem with vehicle manufacturers, is benefitting from the growing demand for electric vehicles (EVs) in India and also overseas. Tata Prestolite Electric has announced that it has registered cumualtive sales of 100,000 electric drives and counting. In January 2020, Tata AutoComp, which provides products and services to the Indian… Continue reading Tata AutoComp Prestolite Electric rides demand for EVs, sells over 100,000 e-drives

Tata AutoComp Prestolite Electric rides demand for EVs, sells over 100,000 e-drives

Hyundai Motor Group’s share of UK car market share grows to 11%

Hyundai Motor Group is accelerating sales growth in the UK, the second largest country in terms of new car demand in Europe. In the first 10 months of CY2023, the Korean carmaker has achieved its best performance of the year in the UK yet, with eco-friendly cars at the forefront of its sales. According to… Continue reading Hyundai Motor Group’s share of UK car market share grows to 11%

Isuzu Motors India inaugurates new 3S dealership in Trichy, Tamil Nadu

Isuzu Motors India, a subsidiary of Isuzu Motors Limited, Japan, inaugurated the new 3S (Sales, Service & Spares) dealership of Kaveri ISUZU in Trichy, the key industrial and agricultural hub in Tamil Nadu. The new dealership facilities are conveniently located on Thiruvanaikoil, Chennai Bye Pass Road, near Kollidam bridge in Trichy. The officials also handed… Continue reading Isuzu Motors India inaugurates new 3S dealership in Trichy, Tamil Nadu