Autocar_Professional India Online News – Page 1353

GM India accumulated losses inch towards Rs 10,000 crore

Even as it tries to exit the Indian operation almost five years after the decision to stop selling cars in the country, General Motors India’s accumulated losses inched closer to Rs 10,000 crore at the end of FY23. The company posted a loss of Rs 222.43 crore for FY23, 47 percent higher than the Rs… Continue reading GM India accumulated losses inch towards Rs 10,000 crore

Post exit, Ford India makes Rs 505 crore profits in FY23 by selling engines and exports

Having exited the domestic Indian car market in FY22, the US auto major Ford India broke into profits of Rs 505 crore in FY23, led by exports of vehicles and engines before it finally shuttered the vehicle making operations in the country. During the financial year 2022-23, the revenues of the company from the operations… Continue reading Post exit, Ford India makes Rs 505 crore profits in FY23 by selling engines and exports

Tata Motors unveils cutting-edge facilities to develop hydrogen propulsion technologies

Tata Motors today unveiled two state-of-the-art, new-age R&D facilities for offering sustainable mobility solutions. They constitute an engine test cell for development of an hydrogen internal combustion engine and the necessary infrastructure for storage and dispensing of hydrogen fuel for the Fuel Cell and H2ICE vehicles. According to Girish Wagh, Executive Director, Tata Motors, “We believe hydrogen… Continue reading Tata Motors unveils cutting-edge facilities to develop hydrogen propulsion technologies

Tata Motors unveils cutting-edge facilities to develop hydrogen propulsion technologies

No silver bullet to lower emissions, says Toyota

While many of the world’s automakers have placed their bets on battery-powered electric vehicles (BEVs) as the singular path towards a sustainable future, Toyota believes in multiple routes and technologies as a more effective way of reducing overall emissions and meeting decarbonisation targets. At this week’s Japan Mobility Show, Japan’s Toyota will showcase several concepts… Continue reading No silver bullet to lower emissions, says Toyota

Land Cruiser EV concept to join two more Toyota born-EV concepts at Tokyo

Toyota will showcase its futuristic Land Cruiser Se EV SUV concept at the upcoming Tokyo Motor show, which is also known as the Japan Mobility show. The Land Cruiser Se concept will share the stage with the Toyota FT-Se sportscar and the FT-3E born EV SUV concepts that were announced earlier. Toyota Land Cruiser Se design: previews future Urban SUV… Continue reading Land Cruiser EV concept to join two more Toyota born-EV concepts at Tokyo

Climate tech startup Olive Gaea raises $ 1 million from Cornerstone Ventures

Dubai-based climate tech startup Olive Gaea has secured $ 1 million in funding from Cornerstone Ventures and will use the funds to launch its SaaS platform enabling firms to achieve their net zero and carbon management goals. The capital raised will be used to officially launch and expand this platform ‘Zero by Olive Gaea’, extending the company’s market… Continue reading Climate tech startup Olive Gaea raises $ 1 million from Cornerstone Ventures

Concentric AB wins order worth 7 million SEK from European electric bus OEM

Concentric AB has won a significant order for its next-generation Electro-Hydraulic Steering (EHS) pump from an European electric bus OEM, worth 7 million Swedish Krona (SEK) (Rs 5.3 crore). The order will be supplied from Q4 this year, into Q1 of 2024, the press release noted, and the company is of the opinion that it… Continue reading Concentric AB wins order worth 7 million SEK from European electric bus OEM