Author: Autocar_Professional India Online News

Bajaj announces share buyback plan

In a series of back-to-back developments, Bajaj Auto  announced its share buyback plan on Thursday after a 20-year gap that will help shareholders to unlock value on its stock that  is down 8.2 percent in the last one year. This is being followed up by announcements on the company’s  EV plans by Rajiv Bajaj, Managing Director,… Continue reading Bajaj announces share buyback plan

M&M unveils new Yuvo tractors

Mahindra Tractors, part of Mahindra’s Farm Equipment Sector has unveiled six new tractor models under the recently launched Yuvo Tech+ brand. The Yuvo Tech+ has been designed and developed at Mahindra’s Research Valley (MRV) in Chennai and are powered by the company’s new m-ZIP 3-cylinder and ELS 4-cylinder engine. The six new models that were… Continue reading M&M unveils new Yuvo tractors

M&M unveils new Yuvo models

Mahindra Tractors, part of Mahindra’s Farm Equipment Sector has unveiled six new tractor models under the recently launched Yuvo Tech+ brand. The Yuvo Tech+ has been designed and developed at Mahindra’s Research Valley (MRV) in Chennai and are powered by the company’s new m-ZIP 3-cylinder and ELS 4-cylinder engine. The six new models that were… Continue reading M&M unveils new Yuvo models

Yamaha’s MBSI forays into two-wheeler leasing

Yamaha’s mobility solutions subsidiary, Moto Business Service India (MBSI) announced its India operation with 2-Wheeler Asset Management Services in New Delhi. The company’s first investment is with Zypp Electric, a last-mile delivery service, with the launch of 250 Hero Electric two-wheelers in New Delhi. MBSI’s gameplan is to increase the usage of vehicles on shared/rental platforms,… Continue reading Yamaha’s MBSI forays into two-wheeler leasing

ACMA, Hero MotoCorp join hands for EV Technology Expo 

The Automotive Component Manufacturer’s Association of India (ACMA) has joined hands with two-wheeler major, Hero MotoCorp, for EV Technology Expo between June 8 -9 in Jaipur. Over 35 auto component manufacturers participated in the EV Expo and showcased their latest technological innovations in the BMS, thermal management system, charger & charging systems and many other domain.… Continue reading ACMA, Hero MotoCorp join hands for EV Technology Expo 

Centre close to notifying Bharat NCAP

Bharat NCAP, an India-centric new car safety assessment programme under review by the Central government is expected to be notified anytime soon. Abhay Mannikar, advisor, Automotive Research Association of India (ARAI), an autonomous body associated with the union Ministry of Heavy Industries said, “Documents for Bharat NCAP are ready and the time is right for the introduction… Continue reading Centre close to notifying Bharat NCAP

Ford Chennai workers protest as anger mounts 

“We want our jobs,” is the single voice being echoed across the Ford India workforce at the Maraimalainagar facility which shuts down all operations by the end of this month.  Its employees have been protesting here over the past 10 days asking for their jobs to be retained or a better settlement package. Many workers… Continue reading Ford Chennai workers protest as anger mounts 

RBI hikes key rate to tackle inflation but sees rural consumption improving

In what could potentially be another sentiment dampener, the Reserve Bank of India has hiked the repo rate, the key policy rate, yet again by 50 basis points to 4.9 percent to tackle inflation. In consonance with the RBI Monetary Policy Committee’s objective of achieving the medium-term consumer price index (CPI) inflation target of 4… Continue reading RBI hikes key rate to tackle inflation but sees rural consumption improving