Author: Autocar_Professional India Online News

Gujarat pulls it off yet again

Call it entrepreneurship or clever politics but the fact remains that Gujarat has every reason to feel pleased with its latest achievement in the automotive sphere. The sale of the Ford facility at Sanand to Tata Motors (yes, sceptics will argue that it is still at the MoU stage but the deal is done for… Continue reading Gujarat pulls it off yet again

Volkswagen Group settles UK Dieselgate case with 193 million euro payout

The Volkswagen Group will pay out 193 million euros to more than 90,000 UK motorists after reaching an out-of-court settlement for a seven-year litigation process relating to Dieselgate. It’s the latest payout in the wake of the scandal, which in the seven years since it broke has cost the Volkswagen Group some 26 billion euros in settlements, compensation, fines… Continue reading Volkswagen Group settles UK Dieselgate case with 193 million euro payout

M&M commits Rs 15,300 crore capex for FY 22-24 capex 

The electric version of this SUV is one of eight SUVs planned by Mahindra & Mahindra Mahindra & Mahindra (M&M) has confirmed earmarking a total investment of 15,300 crores of which Rs 1,900 crores will be the capex for the auto and EV business play for  FY 2022-24. Addressing a media meet after the declaration… Continue reading M&M commits Rs 15,300 crore capex for FY 22-24 capex 

eBikeGo joins hands with Log9 Materials for upcoming e-bike Velocipedo

eBikeGo, an electric two-wheeler mobility platform, has signed a Memorandum of Understanding (MOU) with Log9 Materials, a Bengaluru-based advanced battery technology start-up, to the launch their 10-minute Superfast Charging Technology (InstaCharge technology) for their upcoming electric trike, Velocipedo. This partnership will see Log9’s InstaCharge technology enable Velocipedo to be well-equipped and hence widely adopted for… Continue reading eBikeGo joins hands with Log9 Materials for upcoming e-bike Velocipedo

M&M revs up electric drive

Mahindra & Mahindra (M&M) is working on the conversion of its partnering agreement with Volkswagen signed last month, for the use of its modular electric drive matrix or MEB parts into a supply agreement, said Rajesh Rejurikar, Executive  Director, Auto and FES, Mahindra & Mahindra. He was speaking at the post-results interaction with the media… Continue reading M&M revs up electric drive

Stellantis and Toyota expand partnership in Europe

Stellantis and Toyota Motor Europe (TME) announced the expansion of their existing partnership with an agreement for a new large commercial van, including a battery electric version for European markets.  The new vehicle will be the third body type under the agreement, completing a full LCV line-up with compact, mid-size and now also a large… Continue reading Stellantis and Toyota expand partnership in Europe

Simple ONE test drive to start from July 20

Simple Energy has scheduled test rides for its electric scooter Simple ONE. Nearly a year after its launch, the test rides will be conducted in 13 cities across India. The first phase of rides will begin on July 20 in Bengaluru, followed by Chennai, Hyderabad, Mumbai, Pune, Panaji and other cities. The company said that customers can reserve… Continue reading Simple ONE test drive to start from July 20

Tata Motors inks MoU for potential acquisition of Ford’s Sanand plant

File shot of Ford’s plant in Sanand Tata Passenger Electric Mobility, a subsidiary of Tata Motors and Ford India, have signed a Memorandum of Understanding (MoU) with the Gujarat state government for the potential acquisition of Ford’s Sanand vehicle manufacturing facility including Land and Buildings inside the vehicle manufacturing plant, machinery and equipment and transfer of all eligible employees of FIPL… Continue reading Tata Motors inks MoU for potential acquisition of Ford’s Sanand plant

M&M Q4 profits get a boost from strong PV bookings

Mahindra & Mahindra clocked nearly 28 percent increase in Q4FY22 revenue at Rs 17,124 crore compared to Rs 13,356 crore in Q4FY21. The company’s standalone profit after exceptional income came in 48 percent higher at Rs 2,237 crore in Q4FY22 compared to Rs 1,513 crore in Q4FY21. Outlining the company’s performance, Anish Shah, Managing Director… Continue reading M&M Q4 profits get a boost from strong PV bookings