Author: Autocar_Professional India Online News

Lamborghini announces key appointments

L-R: Rouven Mohr, CTO, Automobili Lamborghini and Maurizio Reggiani, VP – Motorsport, Automobili Lamborghini. Italian supercar manufacturer Automobili Lamborghini has announced organisational change in the Research and Development (R&D) Department by appointing Rouven Mohr as Chief Technical Officer (CTO), who will leave his current role as Head of Verification / Validation Whole Vehicle at Audi… Continue reading Lamborghini announces key appointments

Lamborghini sells 8,405 cars in 2021, reports record global and India sales

Italian supercar maker Automobili Lamborghini reported record global sales for 2021 with 8,405 cars, up 13% on 2020, which it says was due to a targeted and monitored growth strategy. The company reported double-digit growth in three regions – America (14%), Asia Pacific (14%) and EMEA (12%). In terms of individual markets, USA retained the top spot… Continue reading Lamborghini sells 8,405 cars in 2021, reports record global and India sales

Calling it Quits

When Tata Group Chairman, N Chandrasekaran met Tamil Nadu Chief Minister, MK Stalin some weeks ago, reports began doing the rounds that there was finally a knight in shining armour for Ford’s facilities in Chennai and Gujarat. The optimism could be short-lived since there is no indication that this will happen in a hurry. Tata… Continue reading Calling it Quits

SsangYong sale brings down the curtain on Mahindra saga

It’s finally all over for Mahindra & Mahindra and SsangYong Motor. With the Korean SUV maker now in the hands of a consortium led by Edison Motors, its 10-year innings with its Indian owner has officially come to an end. M&M had already made it known a couple of years ago that it would cap… Continue reading SsangYong sale brings down the curtain on Mahindra saga

Battle for a brand

To Harish Bijoor, this four-letter word brand is a “humongous asset” for the electric space.  The reference is to ‘Hero’ where Pawan and Naveen Munjal have sought legal intervention for use of the name. The former who heads the market leader, Hero MotoCorp, wants the brand (Hero) for the foray into electric. This is not… Continue reading Battle for a brand

Rimac Automobili to become a standalone business as Rimac Technology

The Rimac Group is now fully operational, from January 1, 2022, as an umbrella company that incorporates Bugatti Rimac (active from November 2021) and the new standalone Rimac Technology business. The Rimac Group is the majority shareholder in Bugatti Rimac with a 55% stake and Porsche owning the remaining 45%. Rimac Technology – the sister… Continue reading Rimac Automobili to become a standalone business as Rimac Technology

VW’s global sales down 8 percent

VW’s electric vehicle sales did well in 2021 The company’s fossil fuel-powered vehicles saw a drop in sales even as EVs and plug-in hybrids grew by 97 percent and 33 percent, respectively. Volkswagen sales dropped around eight percent in 2021 as it battled the ongoing global semiconductor shortage. However, it recorded a substantial uptick in… Continue reading VW’s global sales down 8 percent

Nippon Paint to offer car refurbishment to Spinny, Ola

Nippon Paint India is keen to tap India’s vehicle refurbishment market and recently entered into tie-ups with Spinny and Ola cars, two new used car start-ups. The company is betting on the increased trend of buying pre-owned cars. A study by OLX Auto-Crisil suggests used cars sales may register a 15 percent YoY growth in… Continue reading Nippon Paint to offer car refurbishment to Spinny, Ola

EVage gets $28 million funding from RedBlue Capital

Chandigarh-based electric vehicle start-up EVage has got $28 million (Rs 207 crore) investment from US-based venture capital firm RedBlue Capital. EVage which is developing a modular electric vehicle platform is already supplying e-trucks to major delivery fleets such as Amazon India’s Delivery Service Partner. The funding will be used to complete EVage’s production-ready factory outside… Continue reading EVage gets $28 million funding from RedBlue Capital