Hero MotoCorp has announced plans to subscribe to a rights issue of Bengaluru-based electric scooter manufacturer Ather Energy. Hero MotoCorp, an existing shareholder of Ather Energy, currently has a 33.1% equity stake in the EV maker and will invest up to Rs 550 crore. With this fresh investment in the EV OEM’s Series E2 Compulsory… Continue reading Hero MotoCorp to invest Rs 550 crore more in Ather Energy
Author: Autocar_Professional India Online News
Kia to unveil hydrogen light tactical concept vehicle at European defence expo
Kia is participating in the MSPO 2023 defence industry exhibition, which opens at the Kielce Exhibition Center in Poland today and continues till September 8. Now in its 30th year, the MSPO defense expo is the largest international defence industry exhibition in Europe. This year, Kia will unveil the ‘Hydrogen ATV (Hydrogen-powered Light Tactical Vehicle) Concept… Continue reading Kia to unveil hydrogen light tactical concept vehicle at European defence expo
Continental connects with Google Cloud to deliver generative AI in cars
Continental announced a partnership with Google Cloud during its press conference today at the IAA Mobility 2023 in Munich. Together, the two companies are equipping cars with generative Artificial Intelligence (AI), making Continental one of the first automotive suppliers to integrate Google Cloud capabilities directly into vehicle computers. With this, drivers can interact with their… Continue reading Continental connects with Google Cloud to deliver generative AI in cars
LG Magna e-Powertrain expands footprint with new plant in Hungary to cater to European EV market
LG Magna e-Powertrain, the joint venture between LG Electronics and Magna formed in 2021, announced at IAA Mobility 2023 today that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in Miskolc’s industrial area which features well-developed infrastructure and is strategically located near OEM customers and other Magna… Continue reading LG Magna e-Powertrain expands footprint with new plant in Hungary to cater to European EV market
LG Magna e-Powertrain expands footprint with new plant in Hungary to cater to European EV market
LG Magna e-Powertrain, the joint venture between LG Electronics and Magna formed in 2021, announced at IAA Mobility 2023 today that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in Miskolc’s industrial area which features well-developed infrastructure and is strategically located near OEM customers and other Magna… Continue reading LG Magna e-Powertrain expands footprint with new plant in Hungary to cater to European EV market
Hyundai Venue now features ADAS technology, priced from Rs 10.33 lakh
Hyundai has heavily updated the Venue and Venue N Line SUVs by introducing a new gearbox for the 1.0-litre turbo-petrol engine as well as ADAS. This makes it the first sub-compact SUV to feature driver assistance systems. Here’s a break-up of the prices of the Venue and Venue N Line: Hyundai Venue: now with ADASHyundai has introduced its… Continue reading Hyundai Venue now features ADAS technology, priced from Rs 10.33 lakh
Implementation of multiple proposed regulatory specifications can push up vehicle prices by 10- 12%: ICRA
Implementation of multiple proposed regulatory changes can increase CV prices by 10–12% over the medium term as they get implemented. However, the benefits in terms of vehicle safety, driver comfort, and export potential to developed markets, among others, are expected to outweigh the same, as noted in an update by rating agency ICRA. The development… Continue reading Implementation of multiple proposed regulatory specifications can push up vehicle prices by 10- 12%: ICRA
Skoda Auto India launches Kushaq Onyx Plus, Slavia Ambition Plus editions
Skoda has launched new special editions of the Kushaq and the Slavia in the lead up to the festive season. The Kushaq gets a new Onyx Plus variant, while the Slavia gets a new Ambition Plus variant. Both special edition models come with a chrome package and added accessories, and will be available only for a limited period, just as… Continue reading Skoda Auto India launches Kushaq Onyx Plus, Slavia Ambition Plus editions
Gulf Oil India targets 20% annual expansion in battery business, aims for Rs 200 crore revenue within 4-5 years
Gulf Oil India, a leading player in the lubricant industry and a subsidiary of the Hinduja Group, has set its sights on robust growth in its battery business. The company has outlined an ambitious plan to achieve a 20% annual expansion, propelling its revenue to Rs 200 crore over the next 4-5 years, a significant increase from… Continue reading Gulf Oil India targets 20% annual expansion in battery business, aims for Rs 200 crore revenue within 4-5 years
Quantron AG and Ballard Power Systems introduce fuel cell powered trucks ready for delivery
Ballard Power Systems, a leading provider of PEM fuel cell systems, and Quantron AG, a German operator dealing in passenger and freight transportation, have announced the availability of their fuel cell-powered trucks. A European customer already took delivery of the first five units, with one unit having accomplished 15,000 km in daily operations in a trial with… Continue reading Quantron AG and Ballard Power Systems introduce fuel cell powered trucks ready for delivery