Mercedes-Benz extends contract with Capgemini for software development till 2024

French multinational information technology company Capgemini has been awarded a contract extension by Mercedes-Benz until 2024 for the development and maintenance of the core Electric/Electronic Product Data Management (EE-PDM) application in an R&D environment. The EE-PDM application is used for the development and documentation of electronic vehicle components and was implemented by an international team… Continue reading Mercedes-Benz extends contract with Capgemini for software development till 2024

Dana to supply e-drivetrain components to Switch Mobility, also takes 1% stake

Dana, the global leader in drivetrain and e-propulsion systems, and Switch Mobility, the electrified commercial vehicles company and subsidiary of Ashok Leyland, have announced a strategic agreement. Dana is to make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company’s e-bus and EV commercial… Continue reading Dana to supply e-drivetrain components to Switch Mobility, also takes 1% stake

Maruti Suzuki India’s Q1 margin hit due to rising commodity prices

India’s largest carmaker, Maruti Suzuki India’s Q1 margins hit multi-quarter lows and the Q1FY2022 profit slipped significantly from Q4FY2021 due to rising raw material prices.  MSIL’s Q1FY2022 net revenue came in at Rs 16,798.7 crore compared to Rs 3,677.5 crore revenue recorded in Q1FY2021. The jump seems significant on account of a lower base in… Continue reading Maruti Suzuki India’s Q1 margin hit due to rising commodity prices

Anand Group and Mando set up JV to tap electric 2-, 3W parts market

The multi-company Anand Group and Mando Corporation are to set up a new joint venture called Anand Mando eMobility, aimed at tapping the growing market for two- and three-wheeler powertrain electrification. The Anand Group will hold a majority stake of 60% in the JV, with Mando Corporation the balance 40%. This will be the second… Continue reading Anand Group and Mando set up JV to tap electric 2-, 3W parts market

Hyundai opens spanking new HQ in Gurgaon, likely to set up in-house design studio

Hyundai Motor India (HMI), which is celebrating its silver jubilee in India, inaugurated its new corporate headquarters in Gurgaon today. The new 10-storied headquarter in Gurgaon, which is Delhi-NCR’s IT belt, is a greenfield project spread across 28,000 square metres. Work on this project had first commenced in February 2018. Hyundai moved to this bigger… Continue reading Hyundai opens spanking new HQ in Gurgaon, likely to set up in-house design studio

SsangYong reveals design of next-gen SUV

SsangYong Motor Company (SMC), owned by India’s Mahindra Group, has released the design of its next-generation SUV. Under the code name of X200, the new car carries the brand’s newly created design vision and philosophy, presenting the value and future direction of its new products. A spokesperson for SMC said: “The design of the new… Continue reading SsangYong reveals design of next-gen SUV

Hyundai to enhance safety of reused EV batteries  

Young-jo Ji, president of Hyundai Motor Group’s innovation division, and Sajib Jesudas, president of UL Commercial, signed the agreement for SLBESS product certification and demonstration. Hyundai Motor Group is working with UL, a global safety certification company, to strengthen the safety of the Second Life Battery Energy Storage System (SLBESS) for electric vehicles. On July… Continue reading Hyundai to enhance safety of reused EV batteries  

UVeye gets $60 million investment in Series C funding to support global expansion

Israel-based UVeye, a supplier of high-speed vehicle inspection systems for the auto industry has received $60 million (Rs 445 crore) in additional funding to support its global expansion plans. The company says CarMax, W.R. Berkley Corporation and F.I.T. Ventures are among the participants in UVeye’s Series C funding round. UVeye counts Volvo Cars, Hyundai Motors… Continue reading UVeye gets $60 million investment in Series C funding to support global expansion

EVs universally superior at combating climate change: ICCT

A new comprehensive analysis by the International Council on Clean Transportation (ICCT) has found that – in all modelled regions from across the world – a battery electric vehicle (BEV) sold today will emit less greenhouse gas emissions (GHGs) compared to all other fuels and drivetrains over the life of the vehicle, from raw material extraction to… Continue reading EVs universally superior at combating climate change: ICCT