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
Author: Autocar_Professional India Online News
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
GKN Automotive developing modular 800V electric drivetrains
British engineering firm GKN Automotive will ramp up development of its next-generation electric powertrain hardware, because of the increasing demand for EVs. The automotive components supplier will accelerate production of new ‘eDrive’ technologies using 800V electrics, which the firm says allows for faster charging times, increased driving range and higher levels of performance. The company’s eDrive system has been in… Continue reading GKN Automotive developing modular 800V electric drivetrains
BASF and Porsche to develop high-performing lithium-ion battery for EVs
BASF has been selected by Cellforce Group, a joint venture between Porsche and Customcells, as the exclusive cell development partner for its next-generation lithium-ion battery. As part of the collaboration, BASF will provide high-energy HED NCM cathode active materials to contribute to high-performance battery cells for fast charging and high energy density. Cellforce Group, based in… Continue reading BASF and Porsche to develop high-performing lithium-ion battery for EVs
350 EV charging stations installed across India under FAME
As global initiatives to achieve net zero emission gain momentum, India too is pushing the pedal to the metal. As many as 350 EV charging stations have been installed across the country under the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme. Krishan Pal Gurjar, Minister of State for Heavy Industries informed the Parliament that his… Continue reading 350 EV charging stations installed across India under FAME