Concentric AB has won a significant order for its next-generation Electro-Hydraulic Steering (EHS) pump from an European electric bus OEM, worth 7 million Swedish Krona (SEK) (Rs 5.3 crore). The order will be supplied from Q4 this year, into Q1 of 2024, the press release noted, and the company is of the opinion that it… Continue reading Concentric AB wins order worth 7 million SEK from European electric bus OEM
Author: Autocar_Professional India Online News
Group Landmark to foray into pre-owned car business, targets Rs 100 crore revenue in FY2024
Mumbai-headquartered Group Landmark, which is one of the leading dealer principals for passenger vehicle OEMs, including Honda Cars India, Mercedes-Benz India, Volkswagen India, Renault India, Mahindra & Mahindra, MG Motor India, and BYD, plans to enter the country’s used car segment, which is likely to double in size from 4.1 million units in FY2022 to… Continue reading Group Landmark to foray into pre-owned car business, targets Rs 100 crore revenue in FY2024
Hyundai partners KATECH, APQ and SAPTCO to foster hydrogen mobility ecosystem in Saudi Arabia
Following the announcement of it signing a joint venture agreement with the Public Investment Fund (PIF) for setting up a highly automated vehicle manufacturing plant in Saudi Arabia, Hyundai Motor Company has also signed a memorandum of understanding (MOU) with Korea Automotive Technology Institute (KATECH), Air Products Qudra (APQ) and the Saudi Public Transport Company… Continue reading Hyundai partners KATECH, APQ and SAPTCO to foster hydrogen mobility ecosystem in Saudi Arabia
Hyundai to set up ICE and EV manufacturing plant in Saudi Arabia
The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a strategic technology… Continue reading Hyundai to set up ICE and EV manufacturing plant in Saudi Arabia
Hyundai to set up ICE and EV manufacturing plant in Saudi Arabia
The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a strategic technology… Continue reading Hyundai to set up ICE and EV manufacturing plant in Saudi Arabia
Suzuki invests in Inmotive to accelerate joint development of two-speed EV transmission
Suzuki Motor Corporation has invested in Canada-based Inmotive Inc through Suzuki’s corporate venture capital fund, Suzuki Global Ventures. In December 2022, Suzuki and Inmotive tied up for joint development of a two-speed EV transmission, and have since been working together for its development for use in a future Suzuki electric vehicle. The two companies believe… Continue reading Suzuki invests in Inmotive to accelerate joint development of two-speed EV transmission
Suzuki invests in Inmotive to accelerate joint development of two-speed EV transmission
Suzuki Motor Corporation has invested in Canada-based Inmotive Inc through Suzuki’s corporate venture capital fund, Suzuki Global Ventures. In December 2022, Suzuki and Inmotive tied up for joint development of a two-speed EV transmission, and have since been working together for its development for use in a future Suzuki electric vehicle. The two companies believe… Continue reading Suzuki invests in Inmotive to accelerate joint development of two-speed EV transmission
EVs get designer touches
It’s no secret that automotive shows are great places to get captive audiences when it comes to showcasing production models and futuristic concept ideas, be it design or technologies or both. The IAA Mobility 2023 event in Munich, Germany, served as the perfect platform for domestic and international brands to highlight their respective products and… Continue reading EVs get designer touches
EVs get designer touches
It’s no secret that automotive shows are great places to get captive audiences when it comes to showcasing production models and futuristic concept ideas, be it design or technologies or both. The IAA Mobility 2023 event in Munich, Germany, served as the perfect platform for domestic and international brands to highlight their respective products and… Continue reading EVs get designer touches
EVs get designer touches
It’s no secret that automotive shows are great places to get captive audiences when it comes to showcasing production models and futuristic concept ideas, be it design or technologies or both. The IAA Mobility 2023 event in Munich, Germany, served as the perfect platform for domestic and international brands to highlight their respective products and… Continue reading EVs get designer touches