Autocar_Professional India Online News – Page 1423

M&A driven deals to add Rs 12,000 crore to Motherson Sumi’s biz, topline may cross Rs 1 lakh crore by FY25

In a bid to achieve its aspirational goal of ‘Vision 2025’, auto component major Samvardhana Motherson (SAMIL) has signed seven acquisition deals since April 2023, which are expected to add Rs 12,000 crore to its revenue by the financial year (FY) 2024–25, senior company executives said. The company’s revenues increased 23 percent to Rs 78,701… Continue reading M&A driven deals to add Rs 12,000 crore to Motherson Sumi’s biz, topline may cross Rs 1 lakh crore by FY25

Assam and Tripura rank in the top three states in terms of EV penetration

As the shift towards electric vehicles gains momentum in India, the North Eastern states of Assam and Tripura have seen the second and third-highest penetration rates in the country for zero-emission vehicles after the national capital New Delhi. As against the national average of 0.8 percent EV penetration, Assam and Tripura have a penetration rate… Continue reading Assam and Tripura rank in the top three states in terms of EV penetration

TVS eyes 40% share from EVs by 2025, aims to strengthen global play with new TVS X

TVS Motor Company, which has unveiled its flagship electric scooter – TVS X – aims a global play with this high-on-technology product which has seen significant efforts from its in-house R&D teams which have contributed to the development of the electronic and software architecture of the electric scooter. The company has invested Rs 250 crore… Continue reading TVS eyes 40% share from EVs by 2025, aims to strengthen global play with new TVS X

TVS X launched at Rs 2.5 lakh as company’s flagship e-scooter

TVS Motor Company unveiled its latest electric two-wheeler – TVS X – aimed at the Gen-Z buyers, at a mega global event held in Dubai on August 23. The company launched the product at a price of Rs 2.5 lakh, ex-showroom, without any subsidies into consideration. The company is targeting the X – a born-electric… Continue reading TVS X launched at Rs 2.5 lakh as company’s flagship e-scooter

Room for hybrids to gain stronger footing, says Toyota Kirloskar’s Vikram Gulati

Most carmakers in the country have deliberately skipped the hybrid route and jumped onto the EV bandwagon, but Japanese brands like Maruti Suzuki, Toyota and Honda have worked at democratising hybrids in India. EVs comprise just 2-3 percent of the total passenger vehicle market, let alone the fact that the charging infrastructure around it is still underdeveloped. So, with ICE… Continue reading Room for hybrids to gain stronger footing, says Toyota Kirloskar’s Vikram Gulati

Over 70 GWh of battery waste to reach recycling firms by 2030: CII report

India could have a significant battery waste problem on its hands, according to a new report from Confederation of Indian Industry (CII). A report on ‘Battery Manufacturing & its Ecosystem’ released by the Confederation of Indian Industry (CII), has said that an estimated 72 to 81 GWh of waste batteries (around 447,000 to 517,000 tons) would reach… Continue reading Over 70 GWh of battery waste to reach recycling firms by 2030: CII report

Over 70 GWh of battery waste to reach recycling firms by 2030: CII report

BorgWarner to exhibit innovative solutions for eMobility and new corporate identity at IAA Mobility

BorgWarner is set to showcase its growing, innovative product portfolio that supports automotive manufacturers in their electrification transformations at IAA Mobility. The event, hosted in Munich, Germany, September 5-8, 2023, will highlight the company’s progress on its strategic objectives and the continuous evolution of its efficient technology solutions for the transition to eMobility. The trade… Continue reading BorgWarner to exhibit innovative solutions for eMobility and new corporate identity at IAA Mobility

Zevo secures funding from Agility Ventures for sustainable supply chain solutions

Zevo, a fully integrated electric supply chain, and warehousing platform has raised funding from Agility Ventures. The funds will be used to expand its fleet of electric vehicles and micro storages, focusing on last-mile delivery and integrated logistics solutions along with electric refrigerated deliveries. The funding will be utilised towards the expansion of Zevo’s fleet of electric vehicles… Continue reading Zevo secures funding from Agility Ventures for sustainable supply chain solutions

Porsche 911 S/T priced at Rs 4.26 crore in India

Porsche has priced the 911 S/T in India at Rs 4.26 crore (ex-showroom, India), making it the most expensive 911 – and Porsche – model on sale in the country. Revealed earlier this month as the 60th birthday celebration of the 911, Porsche will produce only 1,963 units of the 911 S/T. Porsche 911 S/T exterior and interior The 911… Continue reading Porsche 911 S/T priced at Rs 4.26 crore in India