Blackstone backed Tier 1 supplier, Sona Comstar will launch is IPO or initial public on June 14 for three days and the issue will close on June 16. The price band has been fixed at Rs 285-291 per share. The Rs 5,500 crore issue comprises of Rs 300 crore worth fresh issuance of equity shares and an… Continue reading Sona Comstar IPO to open on June 14, price band fixed at Rs 285-291 per share
Author: Autocar_Professional India Online News
Renault ElectriCity to be Europe’s largest EV production hub
As part of the Renaulution strategic plan unveiled earlier this year, Renault Group and trade unions (CFDT, CFE-CGC, CFTC, CGT, FO and SUD) have signed an agreement for the future of the Renault sites in the Hauts-de-France region. The agreement is to create Renault ElectriCity, the Renault wholly owned legal entity which will group together… Continue reading Renault ElectriCity to be Europe’s largest EV production hub
Ferrari names top tech exec Benedetto Vigna as new CEO
Benedetto Vigna has 26 years of experience in the chip industry, having in 1995 founded ST Microelectronics’ microelectromechanical systems and sensors group division. Ferrari has appointed technology executive Benedetto Vigna its new CEO as the Italian company begins its move towards electrification. Vigna, 51, is currently leading an executive role in the chip division of ST… Continue reading Ferrari names top tech exec Benedetto Vigna as new CEO
FADA lauds Maharashtra for making vehicle registration digital
Apex dealer body, the Federation of Automobile Dealers Associations (FADA) has thanked the State Transport Department of Maharashtra for making the vehicle registration process faceless and paperless. FADA Maharashtra has for long been engaged in a dialogue with the State Transport Department for the implementation of the new rules, which have now been notified by… Continue reading FADA lauds Maharashtra for making vehicle registration digital
Volkswagen invests additional 500 million euros in battery maker Northvolt
Northvolt intends to expand the capacity of its Northvolt Ett gigafactory in Skelleftea, Northern Sweden from 40 GWh to 60 GWh per year. Volkswagen is participating, with a contribution of 500 million euros (Rs 4,133 crore), in a financing round of its Swedish battery partner Northvolt with a total volume of US$2.75 billion. The Group will… Continue reading Volkswagen invests additional 500 million euros in battery maker Northvolt
Uttam Group launches mobile CNG refuelling unit, Ashvath
Uttam Group has launched ‘Ashvath’, an integrated CNG refueling unit in association with Mahanagar Gas for easy dispensing of CNG fuel into vehicles. Ashvath will be operational in Mumbai, in partnership with MGL and other CGD (City Gas Distribution) companies, and would then follow a phase-wise expansion, across the country. Ashvath is a first of its… Continue reading Uttam Group launches mobile CNG refuelling unit, Ashvath
Varroc signs MoU with Candera for next-generation TFT Instrument Clusters
Varroc Engineering has signed a Memorandum of Understanding (MoU) with Candera, a HMI tool provider and development partner to integrate the Human Machine Interface (HMI) technology in Varroc’s Thin-Film-Transistor (TFT) Instrument Cluster. According to the MoU, Varroc will develop the hardware and base software of the product, while Candera will provide software solution for HMI.… Continue reading Varroc signs MoU with Candera for next-generation TFT Instrument Clusters
Hyundai opens bookings for new Alcazar SUV
Hyundai Motor has opened bookings for soon-to-be-launched six- and seven-seater premium SUV – the Hyundai Alacazar. Bookings can be done at all company dealerships and on its online car buying platform – Click to Buy for Rs 25,000. The Hyundai Alcazar is based on the Hyundai Creta which is currently the top-selling SUV in India.… Continue reading Hyundai opens bookings for new Alcazar SUV
Martin Schwenk: ‘We are not bypassing dealers. Our network is our biggest competitive advantage.’
After revealing its dynamic ‘Retail of the Future‘ (RoTF) sales strategy last week, Mercedes-Benz India has assured that its dealers (now called franchise partners) will continue to hold key importance in the company’s business operations in the country. The new retail dynamic, which is similar to a direct-to-consumer model and involves elimination of inventory costs… Continue reading Martin Schwenk: ‘We are not bypassing dealers. Our network is our biggest competitive advantage.’
Hyundai Motor Group chairman Euisun Chung wins Issigonis Trophy at 2021 Autocar Awards
Hyundai Motor Group Chairman Euisun Chung has been honoured with the Issigonis Trophy at the 2021 Autocar UK Awards ceremony. Chung gets the 2021 Autocar Awards’ top accolade in recognition of the incredible contribution that he and the firm have made to the global automotive industry. Named in honour of legendary car designer Sir Alec Issigonis, the trophy is… Continue reading Hyundai Motor Group chairman Euisun Chung wins Issigonis Trophy at 2021 Autocar Awards