Autocar_Professional India Online News – Page 1440

India has over 2.8 million EVs on its roads, Central and South India dominate EV ownership

Electric vehicle sales in India are witnessing sustained growth month on month but if additional quantitative proof of the growing consumer shift to electric mobility in India is required, then it came on August 10, 2023 in the form of Union Transport Minister Nitin Gadkari’s written reply in the Lok Sabha. As per the data provided… Continue reading India has over 2.8 million EVs on its roads, Central and South India dominate EV ownership

India has over 2.8 million EVs on its roads, Central and South India dominate EV ownership

Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement

Hero MotoCorp stated in a BSE filing that Sunil Kant Munjal will exit the firm as the Joint Managing Director after disclosing its family settlement agreement from the promoters. “The Management and Control of Listed Entity vested with the Family Group and Mr. Sunil Kant Munjal resigned as Joint Managing Director in the listed entity,”… Continue reading Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement

Toyota Kirloskar FY23 profits jump 2.7X to a record Rs 1404 crore

Having delivered its best-ever sales performance in a decade, Toyota Kirloskar, the Indian subsidiary of the world’s largest car maker Toyota Motor Corporation has posted its best operating performance with the highest ever profits and revenues in the country in FY23, twenty-five years since its inception. Toyota Kirloskar Motor recorded a profit of Rs 1404… Continue reading Toyota Kirloskar FY23 profits jump 2.7X to a record Rs 1404 crore

Ford hires former Apple executive Peter Stern to head software services group

Ford today named Apple veteran Peter Stern to lead the newly formed Ford Integrated Services, which will create and market valuable software-enabled customer experiences across Ford Blue, Model e and Ford Pro. Stern served as vice president of Services at Apple for more than six years through January 2023 and was a driving force behind… Continue reading Ford hires former Apple executive Peter Stern to head software services group

Ashok Leyland to invest Rs 300 crore in EV arm OHM, transfer existing e-MaaS contracts

Ashok Leyland, the Indian flagship of the Hinduja Group, today announced that its Board has approved the acquisition of 100% of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of Rs 1 lakh. As the company is yet to become operational the consideration was nominal. With this move,… Continue reading Ashok Leyland to invest Rs 300 crore in EV arm OHM, transfer existing e-MaaS contracts

Amara Raja Batteries report 45.55% jump in net profit in 1QFY24

Amara Raja Batteries, one of India’s leading industrial and automotive battery majors, reported a 45.55% increase in consolidated profit after tax at Rs 192.14 crore in the first quarter ended June 30, 2023. The company had posted a consolidated profit after tax of Rs 132.01 crore in the same quarter last fiscal. Consolidated revenue from operations… Continue reading Amara Raja Batteries report 45.55% jump in net profit in 1QFY24

Maharashtra government keen to clear path for Hyundai’s Rs 5,000 crore investment in GM’s Talegaon plant

The Maharashtra State Government has pledged its full support to Hyundai Motor India’s plans for a Rs 5000 crore investment commitment to the state over the next five years, even as it attempts to resolve the grievances of almost 1000 protesting workers. The Maharashtra government’s two key ministers, Labour Minister Suresh Khade and Industries Minister… Continue reading Maharashtra government keen to clear path for Hyundai’s Rs 5,000 crore investment in GM’s Talegaon plant

Maharashtra Govt looks to iron out the GM Union’s labour issues to seal Hyundai’s Rs 5000 crore investment in the Talegon facility

The Maharashtra State Government has pledged its full support to Hyundai Motor India’s plans for a Rs 5000 crore investment commitment to the state over the next five years, even as it attempts to resolve the grievances of almost 1000 protesting workers. The Maharashtra government’s two key ministers, Labour Minister Suresh Khade and Industries Minister… Continue reading Maharashtra Govt looks to iron out the GM Union’s labour issues to seal Hyundai’s Rs 5000 crore investment in the Talegon facility

Jio-bp adds 1,000+ charging stations in India during FY23, plans multi-fold expansion in FY24

Jio-bp, a joint venture between Reliance Industries and BP, expanded its network to 1,400+ locations across eight cities and important highways in India during the fiscal year 2022-2023. This represents an addition of over 1,000 public charging stations. In its most recent annual report, the corporation stated that it anticipates growing its network multi-fold again… Continue reading Jio-bp adds 1,000+ charging stations in India during FY23, plans multi-fold expansion in FY24