German technology company Continental has acquired a minority stake in the German-US start-up Recogni, which is working on a new chip architecture for object recognition in real-time based on artificial intelligence (AI). The processors of the future are intended for use in Continental’s high-performance vehicle computers, among other applications, where they will perform rapid processing… Continue reading Continental picks up stake in AI chip start-up Recogni, bets on future of autonomous vehicles
Author: Autocar_Professional India Online News
Amazon India to deploy Mahindra Electric’s Treo Zor for deliveries in 7 cities
E-commerce major Amazon India has announced its partnership with Mahindra Electric to further strengthen its commitment towards electric mobility in the country. In 2020, Amazon India had announced that its fleet of delivery vehicles will include 10,000 electric vehicles (EVs) by 2025, which is part of the company’s global commitment of adding 100,000 electric vehicles… Continue reading Amazon India to deploy Mahindra Electric’s Treo Zor for deliveries in 7 cities
Droom digital platform sees growing usage from used car and two-wheeler buyers
New Delhi-headquartered online marketplace Droom recently released its annual automobile industry trend report, which reported a 300 percent increase in digital adoption by consumers. The report highlighted that the Covid-19 pandemic accelerated this digital adoption and the shift was more pronounced among used cars and 2-wheelers as opposed to new ones. The company’s annual automobile… Continue reading Droom digital platform sees growing usage from used car and two-wheeler buyers
Jaguar Land Rover confirms plan to cut 2,000 non-factory jobs worldwide
Jaguar Land Rover has confirmed that it will cut 2,000 non-factory jobs from its global workforce in the next year, as part of its ongoing restructuring drive. The job losses, first reported by Sky News, will come from the British firm’s global salaried workforce. While Jaguar Land Rover has not given any details on the roles… Continue reading Jaguar Land Rover confirms plan to cut 2,000 non-factory jobs worldwide
Proterra to supply battery for Volta Trucks
Volta Trucks, the full-electric commercial vehicle manufacturer, has selected Proterra, a leading innovator in commercial vehicle electrification technology, as the battery supplier for the Volta Zero. The Volta Zero is the world’s first purpose-built, full-electric 16-tonne commercial vehicle designed specifically for inner city freight distribution. This significant contract completes Volta Trucks’s strategic sourcing of the… Continue reading Proterra to supply battery for Volta Trucks
Allison Transmission chairman Lawrence E Dewey to retire, David Graziosi to take charge
Allison Transmission has announced that Lawrence E. Dewey has notified the company’s board of directors of his decision to not stand for re-election at the company’s 2021 annual meeting of stockholders. Dewey joined the board in October, 2007 as Allison Transmission’s President, CEO and Chairman following the purchase of the Allison business by The Carlyle Group and… Continue reading Allison Transmission chairman Lawrence E Dewey to retire, David Graziosi to take charge
Ashok Leyland to slash its carbon footprint by 60 percent
Vipin Sondhi, MD & CEO, Ashok Leyland, said, “As we march towards our vision of being among the Top 10 Global CV Makers, it is equally important that we do this sustainably. Ashok Leyland has announced that it has increased the sourcing of clean energy to 60 percent for its operations in India. Now 75 percent of its… Continue reading Ashok Leyland to slash its carbon footprint by 60 percent
REE Automotive to set up engineering centre at UK’s MIRA Technology Park
Israel-based REE Automotive, which recently announced its merger with 10X Capital Venture Acquisition to go public, has announced setting up of a new state-of-the-art Engineering Centre of Excellence in MIRA Technology Park in the UK. The new centre will expedite REE’s strategic plans to meet anticipated global demand for its REEcorner and electric vehicle (EV)… Continue reading REE Automotive to set up engineering centre at UK’s MIRA Technology Park
Ampere Electric to invest Rs 700 crore in new EV plant in Tamil Nadu
The state of Tamil Nadu is on a roll when it comes to investment in electric mobility. Ampere Electric, the wholly owned electric mobility subsidiary of Greaves Cotton, is the latest to do so. The company has announced a phased investment of Rs 700 crore over 10 years to set up a world-class electric mobility manufacturing… Continue reading Ampere Electric to invest Rs 700 crore in new EV plant in Tamil Nadu
Hella eMobionics and Kinetic Electric Motor form strategic alliance for EV parts
L-R: Dr Naveen Gautam, Managing Director, Hella eMobionics and Manish Motwani, founder and CEO, Kinetic Electric Motor Company. With the electric vehicle (EV) market in India currently witnessing a spike in sales and new investment from OEMs, the segment is now seen to be moving into the fast lane. The increasing need for last-mile delivery… Continue reading Hella eMobionics and Kinetic Electric Motor form strategic alliance for EV parts