SAIC Motor, China’s largest carmaker, announced on July 27 that it signed an MoU (Memorandum of Understanding) with German carmaker Audi on jointly developing intelligent and electric vehicles. According to the MoU, both sides will leverage their respective advantages and strengths to speed up Audi’s development of new electric vehicles in order to meet the… Continue reading SAIC Motor joins hands with Audi to develop electric vehicles
Author: Autocar_Professional India Online News
SAIC Motor joins hands with Audi to develop electric vehicles
SAIC Motor, China’s largest carmaker, announced on July 27 that it signed an MoU (Memorandum of Understanding) with German carmaker Audi on jointly developing intelligent and electric vehicles. According to the MoU, both sides will leverage their respective advantages and strengths to speed up Audi’s development of new electric vehicles in order to meet the… Continue reading SAIC Motor joins hands with Audi to develop electric vehicles
Foxconn to invest US$600 mn in Karnataka for components, chipmaking machinery
Taiwanese firm Foxconn will invest US$ 600 million in two manufacturing projects in Karnataka, including one which will be a partnership with U.S.-based Applied Materials, a state government statement said, as reported by Reuters. The company will invest US$ 350 million for manufacturing components for smartphones, including for iPhones. It will also invest US$ 250… Continue reading Foxconn to invest US$600 mn in Karnataka for components, chipmaking machinery
BYD faces investigation for underpaying tax in India: Report
Chinese automaker BYD is facing an ongoing Indian investigation on allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two persons in the know told Reuters. One source informed the newswire that the country’s Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax… Continue reading BYD faces investigation for underpaying tax in India: Report
BYD faces investigation for underpaying tax in India: Report
Chinese automaker BYD is facing an ongoing Indian investigation on allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two persons in the know told Reuters. One source informed the newswire that the country’s Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax… Continue reading BYD faces investigation for underpaying tax in India: Report
Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024
Wardwizard Innovations & Mobility, an electric vehicle manufacturer under the brand ‘Joy e-bike’, announced its financial results for the first quarter (April- June 2023) of FY24. The company reported a standalone revenue of Rs 37.8 crore, and profit of Rs 1.73 crore. The company which recently opened 12 distributor showrooms in 11 cities pan India,… Continue reading Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024
Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024
Wardwizard Innovations & Mobility, an electric vehicle manufacturer under the brand ‘Joy e-bike’, announced its financial results for the first quarter (April- June 2023) of FY24. The company reported a standalone revenue of Rs 37.8 crore, and profit of Rs 1.73 crore. The company which recently opened 12 distributor showrooms in 11 cities pan India,… Continue reading Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024
Erisha e-mobility joins hands with MAHAPREIT to develop green hydrogen, EV and other technologies under renewable energy project
Erisha E Mobility, a part of the Rana Group Ventures, has collaborated as a knowledge partner with the Mahatma Phule Renewable Energy and Infrastructure Technology Limited, (MAHAPREIT), to promote and develop green hydrogen, electric vehicles, and solar/wind park technology under the renewable energy project. MAHAPREIT, a subsidiary of MPBCDC, Government of Maharashtra, is engaged in… Continue reading Erisha e-mobility joins hands with MAHAPREIT to develop green hydrogen, EV and other technologies under renewable energy project
Greaves Electric Mobility collaborates with ReadyAssist to bring full-stack after-sales services to Fleet customers
Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has entered into a collaboration with ReadyAssist, a leader in the vehicle assistance industry, bringing full-stack after-sales and service support for its fleet customers. Under this agreement, ReadyAssist will cater to Ampere’s fleet of vehicles to ensure smooth operations, minimal downtime and maximum business efficiency for… Continue reading Greaves Electric Mobility collaborates with ReadyAssist to bring full-stack after-sales services to Fleet customers
ArcelorMittal, Marelli and Toyota among winners of 2023 Altair Enlighten Award
Altair, a global leader in computational science and artificial intelligence (AI) has named the winners of the 2023 Altair Enlighten Award. Presented in association with the Center for Automotive Research (CAR), the Altair Enlighten Award honour the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and leverage material… Continue reading ArcelorMittal, Marelli and Toyota among winners of 2023 Altair Enlighten Award