The Board of Directors of Maruti Suzuki on Monday approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG) and exercising the option to acquire the shares of SMG from Suzuki Motor Corporation (SMC) subject to all legal and regulatory compliances including minority shareholders’ approval. The mode of acquisition including… Continue reading Maruti Suzuki to acquire Suzuki Motor Gujarat operation, terminate contract manufacturing
Author: Autocar_Professional India Online News
Mufin Green Finance raises US$ 1 million from Shell Foundation
Mufin Green Finance – India’s first listed NBFC dedicated to EV financing has recently secured US$ 1 million funding from Shell Foundation, a UK registered charity. The aim is to create a US$ 2 million joint de-risking pool in the form of FLDG (First Loan Default Guarantee), which will unlock commercial capital for 2-wheelers and… Continue reading Mufin Green Finance raises US$ 1 million from Shell Foundation
Mufin Green Finance raises US$ 1 million from Shell Foundation
Mufin Green Finance – India’s first listed NBFC dedicated to EV financing has recently secured US$ 1 million funding from Shell Foundation, a UK registered charity. The aim is to create a US$ 2 million joint de-risking pool in the form of FLDG (First Loan Default Guarantee), which will unlock commercial capital for 2-wheelers and… Continue reading Mufin Green Finance raises US$ 1 million from Shell Foundation
Altigreen partners with SAP to bolster customer experiences
India’s commercial electric vehicle maker Altigreen is using SAP’s cloud-enabled Enterprise Resource Planning software for business transformation by integrating it’s its core business processes into a single unified system. Sharing his thoughts on the partnership, Arun Maheshwari, CIO, Altigreen, said, “Altigreen is a young and ambitious EV OEM. It had clarity from day one that along with… Continue reading Altigreen partners with SAP to bolster customer experiences
Log9 Materials, Hala Mobility India form strategic partnership for cleaner mobility solutions
Log9 Materials, a Bengaluru-based deep technology and advanced battery technology start-up announced a long-term strategic partnership with Hala Mobility India, a multimodal EV-logistics services platform headquartered in Hyderabad. As part of the partnership, Hala Mobility will gain access to 1500 cutting-edge electric two-wheelers called BzinessLite InstaCharged by Log9 Materials. Additionally, Log9 will provide Hala Mobility… Continue reading Log9 Materials, Hala Mobility India form strategic partnership for cleaner mobility solutions
Castrol India reports Rs 225 crore net profit during Q2CY23
Castrol India, counted among the country’s leading lubricant manufacturers for the auto industry, reported a net profit of Rs 225 crore for Q2 CY2023, a growth of Rs 206 crore registered during the corresponding period of the previous year. The company’s revenues from operations, on the other hand, witnessed a 7% jump to Rs 1,334 crore… Continue reading Castrol India reports Rs 225 crore net profit during Q2CY23
Tata Power launches RFID enabled ‘EZ CHARGE’ card for better EV charging experience
Tata Power has unveiled the EZ CHARGE card today, an advanced RFID (Radio-frequency identification) card that promises to redefine the EV charging experience for lakhs of electric vehicle (EV) owners across the country. The EZ CHARGE card was launched at the Bombay House by Dr. Praveer Sinha, CEO and MD, Tata Power, and Shailesh Chandra, MD… Continue reading Tata Power launches RFID enabled ‘EZ CHARGE’ card for better EV charging experience
Lexus rolls out one-of-a-kind Lexus Meraki on Wheels
Aligning with its inherent vision of Omotenashi, Lexus India today announced the inauguration of its first and one-of-a-kind Lexus Meraki on Wheels, a unique and innovative retail experience that would bring Lexus closer to its guests. Inspired by the Greek concept of Meraki, the new mobile brand space was introduced in Calicut today, the fourth such… Continue reading Lexus rolls out one-of-a-kind Lexus Meraki on Wheels
A look at new cars launching in August
August has a bunch of launches lined up, with a majority of them in the luxury segment. Tata Motors will add a CNG powertrain to the Punch, and Toyota is all set to launch the Maruti Suzuki Ertiga-based Rumion MPV. In the luxury segment, Mercedes-Benz will launch the second generation of one of its highest-selling SUVs, while Volvo and Audi will launch two electric SUVs. Here’s the… Continue reading A look at new cars launching in August
Honda’s new electric SUV to use Vitesco’s integrated axle drive
Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, is delivering its integrated axle drive EMR3 (3rd generation, Electronics Motor Reducer) to Honda for its new B-segment all-electric SUV. In Europe this vehicle, based on Honda’s new e:N Architecture F, will be marketed under the name e:Ny1. The E-drive is a… Continue reading Honda’s new electric SUV to use Vitesco’s integrated axle drive