Having marched ahead in the electric vehicle space, Tata Motors wants to capitalise on the high demand for compressed natural gas-powered vehicles. With a portfolio of four vehicles – Tiago, Tigor, Altroz, and the yet to be launched Punch CNG, Tata Motors expects to sell about 1.5 lakh units per annum, within the next couple… Continue reading Tata Motors targets 1.5 lakh CNG unit sales in coming 12-18 months
Author: Autocar_Professional India Online News
CNG and EVs to account for majority of Tata Motors sales
Having marched ahead in the electric vehicle space, Tata Motors wants to capitalise on the high demand for compressed natural gas-powered vehicles. With a portfolio of four vehicles – Tiago, Tigor, Altroz, and the yet to be launched Punch CNG, Tata Motors expects to sell about 1.5 lakh units per annum, within the next couple… Continue reading CNG and EVs to account for majority of Tata Motors sales
M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore
Automotive major Mahindra & Mahindra has recently sold its entire stake of 3.19 percent in Mahindra CIE Automotive for Rs 543 crore. Mahindra CIE Automotive (CIE) is a multi-technology automotive components supplier. “We would like to inform you that the Company has today sold its entire stake consisting of 1,21,22,068 equity shares, representing 3.195 percent… Continue reading M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore
Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report
Volkswagen and Audi have consented to a US$85 million diesel settlement in principle, on flouting of the Texas environmental norms arising from the Dieselgate scandal, Texas Attorney General Ken Paxton said, Reuters noted. The settlement states that the German auto firms shell out US$ 85 million for their unlawful actions, Paxton stated, as noted by… Continue reading Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report
Education firms bet big on EV, IoT as futuristic courses
As electrification picks up pace in the mobility sector in the country, education firms are looking to bridge a potential skills gap as demand is expected to outpace supply. This is an area that is beginning to get attention from private educational players like Byju’s whose subsidiary Great Learning aims to offer three to four… Continue reading Education firms bet big on EV, IoT as futuristic courses
‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report
Union Minister Nitin Gadkari said that the transportation industry is accountable for 40% of air pollution in India, and urged the industry to work on greener fuel alternatives, PTI reported. Of this, 90% comes from the road transport segment, the minister said while talking at the GH2 Summit, PTI reported. He further added that green… Continue reading ‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report
Ford inks transaction with Tesla to get access to charging stations starting next year: Report
Ford Motor Co. has okayed a transaction with Tesla to let its EV owners get access to over 12,000 Tesla superchargers in North America early next year, Reuters reported. The transaction makes Ford amongst the first big auto firms to make use of Tesla’s charging standard, giving it access to the largest network of superchargers… Continue reading Ford inks transaction with Tesla to get access to charging stations starting next year: Report
TVS Supply Chain Solutions’ R Dinesh appointed CII president
The national council of the Confederation of Indian Industry (CII), at a meeting on May 25, elected new office-bearers for the fiscal year 2023-24. R Dinesh, Executive Vice-Chairman of TVS Supply Chain Solutions, has assumed office as the president of CII for 2023-24. He takes over from Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv… Continue reading TVS Supply Chain Solutions’ R Dinesh appointed CII president
Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US
Hyundai Motor Group and LG Energy Solution (LGES) have announced an EV battery cell manufacturing joint venture in the U.S. today. The Group and LGES will each hold a 50 percent stake in the JV, which will involve an investment of over US$ 4.3 billion (Rs 35,462 crore). Hyundai Motor Group and LGES signed a memorandum… Continue reading Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US
Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US
Hyundai Motor Group and LG Energy Solution (LGES) have announced an EV battery cell manufacturing joint venture in the U.S. today. The Group and LGES will each hold a 50 percent stake in the JV, which will involve an investment of over US$ 4.3 billion (Rs 35,462 crore). Hyundai Motor Group and LGES signed a memorandum… Continue reading Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US