India’s largest carmaker Maruti Suzuki India (MSIL) is on track with its plans of becoming the No. 1 SUV player in the country’s passenger vehicle market. Its market share in SUVs has risen from 12.5 percent in FY23 to 23 percent in June 2023, already making it the No. 2 SUV maker last month. Led… Continue reading ‘We are on our way to becoming the No. 1 SUV player in India’: Shashank Srivastava
Author: Autocar_Professional India Online News
Finance Ministry not considering tax waivers for Tesla, says Revenue Secretary: Report
Last month, Tesla CEO Elon Musk had said that Prime Minister Narendra Modi was pushing the auto firm to make “significant investment” in the country, adding that such an announcement was expected soon, the newswire reported. India’s finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc (TSLA.O), Revenue Secretary Sanjay Malhotra told… Continue reading Finance Ministry not considering tax waivers for Tesla, says Revenue Secretary: Report
Delta Electronics India appoints Manjula Girish as business head for the EV Charging and Photovoltaic Inverter division
Delta Electronics India has appointed Manjula Girish as the business head for the EV Charging and Photovoltaic Inverter division. She will report directly to Niranjan Nayak, Managing Director of Delta Electronics India. Manjula has held significant leadership positions at companies. At Schneider Electric, she was a Senior General Manager, overseeing commercial end-to-end operations. During her… Continue reading Delta Electronics India appoints Manjula Girish as business head for the EV Charging and Photovoltaic Inverter division
Honda launches Dio 125 scooter at Rs 83,400
Honda Motorcycle & Scooter India (HMSI) has launched the Dio 125 in India, with prices ranging between Rs 83,400-Rs 91,300 (ex-showroom, Delhi). Powering the Dio 125 is the same engine as in the Honda Grazia and Activa 125. While HMSI’s press release doesn’t claim any output figures, the larger Dio’s displacement would not be too… Continue reading Honda launches Dio 125 scooter at Rs 83,400
Hyundai-Tata Motors battle for No. 2 rank revs up in FY2024, Q1 difference only 5,221 units
With FY2024’s first-quarter wholesale numbers out and the passenger vehicle industry registering dispatches of 995,974 units and year-on-year growth of 9%, the battle for the No. 2 position at the top of the ladder continues. While market leader Maruti Suzuki remains unassailable, the longstanding No. 2 player Hyundai Motor India and a hard-charging Tata Motors… Continue reading Hyundai-Tata Motors battle for No. 2 rank revs up in FY2024, Q1 difference only 5,221 units
HCL Tech to buy German auto engineering services provider ASAP
India’s HCL Tech has signed a definitive agreement to acquire 100% equity stake in ASAP Group, an automotive engineering services provider. The transaction is expected to close in September 2023. Headquartered in Ingolstadt, Germany, ASAP is focused on future-oriented automotive technologies in areas and industry mega trends such as autonomous driving, e-mobility and connectivity.… Continue reading HCL Tech to buy German auto engineering services provider ASAP
Kia rolls out millionth made-in-India car 47 months after market entry
Kia India today rolled out its millionth vehicle from its manufacturing facility in the Anantapur district of Andhra Pradesh. The landmark unit was the first unit of the face-lifted Seltos midsize SUV launched on July 4, for which bookings open tomorrow. The Korean carmaker’s millionth production milestone comes 47 months or a month less than… Continue reading Kia rolls out millionth made-in-India car 47 months after market entry
Renault Nissan Automotive India to invest Rs 1.4 crore in upgrading school infrastructure in Oragadam
Renault Nissan Automotive India (RNAIPL) has announced that it will be investing over Rs 1.4 crore under its ‘Karpom Munneruvom’ (Learning for Progress) initiative to upgrade infrastructure at eight schools in and around Oragadam as part of its Corporate Social Responsibility (CSR) commitments for FY23-24. Between July and December 2023, RNAIPL will build classrooms and restrooms, and… Continue reading Renault Nissan Automotive India to invest Rs 1.4 crore in upgrading school infrastructure in Oragadam
‘Our technologies are not just about product development’: Nand Kochhar
The global automotive industry is undergoing a massive transformation, with sustainability determining an accelerated shift towards zero-emission-propulsion technologies. The need to conform to renewed cost, quality, and performance attributes is driving rapid adoption of digital solutions that are enabling change management across OEMs and suppliers. Siemens Digital Industries Software, which is a global leader in… Continue reading ‘Our technologies are not just about product development’: Nand Kochhar
Bosch starts production of fuel-cell power module; targets EUR 5 billion in sales with H2 tech by 2030
Bosch, leading technology and service provider has commenced volume production of its fuel-cell power module at its Stuttgart-Feuerbach location based in the United States. By 2030, the company plans to generate sales of roughly 5 billion euros with hydrogen technology. This location will serve as the pilot customer with its Class 8 hydrogen fuel cell… Continue reading Bosch starts production of fuel-cell power module; targets EUR 5 billion in sales with H2 tech by 2030