Autocar_Professional India Online News – Page 1487

Simple Energy to invest over US$ 100 million in its EV business

Simple Energy, India’s electric vehicle and clean energy start-up, is looking to invest over US$ 100 million in its electric vehicle business. The company will also be looking at electric cars as a form factor, making it the second company after Ola to do so. The company today officially launched its maiden electric 2-wheeler, the… Continue reading Simple Energy to invest over US$ 100 million in its EV business

Simple Energy to invest over US$ 100 million in its EV business

ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director

ALD Automotive, a global automotive leasing and fleet management company has acquired 100% of LeasePlan from a consortium led by TDR Capital. This acquisition positions the combined group as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide. Suvajit Karmakar, Country Managing Director & Asia Sub-regional Director, ALD Automotive… Continue reading ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director

ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director

Tata Motors to deliver 50 Magna 13.5-metre buses to Vijayanand Travels

Tata Motors has bagged an order for 50 Magna 13.5-metre buses from Vijayanand Travels. The fully built BS6 diesel Magna buses will be delivered to Vijayanand Travels in a phased manner, in accordance with the agreed contract terms. Shiva Sankeshwar, Managing Director, Vijayanand Travels said, “These buses align perfectly with our vision of offering a comfortable… Continue reading Tata Motors to deliver 50 Magna 13.5-metre buses to Vijayanand Travels

Euro 7’s direct costs 4 to 10 times higher than EU estimates: new study

The Euro 7 proposal on pollutant emissions would lead to direct cost increases that are 4 to 10 times higher than those cited by the European Commission, according to a new study. The proposed Euro 7 regulation will increase the manufacturing costs of cars, vans, trucks, and buses. A study by Frontier Economics, ‘Regulatory costs of… Continue reading Euro 7’s direct costs 4 to 10 times higher than EU estimates: new study

Understanding the market dynamics of lithium prices

Lithium-ion, a key component in electric vehicles has seen a lot of fluctuation in market prices, which have dropped to CNY 2,05,000-2,46,000 a tonne, versus the highs of CNY 6,00,000 witnessed in November 2022. Lithium carbonate prices rose past CNY 190,000 per tonne, rebounding for the first time since plunging to the 19-month low of… Continue reading Understanding the market dynamics of lithium prices