Having explored multiple options for joint ventures and partnerships over the last few years, MG Motor India, the British brand owned by SAIC Corporation has decided to divest its majority stake in the company and it is currently in negotiation with multiple potential suitors – right from High-Net-Worth Individuals, corporates and financial partners. With its… Continue reading ‘Challenges opened up an opportunity to monetise the MG brand,’ says Rajeev Chaba, CEO Emeritus, MG Motor India
Author: Autocar_Professional India Online News
Honda reveals electric EM1 e scooter with 41km range and 45kph top speed
Honda has revealed its first electric vehicle on two wheels for European riders. The EM1 e follows the Japanese automaker’s September 2022 announcement of plans to introduce 10 or more electric two- wheelers globally by 2025. It is also a notable first step towards meeting Honda’s stated aim of carbon neutrality for all its motorcycle… Continue reading Honda reveals electric EM1 e scooter with 41km range and 45kph top speed
Honda reveals electric EM1 e scooter with 41km range and 45kph top speed
Honda has revealed its first electric vehicle on two wheels for European riders. The EM1 e follows the Japanese automaker’s September 2022 announcement of plans to introduce 10 or more electric two- wheelers globally by 2025. It is also a notable first step towards meeting Honda’s stated aim of carbon neutrality for all its motorcycle… Continue reading Honda reveals electric EM1 e scooter with 41km range and 45kph top speed
Tata Nexon sales in India top 500,000 units
On April 12, 2023, the Tata Nexon became the first model in Tata Motors’ seven-model ‘New Forever’ range of passenger vehicles to see the rollout of its 500,000th unit from the Ranjangaon plant in Pune. April 2023 also marked a similar milestone on the sales front. Launched on September 21, 2017, the Nexon has, till… Continue reading Tata Nexon sales in India top 500,000 units
Maruti Suzuki begins production for the 5-door Jimny ahead of June launch
Maruti Suzuki has begun series production of the Jimny 5-door at its Gurugram plant. The Jimny will first go on sale in India next month and was shown to the general public in January at the Auto Expo 2023. Bookings for the Jimny 5-door had commenced on the day of its global debut and we can now confirm… Continue reading Maruti Suzuki begins production for the 5-door Jimny ahead of June launch
Tata Motors remains upbeat on robust CV demand despite moderation in GDP forecasts
Even though various financial institutions have reduced their GDP forecasts for India for FY24, PB Balaji, Group Chief Financial Officer, Tata Motors, believes that the commercial vehicle (CV) segment remains in a good position in terms of growth due to several key indicators such as economic growth, GST collection, infrastructure development, and vehicle replacement demand,… Continue reading Tata Motors remains upbeat on robust CV demand despite moderation in GDP forecasts
Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
On the back of a record FY23 performance, Tata Motors, India’s largest automobile company by revenues, plans to revise its capex upwards by 25% to Rs 38,000 crore in FY24, with improved chip supplies and expected sustenance in demand for both JLR and standalone business. The company plans to invest in products, platforms, and debottlenecking… Continue reading Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
On the back of a record FY23 performance, Tata Motors, India’s largest automobile company by revenues, plans to revise its capex upwards by 25% to Rs 38,000 crore in FY24, with improved chip supplies and expected sustenance in demand for both JLR and standalone business. The company plans to invest in products, platforms, and debottlenecking… Continue reading Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China
Volvo Trucks and Jiangling Motors Co. will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co. and its manufacturing site in Taiyuan, Shanxi province, China. The two parties will not pursue the transaction due to that the conditions for closing the transaction were not met. Volvo Trucks will continue… Continue reading Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China
TVS Motors delivers 100 iQubes in Chennai
TVS Motor Company commits to deliver 1,000 iQubes across 10 cities in ten days. The company handed over 100 TVS iQube scooters to its customers in Chennai today, kickstarting the 10-day, 10 cities, 1,000 electric scooters mega delivery marathon. TVS iQube recorded a sales milestone of 1,00,000 units for its range of scooters, since its… Continue reading TVS Motors delivers 100 iQubes in Chennai