Autocar_Professional India Online News – Page 1507

Shigeki Iwama to take over as President of Honda India Power Products effective April 1, 2023

Shigeki Iwama to take over as President of Honda India Power Products effective April 1, 2023 Honda India Power Products has appointed Shigeki Iwama as its new President, effective from April 1, 2023. Iwama has worked with Honda Motor Company for close to 20 years, specialising in the power products business. Shigeki Iwama recently held the position… Continue reading Shigeki Iwama to take over as President of Honda India Power Products effective April 1, 2023

MapmyIndia registers 41% uptick in FY23 revenues, eyes growth from consumer tech products

MapmyIndia registers 41% uptick in FY23 revenues, eyes growth from consumer tech products MapmyIndia, a Delhi-based mapping technology firm, has reported financial results for the full year and for Q4FY23. The company has reported a 41 percent Year-on-Year growth at Rs 282 crore for FY23, versus revenues of Rs 200 crore in FY22. The FY23 Q4… Continue reading MapmyIndia registers 41% uptick in FY23 revenues, eyes growth from consumer tech products

Mobile EV charging firm Mobec Innovations raises US$ 1 million

Mobec Innovations, a mobile-charging as a service company, has secured US$ 1 million in seed funding, of which the majority of funding coming in from Singapore-based Purple Stone Consulting. Noida-based Mobec offers fully-integrated ultrafast EV charging solutions with no additional fixed infrastructure. This provides consumers with the option of charging anywhere and anytime. Mobec serves… Continue reading Mobile EV charging firm Mobec Innovations raises US$ 1 million

Maruti Suzuki launches Fronx SUV at Rs 7.46 lakh

Maruti Suzuki has launched the Fronx at Rs 7.46 lakh for the base Sigma trim going up to Rs 13.13 lakh for the top-spec Alpha turbo variant. The Baleno-based SUV made its debut at Auto Expo in January, with bookings already underway for a token amount of Rs 11,000. Maruti Suzuki Fronx powertrains and variantsThe new Fronx is available in… Continue reading Maruti Suzuki launches Fronx SUV at Rs 7.46 lakh

Continental begins production of tyre pressure monitoring system in India

Technology company Continental has launched the production of its Tyre Pressure Monitoring System (TPMS) for passenger cars, at its Bangalore plant. With the localisation of TPMS, Continental is enhancing its commitment to support local OEMs in India. In the next three years, Continental aims to rapidly scale up the TPMS production capacity. At present, the… Continue reading Continental begins production of tyre pressure monitoring system in India

Daimler India CV registers record sales of 29,470 units in CY2022, up 25%

Daimler India Commercial Vehicles (DICV), the 100% subsidiary of Daimler Truck AG, today announced that despite supply chain headwinds and adverse cost environment, CY2022 ranks as one of its most successful business years since starting manufacturing operations in India. The Chennai-based OEM reported a revenue growth of 37% and a sales growth of 25% in… Continue reading Daimler India CV registers record sales of 29,470 units in CY2022, up 25%

Bittersweet times for two-wheeler makers

India’s two-wheeler industry is seeing some light at the end of the tunnel. But it is too soon to celebrate. After suffering the worst possible economic downturns in years, the industry registered double-digit growth in FY23, although on an abnormally low base. Some green shoots in terms of robust production cycles were visible at best in patches… Continue reading Bittersweet times for two-wheeler makers

CASE Construction Equipment to double its manufacturing capacity at Pithampur over next 3-4 years on back of robust demand

CASE Construction Equipment to double its manufacturing capacity at Pithampur over next 3-4 years on back of robust demand CASE New Holland Construction Equipment, a division of CNH Industrial Group, is planning to elevate its manufacturing capabilities to more than double over the next three to four years, in response to the Indian market’s transition… Continue reading CASE Construction Equipment to double its manufacturing capacity at Pithampur over next 3-4 years on back of robust demand

Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation

Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation MG Motor India, the British brand owned by China’s largest car maker Shanghai Automotive, is in advanced talks with homegrown steel major JSW Group for a stake sale. With its foreign direct investment proposal with the government of… Continue reading Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation