Maruti Suzuki India Limited (MSIL) will take over the reins of the Gujarat plant from Suzuki Motor Corporation, thereby terminating the contract manufacturing agreement between the two partners. Maruti Suzuki’s first born-EV being jointly developed with Toyota (codename: YV8) is slated to roll out from this plant by 2025. The plant takeover has been approved by the companies’… Continue reading Maruti to manufacture EVs for Toyota, Suzuki for global markets
Author: Autocar_Professional India Online News
Hero tops bike, scooter sales chart in July 2023, Honda a close second
Sales figures for the six heavyweights in the Indian two-wheeler market are out for July 2023, and here’s how each company fared. Hero MotoCorp: 3,71,204 units Despite recording a 12.19 percent decline compared to its June 2023 sales figure (4,22,757 units), Hero continues to lead the market. The company also reported a 13.81 percent decline when compared… Continue reading Hero tops bike, scooter sales chart in July 2023, Honda a close second
JBM Auto Q1 net profit up 18% at Rs 30.17 crore
JBM Auto, a manufacturer of buses, spare parts, accessories, and sheet metals, reported an 18.2% increase in its net profit to Rs 30.17 crore in the April-June quarter, as compared to Rs 25.53 crore in Q1 FY23. During the quarter under review, the company’s sales including other operating income, stood at Rs 946.22 crore compared… Continue reading JBM Auto Q1 net profit up 18% at Rs 30.17 crore
Autocar Professional’s August 1, 2023, issue is out!
This super 96-pager is power packed with news, features, interviews and technology articles that will keep you up to date on developments in the Indian and global automotive sector. The highlight of the issue is about the race for electric vehicles (EV) in India and how billions of dollars are lined up in the world’s… Continue reading Autocar Professional’s August 1, 2023, issue is out!
Autocar Professional’s August 1, 2023, issue is out!
This super 96-pager is power packed with news, features, interviews and technology articles that will keep you up to date on developments in the Indian and global automotive sector. The highlight of the issue is about the race for electric vehicles (EV) in India and how billions of dollars are lined up in the world’s… Continue reading Autocar Professional’s August 1, 2023, issue is out!
Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Mahindra & Mahindra – India’s number two SUV maker in terms of volumes and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company. Temasek will invest Rs 1,200 crore in the form of… Continue reading Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Toyota Kirloskar Motor unveils all new Vellfire in India at Rs 1.20 crore
Toyota has launched the next-gen Vellfire MPV in India at Rs 1.20 crore (ex-showroom, India). A sister product to the more luxuriously appointed Lexus LM, the new Vellfire is offered in two variants – Hi and VIP – where the latter gets the Executive Lounge package. The carmaker has launched the Vellfire sooner than the anticipated timeline of September 2023. In… Continue reading Toyota Kirloskar Motor unveils all new Vellfire in India at Rs 1.20 crore
Medikabazaar partners with B:Live to offer EV delivery options
B:Live, a growing multi-brand EV platform, has partnered with Medikabazaar – India’s medical marketplace, to help the latter adopt EVs for its delivery operations. The first batch of EV 2Ws has been delivered to their respective hubs inMumbai, Pune, Hyderabad, Bengaluru, Kolkata, Delhi-NCR, Gurgaon, and Ahmedabad. These locations will ensure overall accessibility and convenience for… Continue reading Medikabazaar partners with B:Live to offer EV delivery options
Medikabazaar partners with B:Live to offer EV delivery options
B:Live, a growing multi-brand EV platform, has partnered with Medikabazaar – India’s medical marketplace, to help the latter adopt EVs for its delivery operations. The first batch of EV 2Ws has been delivered to their respective hubs inMumbai, Pune, Hyderabad, Bengaluru, Kolkata, Delhi-NCR, Gurgaon, and Ahmedabad. These locations will ensure overall accessibility and convenience for… Continue reading Medikabazaar partners with B:Live to offer EV delivery options
SIAM drives circular economy with an extended producer responsibility seminar
In order to drive a circular economy, the Society of Indian Automobile Manufacturers (SIAM), the apex automotive industry body, organised a seminar on ‘Achieving Circularity in the Automotive Industry through Extended Producer Responsibility (EPR)’. The seminar emphasised how effective EPR implementation can contribute to an Aatmanirbhar Bharat, Circular Economy, Decarbonisation, LiFE (Lifestyle for Environment), and achieve… Continue reading SIAM drives circular economy with an extended producer responsibility seminar