BorgWarner and Eldor Corporation have today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for 75 million euros (Rs 659 crore) at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS… Continue reading BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
Author: Autocar_Professional India Online News
BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
BorgWarner and Eldor Corporation have today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for 75 million euros (Rs 659 crore) at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS… Continue reading BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
FAME: SMEV writes to Minister of Commerce and Industry Piyush Goyal, seeking support for EV industry
The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) has in its latest communication reached out to the Minister of Commerce and Industry, Piyush Goyal. In the letter to the Minister, SMEV has sought support for the EV industry facing embargo on utilisation of FAME subsidy through official… Continue reading FAME: SMEV writes to Minister of Commerce and Industry Piyush Goyal, seeking support for EV industry
Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Switch Mobility, a Hinduja Group company and the next-generation carbon neutral electric bus and light commercial vehicle manufacturer, has delivered six Switch Solo Electric buses to Translink, Northern Ireland’s main public transport provider. Mahesh Babu, Chief Executive Officer –Switch Mobility said, ‘’With the UK electric bus market witnessing a steady growth, we are delighted to… Continue reading Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Switch Mobility, a Hinduja Group company and the next-generation carbon neutral electric bus and light commercial vehicle manufacturer, has delivered six Switch Solo Electric buses to Translink, Northern Ireland’s main public transport provider. Mahesh Babu, Chief Executive Officer –Switch Mobility said, ‘’With the UK electric bus market witnessing a steady growth, we are delighted to… Continue reading Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Switch Mobility, a Hinduja Group company and the next-generation carbon neutral electric bus and light commercial vehicle manufacturer, has delivered six Switch Solo Electric buses to Translink, Northern Ireland’s main public transport provider. Mahesh Babu, Chief Executive Officer –Switch Mobility said, ‘’With the UK electric bus market witnessing a steady growth, we are delighted to… Continue reading Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Delta Electronics signs definitive agreement to purchase TB&C for Euro 142 million
Delta Electronics, a power and thermal management solutions provider, has signed a definitive agreement to purchase TB&C for Euro 142 million from Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V. TB&C is a German hybrid technologies provider for mechanical components applied in automotive, industrial, and medical applications. The transaction is… Continue reading Delta Electronics signs definitive agreement to purchase TB&C for Euro 142 million
Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Helixx, a new UK-based global technology company, has selected the Siemens Xcelerator portfolio of industry software and services to assist the design, development, validation, delivery, and management of its innovative electric vehicle manufacturing system. Solutions from the Siemens Xcelerator portfolio have been chosen by Helixx to help realise its goal of supporting sustainable economic development… Continue reading Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Helixx, a new UK-based global technology company, has selected the Siemens Xcelerator portfolio of industry software and services to assist the design, development, validation, delivery, and management of its innovative electric vehicle manufacturing system. Solutions from the Siemens Xcelerator portfolio have been chosen by Helixx to help realise its goal of supporting sustainable economic development… Continue reading Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Maruti Suzuki opens bookings for Invicto at Rs 25,000
Maruti Suzuki has opened bookings for its new Invicto MPV for Rs 25,000, and customers can book it either on Maruti Suzuki’s website or through the Nexa chain of dealerships. The Invicto is a badge-engineered sibling of the Toyota Innova Hycross, and though the price announcement is on July 5, we expect it to be the first Maruti model… Continue reading Maruti Suzuki opens bookings for Invicto at Rs 25,000