Tesla representatives are slated to meet India’s Commerce Minister this month, to talk about plans to build a factory to manufacture what it has called an all new US $ 24,000 car, a source informed Reuters. Tesla has evinced interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the… Continue reading Tesla to discuss factory plan for new US $24,000 car with India’s Commerce Minister: Report
Author: Autocar_Professional India Online News
Mahindra Logistics posts Rs 8.30 crore net loss on 97% YoY decline in supply-chain-management segmental profit
Mahindra Logistics, an integrated logistics and mobility solutions provider for the automotive and other industries, reported a net loss of Rs 8.30 crore in Q1 FY24. This was due to a steep 97% dyear on year ecline in the company’s supply chain management (SCM) segmental profit. The SCM segment, which constitutes more than 94% of… Continue reading Mahindra Logistics posts Rs 8.30 crore net loss on 97% YoY decline in supply-chain-management segmental profit
GreenCell Mobility secures Rs 3,000 crore debt funding from REC, for sustainable transportation services
GreenCell Mobility, a pan-India shared electric mobility player, has signed a Memorandum of Understanding (MoU) with REC, a Maharatna Central Public-sector enterprise, for a commitment of Rs 3,000 crore, for sustainable transportation in the country. Rural Electrification Fund will offer crucial financial assistance in the form of debt funding to support the company’s projects. The… Continue reading GreenCell Mobility secures Rs 3,000 crore debt funding from REC, for sustainable transportation services
Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Amid rising challenges on the FAME-II subsidy and its resultant violations and penalty, multiple electric vehicle companies may be forced to file for bankruptcy. As the deadline for penalties looms, three out of the seven OEMs Hero Electric, Benling Motors and Ammo Mobility, have requested the Prime Minister’s Office (PMO) to press the Ministry of… Continue reading Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Amid rising challenges on the FAME-II subsidy and its resultant violations and penalty, multiple electric vehicle companies may be forced to file for bankruptcy. As the deadline for penalties looms, three out of the seven OEMs Hero Electric, Benling Motors and Ammo Mobility, have requested the Prime Minister’s Office (PMO) to press the Ministry of… Continue reading Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Amid rising challenges on the FAME-II subsidy and its resultant violations and penalty, multiple electric vehicle companies may be forced to file for bankruptcy. As the deadline for penalties looms, three out of the seven OEMs Hero Electric, Benling Motors and Ammo Mobility, have requested the Prime Minister’s Office (PMO) to press the Ministry of… Continue reading Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Foxconn and ZF join forces for passenger car chassis systems business
ZF Friedrichshafen AG (ZF Group), one of the world’s largest automotive suppliers, and Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer, today announced a 50-50 partnership in passenger car chassis systems, a key move aimed at accelerating and expanding automotive and supply chain opportunities with top-tier customers. Foxconn will acquire a 50-percent stake… Continue reading Foxconn and ZF join forces for passenger car chassis systems business
TVS Motor Q1 PAT up 49% at Rs 441 crore
TVS Motor, India’s second-largest two-wheeler manufacturer, reported a 48.7 percent jump in its consolidated net profit at Rs 441.47 crore for the first quarter ended June 30. The company posted a Rs 296.75 crore net profit for the same period a year ago. Meanwhile, the company’s revenue also grew by 24.41 percent in Q1 FY24… Continue reading TVS Motor Q1 PAT up 49% at Rs 441 crore
Valtech expands India operations, introduces Valtech Mobility
Valtech, a global business transformation agency, has announced the expansion of its operations in India by introducing Valtech Mobility, a leading provider of mobility and automotive solutions. Valtech’s Automotive Mobility Center of Excellence (CoE) in Pune, India will bring expertise in connected vehicles, shared mobility, electrification, and data monetisation to regional and global customers. It will… Continue reading Valtech expands India operations, introduces Valtech Mobility
Bajaj Finance Limited Auto Finance wheels in faster, easier lending journeys with Salesforce
Rahul has his heart set on buying the new Bajaj Pulsar bike. But first, he needs to apply for a bike loan. In the past, that used to be a long-drawn-out process, rife with paperwork. But now, thanks to lenders like Bajaj Finance Limited Auto Finance (BFL-AF), Rahul can get a loan offer in minutes.… Continue reading Bajaj Finance Limited Auto Finance wheels in faster, easier lending journeys with Salesforce