Posco Holdings’ shares jumped as much as 24% on Monday, the most on record, on strong quarterly profits and frenzied retail buying of stocks related to electric-vehicle batteries, Bloomberg reported. The stock also appears to have got a shot in the arm by short sellers rushing to cover their bearish bets. At the same time,… Continue reading Posco to invest US $92 billion to expand into EV battery production and hydrogen: Report
Author: Autocar_Professional India Online News
Hero to launch Karizma XMR 210 in India on August 29
Just days after a design patent of the new Karizma XMR 210 surfaced, the company has now announced that the all-new bike will be launched in India on August 29. The launch of the new Karizma XMR will mark the return of the Karizma name after over three years. At its peak, the Hero Honda… Continue reading Hero to launch Karizma XMR 210 in India on August 29
Lexus to enter used car market; first EV to roll out in India by 2025: PTI
Luxury carmaker Lexus from next year is looking to foray into the used car business in India, having now completed six years in the market, according to a top company official. The Japanese carmaker, which currently sells its product range through 23 touch points, aims to transition some of the sales outlets to also cater… Continue reading Lexus to enter used car market; first EV to roll out in India by 2025: PTI
Tata Punch CNG production commences, launch soon
The Tata Punch CNG will soon go on sale soon as sources tell us that its series production has begun. The Punch will be Tata Motors’ fourth product to get a CNG variant after the Tiago, Tigor and Altroz, and like the Altroz CNG, the micro SUV will also get the carmaker’s unique dual-cylinder setup that doesn’t eat into boot space. Tata Punch CNG… Continue reading Tata Punch CNG production commences, launch soon
Tata Motors inaugurates state-of-the-art vehicle scrapping facility in Bhubaneswar
Tata Motors today inaugurated its second Registered Vehicle Scrapping Facility (RVSF) in Bhubaneswar, Odisha. Named ‘Re.Wi.Re – Recycle with Respect’, this advanced facility was inaugurated by Smt Tukuni Sahu, Minister of Water Resources, Commerce & Transport, Government of Odisha. The state-of-the-art facility uses environmentally friendly processes and has the capacity to disassemble 10,000 end-of-life vehicles safely and… Continue reading Tata Motors inaugurates state-of-the-art vehicle scrapping facility in Bhubaneswar
JLR India achieves highest Q1 sales with 102% YoY growth
JLR India today reported its best Q1 sales performance with a growth of 102%, retailing a total of 1,048 units, in the first quarter of FY24 compared to the same period last year. This performance was enabled by a phenomenal growth of 209% in Range Rover, Range Rover Sport and Defender sales. The three models… Continue reading JLR India achieves highest Q1 sales with 102% YoY growth
Nexa accounts for 31% of Maruti Suzuki’s sales, retail channel completes 8 years of operation
Nexa, the premium outlet of Maruti Suzuki now accounts for almost a third of the company’s total sales. Celebrating eight years of Nexa in the country, Maruti Suzuki is aggressively pursuing the brand to grab the Number Two car retailer position in one year or so. The brand is well on its way to cross half… Continue reading Nexa accounts for 31% of Maruti Suzuki’s sales, retail channel completes 8 years of operation
Nexa accounts for 31% of Maruti Suzuki’s sales, retail channel completes 8 years of operation
Nexa, the premium outlet of Maruti Suzuki now accounts for almost a third of the company’s total sales. Celebrating eight years of Nexa in the country, Maruti Suzuki is aggressively pursuing the brand to grab the Number Two car retailer position in one year or so. The brand is well on its way to cross half… Continue reading Nexa accounts for 31% of Maruti Suzuki’s sales, retail channel completes 8 years of operation
Prioritising technology and drivers’ wellbeing: Key to enhance India’s logistics performance
Society of Indian Automobile Manufacturers (SIAM), the apex body of the automobile industry, organised the 9th SIAM Automotive Logistics Conclave, themed ‘Road to Sustainability: The Future of Automotive Logistics saw participation from several speakers including senior government officials, logistics heads of automobile companies, and experts from the automobile supply-chain industry. The first session was centred around “Automotive Logistics: Practices… Continue reading Prioritising technology and drivers’ wellbeing: Key to enhance India’s logistics performance
Mahindra Group to assist US companies to manufacture in India
As India ramps up efforts to revolutionise the global manufacturing and supply chain landscape, the Mahindra Group – one of India’s leading industrial enterprises – is poised to help American companies enhance their international footprint and expand by leveraging the advantages of India as a manufacturing hub. The Mahindra Group will support interested companies in… Continue reading Mahindra Group to assist US companies to manufacture in India