Autocar_Professional India Online News – Page 1544

ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp’s Munjal, some others: PTI

Foreign and Indian currencies and gold and diamond jewellery worth about Rs 25 crore apart from “incriminating” documents were seized after raids on Hero MotoCorp executive chairperson Pawan Kant Munjal and some others, the Enforcement Directorate said on Wednesday, PTI reported. The federal agency raided the residence and offices of the 69-year-old billionaire businessman, the… Continue reading ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp’s Munjal, some others: PTI

Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent

Hyundai Motor Group today announced a strategic investment in Tenstorrent, an artificial intelligence (AI) semiconductor company based in Toronto, Canada, which will allow the Group to integrate AI into future Hyundai, Kia and Genesis vehicles, and other future mobilities, including robotics and advanced air mobility (AAM). Hyundai Motor Company and Kia Corporation will invest US$… Continue reading Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent

Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent

Hyundai Group to use Qualcomm’s Snapdragon cockpit platforms for PBV infotainment

Qualcomm Technologies has announced a technology collaboration with Hyundai Motor Group in the area of purpose-built vehicles (PBVs). Designed to serve as a future mobility solution from the Hyundai Motor Group, the PBVs are engineered to provide transportation services, as well as additional services that cater to the diverse needs of individuals, such as comfort,… Continue reading Hyundai Group to use Qualcomm’s Snapdragon cockpit platforms for PBV infotainment

Multi-stakeholder report on road safety prioritises tech implementation in school buses, hazardous materials-carrying vehicles

Global business advisory firm FTI Consulting today released a multi-stakeholder report and road safety policy recommendations paper titled ‘Making Roads Safer in Indian Cities.’ The whitepaper prioritises the adoption of road-safety-related technological solutions in school buses and hazardous materials (HazMat)-carrying commercial vehicles in India. The report and paper are based on inputs and participation of the various stakeholders of the… Continue reading Multi-stakeholder report on road safety prioritises tech implementation in school buses, hazardous materials-carrying vehicles

Pricol Q1 net profit up 55% at Rs 32 crore

Coimbatore-based auto component maker Pricol reported 55% growth in its consolidated net profit to Rs 31.9 crore for the April-June quarter (Q1 FY24). The company had registered a standalone profit of Rs 20.6 crore in the corresponding quarter of the previous year. According to Vikram Mohan, Managing Director of Pricol, the numbers are also higher than the revenue… Continue reading Pricol Q1 net profit up 55% at Rs 32 crore

Karnataka Government and IBC ink pact to set up recyclable lithium-ion battery plant: PTI

The Karnataka government and US-based International Battery Company (IBC) on Tuesday signed an MoU (Memorandum of Understanding), to set up a recyclable Lithium-ion battery manufacturing unit with an outlay of Rs 8,000 crore (US $ 1 billion) in the state, PTI reported. IBC India, President Venkatesh Valluri and Principal Secretary for Department of Commerce and… Continue reading Karnataka Government and IBC ink pact to set up recyclable lithium-ion battery plant: PTI

Lord’s Mark Industries and KAL (Govt of Kerala undertaking) sign JV agreement for Electric Vehicles

Lord’s Mark Industries, a diversified group, has announced a joint venture with Kerala state-owned Kerala Automobiles Ltd (KAL) to spearhead the manufacturing of 2-wheelers – electric scooters and bikes, 3-wheelers – passenger and loader. The strategy behind the partnership focuses on the latest planning for two-wheeler and three-wheeler electric vehicles to be manufactured at the… Continue reading Lord’s Mark Industries and KAL (Govt of Kerala undertaking) sign JV agreement for Electric Vehicles

CEAT flags-off Historic 22,000km overland expedition from India to Siberia

CEAT, India’s leading tyre manufacturer, has announced the title sponsorship of the extreme overland pioneers, Wander Beyond Boundaries (WBB), as they embark on a historic 22,000km overland drive from Mumbai, India to Magadan, traversing 5 countries and 6 time zones. The flag-off ceremony was done by Arnab Banerjee, MD and CEO, CEAT, at RPG House,… Continue reading CEAT flags-off Historic 22,000km overland expedition from India to Siberia