Autocar_Professional India Online News – Page 1544

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

BorgWarner secures contract to supply HV coolant heaters to an OEM for its EV platforms

BorgWarner has secured a contract with a global automotive thermal and energy management solutions supplier to deliver high voltage coolant heaters (HVCH) for use on a series of three electric vehicle platforms for a major OEM. The heater will be added to the supplier’s heating and cooling module and will be used to provide heat… Continue reading BorgWarner secures contract to supply HV coolant heaters to an OEM for its EV platforms

Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch

The Maruti Suzuki Alto has become India’s highest selling car, having clocked cumulative sales of 45 lakh or 4.5 million units. The latest milestone for the small car comes 23 years after it was launched. The Alto saw strong consumer acceptance soon after its launch and by 2004 it had become the best-selling car in… Continue reading Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch

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