Autocar_Professional India Online News – Page 1544

Porter announces leadership restructuring

Porter, a tech-based, on-demand logistics company, has restructured its key leadership. Working towards the core purpose of ‘Moving a billion dreams, one delivery at a time’, Uttam Digga, Co-founder of Porter, assumes the role of Chief Executive Oﬃcer, while Pranav Goel, transitions to the role of Executive Vice Chairman. Shruti Ranjan Satpathy gets additional responsibility… Continue reading Porter announces leadership restructuring

Magenta Mobility appoints Vishal Sharma as National Head – Asset

With a track record spanning over 14 years, Vishal Sharma brings valuable expertise in Fleet Management, OEM Relationships, and Vehicle Asset Management, having led roles at brands such as Ola Electric, Ola Fleet Technologies, Hyundai, and Mahindra Navistar. Magenta Mobility, an integrated Electric Mobility solutions provider, has announced the appointment of Vishal Sharma as its… Continue reading Magenta Mobility appoints Vishal Sharma as National Head – Asset

SAIC Motor joins hands with Audi to develop electric vehicles

SAIC Motor, China’s largest carmaker, announced on July 27 that it signed an MoU (Memorandum of Understanding) with German carmaker Audi on jointly developing intelligent and electric vehicles. According to the MoU, both sides will leverage their respective advantages and strengths to speed up Audi’s development of new electric vehicles in order to meet the… Continue reading SAIC Motor joins hands with Audi to develop electric vehicles

SAIC Motor joins hands with Audi to develop electric vehicles

Foxconn to invest US$600 mn in Karnataka for components, chipmaking machinery

Taiwanese firm Foxconn will invest US$ 600 million in two manufacturing projects in Karnataka, including one which will be a partnership with U.S.-based Applied Materials, a state government statement said, as reported by Reuters. The company will invest US$ 350 million for manufacturing components for smartphones, including for iPhones. It will also invest US$ 250… Continue reading Foxconn to invest US$600 mn in Karnataka for components, chipmaking machinery

BYD faces investigation for underpaying tax in India: Report

Chinese automaker BYD is facing an ongoing Indian investigation on allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two persons in the know told Reuters. One source informed the newswire that the country’s Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax… Continue reading BYD faces investigation for underpaying tax in India: Report

BYD faces investigation for underpaying tax in India: Report

Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024

Wardwizard Innovations & Mobility, an electric vehicle manufacturer under the brand ‘Joy e-bike’, announced its financial results for the first quarter (April- June 2023) of FY24. The company reported a standalone revenue of Rs 37.8 crore, and profit of Rs 1.73 crore. The company which recently opened 12 distributor showrooms in 11 cities pan India,… Continue reading Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024

Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024

Erisha e-mobility joins hands with MAHAPREIT to develop green hydrogen, EV and other technologies under renewable energy project

Erisha E Mobility, a part of the Rana Group Ventures, has collaborated as a knowledge partner with the Mahatma Phule Renewable Energy and Infrastructure Technology Limited, (MAHAPREIT), to promote and develop green hydrogen, electric vehicles, and solar/wind park technology under the renewable energy project. MAHAPREIT, a subsidiary of MPBCDC, Government of Maharashtra, is engaged in… Continue reading Erisha e-mobility joins hands with MAHAPREIT to develop green hydrogen, EV and other technologies under renewable energy project