Chennai-based Ashok Leyland, which hasn’t been able to find the right investors for its electric vehicle (EV) arm, Switch Mobility, so far, says that it is looking at all of its options for the same. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said during a post-result conference call with the media, that the company’s EV business under… Continue reading With a fund raise on a slow track, Ashok Leyland to fund Switch Mobility’s growth plans
Author: Autocar_Professional India Online News
ArcelorMittal and Gestamp to produce recycled steel for automakers
ArcelorMittal Europe – Flat Products and Tier 1 automotive supplier Gestamp have signed a ‘circularity agreement’ aimed at strengthening environmental sustainability throughout the industrial supply chain. The agreement involves jointly designing and implementing a circularity scheme that will enhance the recycling of steel between Gestamp and ArcelorMittal and ultimately, offer benefits obtained to their automotive… Continue reading ArcelorMittal and Gestamp to produce recycled steel for automakers
Mahindra Roxor to be back on sale in US
Since its launch in the United States, back in 2018, Mahindra’s Roxor off-roader has been facing multiple lawsuits by Fiat Chrysler Automobiles (FCA) – Stellantis, over its Jeep-like design. In a recent development, Mahindra has said that it has got the clearance to manufacture and sell the Roxor with the design update that debuted post 2020. In… Continue reading Mahindra Roxor to be back on sale in US
TORK Motors inaugurates first experience zone in Jaipur
Electric motorcycle manufacturer, TORK Motors, has inaugurated its first Experience Zone in Jaipur announcing its entry into the state of Rajasthan. Located at G1-G4, Gitanjali Towers, Ajmer Road, Sodala, this 3S facility will be home to the brand’s KRATOS-R motorcycle and will offer sales and after sales services to consumers in the region. Kapil Shelke, Founder and CEO, TORK Motors, said, “This Experience… Continue reading TORK Motors inaugurates first experience zone in Jaipur
TORK Motors inaugurates first experience zone in Jaipur
Electric motorcycle manufacturer, TORK Motors, has inaugurated its first Experience Zone in Jaipur announcing its entry into the state of Rajasthan. Located at G1-G4, Gitanjali Towers, Ajmer Road, Sodala, this 3S facility will be home to the brand’s KRATOS-R motorcycle and will offer sales and after sales services to consumers in the region. Kapil Shelke, Founder and CEO, TORK Motors, said, “This Experience… Continue reading TORK Motors inaugurates first experience zone in Jaipur
CEAT partners with Marangoni to offer tyre retreading solutions in India for trucks and buses
Tyre maker CEAT has entered into a strategic partnership with Italian company Marangoni, to offer tyre retreading solutions in the country. Through this partnership, CEAT and Marangoni aim to expand their franchisee network. By combining CEAT’s high-quality tyre casings with Marangoni’s advanced retreading technology, the firms hope to offer customers a solution that offers extended… Continue reading CEAT partners with Marangoni to offer tyre retreading solutions in India for trucks and buses
Ashok Leyland sees export growth rebounding by year-end, but geopolitics a wild card
Ashok Leyland, which witnessed a marginal reduction in its exports during Q1 FY24, expects the growth to bounce back by the end of the year on the back of several initiatives the company is taking in the SAARC, Middle East, and African markets. Significantly, a lot will also depend on how the geopolitical situation pans out,… Continue reading Ashok Leyland sees export growth rebounding by year-end, but geopolitics a wild card
Ashok Leyland sees export growth rebounding by year-end, but geopolitics a wild card
Ashok Leyland, which witnessed a marginal reduction in its exports during Q1 FY24, expects the growth to bounce back by the end of the year on the back of several initiatives the company is taking in the SAARC, Middle East, and African markets. Significantly, a lot will also depend on how the geopolitical situation pans out,… Continue reading Ashok Leyland sees export growth rebounding by year-end, but geopolitics a wild card
Audi and SAIC join forces for EV development
Audi and Shanghai Automotive Industry Corporation (SAIC) have agreed to co-operate on electric vehicle development in a move aimed at strengthening their respective positions in the Chinese car market, according to a statement made by the Chinese state-owned car maker on Thursday. The announcement of the agreement comes after Audi entered into talks with SAIC – owner of MG… Continue reading Audi and SAIC join forces for EV development
Audi and SAIC join forces for EV development
Audi and Shanghai Automotive Industry Corporation (SAIC) have agreed to co-operate on electric vehicle development in a move aimed at strengthening their respective positions in the Chinese car market, according to a statement made by the Chinese state-owned car maker on Thursday. The announcement of the agreement comes after Audi entered into talks with SAIC – owner of MG… Continue reading Audi and SAIC join forces for EV development