Electric vehicles are a focal point for SUV maker Jeep in India and it is evaluating different options, before finalising its plans for the domestic market. Jeep India, a part of the automobile group Stellantis, has said that the company is aiming for more than 90% localisation in its compact SUV Jeep Compass, over the… Continue reading Jeep finalising EV strategy for India, looks to increase localisation: PTI
Author: Autocar_Professional India Online News
Limited edition Audi Q5 launched at Rs 69.72 lakh
Audi has launched a limited-edition version of the Q5 SUV at Rs 69.72 lakh (ex-showroom, India). This special edition Q5 costs Rs 1.5 lakh more than the Technology trim (Rs 68.22 lakh) it is based on, and will be available in limited numbers. Audi Q5 limited edition: what’s new?The Q5 limited edition is only available with the Mythos… Continue reading Limited edition Audi Q5 launched at Rs 69.72 lakh
Mahindra Group to award education scholarships to truck drivers’ daughters
Mahindra Truck and Bus Division, a part of the Mahindra Group, will award scholarships to the daughters of truck drivers, through the Mahindra Saarthi Abhiyaan, as a part of Truck Drivers’ Day, celebrated on 17 September. Mahindra is one of the first commercial vehicle manufacturers to pioneer this initiative, according to a press release. The selected candidates with get a scholarship of Rs… Continue reading Mahindra Group to award education scholarships to truck drivers’ daughters
Honeywell’s automation and digitalisation technologies to support American Battery Factory’s new gigafactory
Honeywell (NASDAQ: HON) today announced that American Battery Factory (ABF), a Lithium Iron Phosphate (LFP) battery cell manufacturer, is fully integrating Honeywell’s automation and process safety solutions in its new gigafactory located in Tucson, Arizona. At approximately 2 million square feet, the facility will be the largest gigafactory to produce LFP battery cells in the… Continue reading Honeywell’s automation and digitalisation technologies to support American Battery Factory’s new gigafactory
Hyundai Motor Group’s Genesis luxury brand clocks a million sales worldwide
The Genesis luxury car brand from Hyundai Motor Group is celebrating one million global car sales. Over 690,000 cars have been sold in Korea so far and almost 320,000 units to customers globally. The brand has surpassed the million-unit milestone less than eight years after its initial launch as Korea’s first luxury brand in November… Continue reading Hyundai Motor Group’s Genesis luxury brand clocks a million sales worldwide
Toyota Kirloskar Motor opens new facility in North east
Toyota Kirloskar Motor has opened its 24th customer touchpoint in the North East region in Tezpur, Assam. The new facility named Aditya Toyota, is spread across 37,000 square feet, and offers state of the art facilities including Sales (1S) and Service and Spares (S2). Varinder Kumar Wadhwa, General Manager, Toyota Kirloskar Motor stated, “The new outlet… Continue reading Toyota Kirloskar Motor opens new facility in North east
Sona Comstar raises capex to Rs 1,200 crore for EV biz
Gurugram, India-based global automotive systems and components manufacturer Sona Comstar has increased its capital expenditure by Rs 100 crore, bringing the total close to Rs 1,200 crore over the next three years. This development occurs at a time when the company’s net orderbook has increased to Rs 22,000 crore, with approximately 78 percent of the… Continue reading Sona Comstar raises capex to Rs 1,200 crore for EV biz
Uno Minda: Early entrant in EV biz is now a market leader
Gurugram-based Uno Minda has one of the largest ancillary product portfolios for the automotive industry with products like switches, lighting, acoustics, alloy wheels, die-casting, and seating among others. With the inclusion of orders finalised in the first quarter (April-June) of this fiscal year, the current order book for Uno Minda stands at more than Rs… Continue reading Uno Minda: Early entrant in EV biz is now a market leader
JK Tyre rating upgraded ‘CARE A+’ by CARE Ratings
CARE Ratings has upgraded JK Tyre’s Long-Term Issuer Rating to CARE A+ from ‘CARE A’. The rating takes into account the improved operational and financial performances of the company in FY23, as characterised by increasing scale of operations, better working capital management and improved leverage and coverage indicators, which is expected to sustain going forward… Continue reading JK Tyre rating upgraded ‘CARE A+’ by CARE Ratings
‘Our aim is to have a presence and a lion’s share in the demand segments’
After making an early entry and gearing itself to cater to the growing demand for EV components from the electric two- and three-wheeler segments, the Gurugram-headquartered Tier I components giant is eyeing stabilising its operations and targeting vertical growth in the near- to mid-term future. The company is bullish about the growing demand for high-value… Continue reading ‘Our aim is to have a presence and a lion’s share in the demand segments’