Autocar_Professional India Online News – Page 1563

February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick

Despite a sustained positive demand across segments in February, as per analysts, auto retails are expected to witness a moderate drop in customer inquiries sequentially, especially in the passenger vehicles (PV) and commercial vehicles (CV) segments. According to a Motilal Oswal report, there has been an 8-10 percent drop in the enquiries across PV OEMs,… Continue reading February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick

February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick

TVS Apache sells over 5 million units worldwide in 18 years since launch

TVS Motor Company has announced a new sales milestone for its Apache series of premium motorcycles. First launched in 2005, the Apache brand has a presence in over 60 countries worldwide. Having surpassed the four-million global sales mark in October 2020 with four variants, the last million-unit sales have come in just 27 months. The… Continue reading TVS Apache sells over 5 million units worldwide in 18 years since launch

Tata Motors opens first vehicle scrappage facility in Jaipur

Tata Motors today took a significant leap forward in its commitment towards sustainable mobility with the launch of Re.Wi.Re – Recycle with Respect, its first Registered Vehicle Scrapping Facility (RVSF) in Jaipur, Rajasthan. Inaugurated by Union Minister of Road Transport and Highways, Nitin Gadkari, this state-of-the-art facility has a capacity of 15,000 vehicles per annum and deploys world-class, eco-friendly… Continue reading Tata Motors opens first vehicle scrappage facility in Jaipur

Tata Motors opens first vehicle scrappage facility in Jaipur

Commercial Vehicle financing to bounce back on the backdrop of pick up in sales

On the backdrop of growth in commercial vehicle (CV) sales, CV financing is also expected to bounce back. Interestingly, the used CV segment, largely dominated by Non-Banking Finance Companies (NBFCs), can clock a stable growth rate despite headwinds in the last few years. It may be noted, the growth of CV sector remains primarily dependent… Continue reading Commercial Vehicle financing to bounce back on the backdrop of pick up in sales

International Tractors arm, Solis acquires Germany-based Wheel loader specialist Thaler GmbH for Rs 200 crore

International Tractors arm, Solis acquires Germany-based Wheel loader specialist Thaler GmbH for Rs 200 crore Netherlands-headquartered Solis Tractors & Agricultural Machinery, which is a part of International Tractors Limited (ITL), has acquired Germany-based Thaler GmbH & CO KG to widen ITL’s portfolio with wheel loaders and complement its already existing widest tractor range. The entire… Continue reading International Tractors arm, Solis acquires Germany-based Wheel loader specialist Thaler GmbH for Rs 200 crore

Pininfarina appoints Felix Kilbertus as its new chief creative officer

Pininfarina has appointed renowned automotive designer Felix Kilbertus as its new Chief Creative Officer. He will be the creative and strategic guide at a Group level on all aspects of Design (Mobility, Product & Experience Design and Architecture). Effective April 17, 2023, Felix succeeds Kevin Rice, who left the company last December. Reporting directly to… Continue reading Pininfarina appoints Felix Kilbertus as its new chief creative officer

Nissan begins all-electric heavy-duty truck trials in the US

Nissan is now using two battery electric vehicle (BEV) heavy-duty, Class 8 trucks to deliver new vehicles from the Port of Los Angeles to dealerships in the Los Angeles region. Two major manufacturers of electric heavy-duty trucks, Nikola and Kenworth, will each provide trucks that will pull traditional car haulers. The program is being conducted… Continue reading Nissan begins all-electric heavy-duty truck trials in the US