Autocar_Professional India Online News – Page 1564

Ultraviolette to raise $120 million for expansion

TVS Motor Company backed Ultraviolette Automotive Pvt. Ltd. plans to raise $120 million to fund its vehicle development and expansion plan. The maker of F77 high performance electric bikes has commenced deliveries to customers from its manufacturing facility in Bengaluru. The funds will fuel the company’s global expansion plans and support its ongoing vehicle platform… Continue reading Ultraviolette to raise $120 million for expansion

Ultraviolette to raise $120 million for expansion

Yamaha begins trials for last-mile delivery business in Tanzania

Yamaha Motor Co announced today that its group company CourieMate Co has signed a collaborative agreement with Tokyo-based Wassha Co, a startup developing businesses in Africa, to commercialise a last-mile delivery business in Tanzania. Based on this agreement, the two companies are proceeding with real-world proof-of-concept (PoC) testing in the country. Yamaha Motor Group company… Continue reading Yamaha begins trials for last-mile delivery business in Tanzania

RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies

RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies Dehradun-based RP Group, which is known through its aftermarket car seat cover brand – Autoform – is likely to close FY2023 with overall revenues touching Rs 600 crore. The company, which dominates the aftermarket car seat cover industry… Continue reading RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies

Bosch and Nokia plan joint 6G research to integrate communications and sensors

Bosch and Nokia have announced that they will expand the alliance they entered into in 2017 to develop industrial IoT solutions in the area of 5G so that it also addresses the new 6G technology. The announcement was made at the Mobile World Congress 2023 in Barcelona. The two companies are conducting joint research on… Continue reading Bosch and Nokia plan joint 6G research to integrate communications and sensors

Volvo Cars to open new software development facility in Poland

Volvo Cars is to open a brand-new Tech Hub in Krakow, Poland’s second-largest city. The facility will be a key software development centre and play a crucial role in Volvo’s strategic ambition to be a fully electric brand by 2030 and a leader in new technology, not least through in-house software development. The Tech hub… Continue reading Volvo Cars to open new software development facility in Poland

Volvo Cars to open new software development facility in Poland

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports Pune-based Divgi Torqtransfer Systems, which bought out its joint venture partner BorgWarner in 2016, announced raising funds through an initial public offering (IPO) route in order to fund its expansion plans. Divgi, a supplier of system-level transfer cases, torque couplers,… Continue reading Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Shriram Automall’s 120-city SAMIL utsav generated over Rs 185 crore

During a day-long Utsav festival on Sunday, Shriram Automall India Limited (SAMIL), a major pre-owned marketplace for vehicles and equipment, generated business worth approximately Rs 185 crore. In a statement, the company claimed that footfalls surpassed 25,000 on its 12th business anniversary, which was held in over 120 cities across the nation. Approximately 7500 vehicles, equipment,… Continue reading Shriram Automall’s 120-city SAMIL utsav generated over Rs 185 crore