Mahindra Automotive has released an official statement regarding the XUV700 SUV that caught fire on the Jaipur National Highway recently. The company stated that it has conducted an investigation and initial findings reveal that the wiring of the car was tampered with, which could have led to the fire. Mahindra XUV700 fire: the incident In a Twitter post on May 21,… Continue reading Tampered wiring caused XUV700 fire, says Mahindra
Author: Autocar_Professional India Online News
Volvo Group launches AR safety app for electric trucks
Volvo Group has become the first truck manufacturer to launch an Augmented Reality (AR) safety app for electric trucks, designed specifically to support first responders in an emergency. The app is developed to deliver instant, valuable information from the electric truck to the emergency services team arriving on the scene to guide them in real-time… Continue reading Volvo Group launches AR safety app for electric trucks
Volvo Group launches AR safety app for electric trucks
Volvo Group has become the first truck manufacturer to launch an Augmented Reality (AR) safety app for electric trucks, designed specifically to support first responders in an emergency. The app is developed to deliver instant, valuable information from the electric truck to the emergency services team arriving on the scene to guide them in real-time… Continue reading Volvo Group launches AR safety app for electric trucks
JLR targets Silicon Valley and Israel start-ups, partners TCS to accelerate innovation
JLR has marked the first anniversary of its Open Innovation programme by announcing the expansion of its global presence, into Israel and Silicon Valley, USA after successful growth of ecosystems in the UK and Brazil. In the past year, the Open Innovation programme has engaged with over 600 start-ups globally, resulting in 27 co-creation projects.… Continue reading JLR targets Silicon Valley and Israel start-ups, partners TCS to accelerate innovation
Hyundai Motor Group participates in Israel’s largest start-up event, inks MoU
Hyundai Motor Group has signed a Memorandum of Understanding (MoU) for a strategic partnership with the Israel Innovation Authority at EcoMotion Week 2023 in Tel Aviv. At the 11th annual event, held on May 23, Heung-soo Kim, Executive Vice-President and Head of the Global Strategy Office (GSO), delivered a keynote speech on ‘Hyundai Innovation in Israel.’ … Continue reading Hyundai Motor Group participates in Israel’s largest start-up event, inks MoU
Ashok Leyland to spend ‘normal’ capex of Rs 600-750 crore in FY24 after two years of tightening
Chennai-based Ashok Leyland, a flagship company of Hinduja Group, hopes to return to its ‘normal’ capex spending of around Rs 600–Rs 750 crore in FY24, as opposed to the rather tightening done in FY23 and FY22, when the company incurred Rs 500 crore and Rs 400 crore, respectively. The company’s corresponding capex was Rs 617 crore… Continue reading Ashok Leyland to spend ‘normal’ capex of Rs 600-750 crore in FY24 after two years of tightening
Varroc Engineering bags Rs 5,178 crore in new order wins, including Rs 1,797 crore from key seven EV customers
Varroc Engineering, a tier-1 automotive component supplier, announced new orders worth over Rs 5178 crore during FY23 on Tuesday. Out of the total, business wins from seven prominent EV customers were at Rs 1,796.8 crore. About 56% of the order wins came from four-wheelers, while the remaining 44% were contributed by two- and three-wheelers, the… Continue reading Varroc Engineering bags Rs 5,178 crore in new order wins, including Rs 1,797 crore from key seven EV customers
Lumax Auto Technologies Aftermarket Division enters lubricant and coolants market
Lumax Auto Technologies (LATL), a Tier-1 diversified automotive systems and components manufacturer, has launched Lubricants and Coolants for all vehicle segments in the domestic aftermarket. Owing to the automotive industry’s significant growth, there is a rapid potential and demand that is witnessed for High performance and energy-efficient Lubricants and Coolants in the Indian automotive market. Addressing this emerging… Continue reading Lumax Auto Technologies Aftermarket Division enters lubricant and coolants market
Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital
Continental has sold its plant in Kaluga, Russia, to Russian company S8 Capital. With this step, Continental has divested the majority of its activities in Russia as part of its announced controlled withdrawal from the Russian market – a decision taken by the technology company in response to the Russia Ukraine conflict. The transaction has been… Continue reading Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital
Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects
Tata Motors Finance has launched its first dedicated IT Infrastructure Development Centre in Pune, to leverage the city’s ttechnology ecosystem and establish a centralised tech solution hub for Tata Motors Finance’s digital transformation initiatives. The centre was inaugurated by Samrat Gupta, MD and CEO of Tata Motors Finance, along with Neeloy Majumder, Chief Digital and… Continue reading Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects