Autocar_Professional India Online News – Page 1574

Tata Motors’ group global sales rise by 5% in Q1FY24

Tata Motors’ Group global sales rose by 5% in Q1FY24, including Jaguar Land Rover at 3,22,159 units, as compared to the year ago period. Global wholesales of Tata Motors passenger vehicles (including EVs), in Q1FY24 stood at 1,40,450 units, higher by 8% as compared to Q1FY23. The global wholesales of all Tata Motors’ commercial vehicles… Continue reading Tata Motors’ group global sales rise by 5% in Q1FY24

Tata Motors’ group global sales rise by 5% in Q1FY24

Toyota Rumion MPV to be launched in India by September

Toyota will introduce the Maruti Ertiga-based Rumion MPV in India around September this year. The carmaker already sells the Rumion in markets like South Africa, and, like its export version, the Indian model too will be built and supplied by Maruti Suzuki. Toyota Rumion: another rebadged Maruti The Rumion went on sale in South Africa in early October 2021, with the manufacturer… Continue reading Toyota Rumion MPV to be launched in India by September

Motherson enters into agreement to fully acquire Rollon Hydraulics

Samvardhana Motherson (SAMIL) has entered into an agreement to acquire a 100% stake in Rollon Hydraulics (Rollon). This acquisition will create further organic growth opportunities through an increase in the global share of business with existing and new customers. Rollon is engaged in manufacturing, assembly, and supply of high precision turned parts, spools, and other… Continue reading Motherson enters into agreement to fully acquire Rollon Hydraulics

Ola Electric’s battery and cell manufacturing facility to be functional in 6 to 9 months

Ola Electric will begin production of its first electric battery cell manufacturing facility in 2023-24, in an attempt to reduce dependence on high-cost imports. The company’s first NMC (Nickel Manganese Cobalt) battery cell 2170 cell will be ready by the end of this year or early next year, company officials informed Autocar Professional. Ola Electric’s Chief Business Officer… Continue reading Ola Electric’s battery and cell manufacturing facility to be functional in 6 to 9 months

Ola Electric’s battery and cell manufacturing facility to be functional in 6 to 9 months

JLR sales up 29 percent in Q1 FY2024, ramped-up production cuts order backlog

JLR, previously known as Jaguar Land Rover, today reported increased sales for the first quarter of FY2024 (April-June 2023) compared to a year ago, reflecting continuing improvement in chip and other supply constraints. Wholesale volumes for the first quarter were 93,253 units (excluding the Chery Jaguar Land Rover China JV), up 30% compared to… Continue reading JLR sales up 29 percent in Q1 FY2024, ramped-up production cuts order backlog

Daimler India to expand plant capacity by 25%, take the output to 50,000 units

Operating at 100% capacity, Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG, Germany, is looking to expand its production capacity at its plant in Oragadam, Chennai by 20-25%. The plant currently has a total capacity of 36,000 units in two shifts, DICV is looking to increase this to 45,000–50,000 units in… Continue reading Daimler India to expand plant capacity by 25%, take the output to 50,000 units

Lectrix EV introduces instant loan eligibility tool

Lectrix EV, the electric vehicle brand from the SAR Group, has launched a feature to check instant loan eligibility for any two-wheeler on its website lectrixev.com, without a paywall attached to the process. This tool is designed to streamline EV adoption in India, providing time-saving and anxiety-reducing features while enabling customers to make instant purchase decisions. … Continue reading Lectrix EV introduces instant loan eligibility tool