Autocar_Professional India Online News – Page 1578

Maruti Suzuki India launches Invicto at Rs 24.79 lakh

Maruti Suzuki India (MSIL) has launched its flagship model – Invicto – with prices ranging from Rs 24.79 lakh to Rs 28.42 lakh, ex-showroom. The full-size MPV, which will be retailed from MSIL’s premium Nexa channel, aims to empower the company to tap into the potential of the over Rs 20 lakh price segment, a… Continue reading Maruti Suzuki India launches Invicto at Rs 24.79 lakh

Maruti Suzuki India launches Invicto at Rs 24.79 lakh

EV startup Vegh raises US$ 5 million in pre-series funding

EV startup Vegh has secured US$ 5 million in pre-series funding, as a part of the company’s ongoing US$ 50 million pre-series funding round. The latest funding from an undisclosed investor will be used for the company’s working capital needs, sales, distribution network, and the expansion of its manufacturing capabilities for EV parts. Funds will… Continue reading EV startup Vegh raises US$ 5 million in pre-series funding

SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023

With eight of the 16 passenger vehicle OEMs in India releasing their wholesale numbers for June 2023, it is clear that the 325,000-unit mark will have been breached for the sixth month in a row. Cumulative sales of nine OEMs add up to 313,360 units, up 6% on their year-ago sales but down 2.47% on… Continue reading SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023

SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023

Mahindra Logistics shifts to build-to-suit model to boost efficiency

Mahindra Logistics, the country’s third-party logistics provider is shifting to a build-to-suit (BTS) model for its warehousing networks. The company believes that this model will be more suitable for its long-term growth plans and will lead to a better payoff as compared to earlier times when it was more OEM or component supplier-focused. Prasanna Pahade,… Continue reading Mahindra Logistics shifts to build-to-suit model to boost efficiency

Volvo Cars to use renewable fuels for ocean freight, slash fossil CO2 emissions by 84 percent

Volvo Cars has become the first global carmaker to make the switchover to using renewable fuels for transporting its cars and production material in shipping carriers. The company has been working on this initiative together with its logistics service partners Maersk, Kuehne+Nagel and DB Schenker, which have from June 1, 2023 switched to renewable fuel for… Continue reading Volvo Cars to use renewable fuels for ocean freight, slash fossil CO2 emissions by 84 percent

Volvo Cars to use renewable fuels for ocean freight, slash fossil CO2 emissions by 84 percent

Kia India to expand capacity to 430,000 units by mid-2024, targets 10% growth in 2023

Kia Motors India, which launched the facelifted Seltos midsize SUV on July 4, has kicked off its next phase of expansion in India. The Korean carmaker, which rolls out its products from its scalable 300,000-units-per-annum plant in Anantapur, Andhra Pradesh, is currently in the process of expanding its manufacturing capacity to 430,000 units per annum.… Continue reading Kia India to expand capacity to 430,000 units by mid-2024, targets 10% growth in 2023

MG Motor India Official Mobility Partner for G20 Startup20 Shikhar Event

MG Motor India partnered with Startup Shikhar, as its mobility partner for a two-day event in Gurgaon that ended today. This collaboration reflects MG Motor India’s commitment to fostering innovation and entrepreneurship in the country’s mobility space, aligning with its MG Developer and Grant Program (MGDP). The event served as an opportunity for startups to… Continue reading MG Motor India Official Mobility Partner for G20 Startup20 Shikhar Event