EV smart battery manufacturer Neuron Energy has raised Rs 200 million in its pre-series A round. The investment was led by Equanimity Investments and the Rajiv Dadlani Group, besides participation from the Chona Family Office (Havmor Group), Kayenne Ventures, Family Offices, and HNI investors. The company plans to use the funds primarily to support key… Continue reading Neuron Energy secures Rs 200 million in pre-series A round funding
Author: Autocar_Professional India Online News
Neuron Energy secures Rs 200 million in pre-series A round funding
EV smart battery manufacturer Neuron Energy has raised Rs 200 million in its pre-series A round. The investment was led by Equanimity Investments and the Rajiv Dadlani Group, besides participation from the Chona Family Office (Havmor Group), Kayenne Ventures, Family Offices, and HNI investors. The company plans to use the funds primarily to support key… Continue reading Neuron Energy secures Rs 200 million in pre-series A round funding
Altigreen and LOHUM sign strategic partnership for sustainable disposal and low carbon recycling of EV batteries
Altigreen, a commercial cargo electric vehicles manufacturer, and LOHUM, a producer of sustainable energy transition materials, have entered into a strategic partnership aimed at addressing the critical challenge of sustainable battery disposal in the electric vehicle industry. Under this partnership, LOHUM will recycle end-of-life batteries from Altigreen electric vehicles via its NEETM technology, recovering 95%… Continue reading Altigreen and LOHUM sign strategic partnership for sustainable disposal and low carbon recycling of EV batteries
SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
Samvardhana Motherson (SAMIL), a demerged subsidiary of Motherson Sumi, entered into three new strategic acquisitions deals worth Rs 1,475 crore earlier this month. The Noida-based auto component major signed an agreement with Honda Motors to acquire an 81 percent stake in Yachiyo Industry’s component business for an equity consideration of Euro 145 million (Rs 1,300… Continue reading SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
Samvardhana Motherson (SAMIL), a demerged subsidiary of Motherson Sumi, entered into three new strategic acquisitions deals worth Rs 1,475 crore earlier this month. The Noida-based auto component major signed an agreement with Honda Motors to acquire an 81 percent stake in Yachiyo Industry’s component business for an equity consideration of Euro 145 million (Rs 1,300… Continue reading SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, has rolled out its 5 millionth Access 125 from its Kherki Dhaula plant situated in Gurugram, Haryana. Access 125 was the first scooter in the 125 cc segment at the time of its launch in 2007. Commenting on the occasion, Kenichi Umeda, Managing Director, Suzuki… Continue reading Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, has rolled out its 5 millionth Access 125 from its Kherki Dhaula plant situated in Gurugram, Haryana. Access 125 was the first scooter in the 125 cc segment at the time of its launch in 2007. Commenting on the occasion, Kenichi Umeda, Managing Director, Suzuki… Continue reading Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
SUVs and MPVs to cost more by 2% following the GST cess increase
The GST council met for its 50th meeting on Tuesday and decided to bring all Utility Vehicles (UVs) under the 22 percent cess bracket, an increase of 2 percent, doing away with the differential rate of compensation cess. The decision means that Sport Utility Vehicles (SUVs) and Multi Utility Vehicles (MUVs) will fall under the… Continue reading SUVs and MPVs to cost more by 2% following the GST cess increase
‘We are extremely interested in bringing semiconductor industries to the state, expect big- ticket announcements in a year’: DR TRB Rajaa
With the rising significance of semiconductor chips in an era of connected vehicles and devices, Tamil Nadu – considered the Detroit of India, is close to announcing big-ticket investments in the state. Dr TRB Rajaa, the Minister of Industries of Tamil Nadu told Autocar, “‘We are extremely interested in bringing semiconductor industries to the state,… Continue reading ‘We are extremely interested in bringing semiconductor industries to the state, expect big- ticket announcements in a year’: DR TRB Rajaa
CNG car sales witness slowdown in first-half CY2023, decline 5 percent
India’s market for CNG-powered cars and SUVs has expanded with the launch of the Hyundai Exter mini-SUV on July 10. Of the 22 CNG passenger vehicles sold in India, it is only the second compact SUV to get the CNG treatment after the Maruti Brezza. The launch comes at a time when retail sales in… Continue reading CNG car sales witness slowdown in first-half CY2023, decline 5 percent