Autocar_Professional India Online News – Page 1583

Sona Comstar to make electric powertrains for cars, buses and CVs in India, key South Asian markets

India’s Sona Comstar has signed a technology licensing agreement with Equipmake, the UK-based technology company that has developed high-performance electric powertrains. Equipmake’s patented technology offers high power density and efficiency with high performance, and as per the company, is “ideal for electric cars, buses, and commercial vehicles”. Under the agreement, Equipmake will license certain patented spoke… Continue reading Sona Comstar to make electric powertrains for cars, buses and CVs in India, key South Asian markets

Sona Comstar to make electric powertrains for cars, buses and CVs in India, key South Asian markets

Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year

For the first time, chassis and drive component production in Plant 02.10 at the BMW Group site in Dingolfing is operating an electrically heated ring hearth furnace. Compared with its conventional gas-powered equivalent, the latest electric furnace currently saves some 300 tonnes of CO2 a year. “The new furnace has a planned service life of over… Continue reading Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year

Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year

Mahindra XUV300 sells over 200,000 units since launch

The Mahindra XUV300 has driven past the 200,000-unit sales milestone in the India market. Launched on Valentine’s Day in 2019, it is estimated that Mahindra & Mahindra’s compact SUV has sold a total of 199,363 units till end-April 2023. The remaining 637 units needed to clock 200,000 units would have come in the first week… Continue reading Mahindra XUV300 sells over 200,000 units since launch

Suzuki Motor Corp optimistic India will outperform despite slowing global sales in FY2024

Suzuki Motor Corporation (SMC) expects India to continue to outpace the global markets in FY2023 – which is fiscal year 2023-24 (in India) – and help offset the slowdown in some of its key geographies around the world. Announcing its FY2023 earnings in Japan on Monday, the small car specialist has issued a guidance for… Continue reading Suzuki Motor Corp optimistic India will outperform despite slowing global sales in FY2024

LANXESS reports sales at Euro 1.899 billion in 1Q23

The specialty chemicals company LANXESS has achieved its forecast earnings for the first quarter of 2023: EBITDA pre exceptionals came to Euro 189 million, within the range of Euro 180 million to Euro 220 million forecast in March. Compared with the previous year’s figure of 262 million euros, earnings thus declined by 27.9 percent. Sales remained almost stable. They amounted to… Continue reading LANXESS reports sales at Euro 1.899 billion in 1Q23

SIAM supports zero duty on certain British car imports in trade deal: Report

Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain “if the need arises”, newswire Reuters reported. India at the moment imposes taxes to the tune of 70 percent and 100 percent on the import of cars, which will be whittled down over a period… Continue reading SIAM supports zero duty on certain British car imports in trade deal: Report

Tube Investments Q4 net profit up 74% at Rs 312 crore

The company posted Rs 220.72 crore in the same period a year ago. Tube Investments is engaged in the business of manufacturing precision steel tubes, steel strips, car door frames, automotive and industrial chains, and bicycles. Murugappa Group’s engineering firm Tube Investments of India (TII) on Monday reported a 74.4 percent jump year-on-year (YoY) in… Continue reading Tube Investments Q4 net profit up 74% at Rs 312 crore