On April 12, 2023, the Tata Nexon became the first model in Tata Motors’ seven-model ‘New Forever’ range of passenger vehicles to see the rollout of its 500,000th unit from the Ranjangaon plant in Pune. April 2023 also marked a similar milestone on the sales front. Launched on September 21, 2017, the Nexon has, till… Continue reading Tata Nexon sales in India top 500,000 units
Author: Autocar_Professional India Online News
Maruti Suzuki begins production for the 5-door Jimny ahead of June launch
Maruti Suzuki has begun series production of the Jimny 5-door at its Gurugram plant. The Jimny will first go on sale in India next month and was shown to the general public in January at the Auto Expo 2023. Bookings for the Jimny 5-door had commenced on the day of its global debut and we can now confirm… Continue reading Maruti Suzuki begins production for the 5-door Jimny ahead of June launch
Tata Motors remains upbeat on robust CV demand despite moderation in GDP forecasts
Even though various financial institutions have reduced their GDP forecasts for India for FY24, PB Balaji, Group Chief Financial Officer, Tata Motors, believes that the commercial vehicle (CV) segment remains in a good position in terms of growth due to several key indicators such as economic growth, GST collection, infrastructure development, and vehicle replacement demand,… Continue reading Tata Motors remains upbeat on robust CV demand despite moderation in GDP forecasts
Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
On the back of a record FY23 performance, Tata Motors, India’s largest automobile company by revenues, plans to revise its capex upwards by 25% to Rs 38,000 crore in FY24, with improved chip supplies and expected sustenance in demand for both JLR and standalone business. The company plans to invest in products, platforms, and debottlenecking… Continue reading Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
On the back of a record FY23 performance, Tata Motors, India’s largest automobile company by revenues, plans to revise its capex upwards by 25% to Rs 38,000 crore in FY24, with improved chip supplies and expected sustenance in demand for both JLR and standalone business. The company plans to invest in products, platforms, and debottlenecking… Continue reading Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China
Volvo Trucks and Jiangling Motors Co. will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co. and its manufacturing site in Taiyuan, Shanxi province, China. The two parties will not pursue the transaction due to that the conditions for closing the transaction were not met. Volvo Trucks will continue… Continue reading Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China
TVS Motors delivers 100 iQubes in Chennai
TVS Motor Company commits to deliver 1,000 iQubes across 10 cities in ten days. The company handed over 100 TVS iQube scooters to its customers in Chennai today, kickstarting the 10-day, 10 cities, 1,000 electric scooters mega delivery marathon. TVS iQube recorded a sales milestone of 1,00,000 units for its range of scooters, since its… Continue reading TVS Motors delivers 100 iQubes in Chennai
Hero MotoCorp partners with Motosport as its exclusive distributor in Costa Rica
Hero MotoCorp, a manufacturer of motorcycles and scooters, has partnered with Motosport as its exclusive distributor in Costa Rica – a key market in Central America. Established in 2002, Motorsport SA has more than two decades of expertise in the motorcycle industry, with a sales, service, and parts network spanning the entire country. The phase-wise… Continue reading Hero MotoCorp partners with Motosport as its exclusive distributor in Costa Rica
India to get 3 ports for green hydrogen storage by 2030
In an effort to align blue and green economies, the Ministry of Ports, Shipping, and Waterways (MoPSW) plans to accelerate the National Green Hydrogen Mission by providing logistical support for building hydrogen storage bunkers at three Indian ports in east, north, and south India by 2030, which will be scaled up to 12 Indian ports… Continue reading India to get 3 ports for green hydrogen storage by 2030
Castrol adds range of premium Auto Care products to its portfolio
The new range of products include, Castrol Chain Cleaner, Castrol Chain Lube, Castrol 3-in- 1 Shiner, Castrol 1-Step Polishing Compound, and Castrol Anti-Rust Lubricant Spray. Automotive and industrial lubricant manufacturing company Castrol today announced the expansion of its portfolio into the Auto Care segment. The new range of products include, Castrol Chain Cleaner, Castrol Chain Lube, Castrol… Continue reading Castrol adds range of premium Auto Care products to its portfolio