Autocar_Professional India Online News – Page 1590

Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu

Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu

Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu

Skoda to bring Superb back with BS6-compliant engine

Since the phasing out of the Octavia and Superb due to the implementation of the BS6 Phase 2 norms, Skoda India has confirmed that the Superb will make a comeback with an updated engine. The brand is currently running its nationwide safety campaign dubbed “Safer with Skoda”, which is a demonstration of the safety and engineering that goes into Skoda cars,… Continue reading Skoda to bring Superb back with BS6-compliant engine

Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump

Bosch, a provider of automotive technology and services, reported a net profit of Rs 398.9 crore in Q4FY23, translating to a 13.8% growth compared to a net profit of Rs 350.5 crore in Q4FY22. The corresponding operative revenues increased to Rs 4,063 crore during Q4FY23, a jump of 22.7% compared to Rs 3311 crore during… Continue reading Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump

CV industry volumes to grow 7-10% in FY24 : ICRA

Driven by replacement demand, pick-up in mining, infrastructure, and construction activities, and overall healthy fleet utilisation levels, the domestic commercial vehicle industry is expected to grow by 7–10 percent in the ongoing fiscal year, as per an ICRA report. This is despite the 5 percent year-on-year and 41 percent sequential contraction in volumes in April… Continue reading CV industry volumes to grow 7-10% in FY24 : ICRA

Webasto opens second sunroof plant in India, to increase capacity to 950,000 by 2027

The soaring demand for sunroof-equipped cars and SUVs in India, which is one of the fastest-growing global markets for this product category, is seeing global majors like Webasto expand their manufacturing capacity in the country. Less than a year after Webasto built a larger local production site for roof systems at its Pune facility, the… Continue reading Webasto opens second sunroof plant in India, to increase capacity to 950,000 by 2027

Daimler Truck subsidiary plans autonomous trucking pilot in the US

Torc Robotics, an independent subsidiary of Daimler Truck and a pioneer in commercialising self-driving vehicle technology, has announced its strategic collaboration with C. R. England, one of North America’s leading transportation companies. Torc and C.R. England will implement a pilot program leveraging C.R. England’s temperature-controlled loads and Torc’s fleet of SAE Level 4 autonomous test trucks for… Continue reading Daimler Truck subsidiary plans autonomous trucking pilot in the US

Geely and Changan in strategic alliance for drivetrains, platforms, tech

Zhejiang Geely Holding Group (Geely Group) and Chongqing Changan Automobile Co (Changan Automobile) have signed a strategic cooperation framework agreement. The two companies plan to explore strategic cooperation opportunities around new energy technologies, vehicle intelligence, new energy powertrains, overseas development, mobility, and industrial ecology. The partnership agreement, signed on May 9, also aims to “jointly… Continue reading Geely and Changan in strategic alliance for drivetrains, platforms, tech

Skoda IC engine knowhow to power 50 models across seven Volkswagen Group brands

Skoda’s technical expertise and experience has just been recognised with an important assignment, as the brand has been given responsibility for the development of EA 211 series combustion engines. The engines will power 50 model lines across seven brands within the Volkswagen Group. Skoda will develop all EA 211 series internal combustion engines for the… Continue reading Skoda IC engine knowhow to power 50 models across seven Volkswagen Group brands

Toyota Kirloskar Motor wins CII-ITC sustainability awards for excellence in biodiversity

In a recognition of its commitment towards sustainable business practices, Toyota Kirloskar Motor (TKM) has been accorded the CII-ITC Sustainability Award 2022, under the category ‘Excellence in Biodiversity’ (Manufacturing Sector) by the Confederation of Indian Industry (CII). The award was presented by Nitin Gadkari, Union Minister, Ministry of Road Transport and Highways, government of India. … Continue reading Toyota Kirloskar Motor wins CII-ITC sustainability awards for excellence in biodiversity