Autocar_Professional India Online News – Page 1592

Stellantis posts strong growth, sets new records in revenues and profit in H1 2023

Stellantis continues to deliver value across multiple dimensions, posting strong growth and setting new records in net revenues, AOI and net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 brands. As per the company, it registered net revenues of 98.4 billion euros, up 12% compared to H1… Continue reading Stellantis posts strong growth, sets new records in revenues and profit in H1 2023

Seven global carmakers join forces for high-powered EV charging network across N America

Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable. The joint venture will include the development of a new, high-powered charging… Continue reading Seven global carmakers join forces for high-powered EV charging network across N America

Seven global carmakers join forces for high-powered EV charging network across N America

India shows strongest growth potential for Lubricants demand among major consuming markets

India is a bright spot in the global lubricants market thanks to forecasts for significant growth, according to the latest research findings shared by Kline & Co. at the industry conference Shining Bright: Unlocking Growth Opportunities in the Indian Lubricants Market. The same sentiment was unanimously echoed by industry leaders at the conference about the world’s… Continue reading India shows strongest growth potential for Lubricants demand among major consuming markets

India shows strongest growth potential for Lubricants demand among major consuming markets

TVS Motor Company to develop dynamics of a start-up, transition to a Smart Mobility Company, says Chairman Ralf Speth

Amid the rising disruption of EVs and shared mobility, TVS Motor Company, India’s third-largest two-wheeler maker, intends to develop the dynamics of the start-ups and link them to its core business. Having been on an acquisition spree, TVS Motor has picked up a stake in emerging companies such as EBCO in UK, Drive X,… Continue reading TVS Motor Company to develop dynamics of a start-up, transition to a Smart Mobility Company, says Chairman Ralf Speth

Renault and Nissan conclude definitive agreements

Renault Group and Nissan Motor Co. today announced that they have entered into the definitive agreements contemplated by the binding framework agreement executed and announced on February 6, 2023. This allows them to enter the next phase of collaboration with Renault and Mitsubishi Motors in mutually beneficial areas of innovations. The agreements focus on extending… Continue reading Renault and Nissan conclude definitive agreements

Toyota readies three new models for India launch this year

The badge-engineering exercise between Toyota and Maruti Suzuki has already given us three pairs of shared models between the two brands in India, the most recent one being the Innova Hycross-Invicto duo. And it’s certainly not stopping at that. As we had reported in January this year, Toyota is readying two more badge-engineered Maruti Suzuki models for launch in India this… Continue reading Toyota readies three new models for India launch this year

Rane Madras reports net loss of Rs 14.5 crore in Q1 FY24

Auto component maker Rane reported a consolidated net loss of Rs 14.5 crore in the April-June quarter (Q1 FY24). The company posted a net loss of Rs 3.3 crore in the same quarter a year ago. The company reported a total income of Rs 153.06 crore during the period ended June 30, 2023, down 8%… Continue reading Rane Madras reports net loss of Rs 14.5 crore in Q1 FY24

Ampere partners with Readily Mobility to offer full-stack after-sales services to Fleet customers

Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has entered into a collaboration with Readily Mobility, a leader in the vehicle assistance industry, bringing full-stack after-sales and service support for its B2B fleet customers. Under this agreement, Readily Mobility will cater to Ampere’s fleet of vehicles, to ensure smooth operations, minimal downtime, and maximum business efficiency for Ampere’s fleet customers.… Continue reading Ampere partners with Readily Mobility to offer full-stack after-sales services to Fleet customers