Quantum Energy inaugurates new EV showroom in Kolhapur

Quantum Energy, a leading electric vehicle (EV) startup specialising in the design, development, and manufacturing of electric scooters, has announced the inauguration of its new showroom in Kolhapur, Maharashtra. This new addition marks the company’s fourth EV two-wheeler showroom in the state. Customers can take a look at the electric scooters including the Plasma, Elektron,… Continue reading Quantum Energy inaugurates new EV showroom in Kolhapur

Toyota Rumion priced at Rs 10.29 lakh, bookings open

Toyota Kirloskar Motor officially announced the start of bookings and the prices of its new Toyota Rumion which was launched earlier this August.  The latest offering will be available at ex-showroom prices from Rs 10,29,000 toRs 13,68,000, with deliveries expected to commence from 8 September onwards.  Atul Sood, Vice President – Sales and Strategic Marketing,… Continue reading Toyota Rumion priced at Rs 10.29 lakh, bookings open

Toyota Rumion priced at Rs 10.29 lakh, bookings open

Toyota Kirloskar Motor officially announced the start of bookings and the prices of its new Toyota Rumion which was launched earlier this August.  The latest offering will be available at ex-showroom prices from Rs 10,29,000 toRs 13,68,000, with deliveries expected to commence from 8 September onwards.  Atul Sood, Vice President – Sales and Strategic Marketing,… Continue reading Toyota Rumion priced at Rs 10.29 lakh, bookings open

Ashok Leyland launches CNG-powered 18.5T long-haul truck with 1,150km range

Ashok Leyland has expanded its CNG truck portfolio with the launch of the new 1922 4X2 haulage truck with CNG power. The new 1922 CNG truck, which has four different loading span options – 20 feet, 22 feet, 24 feet and 32 feet – is powered by the proven H6 CNG engine with 162 kW… Continue reading Ashok Leyland launches CNG-powered 18.5T long-haul truck with 1,150km range

Gulf Oil Lubricants approves acquiring 51% stake in Tirex Transmission for Rs 103 crore

Gulf Oil Lubricants stated via an exchange notification that has approved the acquisition of a 51% stake in Tirex Transmission, an Ahmedabad-based manufacturer of DC fast chargers for electric vehicles, for Rs 103 crore. Tirex Transmission has deployed over 400 high-capacity EV fast chargers across the country and has a comprehensive range of DC chargers, spanning from 30KW to 240KW,… Continue reading Gulf Oil Lubricants approves acquiring 51% stake in Tirex Transmission for Rs 103 crore

Climate action needs to be more ambitious: UN Special Envoy Mark Carney

“Countries must pursue an increasingly ambitious climate policy. Just like we see an increase in investments for clean energy, we need to see climate action becoming increasingly ambitious,” stated Mark Carney, UN Special Envoy for Climate Action and Finance, Co-Chair, GFANZ and Chair and Head of Transition Investing, Brookfield Asset Management at the B20 Summit… Continue reading Climate action needs to be more ambitious: UN Special Envoy Mark Carney

Bharat NCAP and Global NCAP: what’s similar and what’s different

The Ministry of Road Transport and Highways (MoRTH) recently launched the new Bharat NCAP norms that are set to come into effect from October 1, 2023. The programme has been formulated on the latest GNCAP protocols, and while most testing procedures and standards are identical between the two, there’s one major difference that sets them apart. Global NCAP… Continue reading Bharat NCAP and Global NCAP: what’s similar and what’s different

CIE Automotive sells its forging business in Germany to Mutares

CIE Automotive has, earlier this month, announced the sale of its forging business in Germany to Mutares. Mutares is a global private equity investor, headquartered in Germany, specialised in acquiring medium-sized companies and carve-outs in special situations, which show operational improvement potential.   The forgings business comprises the sale of 100% of the share capital… Continue reading CIE Automotive sells its forging business in Germany to Mutares

Hyundai Mobis wins VW order for EV battery system assembly, to set up plant in Spain

Global auto parts vendor Hyundai Mobis has secured a large-scale overseas contract in the future mobility sector, specifically in the electric vehicle business. The company has secured an order for Battery System Assembly, an essential component of electric vehicles, from Volkswagen AG. The battery system assembly supplied by Mobis will be integrated into Volkswagen’s next-generation… Continue reading Hyundai Mobis wins VW order for EV battery system assembly, to set up plant in Spain

Hyundai Mobis wins VW order for EV battery system assembly, to set up plant in Spain

Global auto parts vendor Hyundai Mobis has secured a large-scale overseas contract in the future mobility sector, specifically in the electric vehicle business. The company has secured an order for Battery System Assembly, an essential component of electric vehicles, from Volkswagen AG. The battery system assembly supplied by Mobis will be integrated into Volkswagen’s next-generation… Continue reading Hyundai Mobis wins VW order for EV battery system assembly, to set up plant in Spain