Autocar_Professional India Online News – Page 1607

BorgWarner expects to complete spin-off of PHINIA by July 3, 2023

BorgWarner today announced that it expects to complete the spin-off of PHINIA at the end of the day on July 3, 2023, as outlined in PHINIA’s final information statement filing with the Securities and Exchange Commission. PHINIA common stock will be traded on the New York Stock Exchange under the ticker symbol PHIN. The first… Continue reading BorgWarner expects to complete spin-off of PHINIA by July 3, 2023

Bajaj Auto, TVS and Royal Enfield record robust sales in April-May, increase market share amid wave of demand for premium products

With industry body SIAM announcing the wholesales numbers for three vehicle segments – passenger vehicles, two and three-wheelers – for the first two months of the ongoing fiscal year, one of the highlights is that of growth returning to the two-wheeler industry. Cumulative April-May 2023 numbers are 28,10,138 units, up 16.32% year on year (April-May… Continue reading Bajaj Auto, TVS and Royal Enfield record robust sales in April-May, increase market share amid wave of demand for premium products

Ashwani Gupta to step down as Nissan COO

Nissan Motor Co today announced that Ashwani Gupta, Representative Executive Officer and COO, “has elected to leave the company to pursue other opportunities effective June 27. Also, Gupta will retire from the board of directors at the end of the annual general meeting of shareholders to be held on June 27, 2023.” Serving as Nissan’s… Continue reading Ashwani Gupta to step down as Nissan COO

JLR on track to turn fully electric, says Chandrasekaran

As the automobile industry doubles down on electric vehicles, Tata Group-owned luxury carmaker Jaguar Land Rover (JLR) is on track to transform itself into a fully electric company, according to Jaguar Land Rover (JLR) Chairman N Chandrasekaran. “The transformation of Jaguar into an all‑electric luxury brand is on track with the first new vehicle to… Continue reading JLR on track to turn fully electric, says Chandrasekaran

JLR on track to fully turn electric, says Chandrasekaran

QUANTRON and Goldstone Technologies form JV ROQIT to develop digital transaction platform

The clean tech company Quantron AG, a specialist in sustainable passenger and goods transport, is presenting a new line of business at the Greentech Festival from June 15-16, in Berlin. Together with Goldstone Technologies (GTL), a leading Indian company for business intelligence, data and analytics, Quantron AG from Augsburg is entering into a joint venture known… Continue reading QUANTRON and Goldstone Technologies form JV ROQIT to develop digital transaction platform

SMEV petitions Niti Aayog to review FAME Policy

The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) today petitioned the Niti Aayog, asking them to review the FAME II subsidy scheme. The Ministry of Heavy Industries’ actions over the past 18 months i.e., withholding subsidies, demanding retrospective claw backs of subsidy given in 2019, delisting companies… Continue reading SMEV petitions Niti Aayog to review FAME Policy

SMEV petitions Niti Aayog to review FAME Policy

Auto industry’s logistics supplies set to get disrupted by Cyclone Biparjoy

Cyclone Biparjoy is expected to significantly impede port operations and impose restrictions on container movement, according to Container xChange, an online marketplace for container logistics companies. If the assessment proves to be accurate, it will probably have an impact on cargo movements, including for the nation’s automotive industry, which until recently suffered from higher logistic… Continue reading Auto industry’s logistics supplies set to get disrupted by Cyclone Biparjoy