Autocar_Professional India Online News – Page 1668

Maruti Suzuki recalls 87,599 S-Pressos and Eeco vans to inspect steering tie rod

Maruti Suzuki India has issued a recall notice for a total of 87,599 vehicles comprising the entry level S-Presso hatchback and the Eeco van. The model-wise split of the recall has not been given by the company. As per the company, the recall-impacted vehicles have been manufactured between July 5, 2021 and February 15, 2023.… Continue reading Maruti Suzuki recalls 87,599 S-Pressos and Eeco vans to inspect steering tie rod

Mobec Innovations looking to raise US $ 2-3 million in seed funding by Q4 FY24

Noida-based Mobec Innovations, which offers mobile electric vehicle charging solutions, is looking to raise US$ 2-3 million in seed funding, by Q4 FY24, the company’s Founder and CEO Harry Bajaj informed Autocar Professional. Bajaj, who founded the mobile EV charging solutions company to address issues of range anxiety, has a revenue projection of over Rs 1… Continue reading Mobec Innovations looking to raise US $ 2-3 million in seed funding by Q4 FY24

PMI inks MoU with REC for Rs 480 crore

Electric commercial vehicle manufacturer, PMI Electro Mobility, has signed a Memorandum of Understanding (MoU) with REC Limited (formerly Rural Electrification Corporation), a public-sector enterprise and a pioneer in providing financial assistance for power sector development. The signing ceremony took place during the “Green Finance” Summit organised by REC Limited on the side-lines of the Clean… Continue reading PMI inks MoU with REC for Rs 480 crore

PMI inks MoU with REC for Rs 480 crore

Range Rover Velar facelift launched at Rs 93 lakh

Land Rover has launched the Range Rover Velar facelift at Rs 93 lakh (ex-showroom, India). The new Velar is available in a single HSE trim with a choice of two powertrains. While Land Rover opened bookings for the Velar facelift last week, deliveries will begin in September. Compared to the outgoing model, the facelift is Rs 3.59 lakhs… Continue reading Range Rover Velar facelift launched at Rs 93 lakh

Range Rover Velar facelift launched at Rs 93 lakh

Tesla to discuss factory plan for new US $24,000 car with India’s Commerce Minister: Report

Tesla representatives are slated to meet India’s Commerce Minister this month, to talk about plans to build a factory to manufacture what it has called an all new US $ 24,000 car, a source informed Reuters. Tesla has evinced interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the… Continue reading Tesla to discuss factory plan for new US $24,000 car with India’s Commerce Minister: Report

Mahindra Logistics posts Rs 8.30 crore net loss on 97% YoY decline in supply-chain-management segmental profit

Mahindra Logistics, an integrated logistics and mobility solutions provider for the automotive and other industries, reported a net loss of Rs 8.30 crore in Q1 FY24. This was due to a steep 97% dyear on year ecline in the company’s supply chain management (SCM) segmental profit. The SCM segment, which constitutes more than 94% of… Continue reading Mahindra Logistics posts Rs 8.30 crore net loss on 97% YoY decline in supply-chain-management segmental profit

GreenCell Mobility secures Rs 3,000 crore debt funding from REC, for sustainable transportation services

GreenCell Mobility, a pan-India shared electric mobility player, has signed a Memorandum of Understanding (MoU) with REC, a Maharatna Central Public-sector enterprise, for a commitment of Rs 3,000 crore, for sustainable transportation in the country. Rural Electrification Fund will offer crucial financial assistance in the form of debt funding to support the company’s projects. The… Continue reading GreenCell Mobility secures Rs 3,000 crore debt funding from REC, for sustainable transportation services