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
Author: Autocar_Professional India Online News
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
Pricol reports 75.3% jump in net profit at Rs 29.80 crore
Automotive component and technology supplier Pricol reported a 75.3% jump in its consolidated net profit at Rs 29.80 crore for Q4FY23. The company had posted a net profit of Rs 17 crore in the year-ago period. The company’s revenues from operations stood at Rs 509.69, a jump of 23.8% versus revenues of Rs 415.80 crore, in… Continue reading Pricol reports 75.3% jump in net profit at Rs 29.80 crore
MAHLE and Midtronics announce partnership for electric vehicle workshop service
MAHLE and Midtronics have agreed to jointly develop service equipment for battery electric vehicles. Both companies have signed a Mou (Memorandum of Undertaking) to this effect. Midtronics is a battery management equipment and services provider, and MAHLE is a development partner and supplier to the automotive industry with customers in both passenger car and commercial… Continue reading MAHLE and Midtronics announce partnership for electric vehicle workshop service
Rise and shine
From entering one of the largest two-wheeler markets in the world through a joint venture to gaining a strong foothold there on its own, even after breaking away from its partner of 26 years, Honda Motorcycle & Scooter India (HMSI) has come a long way and is now indeed more competitive domestically as a standalone… Continue reading Rise and shine
Satyen Sail joins as Mobility Business Head at Magenta Mobility
Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. He has also been an entrepreneur and a… Continue reading Satyen Sail joins as Mobility Business Head at Magenta Mobility