Author: Autocar_Professional India Online News

Amara Raja Batteries announces strategic business initiatives

The Board of Amara Raja Batteries (ARBL) has announced several strategic initiatives to take advantage of fast emerging new opportunities to accelerate growth. As part of the move, the company’s Founder Chairman Dr. Ramachandra Galla has decided to step down after 36 years at the helm. Dr Galla will be succeeded by Jayadev Galla. ARBL… Continue reading Amara Raja Batteries announces strategic business initiatives

Amara Raja Batteries announces leadership change, focus on new business opportunities

The Board of Amara Raja Batteries (ARBL) has announced several strategic initiatives to take advantage of fast emerging new opportunities to accelerate growth. As part of the move, the company’s Founder Chairman Dr. Ramachandra Galla has decided to step down after 36 years at the helm. Dr Galla will be succeeded by Jayadev Galla. ARBL… Continue reading Amara Raja Batteries announces leadership change, focus on new business opportunities

FAME II revision: ​​UNO Minda Group well placed to cater to likely EV boom

Sunil Bohra, CFO, UNO Minda Group: “While many EV products have been operationalised, many are still under development.” The recent revision announced last week in the FAME II incentive scheme looks all set to give a fillip to the adoption of electric mobility in India, particularly with respect to electric two- and three-wheelers, which are… Continue reading FAME II revision: ​​UNO Minda Group well placed to cater to likely EV boom

Mahindra Finance eyes growth frontiers in digital, electric vehicle leasing

Mahindra Finance is looking at a big play in digital and leasing of electric vehicles (EVs) as part of its growth blueprint.  “For a model like ours which is rural-focused, one of the big opportunities is digital for people to pay their instalments. If the customer is confident that money is going into the right… Continue reading Mahindra Finance eyes growth frontiers in digital, electric vehicle leasing

Kia’s global sales cross 50 million units

Kia has announced that it has sold a cumulative 50,121,112 units in the global market, including 14,245,81 units in Korea and 35,879,531 units overseas until May last year. The Korean carmaker’s global cumulative sales record of exceeding 50 million units is the first achievement in 59 years since the launch of Korea’s first three-wheeled vehicle,… Continue reading Kia’s global sales cross 50 million units

Anand Mahindra and Alliance of CEO Climate Leaders urge credible net-zero commitments

Anand Mahindra: “We must widen the arc of climate action among the corporations of the world. A marketplace for low carbon technologies and climate funds will create a virtuous cycle.” Anand Mahindra, Chairman of the Mahindra Group, is among more than 70 global members of The Alliance of CEO Climate Leaders, who called on G7… Continue reading Anand Mahindra and Alliance of CEO Climate Leaders urge credible net-zero commitments

FAME II scheme revision gives new charge for electric 2-, 3-wheelers and e-buses

The government of India’s ambitious FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) Scheme, which was announced in March 2019 with a budget of around Rs 10,000 crore did not achieve the desired results due to its stringent criteria and multiple challenges for industry players to meet the same. Now, in a notification,… Continue reading FAME II scheme revision gives new charge for electric 2-, 3-wheelers and e-buses