Autocar_Professional India Online News – Page 1703

Bosch to acquire US chipmaker TSI Semiconductors, expand semiconductor business

Bosch is expanding its semiconductor business with silicon carbide chips. The technology company plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, TSI Semiconductors is a foundry for application-specific integrated circuits, or ASICs. Currently, it mainly develops and produces large volumes of chips on 200-millimetre… Continue reading Bosch to acquire US chipmaker TSI Semiconductors, expand semiconductor business

Visteon Q1 2023 sales rise 22% to $967 million, wins $1.5 billion in new business

Visteon Q1 2023 sales rise 22% to $967 million, wins $1.5 billion in new business Visteon Corporation has reported net sales of $967 million in the first quarter of CY2023, representing a year-on-year increase of 22%. While total industry vehicle production increased 6%, vehicle production at Visteon’s top customers increased 9%. Visteon’s sales outperformed customer vehicle… Continue reading Visteon Q1 2023 sales rise 22% to $967 million, wins $1.5 billion in new business

Citroen India unveils locally-developed C3 Aircross mid-size SUV with 90 percent localisation

Citroen India unveils locally-developed C3 Aircross mid-size SUV with 90 percent localisation Citroen has unveiled its latest product for the Indian market – the C3 Aircross mid-size SUV – that has been designed, developed and engineered completely in India. The C3 Aircross, which measures 4.3 metres in length, will go right up against the Hyundai… Continue reading Citroen India unveils locally-developed C3 Aircross mid-size SUV with 90 percent localisation

Audi India inaugurates new 3S facility in Raipur

German luxury carmaker, Audi India, has inaugurated a new 3S facility in Raipur, Chhattisgarh. 3S stands for sales service and spares. The establishment houses Audi’s latest car models for sale in India, a workshop facility, and Audi Approved: plus, all conveniently housed under one roof. Balbir Singh Dhillon, Head of Audi India said that Chhattisgarh… Continue reading Audi India inaugurates new 3S facility in Raipur

PLI scheme for construction equipment likely to attract US$4 billion of domestic and foreign investments in near term, states ICEMA

PLI scheme for construction equipment likely to attract US$4 billion of domestic and foreign investments in near term, states ICEMA India’s construction equipment (CE) industry which aims to achieve a US$ 25 billion target by 2030 believes that the Production Linked Incentives (PLI) scheme if granted, may attract nearly US$ 4 billion of domestic and foreign… Continue reading PLI scheme for construction equipment likely to attract US$4 billion of domestic and foreign investments in near term, states ICEMA

Maruti Suzuki readies Innova Hycross-based MPV for July launch

Maruti Suzuki has confirmed that it will introduce an all-new premium MPV in the Indian market. This new model will be based on the Toyota Innova Hycross and will go on sale by July 2023. We had reported on this development back in October 2022. Maruti premium MPV: what will it be likeThis new MPV, as reported above, will… Continue reading Maruti Suzuki readies Innova Hycross-based MPV for July launch

Continental and Aurora partner to realise commercially scalable autonomous trucking systems

Continental and Aurora partner to realise commercially scalable autonomous trucking systems Technology companies Continental and Aurora Innovation have entered into an exclusive partnership to deliver the first commercially scalable generation of Aurora’s flagship integrated hardware and software system, the Aurora Driver. The organisations will jointly design, develop, validate, deliver, and service the scalable autonomous system… Continue reading Continental and Aurora partner to realise commercially scalable autonomous trucking systems

Maruti to add 2 million units in fresh capacity between 2024 to 2030: RC Bhargava, Chairman, Maruti Suzuki

Maruti to add 2 million units in fresh capacity between 2024 to 2030: RC Bhargava, Chairman, Maruti Suzuki Despite disruptions in the supply chain, Maruti Suzuki, the country’s largest car maker posted its highest-ever volumes, exports, turnover, and profits in FY23. The company for the first time ever, breached a turnover of Rs 1 lakh crore. Here… Continue reading Maruti to add 2 million units in fresh capacity between 2024 to 2030: RC Bhargava, Chairman, Maruti Suzuki

RACEnergy is the first company to achieve AIS 156 Phase II certification for swappable batteries in India

RACEnergy is the first company to achieve AIS 156 Phase II certification for swappable batteries in India RACEnergy has cleared the Automotive Industry Standard (AIS) 156 Phase II certification for its swappable batteries. The certification was earned after tests were completed at the Automotive Research Association of India’s (ARAI) Chakan, Pune facility, making the Hyderabad-based… Continue reading RACEnergy is the first company to achieve AIS 156 Phase II certification for swappable batteries in India