Autocar_Professional India Online News – Page 1711

Continental begins production of tyre pressure monitoring system in India

Technology company Continental has launched the production of its Tyre Pressure Monitoring System (TPMS) for passenger cars, at its Bangalore plant. With the localisation of TPMS, Continental is enhancing its commitment to support local OEMs in India. In the next three years, Continental aims to rapidly scale up the TPMS production capacity. At present, the… Continue reading Continental begins production of tyre pressure monitoring system in India

Daimler India CV registers record sales of 29,470 units in CY2022, up 25%

Daimler India Commercial Vehicles (DICV), the 100% subsidiary of Daimler Truck AG, today announced that despite supply chain headwinds and adverse cost environment, CY2022 ranks as one of its most successful business years since starting manufacturing operations in India. The Chennai-based OEM reported a revenue growth of 37% and a sales growth of 25% in… Continue reading Daimler India CV registers record sales of 29,470 units in CY2022, up 25%

Bittersweet times for two-wheeler makers

India’s two-wheeler industry is seeing some light at the end of the tunnel. But it is too soon to celebrate. After suffering the worst possible economic downturns in years, the industry registered double-digit growth in FY23, although on an abnormally low base. Some green shoots in terms of robust production cycles were visible at best in patches… Continue reading Bittersweet times for two-wheeler makers

CASE Construction Equipment to double its manufacturing capacity at Pithampur over next 3-4 years on back of robust demand

CASE Construction Equipment to double its manufacturing capacity at Pithampur over next 3-4 years on back of robust demand CASE New Holland Construction Equipment, a division of CNH Industrial Group, is planning to elevate its manufacturing capabilities to more than double over the next three to four years, in response to the Indian market’s transition… Continue reading CASE Construction Equipment to double its manufacturing capacity at Pithampur over next 3-4 years on back of robust demand

Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation

Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation MG Motor India, the British brand owned by China’s largest car maker Shanghai Automotive, is in advanced talks with homegrown steel major JSW Group for a stake sale. With its foreign direct investment proposal with the government of… Continue reading Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation

Exclusive: MG Motor India in talks with JSW Steel for 15-20% stake sale at $2 billion valuation

Czech prime minister visits future Skoda car plant in Vietnam

Czech prime minister Petr Fiala today visited the future Skoda car production plant located in the Vietnamese province of Quang Ninh. During the visit, the Prime Minister met with Martin Jahn, Skoda Auto Board member for Sales and Marketing, and representatives of the brand and its local partner, Thanh Cong Motor Vietnam (TC Motor), as… Continue reading Czech prime minister visits future Skoda car plant in Vietnam

MG Motor India banks on Comet EV to target 20% share of India’s passenger EV market

MG Motor India banks on Comet EV to target 20% share of India’s passenger EV market MG Motor, the British brand owned by China’s largest carmaker Shanghai Automotive (SAIC) anticipates the Indian electric vehicle (EV) market to cross 1.5 lakh units per annum in CY2023, of which the company wants to corner 15 to 20%… Continue reading MG Motor India banks on Comet EV to target 20% share of India’s passenger EV market

Quantron and Goldstone Tech plan OEM-agnostic MaaS JV, ETO Motors first client

Quantron AG, a specialist in sustainable freight and passenger transport from Augsburg, Germany and Goldstone Technologies Ltd (GTL), the Hyderabad-based business intelligence and IT services company, are to set up a joint venture. The aim is to develop technology to host and enable the digital platform for Quantron’s 360deg ecosystem Quantron-as-a-Service (QaaS). The OEM-agnostic platform… Continue reading Quantron and Goldstone Tech plan OEM-agnostic MaaS JV, ETO Motors first client