In a bid to make its truck and bus business more agile and future-ready, Tata Motors, India’s largest commercial vehicle maker, has restructured the organisation creating new lines of business to empower each business line with a sharper focus and greater accountability. The new development comes amidst an intense effort by the company to reduce… Continue reading Exclusive: Tata Motors restructures truck and bus business unit to enhance agility and future-readiness
Author: Autocar_Professional India Online News
Bosch and Arnold NextG gear up for steer-by-wire commercial production
Bosch wants to bring steer-by-wire systems to the market on a commercial scale by the middle of the decade. Together with Arnold NextG, the supplier of technology and services is taking the next step. The two partners have recently entered into an alliance to pool their development expertise and accelerate the process of readying the… Continue reading Bosch and Arnold NextG gear up for steer-by-wire commercial production
Tata Power to expand EV charger network to over 25,000 stations by 2028
With EV ownership becoming rapidly popular, Tata Power, one of India’s leading integrated power companies, plans to expand its EV charging points across India to over 25,000 over the next five years. This reiterates the company’s future network growth strategy it had announced at Auto Expo 2023, where it had showcased a comprehensive range of… Continue reading Tata Power to expand EV charger network to over 25,000 stations by 2028
Tata Power to expand EV charger network to over 25,000 stations by 2028
With EV ownership becoming rapidly popular, Tata Power, one of India’s leading integrated power companies, plans to expand its EV charging points across India to over 25,000 over the next five years. This reiterates the company’s future network growth strategy it had announced at Auto Expo 2023, where it had showcased a comprehensive range of… Continue reading Tata Power to expand EV charger network to over 25,000 stations by 2028
Leasing vs Financing: Making the Right Choice
Owning a vehicle can be an exciting experience but before heading to a dealership, you should know the major choices of finance if you are planning to borrow money to purchase a vehicle. Leasing and financing companies are offering various schemes and both are popular ways to acquire a new vehicle. However, leasing emerges as… Continue reading Leasing vs Financing: Making the Right Choice
Michelin reaches agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million
Michelin, the French multinational tyre manufacturing company and French PE firm IDI have reached an agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million. The French auto supplier said that buying the Paris-based engineer of fabrics and films will increase its high-tech materials business revenue by around 20%. The agreement… Continue reading Michelin reaches agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million
BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
BorgWarner and Eldor Corporation have today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for 75 million euros (Rs 659 crore) at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS… Continue reading BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
BorgWarner and Eldor Corporation have today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for 75 million euros (Rs 659 crore) at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS… Continue reading BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
FAME: SMEV writes to Minister of Commerce and Industry Piyush Goyal, seeking support for EV industry
The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) has in its latest communication reached out to the Minister of Commerce and Industry, Piyush Goyal. In the letter to the Minister, SMEV has sought support for the EV industry facing embargo on utilisation of FAME subsidy through official… Continue reading FAME: SMEV writes to Minister of Commerce and Industry Piyush Goyal, seeking support for EV industry
Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink
Switch Mobility, a Hinduja Group company and the next-generation carbon neutral electric bus and light commercial vehicle manufacturer, has delivered six Switch Solo Electric buses to Translink, Northern Ireland’s main public transport provider. Mahesh Babu, Chief Executive Officer –Switch Mobility said, ‘’With the UK electric bus market witnessing a steady growth, we are delighted to… Continue reading Switch Mobility delivers Switch Solo electric buses to Northern Ireland’s public transport provider Translink