Autocar_Professional India Online News – Page 1765

Rising market demand, positive sentiments lift Commercial Vehicle sector

The commercial vehicle (CV) industry is set to record a volume growth of 20-22 percent in FY23, benefitting from the strong demand and supply cycle while cost pressure remains high, according to a CareEdge report. It may be noted, post recording the highest volume growth in fiscal 2019 since fiscal 2001, the CV industry went… Continue reading Rising market demand, positive sentiments lift Commercial Vehicle sector

Volvo Car India announces price hike on select models

Swedish luxury car maker Volvo Car India has announced an increase in the ex-showroom prices of some models like the XC90, XC60 and XC40 Recharge. The company has cited rising input cost pressures for this besides continued disruption of global supply chains leading to higher logistic costs. However, the prices of the S90 Petrol Mild-Hybrid,… Continue reading Volvo Car India announces price hike on select models

Flash Electronics aims to double revenue to Rs 2,600 crore by 2025, eyes 30 percent of its business from EV parts

Flash Electronics aims to double revenue to Rs 2,600 crore by 2025, eyes 30 percent of its business from EV parts Riding on the soaring demand for green mobility, homegrown electric and electronic automotive systems and parts maker Flash Electronics intends to double its net revenue to about Rs 2,600 crore and plans to garner… Continue reading Flash Electronics aims to double revenue to Rs 2,600 crore by 2025, eyes 30 percent of its business from EV parts

‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis

‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis “With EVs it is not a technology problem, but more of an affordability problem,” says Carlos Tavares, the global CEO of Stellantis, the world’s fifth largest automaker. The company is planning to address that challenge for Europe by exporting cars from… Continue reading ‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis

‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis

India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA

The government of India’s ambitious production linked incentive (PLI) schemes for semiconductors and ACC batteries will trigger an annual investment of Rs one lakh crore in manufacturing capex from FY24, rising to Rs 1.7 lakh crore by FY26, said the rating agency ICRA. The Indian Government’s PLI scheme supports Make in India and helps… Continue reading India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA

Piaggio opens new production facility in Indonesia

The Piaggio Group has inaugurated a new production facility in Jakarta, the capital of Indonesia, a market of growing importance for the Italian automaker. Built on a 55,000 square metre site, the new factory is located in the Cikarang district of West Java. “The new plant in Indonesia sees the Piaggio Group take another stride forward in the strategic… Continue reading Piaggio opens new production facility in Indonesia

India and Sweden join forces for a carbon-neutral tomorrow

Green goals, sustainable business practices and climate-friendly initiatives received a further impetus as India’s long-term trade partner Sweden launched the India-Sweden Green Transition Partnership (ISGTP) as part of the Indian Sweden Sustainability and Green Transition Day event today in Mumbai. The launch symbolises the two countries’ joint commitment to promote exchange of carbon-neutral business practices… Continue reading India and Sweden join forces for a carbon-neutral tomorrow