Autocar_Professional India Online News – Page 1776

Renault and Geely to set up new global company for next-gen powertrains

Geely Holding Group (Geely Holding), Geely Automobile Holdings and the Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient internal combustion powertrains (ICE). On completion, the new company will be a standalone global supplier of complete ICE solutions, producing next-generation hybrid propulsion systems and… Continue reading Renault and Geely to set up new global company for next-gen powertrains

Volvo Cars divests its stake in engine maker Aurobay to Geely

Volvo Cars, which is aiming to go fully electric by 2030, has divested its 33 percent holding in Aurobay to Geely Holding. Aurobay, which develops and produces powertrain solutions for a global market, is a global supplier of propulsion technology, development services and contract manufacturing with manufacturing capabilities in two continents. It produces high-efficiency,… Continue reading Volvo Cars divests its stake in engine maker Aurobay to Geely

Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA

Spanish electric mobility brand Urbet is making a splash at EICMA, the world’s best-known two-wheeler trade fair which opens in Milan, Italy today and goes on till November 13. The Marbella-based EV maker aims to use EICMA as a platform to target different European markets and also showcase its existing range as well as new… Continue reading Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA

Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA

CEAT Q2 profit down 85 percent at Rs 6.4 crore, company expects a better second half

CEAT Q2 profit down 85 percent at Rs 6.4 crore, company expects a better second half Tyre maker CEAT reported an 85 percent decline in its consolidated net profit for the quarter ending September, dragged down by higher expenses and a double-digit spike in raw material cost. The net profit for Q2FY23 stood at Rs… Continue reading CEAT Q2 profit down 85 percent at Rs 6.4 crore, company expects a better second half

Tube Investment posts 20 percent growth in net profit with Rs 277 crore for Q2FY23

Tube Investment posts 20 percent growth in net profit with Rs 277 crore for Q2FY23 Tube Investment, a part of the Rs 54,722 crore Murugappa Group, reported has posted a 20 percent growth in consolidated net profit for the quarter ending September with Rs 277 crore profitability. With the Engineering, Metal Forming Products and Industrial chains division… Continue reading Tube Investment posts 20 percent growth in net profit with Rs 277 crore for Q2FY23

Tube Investment posts 20 percent growth in net profit with Rs 277 crore for Q2FY23

Tube Investment, a part of the Rs 54,722 crore Murugappa Group, reported has posted a 20 percent growth in consolidated net profit for the quarter ending September with Rs 277 crore profitability. With the Engineering, Metal Forming Products and Industrial chains division performing well in the domestic market, amid some headwinds from exports, the company posted a… Continue reading Tube Investment posts 20 percent growth in net profit with Rs 277 crore for Q2FY23

Emission norms for farm equipment set to get another extension; Likely to be implemented from Jan 2023

Emission norms for farm equipment set to get another extension; Likely to be implemented from Jan 2023 The government may defer the implementation of new emission norms for the farm equipment sector yet again by one more quarter. The current deferment was considered after a request from combined harvester manufacturers from Punjab, said a senior industry… Continue reading Emission norms for farm equipment set to get another extension; Likely to be implemented from Jan 2023