On the backdrop of growth in commercial vehicle (CV) sales, CV financing is also expected to bounce back. Interestingly, the used CV segment, largely dominated by Non-Banking Finance Companies (NBFCs), can clock a stable growth rate despite headwinds in the last few years. It may be noted, the growth of CV sector remains primarily dependent… Continue reading Commercial Vehicle financing to bounce back on the backdrop of pick up in sales
Author: Autocar_Professional India Online News
International Tractors arm, Solis acquires Germany-based Wheel loader specialist Thaler GmbH for Rs 200 crore
International Tractors arm, Solis acquires Germany-based Wheel loader specialist Thaler GmbH for Rs 200 crore Netherlands-headquartered Solis Tractors & Agricultural Machinery, which is a part of International Tractors Limited (ITL), has acquired Germany-based Thaler GmbH & CO KG to widen ITL’s portfolio with wheel loaders and complement its already existing widest tractor range. The entire… Continue reading International Tractors arm, Solis acquires Germany-based Wheel loader specialist Thaler GmbH for Rs 200 crore
Pininfarina appoints Felix Kilbertus as its new chief creative officer
Pininfarina has appointed renowned automotive designer Felix Kilbertus as its new Chief Creative Officer. He will be the creative and strategic guide at a Group level on all aspects of Design (Mobility, Product & Experience Design and Architecture). Effective April 17, 2023, Felix succeeds Kevin Rice, who left the company last December. Reporting directly to… Continue reading Pininfarina appoints Felix Kilbertus as its new chief creative officer
Nissan begins all-electric heavy-duty truck trials in the US
Nissan is now using two battery electric vehicle (BEV) heavy-duty, Class 8 trucks to deliver new vehicles from the Port of Los Angeles to dealerships in the Los Angeles region. Two major manufacturers of electric heavy-duty trucks, Nikola and Kenworth, will each provide trucks that will pull traditional car haulers. The program is being conducted… Continue reading Nissan begins all-electric heavy-duty truck trials in the US
Nissan begins all-electric heavy-duty truck trials in the US
Nissan is now using two battery electric vehicle (BEV) heavy-duty, Class 8 trucks to deliver new vehicles from the Port of Los Angeles to dealerships in the Los Angeles region. Two major manufacturers of electric heavy-duty trucks, Nikola and Kenworth, will each provide trucks that will pull traditional car haulers. The program is being conducted… Continue reading Nissan begins all-electric heavy-duty truck trials in the US
Ultraviolette to raise $120 million for expansion
TVS Motor Company backed Ultraviolette Automotive Pvt. Ltd. plans to raise $120 million to fund its vehicle development and expansion plan. The maker of F77 high performance electric bikes has commenced deliveries to customers from its manufacturing facility in Bengaluru. The funds will fuel the company’s global expansion plans and support its ongoing vehicle platform… Continue reading Ultraviolette to raise $120 million for expansion
Ultraviolette to raise $120 million for expansion
TVS Motor Company backed Ultraviolette Automotive Pvt. Ltd. plans to raise $120 million to fund its vehicle development and expansion plan. The maker of F77 high performance electric bikes has commenced deliveries to customers from its manufacturing facility in Bengaluru. The funds will fuel the company’s global expansion plans and support its ongoing vehicle platform… Continue reading Ultraviolette to raise $120 million for expansion
Yamaha begins trials for last-mile delivery business in Tanzania
Yamaha Motor Co announced today that its group company CourieMate Co has signed a collaborative agreement with Tokyo-based Wassha Co, a startup developing businesses in Africa, to commercialise a last-mile delivery business in Tanzania. Based on this agreement, the two companies are proceeding with real-world proof-of-concept (PoC) testing in the country. Yamaha Motor Group company… Continue reading Yamaha begins trials for last-mile delivery business in Tanzania
RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies
RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies Dehradun-based RP Group, which is known through its aftermarket car seat cover brand – Autoform – is likely to close FY2023 with overall revenues touching Rs 600 crore. The company, which dominates the aftermarket car seat cover industry… Continue reading RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies
Bosch and Nokia plan joint 6G research to integrate communications and sensors
Bosch and Nokia have announced that they will expand the alliance they entered into in 2017 to develop industrial IoT solutions in the area of 5G so that it also addresses the new 6G technology. The announcement was made at the Mobile World Congress 2023 in Barcelona. The two companies are conducting joint research on… Continue reading Bosch and Nokia plan joint 6G research to integrate communications and sensors