Author: Autocar_Professional India Online News

Motor insurance grew faster than health during Q1FY23

The motor insurance segment has grown faster than that for health for Q1FY23 at 27.5 percent and reached Rs 15,766 crore which can primarily be attributed to the low base of last year and an increase in auto sales, according to data collated by CareEdge, a leading credit rating agency. This growth rate is significantly better than Q1FY22… Continue reading Motor insurance grew faster than health during Q1FY23

Minda Industries renamed UNO Minda in brand-strengthening move

Minda Industries Ltd (MIL) has changed its name to UNO Minda Ltd in a bid to reflect the legacy and identity of the company as a leading Indian auto component group. It also has a new tagline – ‘Driving the New’ – to reflect innovative solutions, futuristic technology and value in the product, technology and… Continue reading Minda Industries renamed UNO Minda in brand-strengthening move

Tech Talk: Why engineers love shared vehicle architectures

Last month, the Volkswagen Group celebrated the 10th anniversary of its kit of parts for building cars more efficiently. Modularer Querbaukasten (MQB), which translates as Modular Transverse Matrix, wasn’t the first platform-led approach taken by a manufacturer, but it marked the beginning of a trend. Now it has become a regular occurrence for new platforms to emerge… Continue reading Tech Talk: Why engineers love shared vehicle architectures

Aston Martin redesigns logo in bid to appeal to wider audience

Aston Martin has revealed a new, simplified logo that it hopes can make it more appealing to a wider audience as it plots a sales uptick and ramps up to launch its first electrified models.  The British firm expects the fresh logo will allow it to enter new markets, with a specific target on affluent, global buyers,… Continue reading Aston Martin redesigns logo in bid to appeal to wider audience

Tube Investments to invest Rs 246 crore in electric CV startup

Tube Investments Clean Mobility, the wholly-owned subsidiary  of Tube Investments has entered into a definitive agreement for the acquisition of  a 65  percent stake in IPLTech Electric, a  startup that manufactures electric heavy commercial vehicles. The company will buy the stake for Rs 246 crore and expects to complete the acquisition process by October 2022.… Continue reading Tube Investments to invest Rs 246 crore in electric CV startup

Tube Investments invests Rs 246 crore in electric in heavy CV

The spate of acquisition for Tube Investment continues. Tube Investments Clean Mobility, one of its wholly owned subsidiary annonuced entering  into definitive agreement for acquisition of  65  percent in IPLTech Electric- a  startup engaged in manufacturing of electric heavy commercial vehicles for Rs 246 crore. The acquisition is expected to be completed by October this year.  Based out of Gurugram,… Continue reading Tube Investments invests Rs 246 crore in electric in heavy CV

Hyundai sells 263,005 cars in Europe in first-half 2022

Despite a decrease in industry demand, Hyundai Motor Europe celebrated very strong sales results in Europe in the first half of 2022, according to the latest data from the European Automobile Manufacturers Association (ACEA). During this period, the company’s market share grew to a record-breaking 4.7 percent, up one percentage point compared to last year.… Continue reading Hyundai sells 263,005 cars in Europe in first-half 2022

Tata Motors launches new Winger MUV in Nepal

Tata Motors has launched the all-new range of the Tata Winger BS6, in association with its sole and longstanding authorised distributor, Sipradi Trading, in Nepal. The Tata Winger multi-utility van has a wide range of applications that include cargo, school, staff and tours and travel. Anurag Mehrotra, Vice-President, International Business & Strategy, Commercial Vehicles Business… Continue reading Tata Motors launches new Winger MUV in Nepal

M&M plans to introduce ADAS 2+ level for ICE, electric

The picture is representational Mahindra & Mahindra is in the process of implementing ADAS 2+ levels for both its ICE as well as upcoming  Born Electric range. The ADAS 2+ was introduced partially on the XUV 700 an in its new avatar now has features that Tesla, for example, has for robo-taxis or the  Nissan… Continue reading M&M plans to introduce ADAS 2+ level for ICE, electric