Autocar_Professional India Online News – Page 181

Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years

India’s largest two-wheeler maker Hero MotoCorp is aiming breakeven for its electric vehicle business in a couple of years with an average monthly sale of 25-30,000-unit level, according to a senior company official. “This year (FY25) when we look at our EV performance, our volumes have grown 200%. Our EBITDA is at (-)95%. It is… Continue reading Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years

Hero Motocorp CEO Says EV Business To Break Even In Couple Of Years

Zoomcar Partners with Wego to Offer Self-Drive Options for International Tourists in India

Zoomcar Holdings, Inc., the Nasdaq-listed marketplace for self-drive car sharing in India, announced a partnership with Wego, the leading travel app in the Middle East and North Africa, today. The agreement will integrate Zoomcar’s self-drive rental options directly into Wego’s platform, allowing international tourists to book vehicles throughout India. The partnership enables Wego users to… Continue reading Zoomcar Partners with Wego to Offer Self-Drive Options for International Tourists in India

Magma General Insurance Partners with Toyota Tsusho to Expand Car Insurance Reach

Magma General Insurance Limited has formed a strategic partnership with Toyota Tsusho Insurance Broker India Pvt. Ltd. (TTIBI) to expand its presence in the passenger vehicle insurance market, the companies announced today in Mumbai. Under the agreement, TTIBI will distribute Magma’s motor insurance products covering accidents, theft, natural disasters, and third-party liabilities through its network… Continue reading Magma General Insurance Partners with Toyota Tsusho to Expand Car Insurance Reach

GreenCell Mobility Secures 1,200 Electric Bus Order Under PM E-Bus Sewa Scheme

GreenCell Mobility has secured an order for over 1,200 electric buses from Convergence Energy Services Limited (CESL) under the PM E-Bus Sewa Scheme, according to an announcement made on May 14, 2025. The company received a Letter of Award for 472 Eicher electric buses in Madhya Pradesh and 750 buses from Pinnacle Mobility Solutions in… Continue reading GreenCell Mobility Secures 1,200 Electric Bus Order Under PM E-Bus Sewa Scheme

GreenCell Mobility Secures 1,200 Electric Bus Order Under PM E-Bus Sewa Scheme

Sterling Tools Partners with UK’s Advanced Electric Machines to Manufacture Magnet-Free Motors in India

Sterling Tools Limited has signed a technology licensing agreement with UK-based Advanced Electric Machines (AEM) to manufacture rare earth magnet-free traction motors for electric vehicles in India. The partnership, announced on May 14, 2025, will enable Sterling’s subsidiary Sterling Gtake (SGEM) to produce these motors at its Faridabad plant. The agreement aims to offer an… Continue reading Sterling Tools Partners with UK’s Advanced Electric Machines to Manufacture Magnet-Free Motors in India

Hyundai’s myHyundai App Surpasses 2.6 Million Registered Users

Hyundai Motor India Limited (HMIL) announced that its customer-focused myHyundai app has surpassed 2.6 million registered users, solidifying its role as a comprehensive platform for Hyundai customers. The app, designed to provide seamless access to Hyundai-related products, services, and benefits, offers features such as car purchases, test drive scheduling, service booking, EV charging solutions, document… Continue reading Hyundai’s myHyundai App Surpasses 2.6 Million Registered Users