The company has signed an MoU with the Tamil Nadu government. Chennai-headquartered EV startup Bharat Alt Fuel (BAF) announced an investment of Rs 250 crore for setting up a greenfield facility in Krishnagiri, Tamil Nadu to manufacture Electric Vehicles (EVs), batteries and motors. This integrated facility will be built over 40,000 sq metres and commence… Continue reading Bharat Alt Fuel to invest Rs 250 crore
Author: Autocar_Professional India Online News
EV sales in India cross 210,000 units in Q1, charge towards new record in FY2023
If the green shoots of retail recovery across segments are evident in the 27% year-on-year growth in the IC engine-powered automobile industry in the first quarter of FY2023, what’s also evident is the massive surge in demand for their truly eco-friendly and green siblings – electric vehicles (EVs). On-ground retail sales data, gleaned from FADA… Continue reading EV sales in India cross 210,000 units in Q1, charge towards new record in FY2023
Daimler Truck, Traton and Volvo kick off European charging infrastructure JV
L-R: Martin Daum, CEO Daimler Truck; Christian Levin, CEO, Traton Group and Martin Lundstedt, President and CEO Volvo Group. Daimler Truck, the Traton Group and the Volvo Group have completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed… Continue reading Daimler Truck, Traton and Volvo kick off European charging infrastructure JV
M&M’s electric, SUV focus driving gains for the stock on Dalal Street
The M&M stock kicked off trade on a strong note and has maintained a steady pace in intra-day trade on July 8 as the market responded to the British International Investment’s strategic investment. BII will invest up to Rs 1,925 crore in the form of compulsory convertible instruments at a valuation of up to Rs… Continue reading M&M’s electric, SUV focus driving gains for the stock on Dalal Street
Infineon’s radar sensor for automotive promises plenty
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JLR’s Q1FY23 retail sales rmains constrained by chip shortage
Jaguar Land Rover (JLR) reported that its sales volume continued to remain constrained by global chip shortage, compounded by the run out of the prior model Range Rover Sport,with deliveries just starting and the impact of lockdown in China. The development comes even as the company has witnessed its orderbook surging to almost 200,000 units,… Continue reading JLR’s Q1FY23 retail sales rmains constrained by chip shortage
Mahle Powertrain opens cutting-edge vehicle and battery test facilities
MAHLE Powertrain has announced the completion of two new facilities in c, the result of a £15 million (Rs 143 crore) investment over the last five years (including £3.6m of UK government funding). This, the company says, will deliver much-needed testing capability as the automotive industry accelerates its transition towards decarbonised propulsion. The purpose-built facilities… Continue reading Mahle Powertrain opens cutting-edge vehicle and battery test facilities
Nissan India opens bookings for its Magnite RED Edition
Nissan Motor India today announced the start of pre-bookings for the Nissan Magnite RED edition, which is scheduled to be officially launched on July 18 and will be available in three variants: Magnite XV MT RED Edition, Magnite Turbo XV MT RED Edition, and Magnite Turbo XV CVT RED Edition. Nissan Magnite, with over 100,000… Continue reading Nissan India opens bookings for its Magnite RED Edition
Volkswagen enters global battery business with PowerCo
Volkswagen, which is aggressively driving its e-mobility strategy, yesterday broke ground for its first cell factory in Salzgitter today in the presence of German Chancellor Olaf Scholz. Production will start in 2025. Responsibility for global battery business is to be held by the newly created company ‘PowerCo’. In addition to cell production, the new company… Continue reading Volkswagen enters global battery business with PowerCo
Pricol signs tech partnership with BMS PowerSafe
Francois Enez, Business Manager, BMS PowerSafe; Thomas Debuisser, CEO, BMS PowerSafe; Siddharth Manoharan, Chief Strategy Officer, Pricol ; Benoit Lalande, Technical Director, BMS PowerSafe. Pricol has announced an exclusive technology partnership with BMS PowerSafe, a French company that is a part of the Startec Energy Group, to manufacture Battery Management System (BMS) for electric vehicles… Continue reading Pricol signs tech partnership with BMS PowerSafe