Author: Autocar_Professional India Online News

India to drop windfall tax if crude falls to $40 a barrel: Report

India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels, the news agency Reuters has said. The agency was quoting Revenue Secretary Tarun Bajaj. Brent crude futures slipped on Monday to about $111.27 a barrel, as fears… Continue reading India to drop windfall tax if crude falls to $40 a barrel: Report

Daimler India CV turns 10, aims for carbon-free operations in Chennai by 2025

Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG, is  celebrating 10 years of business operations in India. DICV started in 2012 with the goal to transform the Indian commercial vehicle industry with new benchmarks in engineering, safety and comfort in BharatBenz-branded trucks and buses. In its first decade in the Indian… Continue reading Daimler India CV turns 10, aims for carbon-free operations in Chennai by 2025

Israel’s City Transformer and Segula Tech to accelerate CT-1 e-microcar development

City Transformer, the EV tech disruptor from Israel, has chosen Segula Technologies as its engineering development partner. The move will see the two companies use their expertise, know-how and innovation in further developing the pioneering all-electric foldable CT-1 microcar. Segula will support the CT-1 development team across all aspects of design, engineering and technology implementation.… Continue reading Israel’s City Transformer and Segula Tech to accelerate CT-1 e-microcar development

Gestamp and SSAB develop lighter, stronger steel

Front lower control arm. Docol 1000CP steel has been developed specifically to fabricate a Toyota Yaris chassis product. Together with SSAB, Gestamp has developed a new steel with a high strength level and at the same time a good formality, lighter and therefore more respectful of the environment, to manufacture chassis part for the Toyota… Continue reading Gestamp and SSAB develop lighter, stronger steel

Maruti looks to increase share in premium SUV segment

As Maruti Suzuki India (MSIL) gears up to launch its midsize SUV, jointly developed with Suzuki’s global alliance partner Toyota, there could be challenges with respect to customer acceptance of the brand in a price range that is likely to breach the Rs 20-lakh mark. While Toyota’s Indian arm Toyota Kirloskar Motor (TKM) has already… Continue reading Maruti looks to increase share in premium SUV segment

Nissan India appoints Mohan Wilson as Director Marketing

Nissan India has appointed Mohan Wilson as Director Marketing, Product and Customer Experience for the Indian market. He will replace Sriram Padmanabhan with effect from July 1, 2022. Mohan will report to Rakesh Srivastava, Managing Director, Nissan Motor India and he will be based in Chennai. In addition to transforming the India business, he will be… Continue reading Nissan India appoints Mohan Wilson as Director Marketing

Hyundai sells 340,534 units globally in June, India contributes 14%

Hyundai Motor Company has registered global sales of 340,534 units in June 2022, a 5.2-percent increase from the previous month and a 4.5-percent decrease year over year. In markets outside of Korea, Hyundai Motor sold a total of 281,024 units, a 7.9-percent increase from May and a 2.5-percent year-on-year decrease. Despite global component shortage issues… Continue reading Hyundai sells 340,534 units globally in June, India contributes 14%