German Tier 1 supplier Brose and Volkswagen, one of the leading vehicle manufacturers have announced joint venture for seat systems christened ‘Brose Sitech’ goes live. Both the companies had announced their intent to establish the 50:50 stake JV in July 2020, which is headquarters in Polkowice, Poland. The JV employees more around 5,000 employees at… Continue reading Brose, Volkswagen establish JV Brose Sitech for seat systems
Author: Autocar_Professional India Online News
British EV start-up to set up Rs 250 crore plant in Telangana
British EV start-up One-Moto which is planning to launch three e-scooters – Commuta, Electa and Byka – with a starting price of Rs 120,000 in January 2022 signed an MoU with the Telangana government for setting up its India manufacturing unit. The facility is expected to come up on the outskirts of Hyderabad with a manufacturing… Continue reading British EV start-up to set up Rs 250 crore plant in Telangana
Naveen Soni takes over as President of Lexus India
Naveen Soni takes over as President of the Lexus brand at Toyota Kirloskar Motor (TKM) from January 1. He succeeds PB Venugopal who will move over to a senior role in product planning. Soni has been spearheading sales and service in his capacity as Senior Vice President through 2020 and 2021 when the pandemic caused… Continue reading Naveen Soni takes over as President of Lexus India
Reliance acquires UK-based sodium-ion battery company, to accelerate EV offering
Reliance New Energy Solar (RNES), a wholly-owned subsidiary of Reliance Industries has signed a definitive agreements to acquire 100% shareholding in UK-based Faradion, a leading company working on sodium-ion battery technology for GBP 100 million (Rs 905 crore). In addition, RNES will also invest GBP 25 million (Rs 227 crore) as growth capital to accelerate… Continue reading Reliance acquires UK-based sodium-ion battery company, to accelerate EV offering
IEA’s Siddharth Singh: ‘Renewables will outpace coal in power generation in India’
India’s vehicle parc will double in the next 20 years and among the impediments to speedier adoption of EVs is the lack of private charging facilities. Siddharth Singh, a consultant with the International Energy Agency and one of the lead authors of the India Energy Outlook, says scale and policies can help tilt the balance. … Continue reading IEA’s Siddharth Singh: ‘Renewables will outpace coal in power generation in India’
SUV sales surge in India: 9.3 million units in 16 years
If there is one vehicle category which has made industry, in India and the world over, stand up and take notice then it is the Utility Vehicle (UV) or Sports UV (SUV) segment. Even the pandemic had far less of an impact on this segment as it did on others. The reason is not difficult… Continue reading SUV sales surge in India: 9.3 million units in 16 years
Mike Hawes: ‘Demand for green vehicles set to continue into 2022’
As the British automotive industry moves ahead with its initiatives to decarbonise road transport, the Chief Executive of the UK’s Society of Motor Manufacturers and Traders (SMMT) says more EVs were registered in 2021 than the combined registrations in the last decade. How well prepared is the UK automotive industry to tackle the transition to electrification? With a… Continue reading Mike Hawes: ‘Demand for green vehicles set to continue into 2022’
Martin Schwenk: ‘I hope that the current level of GST on EVs remains’
Mercedes-Benz India’s MD and CEO Martin Schwenk says an increased level of consumer interest towards sustainable driving and EVs will see it accelerate its new model launch programme. He also offers five mantras to drive faster adoption of EVs in India. How do you view EVs evolving in the passenger vehicle segment in India?There are… Continue reading Martin Schwenk: ‘I hope that the current level of GST on EVs remains’
Lucas TVS gets future-ready with 10 GWh gigafactory
Tamil Nadu has been in the news for the past couple of months what with the Tamil Nadu Investment Conclave, a gaggle of electric scooter OEMs announcing plans for new plants in the state, growing number of EV dealers and various players entering EV charging infrastructure. While this is all about the EV ecosystem, the… Continue reading Lucas TVS gets future-ready with 10 GWh gigafactory
Suba Plastics looking to diversify to de-risk
On December 10, SIAM released November 2021’s wholesales numbers for India Auto Inc and the news is not good. There is a sea of red across vehicle segments and there is a decline both year-on-year as well as month-on-month. Despite November being a festive month, the passenger vehicle sector is down 19 percent and two-wheelers… Continue reading Suba Plastics looking to diversify to de-risk