Hyundai Motor India invests Rs 1,474 crore in FY22 to ramp up output to 8.5 lakh units South Korean car maker, Hyundai Motor India is ramping up capacity at its Sriperumbudur plant on the outskirts of Chennai and has invested Rs 1,474 crore in FY-22 to increase output to 8.5 lakh units and prepare itself… Continue reading Hyundai Motor India invests Rs 1,474 crore in FY22 to ramp up output to 8.5 lakh units
Author: Autocar_Professional India Online News
CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST
CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST Causis E-Mobility- a part of London headquartered CAUSIS Group is into manufacturing and supplying of electric vehicles and the associated infrastructure of chargers and related green technology applications is in advanced stages of raising Rs 1400 crore funding for… Continue reading CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST
Hyundai Motor India enters General Insurance market
In a bid to grab a larger pie of the overall value chain of vehicle acquisition, Hyundai Motor India in FY22 ventured into the “Insurance” segment through Hyundai India Insurance Broking Private Limited. The new company has obtained registration with Insurance Regulatory Development Authority or (IRDAI) as a Direct Broker — General, Hyundai Motor said… Continue reading Hyundai Motor India enters General Insurance market
Mercedes-Benz Trucks showcases eActros LongHaul for construction site deliveries at Bauma
Mercedes-Benz Trucks showcases eActros LongHaul for construction site deliveries at Bauma Mercedes-Benz Trucks is to display several fully battery-electric trucks for construction site applications at this year’s Bauma, the world’s leading construction industry trade show that takes place in Munich from October 24 to 30. At the event, Mercedes-Benz Trucks will also showcase the concept… Continue reading Mercedes-Benz Trucks showcases eActros LongHaul for construction site deliveries at Bauma
Ramkrishna Forgings wins Rs 121 crore EV parts order from Swedish OEM
Ramkrishna Forgings, one of India’s leading suppliers of rolled, forged and machined products, has bagged a long-term supply contract worth 15 million euros (Rs 121 crore} from a Swedish OEM. The supply order is for two components – tie rod arm tag and spring link – for an electric vehicle for supplies till 2030. Commenting… Continue reading Ramkrishna Forgings wins Rs 121 crore EV parts order from Swedish OEM
Maruti Suzuki strengthens its grip on car exports in H1 FY2023
India’s passenger vehicle industry, which is on a roll in the domestic market with sales of 1.93 million units and 40% year-on-year growth, is also the best performing on the export front across vehicle segments in first-half FY2023. Given current high inflationary trends the world over and the sharp rise of the dollar, overall exports… Continue reading Maruti Suzuki strengthens its grip on car exports in H1 FY2023
Flex fuel hybrid vehicles can be a good solution for India: Praj Industries’ Shishir Joshipura
Flex fuel hybrid vehicles can be a good solution for India: Praj Industries’ Shishir Joshipura Praj Industries says country’s first flex fuel hybrid car demonstrator that was unveiled by Toyota in October could turn out to be an ideal solution for the country as it does not restrict ethanol blending fuel levels to just 20 percent… Continue reading Flex fuel hybrid vehicles can be a good solution for India: Praj Industries’ Shishir Joshipura
GNCAP safety ratings get new markers to differentiate from older protocol
Earlier this year, Global NCAP’s updated and more stringent testing protocols for Safer Cars for India programme came into effect. And more recently, the Skoda Kushaq and Volkswagen Taigun were the first models to be tested and awarded a 5-star rating under the updated protocols. What this also means is that all ratings awarded by GNCAP on models tested under the previous protocol… Continue reading GNCAP safety ratings get new markers to differentiate from older protocol
Rajratan Global sales drop, new markets being explored
Indore, India headquartered Rajratan Global Wire, which has a bead wires manufacturing set-up in Thailand, has reported a marginal drop in performance of 10.16 percent YoY to Rs 15.92 crore during Q2FY23. Slow demand from local exporters in Thailand has been cited as the main reason. Sunil Chordia, Chairman and Managing Director, Rajratan Global Wire said, “This has pulled… Continue reading Rajratan Global sales drop, new markets being explored
Gestamp showcases EV-focused innovations at IZB 2022
Gestamp, the Spanish multinational Tier 1 supplier which specialises in the design, development and manufacturing of metal components for the automotive sector, showcased an array of products and innovations at the IZB (International Suppliers Fair) 2022 held in Wolfsburg, Germany from October 11-13. The company displayed extreme size parts, battery boxes, cell-to-pack concepts, joining technologies,… Continue reading Gestamp showcases EV-focused innovations at IZB 2022