Author: Autocar_Professional India Online News

Chinese auto giant BYD set to enter India in October

BYD which is counted as the world’s third-most valuable carmaker after Tesla and Toyota with a market capitalization of about $127.5 billion has plans to drive into the Indian electric vehicle market in the upcoming festival season. The company is looking to assemble vehicles in Sriperumbudur, near Chennai even as the plan is to sell nearly 10000… Continue reading Chinese auto giant BYD set to enter India in October

Motherson sigs MoU with Saudi Arabia Investment Ministry

Indian automotive Tier-1 giant Motherson Group under Samvardhana Motherson International (SAMIL) and the Ministry of Investment, Kingdom of Saudi Arabia (MISA), have signed a Memorandum of Understanding (MoU), which aims to identify investment development opportunities for industrial and service activities in the Kingdom of Saudi Arabia (KSA). The MoU encourages joint cooperation by SAMIL and MISA… Continue reading Motherson sigs MoU with Saudi Arabia Investment Ministry

UNO Minda to invest Rs 300 crore in capacity expansion

Uno Minda, one of India’s leading Tier-1 suppliers of proprietary automotive solutions and systems to original equipment manufacturers (OEMs) is investing around Rs  300 crores to expand manufacturing capacity of four-wheeler alloy wheels and switches. Minda Kosei Aluminum Wheel, a subsidiary of Uno Minda will expand its four-wheeler alloy wheel capacity by 60,000 wheels per month… Continue reading UNO Minda to invest Rs 300 crore in capacity expansion

Audi India plans countrywide roadshow for new Q3

Audi India today announced an all-India roadshow for the new Audi Q3. A German-spec show car will be showcased at 29 Audi India dealerships.  Set to commence in September 2022, the roadshow will give potential buyers an opportunity to see the new Audi Q3 ahead of deliveries. Balbir Singh Dhillon, Head of Audi India, said,… Continue reading Audi India plans countrywide roadshow for new Q3

Mercedes-Benz takes the road to circular economy

German luxury carmaker Mercedes-Benz is pursuing the goal of increasingly decoupling resource consumption from growth in production output. The company says it is striving to increase the proportion of recycled materials in its car fleet to an average of 40 percent by 2030. “On our journey to an all-electric future, we are rethinking the composition… Continue reading Mercedes-Benz takes the road to circular economy

Ultraviolette raises funds from EXOR Capital

Ultraviolette Automotive has said it raised a fresh round of capital from a fund managed by EXOR Capital. This investment is part of an ongoing (Series D) round of funding, with EXOR Capital as the lead investor. With this investment, the fund now joins the cap table along with TVS Motor, Zoho Corporation, GoFrugal Technologies, and… Continue reading Ultraviolette raises funds from EXOR Capital

Mahindra Finance upbeat as vehicle sales rebound

With buoyancy back in vehicle sales, Ramesh Iyer is confident enough to state that the future looks bright for his company.  Yet, the Vice-Chairman and Managing Director of Mahindra Finance still sounds out a note of caution. “Has it gone back to the pre-Covid levels? I may still be hesitant stating this even though almost… Continue reading Mahindra Finance upbeat as vehicle sales rebound

Government plans Multi-Modal Logistics Parks to achieve world-class efficiencies

Nitin Gadkari: Providing seamless modal shift, MMLPs will ensure that cargo is swapped/shifted from and to waterways, dedicated freight corridors and road transport. (Image: Nitin Gadkari/Twitter) Union Minister of Road Transport and Highways Nitin Gadkari, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, and Union Minister of State for Road Transport &… Continue reading Government plans Multi-Modal Logistics Parks to achieve world-class efficiencies

Government plans Multi-Modal Logistics Parks to achieve world-class logistics efficiencies

Nitin Gadkari: Providing seamless modal shift, MMLPs will ensure that cargo is swapped/shifted from and to waterways, dedicated freight corridors and road transport. (Image: Nitin Gadkari/Twitter) Union Minister of Road Transport and Highways Nitin Gadkari, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, and Union Minister of State for Road Transport &… Continue reading Government plans Multi-Modal Logistics Parks to achieve world-class logistics efficiencies