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
Author: Autocar_Professional India Online News
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
FADA appoints Manish Raj Singhania as its new president
The Federation of Automobile Dealers Associations (FADA), the apex national body of automobile retail in India, today announced the appointment of Manish Raj Singhania as FADA’s 36th President and for the years 2022-24. He takes over from Vinkesh Gulati, who was FADA President for 2020-2022. Manish Raj Singhania is the managing partner of Ralas Motors based in Raipur,… Continue reading FADA appoints Manish Raj Singhania as its new president
Mercedes-Benz India launches the all-new luxury electric saloon EQS 53 4Matic+
With luxury and performance EVs making their presence felt in the Indian market, Mercedes-Benz India has in quick succession launched its second contender — the Mercedes AMG EQS 53 4MATIC+. The car will be imported as CBU units and will cost Rs 2.45 crore ex-showroom. The Incoming model is the first all-electric AMG production model based… Continue reading Mercedes-Benz India launches the all-new luxury electric saloon EQS 53 4Matic+
Toyota-led tech group expels Hino Motors
The Commercial Japan Partnership Technologies Corporation (CJPT) has expelled Hino Motors (Hino) in light of Hino’s misconduct concerning certification testing. Toyota is a shareholder in Hino Motors. Since its establishment in April 2021, the CJPT has been working in the field with its partners to accelerate the spread of CASE, thereby aiming to contribute in… Continue reading Toyota-led tech group expels Hino Motors