Bharat Forge has provided Rs 89 crore towards impairment of its investment in Tevva Motors (Jersey) Ltd, the company said in a regulatory filing today. In June 2018, Bharat Forge had taken a strategic stake in the UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles for 10 million pounds (about Rs… Continue reading Bharat Forge writes off its investment in e-truck maker Tevva Motors
Author: Autocar_Professional India Online News
ACMA flags off supply chain issues due to delay in getting Chinese-made parts
The past few days have seen news about inordinate delays in Indian industry receiving import consignments from China, possibly a result of the collateral damage in the relationship between the two countries as a result of recent clash in Ladakh. It is understood that import consignments from China are being subjected to 100 percent manual… Continue reading ACMA flags off supply chain issues due to delay in getting Chinese-made parts
Bajaj Auto’s Waluj plant sees 140 cases of Covid-19, operations to continue
At least 140 employees and contractors employed at Bajaj Auto’s Waluj plant have tested positive for Covid-19. Two of those infected have succumbed to the infection, the company has said in a statement. Commenting on the development, Ravi Kyran Ramasamy, CHRO at Bajaj Auto said, “We have more than 8,100 employees and contractors employed in… Continue reading Bajaj Auto’s Waluj plant sees 140 cases of Covid-19, operations to continue
Apollo Tyres’ new plant in Andhra Pradesh goes on stream
Apollo Tyres has commissioned its seventh manufacturing unit globally, and its fifth in India today. The first tyre rolled out today from the Andhra Pradesh greenfield facility in the southern part of the country. Chairman Onkar S Kanwar, vice-chairman and MD, Neeraj Kanwar, supervisory Board members along with the entire senior management team participated virtually… Continue reading Apollo Tyres’ new plant in Andhra Pradesh goes on stream
‘Deepfake’ tech to accelerate autonomous car development
Oxbotica, a start-up founded by Oxford University graduates, is using a technology called ‘deepfaking’. First used to create fake internet videos, it employs deep-learning artificial intelligence (AI) to generate thousands of photo-realistic images in minutes. Two co-evolving AI systems generate the data. One attempts to create the most convincing fake images it can while the other tries… Continue reading ‘Deepfake’ tech to accelerate autonomous car development
Bridgestone India introduces contactless tyre servicing
Leading tyre manufacturer, Bridgestone India has launched contactless tyre servicing platform the ‘Bridgestone Bookmyservice’, which allows customers to book appointment online and make them spend less time in outlets with these pre-planned visits. The company says this will also allow Bridgestone channel partners to implement appropriate social distancing measures at the outlets, which are necessary… Continue reading Bridgestone India introduces contactless tyre servicing
Honda begins rolling out fifth-gen City sedan for India
Honda Cars India has begun production of the new fifth-generation City sedan at its Greater Noida plant in Uttar Pradesh, ahead of the car’s launch in July. The plant had resumed manufacturing operations from mid-June. Rajesh Goel, senior vice-president and director, Honda Cars India, said, “The aspirational sedan comes with a rich legacy of over 22 years across four… Continue reading Honda begins rolling out fifth-gen City sedan for India
Geely launches its biggest SUV yet – Hao Yue
Chinese automaker Geely Auto officially launched its first seven-seat D-segment SUV, Hao Yue in an entirely online launch ceremony today. The seven-seat SUV marks Geely Auto’s entry into a highly competitive market segment that is currently dominated by foreign joint-venture brands in the Chinese market. Geely says it aims to challenge the competition by offering… Continue reading Geely launches its biggest SUV yet – Hao Yue
Renault discontinues Captur SUV in India
Renault India has quietly pulled the Captur SUV out of its showroom, marking the end of the road for its flagship product in India. Launched on November 6, 2017, at Rs 999,000 for the petrol model and Rs 11.39 lakh for the diesel, the Captur never really got a foothold in the domestic market and… Continue reading Renault discontinues Captur SUV in India
Osamu Suzuki urges Maruti Suzuki’s component suppliers to “build up enough inventory”
Suzuki Motor Corporation (SMC) chairman Osamu Suzuki has reached out to Maruti Suzuki India (MSIL) component suppliers to solicit their support in the ongoing difficult time for the automotive industry. He has urged the company’s suppliers to ready a “contingency plan for production recovery and inventory increase in preparation for the second wave of Covid-19 pandemic.”… Continue reading Osamu Suzuki urges Maruti Suzuki’s component suppliers to “build up enough inventory”