Ampere Electric Vehicles, the electric mobility arm of the Mumbai-based Greaves Cotton, today launched the new Magnus Pro, the first of what are to be a number of new high-speed premium offerings. The company claims the Magnus Pro offers the best-in-class performance and comfort, a range of 75-80km per charge, and a maximum speed of 55kph.… Continue reading Ampere Electric launches new Magnus Pro at Rs 73,990, bets on premium e-scooters
Author: Autocar_Professional India Online News
Tata Motors to discontinue its JT Special Vehicles joint venture
Tata Motors has announced that it is to discontinue its JT Special Vehicles (JTSV) venture with Jayem Automotives. JTSV was formed as a 50:50 joint venture between Tata Motors and Jayem Automotives in March 2017 and was tasked with the job of developing performance-oriented ‘JTP’ versions of Tata’s passenger vehicle range. The Tiago JTP and Tigor JTP were the… Continue reading Tata Motors to discontinue its JT Special Vehicles joint venture
M&M stops further investments in SsangYong, to shut Genze
Stung by steep losses arising from its international businesses, Mahindra & Mahindra (M&M) has decided to stop any further investments in Ssangyong Motors. The company is said to be aggressively looking for an investor and has not ruled out completely exiting from its South Korean subsidiary. The company announced a ‘Walk-Run-Fly’ strategy to drive the automotive and… Continue reading M&M stops further investments in SsangYong, to shut Genze
Passenger vehicle volumes to plunge to 10-year low in FY2021: CRISIL
Ratings agency CRISIL expects passenger vehicles (PVs) sales volume (including exports1) to plunge by 22-25% this fiscal to a decadal low of ~26.5 lakh units. That would mark the second straight year of double-digit volume decline after the 15% fall seen in fiscal 2020. Yet the credit quality of most passenger vehicle (PV) makers… Continue reading Passenger vehicle volumes to plunge to 10-year low in FY2021: CRISIL
Maxxis India’s Sanand plant resumes partial production
Maxxis India has announced partial resumption of its manufacturing operations at its Sanand plant in Gujarat with restricted manpower. Maxxis Tyres is a wholly owned subsidiary of Cheng Shin Rubber, which is said to be the largest two-wheeler tyre manufacturer and the ninth largest tyre company in the world. The tyre maker says the Sanand… Continue reading Maxxis India’s Sanand plant resumes partial production
AI technology could be as profitable as selling cars: Mercedes-Benz
Mercedes-Benz is investing heavily in its MBUX infotainment system because of the potential for making money from offering online services, which in future could rival the profits made from selling cars. Mercedes introduced the latest version of MBUX on the A-Class in 2018, and the system is now available across virtually its entire model line-up. A key… Continue reading AI technology could be as profitable as selling cars: Mercedes-Benz
Jaguar Land Rover’s Castle Bromwich plant to stay shut until August 10
Jaguar Land Rover (JLR) won’t restart production at its Castle Bromwich factory until 10 August at the earliest, it has been confirmed. The plant, which produces the Jaguar XE and XF sedans and the F-Type sports car, is the base for more than 2,000 JLR employees. It will also be the production site for the upcoming XJ electric saloon, which is due to be… Continue reading Jaguar Land Rover’s Castle Bromwich plant to stay shut until August 10
Tata Power partners MG Motor India to deploy fast chargers at select MG dealerships
Tata Power, one of India’s largest integrated power utility, has signed a memorandum of understanding (MoU) with MG Motor. As part of the association, Tata Power will deploy 50KW DC superfast chargers at select MG dealership locations and offer end-to-end EV charging solutions to MG dealerships spread across India. This comes in addition to the… Continue reading Tata Power partners MG Motor India to deploy fast chargers at select MG dealerships
Continuing headwinds for India Auto Inc could mean huge job losses: ACMA
The automotive component sector may see huge job losses if the automobile sector continues to face headwinds due to lack of demand amid the coronavirus pandemic, apex component supplier body Automotive Component Manufacturers Association of India (ACMA) has said. The auto component industry, which employs around five million, saw its sales decline by 18 percent… Continue reading Continuing headwinds for India Auto Inc could mean huge job losses: ACMA
Mahindra Electric targets 2023 for spurt in personal EV sales
As the nascent electric vehicle ecosystem is beginning to see some action in India with recent launches from players such as Tata Motors, Hyundai Motor India, and MG Motor India, the pioneer of e-mobility in the country, Mahindra Electric believes that it is not lagging behind but rather working with a long-term vision to prosper… Continue reading Mahindra Electric targets 2023 for spurt in personal EV sales