Autocar_Professional India Online News – Page 1919

‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis

‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis “With EVs it is not a technology problem, but more of an affordability problem,” says Carlos Tavares, the global CEO of Stellantis, the world’s fifth largest automaker. The company is planning to address that challenge for Europe by exporting cars from… Continue reading ‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis

‘Affordable EVs for Europe can come from India’ – Carlos Tavares, Global CEO, Stellantis

India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA

The government of India’s ambitious production linked incentive (PLI) schemes for semiconductors and ACC batteries will trigger an annual investment of Rs one lakh crore in manufacturing capex from FY24, rising to Rs 1.7 lakh crore by FY26, said the rating agency ICRA. The Indian Government’s PLI scheme supports Make in India and helps… Continue reading India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA

Piaggio opens new production facility in Indonesia

The Piaggio Group has inaugurated a new production facility in Jakarta, the capital of Indonesia, a market of growing importance for the Italian automaker. Built on a 55,000 square metre site, the new factory is located in the Cikarang district of West Java. “The new plant in Indonesia sees the Piaggio Group take another stride forward in the strategic… Continue reading Piaggio opens new production facility in Indonesia

India and Sweden join forces for a carbon-neutral tomorrow

Green goals, sustainable business practices and climate-friendly initiatives received a further impetus as India’s long-term trade partner Sweden launched the India-Sweden Green Transition Partnership (ISGTP) as part of the Indian Sweden Sustainability and Green Transition Day event today in Mumbai. The launch symbolises the two countries’ joint commitment to promote exchange of carbon-neutral business practices… Continue reading India and Sweden join forces for a carbon-neutral tomorrow

Branded Content: Marelli India’s new Technical R&D Centre in Bengaluru

Global Tier-1 giant Marelli is embarking on a new growth journey in India with a brand-new Technical R&D Centre commissioned in the country’s software capital – Bengaluru. Marelli India’s new facility will focus on innovating end-to-end products such as integrated cockpit solutions for cars as well as high-power compute units and large, edge-to-edge displays. The… Continue reading Branded Content: Marelli India’s new Technical R&D Centre in Bengaluru

Quiklyz signs MOUs with five last mile mobility players to deliver 1,000 electric three wheelers

Quiklyz signs MOUs with five last mile mobility players to deliver 1,000 electric three wheelers Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), has signed memorandums of understanding (MOU) with prominent Last Mile Mobility players for leasing over 1,000 electric three-wheelers. Quiklyz plans to deliver these leased… Continue reading Quiklyz signs MOUs with five last mile mobility players to deliver 1,000 electric three wheelers

Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units

Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units The new plant, which employs 1,600 personnel, is twice the size of the first plant and has two vehicle and three battery lines. Increased automation levels mean assembly times are down by 20 percent. Bengaluru-based electric scooter manufacturer Ather Energy today… Continue reading Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units