Autocar_Professional India Online News – Page 1921

ICRA revises FY2024 outlook for toll roads to stable from positive

ICRA has revised the outlook on the toll roads sector to stable from positive for FY2024, against the backdrop of easing WPI inflation to 4.95 percent in December 2022 and an expected WPI inflation of less than 2 percent in March 2023. The inflation-linked toll hike should be relatively modest at 2-5 percent in FY2024,… Continue reading ICRA revises FY2024 outlook for toll roads to stable from positive

Skoda Auto Volkswagen India installs 18.5 MW solar rooftop at Chakan plant

Skoda Auto Volkswagen India has taken another significant step towards green energy. In line with the Volkswagen Group’s global ‘goTOzero’ mission, the company has inaugurated a 18.5 MW solar-power rooftop at its Chakan plant in Pune, Maharashtra. Besides reducing its dependence on non-renewable energy, this move will help meet the Group’s global target of carbon… Continue reading Skoda Auto Volkswagen India installs 18.5 MW solar rooftop at Chakan plant

Hyundai Mobis wins global business worth $4.7 billion in 2022, targets $5.4 billion this year

Hyundai Mobis wins global business worth $4.7 billion in 2022, targets $5.4 billion this year Hyundai Mobis has reported record-breaking business orders totalling $4.7 billion from global automakers in 2022. This is the highest since the company began to fully engage with the global automotive components market in the early 2000s. Hyundai Mobis’ global orders, termed… Continue reading Hyundai Mobis wins global business worth $4.7 billion in 2022, targets $5.4 billion this year

Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines

Piaggio Vehicles Pvt Ltd (PVPL), the 100% Indian subsidiary of the Piaggio Group, has announced the entry of its Apé Electrik three-wheeler in the Philippines. The electric three-wheelers, which are manufactured in PVPL’s plant in Baramati, Maharashtra, will be exported to the Philippines. The Apé E-City and Apé E-xtra are equipped with Sun Mobility’s advanced battery-swapping technology. Pisggio… Continue reading Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines

Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines

Marelli high-performance e-motors power Maserati’s first full-electric car

Global automotive supplier Marelli has announced that it is the supplier of key technologies to the first all-electric Maserati – the GranTurismo Folgore. The extreme performance of the vehicle – with a total installed power of 1200 hp – are ensured by one of the most compact e-motor solutions on the automotive market, fully developed… Continue reading Marelli high-performance e-motors power Maserati’s first full-electric car

Mahindra XUV300 turns four, sells over 185,000 units since launch

Launched on Valentine’s Day in 2019 in the Indian market, the Mahindra XUV300 has turned four years old today – February 14, 2023. From launch through to end-January 2023, it is estimated that Mahindra & Mahindra’s compact SUV has sold a total of 185,782 units in the Indian market. Proof of the XUV300’s strong market… Continue reading Mahindra XUV300 turns four, sells over 185,000 units since launch

South Indian Bank inks MoU with Maruti Suzuki for Dealer and Retail Car financing

South Indian Bank inks MoU with Maruti Suzuki for Dealer and Retail Car financing South Indian Bank has announced the signing of an MoU with Maruti Suzuk India (MSIL) for dealer and retail car financing to help dealer partners streamline vehicle inventory funding and offer comprehensive retail financing solutions to the customers of Maruti Suzuki. Murali… Continue reading South Indian Bank inks MoU with Maruti Suzuki for Dealer and Retail Car financing

Castrol India reports flat net profit as high forex and volatility in crude prices keeps company on toes

Castrol India reports flat net profit as high forex and volatility in crude prices keeps company on toes Castrol India reported a net profit of Rs 193 crore for Q4 CY22, a slight jump of 2.12 percent over the previous year’s net profit of Rs 189 crore. The company follows a calendar year basis (January… Continue reading Castrol India reports flat net profit as high forex and volatility in crude prices keeps company on toes

Shell introduces Helix HX8 0W20 engine oil for turbo-GDI engines

Shell Lubricants has rolled out its latest engine oil specifically designed for BS VI turbocharged gasoline direct injection (TGDI) engines which are increasingly becoming commonplace in modern-day cars owing to the stringent emission regulations. The new Shell Helix HX8 SP OW20 engine oil is the latest addition in the company’s passenger vehicle lubricant portfolio and comes as a… Continue reading Shell introduces Helix HX8 0W20 engine oil for turbo-GDI engines