Autocar_Professional India Online News – Page 1946

‘Expect FAME subsidy to continue for a few more years’: Mahesh Babu

While electrification is on the rise across vehicle categories in the Indian market, the electric bus (e-bus) segment has particularly seen a sharp growth in the recent past owing to various state transport undertakings (STUs) placing big orders for greener public transportation solutions. According to Mahesh Babu, CEO, Switch Mobility, “India is making an intense… Continue reading ‘Expect FAME subsidy to continue for a few more years’: Mahesh Babu

Lucas TVS ties up with ARENQ for speedy delivery of e-motors and controllers across India

Lucas TVS ties up with ARENQ for speedy delivery of e-motors and controllers across India Chennai-based Lucas TVS, which was among the first Indian Tier 1 component suppliers to diversify into manufacture of components for EVs in August 2019 and part of the TVS Group, has partnered with storage battery distributor ARENQ. As per the… Continue reading Lucas TVS ties up with ARENQ for speedy delivery of e-motors and controllers across India

Lucas TVS ties up with ARENQ for speedy delivery of e-motors and controllers across India

Toyota launches Hyryder CNG at Rs 13.23 lakh

Toyota has launched the Hyryder CNG in India, with prices starting from Rs 13.23 lakh and going up to Rs 15.29 lakh (ex-showroom, Delhi). The brand already opened bookings for the Hyryder CNG back in November 2022, at a token amount of Rs 25,000. Compared to its equivalent petrol-powered version, the Hyryder CNG costs Rs 95,000 more. The Hyryder is just the second… Continue reading Toyota launches Hyryder CNG at Rs 13.23 lakh

Renault to reduce stake in Nissan from 43% to 15%

Renault and Nissan have today announced an equity stake revision of their partnership. The French automaker, which holds a 43% stake in the Japanese company, is to reduce it to 15 percent. In a statement, Nissan said that after several months of constructive discussions with the Renault Group, “it has reached an important milestone… Continue reading Renault to reduce stake in Nissan from 43% to 15%

‘We expect more sectors to be brought under the PLI umbrella:’ Satyakam Arya

The commercial vehicle (CV) segment which is the barometer of a country’s economy is witnessing green shoots in India with the government’s relentless push to drive infrastructure development by rapidly building new networks of highways and expressways. While the macro-economic factors look set to continue driving growth in the CV sector in the coming fiscal… Continue reading ‘We expect more sectors to be brought under the PLI umbrella:’ Satyakam Arya

‘A reprieve on GST will come as a welcome move’: Prashanth Doreswamy

For Continental India, the domestic arm of German Tier-1 major, the upcoming Union Budget 2023-24, holds a lot of potential to spur growth in India’s evolving electric mobility segment. The company also expects the government to give policy thrust for India to become an engineering-research and development (ER&D) hub of the world. According to Prashanth… Continue reading ‘A reprieve on GST will come as a welcome move’: Prashanth Doreswamy

Tech Talk: Sustainable tyres pass a new milestone

Some aspects of making cars more sustainable are taking much longer than others, but one that appears to be making quicker progress is the tyre. Goodyear has announced a demonstration tyre made from 90% sustainable materials that meets all the necessary regulations and has passed its own internal tests for performance and safety. The tyre isn’t… Continue reading Tech Talk: Sustainable tyres pass a new milestone

Omega Seiki to invest Rs 800 crore in EV powertrain and battery plants

Omega Seiki Mobility (OSM), a part of the Anglian Omega Group, today announced a joint venture with iM3NY, a leading battery technology player in the US, for battery cell technology and also a plan to manufacture e-powertrain parts and batteries in India. Founded by a group of companies including C4V, Magnis Energy Technology and others, and led by ex-Tesla… Continue reading Omega Seiki to invest Rs 800 crore in EV powertrain and battery plants