Autocar_Professional India Online News – Page 1951

Weber Drivetrain opens EV parts plant at Chakan

Weber Drivetrain, a technology-driven start-up, has inaugurated its electric vehicle parts plant in Chakan MIDC, Pune, Maharashtra. The company has committed investment of Rs 35 crore in Phase 1 for the manufacturing facility, which will be highly automated and have a high-end configurated, fully automatic production line. The plant will produce fully indigenous BLDC hub… Continue reading Weber Drivetrain opens EV parts plant at Chakan

Bajaj Auto plans to invest Rs 750 crore in FY23 to ride on EV and premium push

Home-grown two and three-wheeler major Bajaj Auto will be investing Rs 750 crore in capital expenditure in the current financial year, FY23 to set up capacities of its electric vehicle (EV) facilities for two and three-wheelers and ramping up its premium motorcycle volumes. The CapEx for FY23 was amongst the highest annual investment made by… Continue reading Bajaj Auto plans to invest Rs 750 crore in FY23 to ride on EV and premium push

Domestic two-wheeler sales rebound on the back of strong festive demand

It is no secret that the four-wheeler industry posted better results than the two-wheeler segment in the past nine months. It was expected that during the festive period there would be a seismic shift in the two-wheeler market. In reality, that didn’t happen. Traditional strong markets in North India failed to live up to their… Continue reading Domestic two-wheeler sales rebound on the back of strong festive demand

Daimler India Commercial Vehicles posts third consecutive year of operating profit; revenues jump 50 percent in FY22 to Rs 8,217 crore

Daimler India Commercial Vehicles posts third consecutive year of operating profit; revenues jump 50 percent in FY22 to Rs 8,217 crore Buoyed by a strong revival in the Indian economy and a sharp uptick in demand for trucks and buses, Daimler India Commercial Vehicles (DICV), the German truck major, posted a 250 percent growth in operating… Continue reading Daimler India Commercial Vehicles posts third consecutive year of operating profit; revenues jump 50 percent in FY22 to Rs 8,217 crore

Centre increases ethanol procurement prices

The Centre on Wednesday announced increasing ethanol procurement prices with effect from December 1. For calculating the increments in price, a fair mechanism has been worked out that will factor in the source from where it originates. As a result, prices have been increased from Rs 49.41 per litre from existing Rs 46.66 per litre… Continue reading Centre increases ethanol procurement prices

India can emerge as global hub for 48V EV tech: Magna CTO

Global Tier 1 giant recently opened a new e-mobility engineering centre in Bengaluru with simultaneous focus on tapping growth in micro-mobility solutions. Early last month, Magna International opened a new engineering centre in Bengaluru, outlining an investment of Rs 970 crore. The company aims to drive innovation for e-mobility projects with this facility where technical… Continue reading India can emerge as global hub for 48V EV tech: Magna CTO

India can emerge as global hub for 48V EV tech: Magna CTO

Total Energies targets India’s growing EV market, launches EV fluids

Total Energies Marketing India, a subsidiary of Total Energies, has launched its new EV fluid products in India for electric and hybrid cars and electric two-wheelers. ‘Quartz EV Fluid’ for cars and ‘Hi-Perf EV Fluid’ for two-wheelers have been developed specifically for drivetrain reducers, e-motors, e-transmissions and batteries in electric and hybrid vehicles. According to… Continue reading Total Energies targets India’s growing EV market, launches EV fluids