Global automotive technology company Visteon today announced its third quarter financial results. At $1,026 million (Rs 8,508 crore), net sales are a year-on-year increase of 63%, or 69%, excluding the impact of currency, driven by new product launches and positive pricing due to incremental costs recoveries primarily related to semiconductor shortages. The company’s sales performance represents… Continue reading Visteon raises 2022 sales forecast to $3.6 billion after strong Q3
Author: Autocar_Professional India Online News
Demand for top automotive tech professionals on the rise
Tata Elxsi and KPIT Technologies – two of the top Indian design and technology service providers to the automotive and related industries are on a hiring spree. This is happening as a result of robust demand that has come after almost two years of stagnation due to pandemic, supply challenges among others. However, some other business… Continue reading Demand for top automotive tech professionals on the rise
5G roll out to trigger V2X-based solution in auto industry
Even as India officially entered the 5G spectrum in October of this year, Ashish Sharma, VP, Automotive, India, Capgemini, believes that the development may lead to triggering of vehicle-to-everything (V2X)- based solutions and basic V2X features with partial automation may become prevalent across India. “The auto market has already started adopting several advancements such as… Continue reading 5G roll out to trigger V2X-based solution in auto industry
Auto majors Mercedes-Benz and Ford join the exodus out of Russia; keep the back door open for re-entry if the situation cools down.
Auto majors Mercedes-Benz and Ford join the exodus out of Russia; keep the back door open for re-entry if the situation cools down. Mercedes-Benz and Ford Motors have both officially announced their exit from the Russian market on October 26. News agency Reuters reported that both companies will sell their stake in their industrial and… Continue reading Auto majors Mercedes-Benz and Ford join the exodus out of Russia; keep the back door open for re-entry if the situation cools down.
Auto majors Mercedes-Benz and Ford are the latest to announce exit from Russia, sell stock to local investors.
Auto majors Mercedes-Benz and Ford are the latest to announce exit from Russia, sell stock to local investors. Mercedes-Benz and Ford Motors have both officially announced their exit from the Russian market on October 26. News agency Reuters reported that both companies will sell their stake in their industrial and financial services divisions to a local… Continue reading Auto majors Mercedes-Benz and Ford are the latest to announce exit from Russia, sell stock to local investors.
Keynote address by Venkatram Mamillapalle at Vehicle Lightweighting Conference
Autocar Professional hosted the second edition of its annual Vehicle Lightweighting Conference on October 18 and 19 which was kickstarted by the Country CEO and MD of Renault India Operations – Venkatram Mamillapalle. Mamillapalle stressed upon the need for corporations to outline their ESG targets and measure them through individual KPIs to track progress on… Continue reading Keynote address by Venkatram Mamillapalle at Vehicle Lightweighting Conference
Continental wins orders worth 2 billion euros for pillar-to-pillar and OLED displays
Continental wins orders worth 2 billion euros for pillar-to-pillar and OLED displays Technology company Continental has announced that it has won additional major orders worth more than 2 billion euros (Rs 16,158 crore) from global vehicle manufacturers for its pillar-to-pillar display and for OLED displays. This brings the awarded lifetime sales for Continental display solutions… Continue reading Continental wins orders worth 2 billion euros for pillar-to-pillar and OLED displays
Auto major Mercedes-Benz is latest to exit Russian market, sells its stock to a local investor
Auto major Mercedes-Benz is latest to exit Russian market, sells its stock to a local investor Mercedes-Benz has officially announced its exit from the Russian market on Wednesday. News agency Reuters reported that Mercedes-Benz will sell its stake in its industrial and financial services divisions to a local investor. The company’s shares are being sold to vehicle… Continue reading Auto major Mercedes-Benz is latest to exit Russian market, sells its stock to a local investor
Hero MotoCorp plans assembly operations in the Philippines
Hero MotoCorp, the world’s largest motorised two-wheeler manufacturer, has announced plans to commence operations in the Philippines in association with Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, which is among the leading automotive groups in the Philippines and also represents brands like BMW, Kia, Mazda, Range Rover, Peugeot and Mahindra. As… Continue reading Hero MotoCorp plans assembly operations in the Philippines
Daimler India CV opens its 300th BharatBenz showroom in Maharashtra
Daimler India Commercial Vehicles (DICV) has inaugurated its 300th BharatBenz sales and service touch-point in India. BharatBenz has also expanded its sales and service footprint in western India by adding 10 new BharatBenz touchpoints in partnership with Autobahn Trucking. The 300th showroom in the all-India BharatBenz network is located at Loni, a strategic location on the… Continue reading Daimler India CV opens its 300th BharatBenz showroom in Maharashtra