Yesterday, August 10, was World Biofuel Day and in line with its vision of fostering sustainable mobility, the Society of Indian Automobile Manufacturers (SIAM) organized a virtual seminar on ‘Promotion of Biofuels: A Pathway for Low Carbon Mobility’. World Biofuel Day is celebrated on August 10 each year to depict and make aware of the… Continue reading SIAM celebrates World Biofuel Day with virtual seminar
Author: Autocar_Professional India Online News
Battery makers expect robust results as auto industry rebounds
Demand from the replacement market for automotive batteries is picking up pretty well and buoyant sales has brought in cheers for Amara Raja and Exide Industries – two key players in India. According to recently-released financial data on the global auto industry, the impact of Covid pandemic and other geopolitical situations such as the ongoing… Continue reading Battery makers expect robust results as auto industry rebounds
Purem and AAPICO plan JV in Thailand for emission control components
Official signing of the foundation of the joint venture by Purem by Eberspaecher and AAPICO Hitech Public Company . Purem International GmbH and AAPICO Hitech Public Company (AAPICO) have signed an agreement today to form a joint venture company. The new JV company Purem Aapico Co will manufacture and supply exhaust emission control systems and… Continue reading Purem and AAPICO plan JV in Thailand for emission control components
BYD India inks MoU with HDFC Bank for dealer inventory financing
BYD India, a subsidiary of the Warren Buffett-backed EV manufacturer BYD, today signed an MoU with the country’s largest private bank HDFC Bank towards stock financing solution to its all-India dealer network. The strategic tie-up will provide BYD’s dealers access to inventory finance for its electric cars. HDFC Bank’s dealer finance solution provides a bouquet… Continue reading BYD India inks MoU with HDFC Bank for dealer inventory financing
BorgWarner wins second integrated drive module order from Hyundai
BorgWarner’s iDM146 integrated drive module (iDM) has been selected by Hyundai Motor Company (HMC) to power an additional A-segment electric vehicle platform, scheduled to start production in the third quarter of 2024. This new business was awarded based on BorgWarner’s advanced iDM technology, its prior iDM win with HMC on another A-segment electric vehicle, and the longstanding relationship between the two companies. “Our partnership with the Hyundai Motor… Continue reading BorgWarner wins second integrated drive module order from Hyundai
Mahindra launches new Bolero Maxx Pik-Up City 3000 at Rs 768,000
Mahindra & Mahindra, the market leader in India’s Light Commercial Vehicle (2 to 3.5 ton category), has further upped the ante in the pickup market. The company, which has a 60% market share in Q1 FY2023 in this vehicle category, today launched the Bolero MaXX Pik-Up City 3000 targeted at the transport and logistics segments… Continue reading Mahindra launches new Bolero Maxx Pik-Up City 3000 at Rs 768,000
Ashok Leyland AVTR gets India’s first LNG truck CMVR certification
Ashok Leyland has received India’s first LNG-fueled truck Central Motor Vehicle Rules (CMVR) certificate for AVTR UF3522 and its variants from the Automotive Research Association of India (ARAI). As per the commercial vehicle major, the AVTR UF3522, which is India’s first certified LNG fueled truck, has been completely validated and optimised for Indian operating conditions… Continue reading Ashok Leyland AVTR gets India’s first LNG truck CMVR certification
Maruti Suzuki opens bookings for new Alto K10
Passenger vehicle market leader Maruti Suzuki India has opened bookings for the new Alto K10, ahead of the hatchback’s launch on August 18. Bookings for the budget car can be had for Rs 11,000 either online or at Maruti Suzuki Arena dealerships across the country. CV Raman, Chief Technical Officer (Engineering), Maruti Suzuki India said, “The… Continue reading Maruti Suzuki opens bookings for new Alto K10
IGL reports record CNG sales in Q1
Indraprastha Gas has reported that its volume sales during Q1FY23 have touched record highs. The company’s latest data suggests that the volumes grew by 48 percent on a Y-o-Y basis to 7.9 million metric standard cubic meters per day. According to figures released by the Society of Indian Automobile Manufacturers, CNG-powered cars in India accounted for 8.6… Continue reading IGL reports record CNG sales in Q1
ALT Mobility launches debt aggregation platform
IIT Delhi-based Alt Mobility, a commercial fleet leasing platform has announced the launch of ‘Elektrowagen’ – a structured finance solution to mobilise low cost debt finance from domestic and international financing institutions for electrification of CV fleets in India. Under the arrangement, the company has signed MoUs with two non-banking financing institutions (NBFCs) focused on… Continue reading ALT Mobility launches debt aggregation platform