As electric vehicle adoption in India shifts into the next gear, innovations are being seen around the charging infrastructure space, with Bengaluru-based ElectricPe aiming to enhance utilisation as well as RoI for charge-point operators (CPOs), while offering a seamless user experience to EV owners. The company which began operations in June 2021, is developing a mobile-app-based… Continue reading ElectricPe to enhance EV charge station utilisation in Bengaluru
Author: Autocar_Professional India Online News
Volkswagen starts assembly of all-electric ID.4 flagship in Tennessee
Volkswagen of America has commenced production of its all-electric ID.4 compact SUV in Chattanooga, Tennessee., the company’s first electric vehicle assembled in the United States. The ID.4 is Volkswagen Group’s most popular all-electric model, with 190,000 units delivered to customers globally since its launch in 2021.Volkswagen aims to ramp up ID.4 assembly in Chattanooga to… Continue reading Volkswagen starts assembly of all-electric ID.4 flagship in Tennessee
KPIT bags $ 155 million worth of orders in Q1FY23
Pune-based KPIT says it bagged close to $155 million worth of orders during Q1FY23, a significant part of which came from architecture and middleware domain parts, electric powertrains, vehicle engineering and design work. Kishor Patil, co-founder, CEO and MD, KPIT said the new engagement is pretty well balanced across the segment it operates in and will… Continue reading KPIT bags $ 155 million worth of orders in Q1FY23
Mercedes-Benz R&D India wins recognition as innovation factory
Mercedes-Benz Research and Development India (MBRDI) has been announced as a ‘Great Place to Innovate’ at the 13th edition of Zinnov Awards 2022. These annual awards recognise, honour, and celebrate the tech titans of the industry, focused on driving value creation from India across five key areas: organisation charter, culture, internal programs and processes, external linkages, and innovation metrics.… Continue reading Mercedes-Benz R&D India wins recognition as innovation factory
Electric powertrain growth power KPIT’s Q1 profit
KPIT, a leading partner for developing software-defined vehicles, reported its net profit growing by 41.79 percent to Rs 85.43 crore during Q1FY23 as against Rs 60.25 crore during the corresponding period of Q1FY22 and 6 percent on sequential basis to Rs 80.5 during Q4FY22 led by growth in electric powertrain, architecture and middleware domains. According to Kishor Patil,… Continue reading Electric powertrain growth power KPIT’s Q1 profit
EV share in auto parts to be 9-11% by FY2027: CRISIL
The automotive component manufacturing industry will be the beneficiary of growing demand for electric vehicles in India. Recent FADA retail sales data reveals that cumulative EV sales across four segments – cars, two- and three-wheelers and commercial vehicles – soared by an estimated 686% to 211,398 units in the April-June 2022 period (Q1 FY2022: 26,833… Continue reading EV share in auto parts to be 9-11% by FY2027: CRISIL
Volvo India launches 414km-range XC40 Recharge at Rs 55.90 lakh
Volvo Car India today launched its pure electric XC40 Recharge SUV, which will be the first locally assembled luxury electric vehicle in India. Priced at Rs 55.90 lakh (ex-showroom), it is Rs 11.40 lakh more expensive than its petrol-engined sibling. The Volvo XC40 Recharge gets a 78kWh battery capable of 150kW DC fast charging that… Continue reading Volvo India launches 414km-range XC40 Recharge at Rs 55.90 lakh
Bajaj Auto Q1 profit up 11 percent on better margins
Bajaj Auto has posted Q1FY23 standalone profit of Rs 1,173 crore, up 11 percent YoY from Q1FY22 profit of Rs 1,061 crore. The Q1 revenues from operations rose 8 percent YoY to Rs 8,005 crore compared to Rs 7,386 crore in the same quarter last year. On a sequential basis, the revenue from operations was flat compared… Continue reading Bajaj Auto Q1 profit up 11 percent on better margins
Eaton is bullish on e-mobility
Eaton, the New York Stock Exchange listed intelligent power management company expects its e-mobility business to become the new DNA going forward while co-existing with its current vehicle business. Shailendra Shukla, Managing Director, Vehicle Group, Eaton India told Autocar Professional that e-mobility is being treated with separate focus at product and other levels by virtue of the apparent shift in demand towards it. “We… Continue reading Eaton is bullish on e-mobility
Group Landmark’s VW dealerships enter records books
Group Landmark-owned Volkswagen dealerships in Gujarat has etched its name in the Asia Book of Records (ABR) and India Book of Records (IBR) for ‘maximum single model Volkswagen vehicles sold by a dealer in a single day’. Landmark Group in a statement noted that deliveries of the new Volkswagen Virtus across India commenced last month.… Continue reading Group Landmark’s VW dealerships enter records books