Author: Autocar_Professional India Online News

EV funding in the fast lane

EV sales are picking up at a fast and a furious pace and if there is another aspect of EVs that’s able to keep track, it is no doubt the investment in EVs. While retail sales of EVs hit their highest in FY2022 and just Q1 sales of FY23 account for 49 percent of FY22’s… Continue reading EV funding in the fast lane

Okinawa targets EV demand in Maharashtra, to open showroom in Navi Mumbai

Electric scooter manufacturer Okinawa Autotech is expanding its retail footprint in Maharashtra, a state which is seeing growing adoption of electric vehicles. The company, which has a range of high- and low-speed e-scooters, set to inaugurate a new Galaxy showroom in Nerul, Navi Mumbai. In what is now a trend, particularly among two-wheeler EV OEMs,… Continue reading Okinawa targets EV demand in Maharashtra, to open showroom in Navi Mumbai

Tata Motors in tie-up with Indian Bank for car loans

Tata Motors has announced that it has entered into a partnership with Indian Bank to facilitate financing for its passenger vehicle customers. This strategic partnership aims to provide customised loans from across over 5,700 branches of Indian Bank across India, the company said in a statement. As per a press note, the  financing will be available at… Continue reading Tata Motors in tie-up with Indian Bank for car loans

Chip crisis pushes OEMs to modernise car architectures: Qualcomm

The global automotive industry has suffered two years of managing production and supplies, what with the burgeoning chip shortage impacting its growth plans towards the end of 2020. The crisis still continues and while experts say the problem is nearing its end, the industry has had several hard learnings. The primary reason for the crisis… Continue reading Chip crisis pushes OEMs to modernise car architectures: Qualcomm

KPIT Technologies’ Ravi Pandit awarded honorary doctorate by Coventry University

Coventry University has awarded Ravi Pandit, Chairman and Group CEO of KPIT Technologies, the Pune-based global technology company, an honorary doctorate in recognition of his contribution to the automotive, engineering and technology sectors. In its statement, Coventry University said: “Ravi Pandit has made an important contribution to promoting UK-India business and academic relationships and is… Continue reading KPIT Technologies’ Ravi Pandit awarded honorary doctorate by Coventry University

Volvo XC 40 Recharge joins the Metaverse bandwagon

Even as the Volvo XC 40 Recharge breaks cover today, it will be the first for an automaker to debut the vehicle exclusively on Metaverse which is gaining popularity as the destination for new vehicle launches. Recently, Maruti Suzuki, MG Motors, Mahindra, and even public sector undertaking, Union Bank of India have set up virtual customer experience… Continue reading Volvo XC 40 Recharge joins the Metaverse bandwagon

Tech Talk: Mazda’s diesel lifeline through innovative new engine

The Mazda e-Skyactiv D engine uses egg-shaped combustion chambers to boost efficiency Given the fuss over diesel engines in the past few years and the inevitable public conclusion that the fuel itself is a problem, rather than the way it is used, it’s a wonder that manufacturers are still developing them. They are, though, and Mazda’s… Continue reading Tech Talk: Mazda’s diesel lifeline through innovative new engine

Maturing Indian car and bike market recalls 4.97 million vehicles since 2012

FY2022 saw 13,31,868 vehicles comprising 890,873 two-wheelers and 440,995 PVs voluntarily recalled by OEMs. These 1.33 million units account for 26% of the 4.97 million units recalled till now. In what is an indication of a maturing automobile market, FY2022 saw over 1.3 million vehicles – 13,31,868 units comprising 890,873 two-wheelers and 440,995 passenger vehicles… Continue reading Maturing Indian car and bike market recalls 4.97 million vehicles since 2012