Ola Electric is facing its toughest challenge in recent times with a sizable employee exodus and falling scooter sales in June. Head of charging networks, Yashwant Kumar, is the latest to move on while Dinesh Radhakrishnan, Chief Technology Officer, called it a day after being on board for a little over a year (since May… Continue reading Double whammy for Ola Electric
Author: Autocar_Professional India Online News
M&M ramps up electric plans
Mahindra & Mahindra’s ‘Born Electric’ fleet to be showcased on August 15 in Oxfordshire, UK, will be a game changer for the company, according to a senior advisor at British International Investment (BII). “The new range we have seen is far superior in terms of range, product assortment, comfort and convenience. I am confident it will take… Continue reading M&M ramps up electric plans
ZF appoints Dr Holger Klein as its new chairman and CEO
Dr. Holger Klein has served as a member of the ZF Board of Management since 2018 and heads the Asia-Pacific and India regions from Shanghai. Dr. Holger Klein, Member of the Board of Management responsible for the Asia-Pacific region, Car Chassis Technology Division, Aftermarket and Production, is to succeed Wolf-Henning Scheider as Chairman and CEO… Continue reading ZF appoints Dr Holger Klein as its new chairman and CEO
Tata Motors to increase PV prices
Tata Motors has announced a price hike of its passenger vehicles. A weighted average increase in price of 0.55 percent will come into effect starting today, across the range, depending upon the variant and model. In a press note, the company has taken extensive measures to absorb significant portion of the increased input costs. However,… Continue reading Tata Motors to increase PV prices
Mahindra’s ‘problem’ of plenty: 143,000 open bookings for 4 SUVs and counting
Mahindra & Mahindra has a ‘problem’ of plenty on its hands – over 143,000 cumulative bookings as of July 1, 2022 for five of its utility vehicles – the XUV700, XUV300, Thar and the Bolero. And bookings for the recently launched Scorpio N will open on July 30. M&M, which is among the carmakers which have… Continue reading Mahindra’s ‘problem’ of plenty: 143,000 open bookings for 4 SUVs and counting
Tata Group wholesales up 48 percent
The Tata Group has released its global wholesales for the first quarter of FY23, including Jaguar Land Rover. The total numbers were at 3,16,443 units, higher by 48 percent as compared to the year-earlier quarter. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1 FY23 were at 1,03,529 units, higher… Continue reading Tata Group wholesales up 48 percent
Bharat Alt Fuel to invest Rs 250 crore
The company has signed an MoU with the Tamil Nadu government. Chennai-headquartered EV startup Bharat Alt Fuel (BAF) announced an investment of Rs 250 crore for setting up a greenfield facility in Krishnagiri, Tamil Nadu to manufacture Electric Vehicles (EVs), batteries and motors. This integrated facility will be built over 40,000 sq metres and commence… Continue reading Bharat Alt Fuel to invest Rs 250 crore
EV sales in India cross 210,000 units in Q1, charge towards new record in FY2023
If the green shoots of retail recovery across segments are evident in the 27% year-on-year growth in the IC engine-powered automobile industry in the first quarter of FY2023, what’s also evident is the massive surge in demand for their truly eco-friendly and green siblings – electric vehicles (EVs). On-ground retail sales data, gleaned from FADA… Continue reading EV sales in India cross 210,000 units in Q1, charge towards new record in FY2023
Daimler Truck, Traton and Volvo kick off European charging infrastructure JV
L-R: Martin Daum, CEO Daimler Truck; Christian Levin, CEO, Traton Group and Martin Lundstedt, President and CEO Volvo Group. Daimler Truck, the Traton Group and the Volvo Group have completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed… Continue reading Daimler Truck, Traton and Volvo kick off European charging infrastructure JV
M&M’s electric, SUV focus driving gains for the stock on Dalal Street
The M&M stock kicked off trade on a strong note and has maintained a steady pace in intra-day trade on July 8 as the market responded to the British International Investment’s strategic investment. BII will invest up to Rs 1,925 crore in the form of compulsory convertible instruments at a valuation of up to Rs… Continue reading M&M’s electric, SUV focus driving gains for the stock on Dalal Street