Author: Autocar_Professional India Online News

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

JLR’s Q1FY23 retail sales rmains constrained by chip shortage

Jaguar Land Rover (JLR)  reported that its sales volume continued to remain constrained by global chip shortage, compounded by  the run out of the prior model Range Rover Sport,with deliveries just starting and the impact of lockdown in China. The development comes even as the company has witnessed its orderbook surging to almost  200,000 units,… Continue reading JLR’s Q1FY23 retail sales rmains constrained by chip shortage

Mahle Powertrain opens cutting-edge vehicle and battery test facilities

MAHLE Powertrain has announced the completion of two new facilities in c, the result of a £15 million (Rs 143 crore) investment over the last five years (including £3.6m of UK government funding). This, the company says, will deliver much-needed testing capability as the automotive industry accelerates its transition towards decarbonised propulsion. The purpose-built facilities… Continue reading Mahle Powertrain opens cutting-edge vehicle and battery test facilities

Nissan India opens bookings for its Magnite RED Edition

Nissan Motor India today announced the start of pre-bookings for the Nissan Magnite RED edition, which is scheduled to be officially launched on July 18 and will be available in three variants: Magnite XV MT RED Edition, Magnite Turbo XV MT RED Edition, and Magnite Turbo XV CVT RED Edition. Nissan Magnite, with over 100,000… Continue reading Nissan India opens bookings for its Magnite RED Edition

Volkswagen enters global battery business with PowerCo

Volkswagen, which is aggressively driving its e-mobility strategy, yesterday broke ground for its first cell factory in Salzgitter today in the presence of German Chancellor Olaf Scholz. Production will start in 2025. Responsibility for global battery business is to be held by the newly created company ‘PowerCo’. In addition to cell production, the new company… Continue reading Volkswagen enters global battery business with PowerCo

Pricol signs tech partnership with BMS PowerSafe

Francois Enez, Business Manager, BMS PowerSafe; Thomas Debuisser, CEO, BMS PowerSafe; Siddharth Manoharan, Chief Strategy Officer, Pricol ; Benoit Lalande, Technical Director, BMS PowerSafe. Pricol has announced an exclusive technology partnership with BMS PowerSafe, a French company that is a part of the Startec Energy Group, to manufacture Battery Management System (BMS) for electric vehicles… Continue reading Pricol signs tech partnership with BMS PowerSafe

Skoda Kushaq sells over 26,500 units in first year

The Skoda Kushaq launched on June 28, 2021 has completed a year of retail sales in the Indian market. Importantly, the SUV has made a mark in the hotly contested SUV segment with sales of over 26,000 units. As per Autocar Professional’s passenger vehicle sales analytics, the Kushaq has sold a total of 26,807 units… Continue reading Skoda Kushaq sells over 26,500 units in first year

M&M raises Rs 1925 crore for EV arm

The picture is representational The British International Investment (BII), the UK’s development finance institution and  Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs 1925 crore each into a wholly-owned subsidiary of M&M that will be newly incorporated, the company said in a statement late on Thursday.   BII will invest… Continue reading M&M raises Rs 1925 crore for EV arm