Autocar_Professional India Online News – Page 2051

EV industry remains a big draw for PE/VC investments in India Auto Inc

Private equity (PE) and venture capital (VC) investors continue to bet big on India Auto Inc, particularly drawn by the huge potential of the electric vehicle (EV) industry. As per data sourced from Venture Intelligence, in the first 10 months of CY2022 (January-October), PEs and VCs have invested around $1.087 billion (Rs 8,968 crore) across 27 deals… Continue reading EV industry remains a big draw for PE/VC investments in India Auto Inc

EV industry remains a big draw for PE/VC investments in India Auto Inc

Zero, Hero MotoCorp’s EV partner, makes a splash at EICMA

Zero Motorcycles, the California (USA)-based manufacturer of premium electric motorcycles and powertrains, with whom India’s Hero Motorcycles is finalising a collaboration agreement to co-develop electric motorcycles, has showcased its latest range of products at EICMA 2022 in Milan, Italy. As is known, Hero MotoCorp’s board has also approved an equity investment up to US$60 million… Continue reading Zero, Hero MotoCorp’s EV partner, makes a splash at EICMA

Zero, Hero MotoCorp’s EV partner, makes a splash at EICMA

ZF CV Control System India lines up capex of Rs 250 crore till FY24; looks to improve content per vehicle in EVs

ZF CV Control System India lines up capex of Rs 250 crore till FY24; looks to improve content per vehicle in EVs Commercial vehicle braking systems manufacturer ZF CV Control System India (formerly Wabco India) will invest Rs 250 crore till FY24 as part of its capital expenditure plan. The investment will go towards capitalisation… Continue reading ZF CV Control System India lines up capex of Rs 250 crore till FY24; looks to improve content per vehicle in EVs

ZF CV Control System India lines up capex of Rs 250 crore till FY24; looks to improve content per vehicle in EVs

Economic downturn in US and Europe slows down Switch Mobility’s fundraising plans

Economic downturn in US and Europe slows down Switch Mobility’s fundraising plans The proposed $200-250 million fund-raising programme by UK-based Switch Mobility, the global electric vehicle (EV) subsidiary of Chennai, India-based Ashok Leyland is taking longer than expected in the backdrop of recessionary trends and economic slowdown in the US and European markets. Dheeraj Hinduja, executive… Continue reading Economic downturn in US and Europe slows down Switch Mobility’s fundraising plans

Continental develops two-channel motorcycle ABS with sensor tech

Technology company Continental has developed a new generation of its compact 2-channel ABS for motorcycles. In this system (MK 100 MAB PYA), a new type of sensor is optionally integrated directly on the circuit board of the ABS. Thanks to this high integration, a separate motorcycle inertial measurement unit is no longer required. The mechanical… Continue reading Continental develops two-channel motorcycle ABS with sensor tech

Scorpio N and Classic make up 50% of Mahindra’s order backlog of 260,000 units

Of India Passenger Vehicle Inc’s current cumulative order backlog of an estimated 800,000 units, Mahindra & Mahindra with 260,000 units is the second largeAst after Maruti Suzuki’s 400,000-odd units and Tata Motors’ 100,000 units. While announcing its Q2 FY2023 results today, Mahindra & Mahindra revealed that it has cumulative ‘open’ bookings of 260,000 units as… Continue reading Scorpio N and Classic make up 50% of Mahindra’s order backlog of 260,000 units

Mahindra & Mahindra to expand SUV capacity by 70 percent to 6 lakh units per annum by FY-24

Mahindra & Mahindra to expand SUV capacity by 70 percent to 6 lakh units per annum by FY-24 Mahindra & Mahindra (M&M) the country’s leading SUV maker is ramping up production capacity to over 6 lakh units per annum for its SUVs in the next 12-15 months to cater to long waiting periods. This is… Continue reading Mahindra & Mahindra to expand SUV capacity by 70 percent to 6 lakh units per annum by FY-24