Author: Autocar_Professional India Online News

RBI hikes key rate to tackle inflation but sees rural consumption improving

In what could potentially be another sentiment dampener, the Reserve Bank of India has hiked the repo rate, the key policy rate, yet again by 50 basis points to 4.9 percent to tackle inflation. In consonance with the RBI Monetary Policy Committee’s objective of achieving the medium-term consumer price index (CPI) inflation target of 4… Continue reading RBI hikes key rate to tackle inflation but sees rural consumption improving

New Rs 1150 crore order win for Ramkrishna Forgings

Ramkrishna Forgings has bagged a four-year export order worth Rs 1150 crore from a European Tier 1 supplier of new differential housing case business. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings said, “It gives us great pleasure to announce the award of new Differential housing case business by one of the major global Tier… Continue reading New Rs 1150 crore order win for Ramkrishna Forgings

OEMs must push for the best regulations

India needs to design and develop its own systems for safety, and which are optimised for the Indian market, said Alejandro Furas, secretary general, Global NCAP. He was speaking at an online event on safety in the Indian automotive market. His keynote address entitled “Raising the bar on vehicle safety” was delivered as part of… Continue reading OEMs must push for the best regulations

Switch Mobility unveils new electric bus for European market

Switch Mobility unveiled the new fourth generation Switch e1 bus, a fully electric bus tailored for the European market. The Switch e1 combines a lightweight monocoque construction with advanced NMC battery technology. With a 389kWh battery capacity and ZF hub motors, it is possible to fast charge the Switch e1 in under 3 hours and… Continue reading Switch Mobility unveils new electric bus for European market

Vincent Cobee: ‘We will be respectful of Indian customers and create value’

You have launched the C5 Aircross earlier in a very small way but the C3 obviously is the big one. It seems like a very measured launch for Citroen in India. Don’t you think a bigger bang approach is better?We have looked at the Indian market for quite some time and it is extremely competitive, and very… Continue reading Vincent Cobee: ‘We will be respectful of Indian customers and create value’

Why Carlos Tavares is betting big on India

Carlos Tavares is clearly someone who thinks long term. The CEO of Stellantis is also a pragmatist who takes one thing at a time. These two traits came through strongly during a recent virtual meeting with select Indian journalists in Chennai where Tavares dwelt upon the Jeep and Citroen brands, the imperatives of electrification and… Continue reading Why Carlos Tavares is betting big on India

InoBat and Green Lithium agree on strategic partnership

InoBat, supplier of batteries for electric vehicles and Green Lithium, an innovative mineral processing company agreed a strategic partnership to build and operate the first large-scale commercial lithium refinery in the UK. The two companies will work together to accelerate the development of a ‘cradle-to-cradle’ UK battery value chain, from the provision of low-carbon lithium… Continue reading InoBat and Green Lithium agree on strategic partnership

Volvo Car India announces local assembly of XC40 Recharge, launch in July

Volvo Car India announced that its all-electric offering the XC40 Recharge will be assembled in India for the local market at the company’s Hosakote plant near Bengaluru, Karnataka. The launch is planned in July with expected deliveries starting in October this year. Volvo Car India targets introducing a new all-electric model every year commencing 2022.… Continue reading Volvo Car India announces local assembly of XC40 Recharge, launch in July