Author: Autocar_Professional India Online News

VW finance arm Kuwy, announces online platform

Kuwy, a majority-held subsidiary of Volkswagen Finance announced the launch of KUWYLaas, a lending as a service platform for online sales of new and used cars. The block chain and artificial intelligence-driven platform will bring together buyers, sellers, aggregators together on a single platform which the company claims will be able to  process an entire transaction digitally within less… Continue reading VW finance arm Kuwy, announces online platform

Koenigsegg introduces first in-house E-motor and EV-drive unit

Koenigsegg’s latest in-house innovation, the Quark motor, with a 330 ml beverage can for scale. Koenigsegg recently introduced the company’s newest innovation, the Quark electric motor that utilises a novel torque/power-rich balance between radial(power-dense) and axial(torque dense) flux topology dubbed Raxial Flux. The Quark E-motor relooks at the fundamentals of magnetism, materials, cooling and packaging. The Quark elementary… Continue reading Koenigsegg introduces first in-house E-motor and EV-drive unit

Toyota’s Glanza, Urban Cruiser clock 100,00 units

Toyota officials at the Glanza launch in 2019 Toyota Kirloskar recorded a significant new milestone with its Glanza and the Urban Cruiser, together clocking cumulative wholesales of over 100,000 units. Launched in June 2019 and September 2020 respectively, both the Glanza and the Urban Cruiser clocked 65,000 units and over 35,000 units in wholesales respectively.… Continue reading Toyota’s Glanza, Urban Cruiser clock 100,00 units

Nissan Micra to get all-electric avatar globally

Nissan will replace the Micra hatchback with an all-new electric model internationally. While the Micra was discontinued from India a few years ago, a replacement was introduced overseas, which will now see a successor in the form of an all-new CMF-BEV platform-based model. The Micra replacement will be based on a new EV platform shared with Renault, as… Continue reading Nissan Micra to get all-electric avatar globally

Automotive Stampings creeps into the black

Automotive Stampings & Assemblies Ltd (ASL) saw a significant rise in its sales during Q3 FY2022 to Rs 162 crore, an increase of nearly 45 percent as compared to Rs 112 crore  Q3FY2021. The company’s net profit improved to Rs 0.39 crore during the comparable period as against loss of Rs 3.91 crore earlier, the… Continue reading Automotive Stampings creeps into the black