Tier 1 lighting and electronic control units supplier Varroc Lighting Systems has appointed Christian Paschel as the new CEO of November 1, will replace Stephan Vedie, who left the company in September. Paschel joins Varroc Lighting Systems from Hella, where he was previously a member of the Executive Board and Head of Sales in the… Continue reading Varroc Lighting Systems appoints Christian Psschel as CEO
Author: Autocar_Professional India Online News
Minda Corp acquires Stoneridge Inc’s 49% share in electronics JV
In what is seen as a move to accelerate its engagement in the automotive electronics domain, Minda Corporation has acquired its joint venture partner Stoneridge Inc of the USA’s entire 49% stake in Minda Stoneridge Instruments. It will also expand its technical collaboration with Stoneridge Inc, which is a leading manufacturer of electronics instruments. Commenting on… Continue reading Minda Corp acquires Stoneridge Inc’s 49% share in electronics JV
Volvo Cars urges world leaders for more clean energy investment to maximise EV potential
Volvo Cars has urged world leaders and energy providers to significantly boost investments in clean energy, in order for its and other electric cars to deliver on their true potential in terms of climate benefit. The call coincides with a newly published report into the overall lifecycle carbon emissions of Volvo Cars’ latest fully electric… Continue reading Volvo Cars urges world leaders for more clean energy investment to maximise EV potential
Jaguar Land Rover posts Rs 2,735 crore loss after chip shortage
Jaguar Land Rover posted a £302 million (Rs 2,735 crorer) loss from July to September 2021 as the impact of the ongoing semiconductor shortage results in tens of thousands of lost sales. The British firm, which is owned by Tata Motors, sold 92,700 cars in the second financial quarter of 2021, compared with 114,000 in… Continue reading Jaguar Land Rover posts Rs 2,735 crore loss after chip shortage
EValuating Tata Motors’ electric bet
The billion-dollar fund infusion by TPG Rise Climate provided a big boost to the Tata Motors valuations and the stock. Not only did you see the stock locked in circuit but it also hit fresh 52-week highs and found a renewed buzz in the bourses. But the question is can you consider it as a… Continue reading EValuating Tata Motors’ electric bet
Tata Motors losses expand on supply side concerns
Tata Motors losses have widened for the third consecutive quarter and the automotive bellwether has posted a consolidated loss of Rs 4,442 crore for in Q2FY2022 compared to a loss of Rs 314 crore in Q2FY2021. The net revenue however came in higher at Rs 61,379 crore, up 14.7 percent from Q2FY2021 revenue of Rs 53,530 crore.… Continue reading Tata Motors losses expand on supply side concerns
Battrixx launches dual power EV smart batteries
Battrixx, a wholly owned subsidiary of KabraExtrusiontechnik (KET) has launched its 4 kWh Dual Power electric vehicle smart batteries. The company says the smart battery packs are highly reliable, safe and robust for Indian drive conditions. The pack uses two 2kWh smart battery packs in parallel or series designed based on a patented European technology… Continue reading Battrixx launches dual power EV smart batteries
Jaguar Land Rover joins Tesla’s ‘pool’ for EU emissions targets
Jaguar Land Rover has joined Tesla’s manufacturer pool for European Union CO2 emissions, a move that’s likely designed to help the firm avoid paying fines for missing its targets. Under EU rules, car firms are required to achieve increasingly tough average CO2 emissions targets for their car fleets. Any that misses its target faces a heavy fine of €95 (£77)… Continue reading Jaguar Land Rover joins Tesla’s ‘pool’ for EU emissions targets
Continental supplies engine mounts for EV makers in Europe, USA and China
Special elastomer compounds for electric vehicles absorb vibrations in the high-frequency range. As the shift from ICE vehicle to electric vehicle takes firmer shape, particularly in developed markets, component suppliers are also getting future-ready. According to industry experts, 150 million electric cars, plug-in hybrids and fuel-cell vehicles will be on the road worldwide by 2030.… Continue reading Continental supplies engine mounts for EV makers in Europe, USA and China
Apollo Tyres launches premium Vredestein brand in India
Strengthening its product offering in India, Apollo Tyres has launched the premium European brand, Vredestein, which it acquired in 2009, in the country. Vredestein tyres will be manufactured at Apollo’s state-of-the-art facilities in India, and will cater to the premium and luxury segment in passenger cars, while the two-wheeler tyres from the brand would cater… Continue reading Apollo Tyres launches premium Vredestein brand in India