Autocar_Professional India Online News – Page 297

Mahindra produces 8,303 electric-origin SUVs in Q4 FY25, dispatches 8,047 units to dealers

Mahindra & Mahindra, which sold a record 551,487 SUVs in FY2025 and registered stellar 20% YoY growth (FY2024: 459,877 units), saw growth increase quarter on quarter (QoQ) throughout last fiscal. While Q2 FY2025 wholesales of 135,962 SUVs were up 9.42% on Q1 FY2025’s 124,248 units, Q3 dispatches of 142,150 units rose 4.55% on Q2. And,… Continue reading Mahindra produces 8,303 electric-origin SUVs in Q4 FY25, dispatches 8,047 units to dealers

Remsons Industries Acquires 51% Stake in Electric Three-Wheeler Maker Astro Motors

Remsons Industries Limited, a veteran automotive OEM components manufacturer, has acquired a 51.01% stake in Astro Motors Private Limited for Rs. 14.22 crore. The deal, announced on April 9, 2025, was structured as a mix of Rs. 4.22 crore in equity issued on preferential basis and Rs. 10 crore in cash. Astro Motors manufactures electric… Continue reading Remsons Industries Acquires 51% Stake in Electric Three-Wheeler Maker Astro Motors

Remsons Industries Acquires 51% Stake in Electric Three-Wheeler Maker Astro Motors

Olectra Greentech Secures ₹424 Crore Order from Himachal Road Transport Corporation

Olectra Greentech Limited, a leading player in the electric mobility sector, has announced a significant milestone with the receipt of a Letter of Award (LOA) from Himachal Road Transport Corporation (HRTC). The company will supply and maintain 297 electric buses in a deal valued at approximately ₹424.01 crores. This order, awarded by a domestic entity,… Continue reading Olectra Greentech Secures ₹424 Crore Order from Himachal Road Transport Corporation

Greaves Cotton and Chara Technologies Join Forces to Develop Rare-Earth-Free Motors

Greaves Cotton Limited, a 165-year-old engineering company, has announced a strategic partnership with Bengaluru-based startup Chara Technologies to manufacture innovative rare-earth-free motors for electric mobility applications. The collaboration will focus on producing synchronous reluctance motors and controllers at Greaves’ facility in Shendra, Aurangabad. The partnership aims to address critical supply chain vulnerabilities in the electric… Continue reading Greaves Cotton and Chara Technologies Join Forces to Develop Rare-Earth-Free Motors

JSW Energy Acquires O2 Power’s 4.7 GW Renewable Energy Platform for ₹12,468 Crores

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has completed the acquisition of a 4.7 gigawatt (GW) renewable energy platform from O2 Power Pooling Pte. Ltd. for an enterprise valuation of approximately ₹12,468 crores (US$1.5 billion), the company announced today. The acquisition brings JSW Energy’s proforma installed capacity to 12,212 MW… Continue reading JSW Energy Acquires O2 Power’s 4.7 GW Renewable Energy Platform for ₹12,468 Crores

RBI Cuts Repo Rate by 25 bps to 6%; Move Seen as Boost for Auto Sector

The Reserve Bank of India’s Monetary Policy Committee has cut the repo rate by 25 basis points to 6%, marking its second consecutive rate reduction. The central bank also changed its monetary policy stance to accommodative from neutral, aimed at supporting economic growth amid rising global uncertainties and is expected to provide a timely boost… Continue reading RBI Cuts Repo Rate by 25 bps to 6%; Move Seen as Boost for Auto Sector

Mahindra Delivers Over 3,000 Origin Electric SUVs Since Launch

Mahindra has completed the delivery of more than 3,000 units of its newly launched all-electric SUVs—XEV 9e and BE 6—across India. The deliveries began on March 20, 2025, marking a key development in the company’s electric vehicle rollout. According to Mahindra, the response to its electric SUV lineup has been encouraging, with the XEV 9e… Continue reading Mahindra Delivers Over 3,000 Origin Electric SUVs Since Launch

Numeros Motors Wins National Intellectual Property Award for Innovation in EV Sector

Bangalore-based electric vehicle manufacturer Numeros Motors has been awarded the National Intellectual Property (IP) Award 2024 for its achievements in IP filing, grant/registration, and commercialization. The company was recognized as the ‘Top Startup’ in this category by the Ministry of Commerce and Industry, with the award presented by Union Minister Shri Piyush Goyal. Founded in… Continue reading Numeros Motors Wins National Intellectual Property Award for Innovation in EV Sector

Valvoline Cummins India Flags Off Sixth Edition of ‘Happiness Truck’ Initiative

Valvoline Cummins India has flagged off the sixth edition of its ‘Happiness Truck’ initiative from Sanjay Gandhi Transport Nagar in Delhi. The campaign is focused on engaging with and supporting India’s trucking and mechanic community through educational programs, skill development initiatives, and interactive activities. Over the next 40 to 45 days, the Happiness Truck will… Continue reading Valvoline Cummins India Flags Off Sixth Edition of ‘Happiness Truck’ Initiative