Volvo Construction Equipment has agreed to sell its majority stake in Chinese subsidiary SDLG to a fund controlled by the Lingong Group for SEK 8 billion ($700 million), the Swedish construction equipment manufacturer announced. The transaction will generate a positive impact of SEK 1 billion on operating income when completed. The sale involves Volvo CE’s… Continue reading Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million
Author: Autocar_Professional India Online News
India’s Two-Wheeler Market Shows Mixed Signals in May 2025 as ICRA Projects Steady Growth
India’s two-wheeler market displayed contrasting performance indicators in May 2025, with wholesale volumes remaining flat while retail sales demonstrated growth, according to data released by credit rating agency ICRA. The agency projects domestic two-wheeler sales will expand by 6-9% in the fiscal year 2026. Domestic wholesale volumes held steady at 1.58 million units in May… Continue reading India’s Two-Wheeler Market Shows Mixed Signals in May 2025 as ICRA Projects Steady Growth
India’s Two-Wheeler Market Shows Mixed Signals in May 2025 as ICRA Projects Steady Growth
India’s two-wheeler market displayed contrasting performance indicators in May 2025, with wholesale volumes remaining flat while retail sales demonstrated growth, according to data released by credit rating agency ICRA. The agency projects domestic two-wheeler sales will expand by 6-9% in the fiscal year 2026. Domestic wholesale volumes held steady at 1.58 million units in May… Continue reading India’s Two-Wheeler Market Shows Mixed Signals in May 2025 as ICRA Projects Steady Growth
Government Opens Portal for Companies to Apply for New Electric Car Manufacturing Scheme
The government on Tuesday opened the online portal for companies to apply for participation in the new electric car manufacturing scheme that allows limited imports of electric cars at a reduced import duty. The portal will be open until October 21, 2025. The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMPCI) allows… Continue reading Government Opens Portal for Companies to Apply for New Electric Car Manufacturing Scheme
Setco Automotive Enters Suspension Segment with Launch of Load Cushion and Torque Rod Bush
Setco Automotive Limited, a leading manufacturer of clutches for medium and heavy commercial vehicles (MHCVs), has announced its entry into the suspension segment with the launch of two new products—Load Cushion and Torque Rod Bush. This development marks a strategic expansion of the company’s commercial vehicle portfolio. The Load Cushion is designed to absorb vertical… Continue reading Setco Automotive Enters Suspension Segment with Launch of Load Cushion and Torque Rod Bush
Tata Motors Announces Introductory Prices for Harrier.ev Starting at ₹21.49 Lakh
Tata Motors, India’s largest electric four-wheeler manufacturer, has announced the introductory pricing of its new electric SUV, the Harrier.ev. Bookings for the rear-wheel drive (RWD) variants will begin on July 2, while prices for the dual-motor quad-wheel drive (QWD) versions are scheduled to be revealed on June 27. The ex-showroom, pan-India prices for the RWD… Continue reading Tata Motors Announces Introductory Prices for Harrier.ev Starting at ₹21.49 Lakh
Montra Electric Opens New Three-Wheeler Dealership in Bengaluru in Partnership with Rainland Autocorp
Montra Electric, the electric vehicle brand under TI Clean Mobility Private Limited of the Murugappa Group, has opened a new three-wheeler dealership in Bengaluru through a partnership with Rainland Autocorp. The dealership is located on Mysore Road, opposite the Satellite Bus Stand in Bapujinagar. This marks Montra Electric’s fourth dealership in Bengaluru and its first… Continue reading Montra Electric Opens New Three-Wheeler Dealership in Bengaluru in Partnership with Rainland Autocorp
KPIT Technologies Expects Caresoft Acquisition Closure by Quarter End
KPIT Technologies Limited announced in its mid-quarter update for June 2025 that it expects to close its acquisition of Caresoft’s Global Engineering Solutions Business by the end of the current quarter, with revenues from the acquired business to be consolidated beginning Q2FY26. The Pune-based technology company’s board approved the 100% acquisition in May 2025, and… Continue reading KPIT Technologies Expects Caresoft Acquisition Closure by Quarter End
EV91Technologies Launches Electric Two-Wheeler Fleet Operations in Delhi
EV91Technologies Private Limited launched its flagship electric two-wheeler operations fleet in Delhi on June 23, 2025, establishing a service facility equipped with diagnostic tools and trained professionals to support the company’s expansion across Delhi-NCR. The electric mobility startup positioned the launch as part of its commitment to building an inclusive electric vehicle ecosystem in India.… Continue reading EV91Technologies Launches Electric Two-Wheeler Fleet Operations in Delhi
Sona Comstar Appoints New Chairperson; Honours Late Sunjay Kapur as Chairman Emeritus
The Board of Sona BLW Precision Forgings Ltd. (Sona Comstar), in its meeting held on June 23, 2025, made several key decisions including leadership changes, board appointments, committee reconstitutions, and amendments to its Memorandum of Association. Sona Comstar announced several outcomes from its Board of Directors meeting held on Monday. The Board posthumously designated Late… Continue reading Sona Comstar Appoints New Chairperson; Honours Late Sunjay Kapur as Chairman Emeritus