Kia Corporation has reported its global sales performance for 2024, marking a new annual record with 3,089,457 vehicles sold. This reflects a marginal increase of 0.1 % compared to the previous year. Kia’s sales outside of its home market, Korea, rose by 1 % year-over-year, reaching 2,543,361 units. However, domestic sales in Korea declined… Continue reading Kia reports 0.1% sales growth in 2024, targets 3.2 million units in 2025
Author: Autocar_Professional India Online News
Tata Elxsi and Qualcomm collaborate to advance Software-Defined Vehicle development
Tata Elxsi has announced its collaboration with Qualcomm Technologies to drive advancements in Software-Defined Vehicles (SDVs). The partnership focuses on developing and leveraging virtual models of Qualcomm’s Snapdragon® Digital Chassis™ solutions for cloud-native application development. As part of the collaboration, Tata Elxsi will create virtual electronic control unit (ECU) platforms using Snapdragon virtual system-on-chips… Continue reading Tata Elxsi and Qualcomm collaborate to advance Software-Defined Vehicle development
Altair India signs MoU with Centre of Excellence in Advanced Automotive Research to develop e-mobility solutions
Altair has signed a Memorandum of Understanding (MoU) with The Centre of Excellence in Advanced Automotive Research (CAAR). The collaboration will focus on developing solutions that advance e-mobility, autonomous systems, and sustainable vehicles while reducing product development timelines. “Our collaboration with CAAR and IIT Madras is poised to drive innovation in the automotive sector,” said… Continue reading Altair India signs MoU with Centre of Excellence in Advanced Automotive Research to develop e-mobility solutions
Mufin Green secures USD 18 million loan from US Development Finance Agency for EV financing
Mufin Green has secured a USD 18 million loan from the United States International Development Finance Corporation. The 10-year loan will help the NBFC to finance electric vehicles, chargers, and batteries. Kapil Garg, Founder and CEO of Mufin Green, said that the funding would help them expand our range of financial solutions for everyone involved… Continue reading Mufin Green secures USD 18 million loan from US Development Finance Agency for EV financing
EV players to meet Piyush Goyal today to discuss infra-related issues: PTI
Representatives from the electric vehicle sector will hold a meeting with Piyush Goyal, the Commerce and Industry Minister, on January 3, to talk about infrastructure issues related to battery swapping and charging, PTI reported citing sources. Officials from the Ministry of Heavy Industries are slated to attend the meeting, they noted. Spokespersons from Tata, Mahindra,… Continue reading EV players to meet Piyush Goyal today to discuss infra-related issues: PTI
EV players to meet Piyush Goyal today to discuss infra-related issues: PTI
Representatives from the electric vehicle sector will hold a meeting with Piyush Goyal, the Commerce and Industry Minister, on January 3, to talk about infrastructure issues related to battery swapping and charging, PTI reported citing sources. Officials from the Ministry of Heavy Industries are slated to attend the meeting, they noted. Spokespersons from Tata, Mahindra,… Continue reading EV players to meet Piyush Goyal today to discuss infra-related issues: PTI
Hyundai Motor India transports 26% of domestic sales by rail in 2024
Hyundai Motor India transported 26% of its domestic wholesale volume or 1,56,724 units through rail freight in 2024. This led to a reduction of 18,352 tons of CO2 emissions, the company said. It utilized Indian Railways’ extensive network to optimize its logistics, including 100% rail dispatches to the North-East region. Over the past four years,… Continue reading Hyundai Motor India transports 26% of domestic sales by rail in 2024
Hyundai Motor India transports 26% of domestic sales by rail in 2024
Hyundai Motor India transported 26% of its domestic wholesale volume or 1,56,724 units through rail freight in 2024. This led to a reduction of 18,352 tons of CO2 emissions, the company said. It utilized Indian Railways’ extensive network to optimize its logistics, including 100% rail dispatches to the North-East region. Over the past four years,… Continue reading Hyundai Motor India transports 26% of domestic sales by rail in 2024
Royal Enfield sells record 857,378 bikes in CY2024, beats previous best of CY2018
Royal Enfield has entered CY2025 on a very strong note. The Chennai-based midsize motorcycle market leader has sold a record 857,378 units in CY2024 which is its best-ever domestic market wholesales in a calendar year. Its CY2024’s sales, which are up 4% year-on-year (CY2023: 822,295 units), have surpassed company’s previous best of 837,669 units in… Continue reading Royal Enfield sells record 857,378 bikes in CY2024, beats previous best of CY2018
Royal Enfield sells record 857,378 bikes in CY2024, beats previous best of CY2018
Royal Enfield has entered CY2025 on a very strong note. The Chennai-based midsize motorcycle market leader has sold a record 857,378 units in CY2024 which is its best-ever domestic market wholesales in a calendar year. Its CY2024’s sales, which are up 4% year-on-year (CY2023: 822,295 units), have surpassed company’s previous best of 837,669 units in… Continue reading Royal Enfield sells record 857,378 bikes in CY2024, beats previous best of CY2018