Autocar_Professional India Online News – Page 334

Shivam Autotech Secures Rs 40 Crore Corporate Term Loan

Shivam Autotech, a part of the automotive component manufacturing sector, supplies precision components to various vehicle manufacturers. Shivam Autotech Limited has approved a corporate term loan of Rs 40 crore aimed at part-refinancing existing debt and enhancing working capital requirements, according to a regulatory filing submitted to stock exchanges today. Shivam Autotech, a part of… Continue reading Shivam Autotech Secures Rs 40 Crore Corporate Term Loan

Gensol Engineering Announces Rs. 600 Crore Fund-Raise to Improve Financial Position

Gensol Engineering Limited (NSE: GENSOL) has announced plans to raise Rs. 600 crore through a combination of Foreign Currency Convertible Bonds (FCCBs) and warrants issued to promoters. The initiative, approved by the company’s Board of Directors, aims to enhance financial stability and reduce debt. As part of the fund-raising plan, Rs. 400 crore will be… Continue reading Gensol Engineering Announces Rs. 600 Crore Fund-Raise to Improve Financial Position

Jupiter Wagons Expands Beyond Railways, Sets Sight on e-LCV Segment

Jupiter Wagons, which is a key supplier of wheels, axles, rolling stock, and braking systems—tailored for the high-speed rail segment, has partnered EA GreenPower to form Jupiter Electric Mobility to leverage technology synergies in the commercial EV segment. The company has marked its foray into the EV segment with its 1-tonne e-LCV with a high-voltage… Continue reading Jupiter Wagons Expands Beyond Railways, Sets Sight on e-LCV Segment

India Needs Rs 2500 Crore Investment to Achieve 5% Biodiesel Blending by 2030: Ind-Ra

India Ratings and Research (Ind-Ra) has projected that achieving the government’s 5% biodiesel blending target by 2030 will require an investment of Rs 2500 Cr. The economic feasibility of this target depends on the development of a robust supply chain and government incentives, such as tax subsidies, to improve uptake by oil marketing companies (OMCs).… Continue reading India Needs Rs 2500 Crore Investment to Achieve 5% Biodiesel Blending by 2030: Ind-Ra

Altmin to Set Up India’s First LFP Cathode Giga-Factory with Rs 750 Crore Investment

Altmin Private Limited has announced the establishment of India’s first Lithium Iron Phosphate (LFP) cathode giga-factory, with an investment of ₹750 crore. The foundation stone for the facility was laid at Divitipally, marking a step towards strengthening India’s battery materials manufacturing sector. The new plant will have an initial production capacity of 8 GWh,… Continue reading Altmin to Set Up India’s First LFP Cathode Giga-Factory with Rs 750 Crore Investment

NueGo Introduces India’s First Electric Sleeper AC Bus for Intercity Travel

NueGo, the electric intercity bus service by GreenCell Mobility, has introduced India’s first electric AC sleeper bus service. The launch marks a step towards sustainable long-distance travel, with operations planned across key routes in the country. The newly introduced sleeper buses will operate on major intercity routes, including Delhi–Amritsar, Bangalore–Chennai, Hyderabad–Rajahmundry, Chennai–Madurai, Vijayawada–Visakhapatnam, and… Continue reading NueGo Introduces India’s First Electric Sleeper AC Bus for Intercity Travel

Jio-bp Demonstrates Split Fuel Car Technology in Mumbai

Jio-bp unveiled its Split Fuel Car at Mumbai’s Jio World Centre on March 11, 2025, allowing customers to directly observe how the company’s high-performance fuels affect engine performance. The demonstration vehicle featured two separate fuel tanks powering different halves of a 6-cylinder engine. One tank contained Jio-bp’s ACTIVE Technology fuel while the other used standard… Continue reading Jio-bp Demonstrates Split Fuel Car Technology in Mumbai

Passenger Vehicle Sales Hit Record February High, Grow 1.9%: SIAM

The Indian automobile industry showed mixed performance in February 2025, with passenger vehicles hitting record February sales while two-wheelers witnessed a significant decline, according to data released by the Society of Indian Automobile Manufacturers (SIAM) today. Total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 23,46,258 units in February 2025. Passenger vehicle sales grew… Continue reading Passenger Vehicle Sales Hit Record February High, Grow 1.9%: SIAM

Tata Motors Launches New Passenger Vehicle Range in Sri Lanka

Tata Motors, in collaboration with DIMO, launched a new range of passenger vehicles in Sri Lanka today. The lineup includes both internal combustion engine (ICE) vehicles and electric vehicles (EV), featuring the Tata Punch, Nexon, and Curvv SUVs, along with the Tiago.ev electric hatchback. The event also included a preview of Tata’s expanded EV portfolio,… Continue reading Tata Motors Launches New Passenger Vehicle Range in Sri Lanka