PIERER Mobility AG has announced significant upcoming changes to its Supervisory Board as part of a broader strategic realignment of the group. Stephan Zöchling (Chairman), Rajiv Bajaj (Deputy Chairman), and Friedrich Roithner will resign from their roles at the conclusion of the company’s next Annual General Meeting (AGM), scheduled for June 23, 2025. The company… Continue reading PIERER Mobility AG to Reshuffle Supervisory Board Following KTM Restructuring
Author: Autocar_Professional India Online News
Yulu Expands to North India with Zirakpur Launch Through Franchise Partnership
Yulu has launched its electric vehicle services in Zirakpur, Punjab, marking the company’s entry into North India through its first franchise partnership in the region. SP NexGen, led by mobility entrepreneur Sahil Goyal, will operate Yulu’s DeX goods mobility electric vehicles and technology platform in the area. The launch represents an expansion of Yulu’s Business… Continue reading Yulu Expands to North India with Zirakpur Launch Through Franchise Partnership
Apollo Tyres Receives Gold Rating from EcoVadis Sustainability Assessment
Apollo Tyres Ltd has received a Gold Rating from EcoVadis, placing the company among the top 5% of businesses worldwide across all industries in sustainability performance. The rating, announced on June 2, 2025, reflects the company’s overall performance score reaching the 95th percentile in fiscal year 2025, an improvement from the 92nd percentile achieved the… Continue reading Apollo Tyres Receives Gold Rating from EcoVadis Sustainability Assessment
Ola Electric Shares Drop 7% Following Major Block Deal Transaction
Ola Electric Mobility shares fell more than 7% on June 3 after a block deal worth Rs 731 crore was executed in early trading. The transaction involved 14.22 crore shares, representing a 3.23% stake in the electric vehicle manufacturer. Market sources suggest Hyundai Motor Company was the likely seller in the transaction, which led to… Continue reading Ola Electric Shares Drop 7% Following Major Block Deal Transaction
Ola Electric Shares Drop 7% Following Major Block Deal Transaction
Ola Electric Mobility shares fell more than 7% on June 3 after a block deal worth Rs 731 crore was executed in early trading. The transaction involved 14.22 crore shares, representing a 3.23% stake in the electric vehicle manufacturer. Market sources suggest Hyundai Motor Company was the likely seller in the transaction, which led to… Continue reading Ola Electric Shares Drop 7% Following Major Block Deal Transaction
Maruti Suzuki Says no Immediate Impact from China’s Rare Earth Magnet Export Curbs: Reuters
India’s largest automaker, Maruti Suzuki, stated on Monday that China’s new export restrictions on rare earth magnets have not immediately affected its production operations, though the company acknowledged ongoing discussions with government officials about the developing situation. According to Reuters, automotive industry manufacturers warned government officials last week that production lines could come to a… Continue reading Maruti Suzuki Says no Immediate Impact from China’s Rare Earth Magnet Export Curbs: Reuters
India Plans Industry Delegation to China in 2–3 Weeks Amid Rare-Earth Magnet Supply Concerns
Amid uncertainties regarding the supply of rare-earth magnets from China, the government is planning to send a team of automotive industry leaders to China to discuss the restoration of magnet supplies at the earliest. The delegation is likely to visit China within the next 2–3 weeks. “We are trying to send a delegation—some stakeholders. They… Continue reading India Plans Industry Delegation to China in 2–3 Weeks Amid Rare-Earth Magnet Supply Concerns
VinFast India Deputy CEO Ashwin Patil Moves to Advisory Role
Ashwin Patil has stepped down from his role as Deputy CEO at VinFast India and assumed a new position as Strategic Advisor, effective June 2, 2025. In his previous capacity, Patil oversaw key functions such as Sales and Network, Marketing, Corporate Banking, and Human Resources during the company’s early expansion phase in India. Patil also… Continue reading VinFast India Deputy CEO Ashwin Patil Moves to Advisory Role
Ducati India opens first Service-Only Workshop in Goa
Ducati India has inaugurated its first-ever exclusive Service-Only workshop in Mapusa, North Goa. This facility marks a new addition to Ducati’s expanding after-sales service network in the country. Spread over 1,200 square feet, the facility features two automated service bays and a customer lounge. Positioned just off National Highway NH-66, the workshop is expected to… Continue reading Ducati India opens first Service-Only Workshop in Goa
Vedanta Aluminium’s Jamkhani Mine Receives 4-Star Rating for Sustainable Operations
Vedanta Aluminium’s Jamkhani coal mine in Sundargarh, Odisha, has been awarded a 4-Star rating by the Ministry of Coal for the financial year 2023–24. The mine received a score of 83 out of 100 in the Ministry’s annual star rating assessment, which evaluates coal mines on parameters including scientific operations, environmental practices, compliance, and safety.… Continue reading Vedanta Aluminium’s Jamkhani Mine Receives 4-Star Rating for Sustainable Operations