Minister of Road Transport and Highways Nitin Gadkari has urged the finance minister to reduce the goods and service tax on hybrid vehicles to 12 percent, as per media reports. Recently there have been reports that the government is considering a lower tax structure on hybrid vehicles – powered by a petrol engine and an… Continue reading Transport Minister Gadkari proposes cutting GST on hybrid cars to 12%: Report
Author: Autocar_Professional India Online News
Himadri Specialty Chemicals acquires stake in lithium-ion battery material startup Invati
Himadri Speciality Chemical Limited (Himadri), a Kolkata-based specialty chemicals company, announced Wednesday that it has acquired a 40% stake in Invati Creations Private Limited (Invati) for Rs. 45.16 crore. The deal involves a two-pronged approach. Himadri will infuse Rs 19.99 crore in Invati as growth capital, while the remaining Rs 25.17 crore will be settled through… Continue reading Himadri Specialty Chemicals acquires stake in lithium-ion battery material startup Invati
Ultraviolette forays into Turkey, marking European entry
EV player Ultraviolette Automotive and Kibar Holding, a leading conglomerate in Turkey jointly showcased the F77 performance electric motorcycle at the Motobike Istanbul 2024 exhibition at the K-Rides pavilion from March 20-23, 2024. Kibar Holding has ventured into the two-wheeler vehicle sector with the establishment of its new company, K- Rides, towards the end of… Continue reading Ultraviolette forays into Turkey, marking European entry
TVS Motor Co inducts Vijay Sankar and Shailesh Haribhakti as independent directors
The Chennai-based TVS Motor Company today announced changes to its Board with the appointment of two new independent directors, subject to approval of the shareholders. The two new members, who will join the Board as independent directors, are Vijay Sankar, chairman of the Chennai-based Sanmar Group, and Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates.… Continue reading TVS Motor Co inducts Vijay Sankar and Shailesh Haribhakti as independent directors
India debut: MG Motor India takes wraps off the Cyberster
MG Motor India has taken the wraps off the Cyberster for the first time in our country and confirmed that it will be introducing a new network of premium outlets for its more upmarket offerings. While the Chinese-owned British brand has yet to confirm which models will be sold from these new premium showrooms, the Cyberster… Continue reading India debut: MG Motor India takes wraps off the Cyberster
Shah Rukh Khan onboarded as brand ambassador for Castrol India
Castrol, a subsidiary of the bp Group and a global pioneer in lubricants has onboarded Bollywood superstar Shah Rukh Khan as its brand ambassador. Over the next two years, Shah Rukh Khan will feature in digital, print, and TV campaigns for bp and Castrol, showcasing their wide range of products. Sashi Mukundan, President of bp… Continue reading Shah Rukh Khan onboarded as brand ambassador for Castrol India
Semiconductor manufacturing in Assam will put state on global map, says Ratan Tata: ANI
Manufacturing of semiconductors in Assam will put the state on the global map, industrialist Ratan Tata said. The Tata conglomerate has invested Rs 27,000 crore in investments for a semiconductor plant in Jagiroad, ANI reported. “Today, the state government of Assam in partnership with the Tata Group will make Assam a major player in sophisticated… Continue reading Semiconductor manufacturing in Assam will put state on global map, says Ratan Tata: ANI
SKF appoints Mukund Vasudevan as President, Industrial Region of India and Southeast Asia
Auto component major SKF has appointed Mukund Vasudevan as President, of Industrial Region of India and Southeast Asia. The development comes a month after Manish Bhatnagar, then President of Industrial Region India and Southeast Asia (ISEA) was moved to the role of new President, Industrial Region Americas. Mukund will succeed Fredrik Hallen, Acting President of the… Continue reading SKF appoints Mukund Vasudevan as President, Industrial Region of India and Southeast Asia
SKF appoints Mukund Vasudevan as President, Industrial Region of India and Southeast Asia
Auto component major SKF has appointed Mukund Vasudevan as President, of Industrial Region of India and Southeast Asia. The development comes a month after Manish Bhatnagar, then President of Industrial Region India and Southeast Asia (ISEA) was moved to the role of new President, Industrial Region Americas. Mukund will succeed Fredrik Hallen, Acting President of the… Continue reading SKF appoints Mukund Vasudevan as President, Industrial Region of India and Southeast Asia
SAIC Motor, JSW Group outline roadmap for JV- JSW MG Motor India
SAIC Motor and JSW Group, have announced the business roadmap for their new strategic Joint Venture – JSW MG Motor India Pvt. Ltd. (JSW MG Motor India), that will aim to capitalise on the significant opportunities emerging in the Indian automotive sector. JSW MG Motor India will also leverage synergies across JSW Group’s ecosystem. Itaims to bring in… Continue reading SAIC Motor, JSW Group outline roadmap for JV- JSW MG Motor India