Autocar_Professional India Online News – Page 373

Creador to invest USD 50 million in Hinduja Tech, acquire 19.6% stake in company

Private equity firm Creador has signed a definitive agreement to invest USD 50 million in Hinduja Tech, for a 19.6% stake in the Ashok Leyland subsidiary, subject to completion of customary closing conditions. This investment places Hinduja Tech at a post-money equity value of USD 255 million. The infusion of capital will allow Hinduja Tech to augment… Continue reading Creador to invest USD 50 million in Hinduja Tech, acquire 19.6% stake in company

Overall impact on auto sector jobs in ICE to EV transition likely positive, says iFOREST

The transition of vehicles from internal combustion engines to electric models could have a disruptive effect on the industry and workers, but the overall impact on jobs would be positive, according to research by the International Forum for Environment Sustainability and Technology (iFOREST). The number of jobs per vehicle supported by electric vehicles will be… Continue reading Overall impact on auto sector jobs in ICE to EV transition likely positive, says iFOREST

Sonalika tractor unveils Rs 1,300 crore expansion plan for its manufacturing facility in Punjab

Sonalaika tractors announced on Friday the laying of the foundation stone for two new plants in Punjab. The development is in line with the company’s commitment to infuse a fresh round of investment announced late last year. Sonalika will invest Rs 1000 crore in setting up a new tractor assembly plant, and, additionally, Rs 300… Continue reading Sonalika tractor unveils Rs 1,300 crore expansion plan for its manufacturing facility in Punjab

Bengaluru court halts Kinetic Green’s “Zulu” e-Scooter in trademark spat with Yulu

A Bengaluru commercial court upheld a temporary injunction against Kinetic Green Energy, restricting them from using, selling, or advertising under the “YULU” trademark or any confusingly similar variations such as “ZULU” and “Kinetic Green Zulu.” The development comes days after a High Court of Karnataka in part ordered a temporary injunction on February 5 on… Continue reading Bengaluru court halts Kinetic Green’s “Zulu” e-Scooter in trademark spat with Yulu

Bengaluru court halts Kinetic Green’s “Zulu” e-Scooter in trademark spat with Yulu

ARENQ appoints Avnish Arora as Strategic Business Advisor to lead energy storage division

ARENQ, a prominent player in the energy storage battery sector, has appointed Avnish Arora as its Strategic Business Advisor. In his new role, Avnish will take charge of ARENQ’s energy storage business (BESS) and drive battery solutions across various industrial segments, including Oil & Gas, Power, Solar and Renewables, Telecom, IT & Data Centers, Railways… Continue reading ARENQ appoints Avnish Arora as Strategic Business Advisor to lead energy storage division

Greaves Electric Mobility launches Eltra City electric 3-wheeler

Greaves Electric Mobility has announced the launch of its latest innovation, the Greaves Eltra City. This electric 3-wheeler passenger vehicle is powered by a 9.6 kW motor and equipped with a 10.8 kWh lithium-ion battery. It offers features such as 14-degree gradability, 49 Nm of torque, and hill hold assist, guaranteeing a smooth and efficient… Continue reading Greaves Electric Mobility launches Eltra City electric 3-wheeler

Greaves Electric Mobility launches Eltra City electric 3-wheeler

Stellantis aims to double Citroen India sales in 2024, to quadruple touchpoints to 200

Having been on the fringes for the most part of its presence in India, Stellantis, the world’s fifth-largest carmaker wants to give its French brand Citroen a new lease of life. So far having relied on the phygital go to market strategy and hybrid work environment, Stellantis India plans to aggressively quadruple its touchpoints to… Continue reading Stellantis aims to double Citroen India sales in 2024, to quadruple touchpoints to 200