Autocar_Professional India Online News – Page 374

ARAPL RaaS Begins Deliveries of Autonomous Electric Vehicles to US Warehousing Clients

Affordable Robotic and Automation Limited (ARAPL)’s subsidiary, ARAPL RaaS, has commenced deliveries of autonomous electric vehicles (AEVs) to warehousing clients in the United States. This move aims to capitalize on the burgeoning $300 billion US warehousing automation market. With an initial order book of $4 million, ARAPL RaaS is set to capture a significant market… Continue reading ARAPL RaaS Begins Deliveries of Autonomous Electric Vehicles to US Warehousing Clients

Auto Component Industry Revenue to Grow 8-10% in FY2026, ICRA Forecasts

The Indian auto component industry’s revenue is expected to grow by 8-10% in fiscal year 2026, according to a report released by ICRA on February 20, 2025. This growth represents a slight increase from the projected 7-9% in FY2025, though still lower than the 14% growth recorded in FY2024. Operating margins for auto component manufacturers… Continue reading Auto Component Industry Revenue to Grow 8-10% in FY2026, ICRA Forecasts

Suzuki Motor Raises FY31 Revenue, Operating Profit Targets

Japanese car and two-wheeler maker Suzuki Motor Corporation has raised its revenue target for the financial year ending March 2031 (Japanese FY30) to 8 trillion yen (₹4.62 lakh crore) from the target of 7 trillion yen (₹4.41 lakh crore) announced in January 2023, according to the company’s new mid-term management plan for FY26-31. The company… Continue reading Suzuki Motor Raises FY31 Revenue, Operating Profit Targets

Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing

Yuma Energy, a Battery-as-a-Service (BaaS) company in India, has acquired Grinntech Motors & Services Pvt. Ltd., a Chennai-based start-up focused on energy storage solutions. The acquisition supports Yuma Energy’s goal of increasing the adoption of clean energy solutions for businesses and individual users. By integrating Grinntech’s expertise in battery technology, research, and manufacturing, Yuma Energy aims… Continue reading Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing

Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing

Skoda Auto India Signs Ranveer Singh as First Brand Ambassador

Skoda Auto India has announced Bollywood actor Ranveer Singh as its first-ever brand ambassador, marking a significant milestone as the company celebrates 25 years in the Indian market. The announcement comes shortly after the introduction of Skoda’s first sub-4-metre SUV, the Kylaq. The partnership aims to strengthen Skoda’s position in India through people-centric campaigns that… Continue reading Skoda Auto India Signs Ranveer Singh as First Brand Ambassador

Kia Reveals PV5 Models as First Dedicated Platform Beyond Vehicles

Kia Corporation unveiled the exterior design of its PV5 Passenger and Cargo models on February 20, 2025, ahead of their full presentation at the Kia EV Day in Tarragona, Spain on February 24. The models represent Kia’s first dedicated offerings under its new Platform Beyond Vehicle (PBV) global business strategy. The mid-sized PV5, initially previewed… Continue reading Kia Reveals PV5 Models as First Dedicated Platform Beyond Vehicles

Suzuki Motor Cuts India FY31 Volume Target by 15% to 2.54 Million

With the falling share of the entry car segment and slowing growth rate, Suzuki Motor Corporation – the Japanese mini car specialist, has revised its long-term sales outlook for its Indian subsidiary downwards by 15%. Presenting the new mid-term management plan “By Your Side,” Suzuki Motor Corporation has guided for a volume of 2.54 million… Continue reading Suzuki Motor Cuts India FY31 Volume Target by 15% to 2.54 Million

Suzuki Motor Says Need to Rethink India Strategy Amid Falling Market Share

Japan’s Suzuki Motor Corporation said that its business environment in India has changed due to its declining market share and intensified competition in electric vehicles in the country, and that it needs to “rethink its strategy.” Reviewing the current mid-term management plan (Japanese FY2021–FY2025) — (Indian FY2022 to FY2026), the management noted that the company… Continue reading Suzuki Motor Says Need to Rethink India Strategy Amid Falling Market Share

“Nobody can argue with me:” Trump on reciprocal tariffs with India

US President Donald Trump has made it clear to PM Narendra Modi that India will not be given a free pass when it comes to reciprocal tariffs, PTI noted citing a Fox interview. In a recent interview with Fox News (19 February), he said “nobody can argue with me” on the tariff structure. The American President… Continue reading “Nobody can argue with me:” Trump on reciprocal tariffs with India