Ashok Leyland, the Chennai-based commercial vehicle manufacturer, has announced plans to invest Rs 500 crore in Optare PLC, the holding company of its electric mobility subsidiary, Switch Mobility. The investment is set to be made in the fourth quarter of FY25. The company will also inject Rs 200 crore into Hinduja Finance to support its… Continue reading Ashok Leyland to invest Rs 500 crore in Switch Mobility’s holding company and Rs 200 crore in Hinduja Finance
Author: Autocar_Professional India Online News
Interview | Abhijit Sengupta of Here Technologies
With navigation becoming extremely imporant in a connected, fast-paced world, Here Technologies is undertaking cutting-edge innovation to build maps that help people and businesses. As navigation is becoming an extremely imporant tool in a connected, and fast-paced world, the Netherlands-headquartered mapping solutions major Here Technologies is undertaking cutting-edge innovation to build maps that help people… Continue reading Interview | Abhijit Sengupta of Here Technologies
Bosch Global Software Technologies and EMotorad Sign MoU to Explore Micro-Mobility Advancements
Bosch Global Software Technologies (BGSW) and EMotorad, along with its manufacturing arm Dynem, have signed a Memorandum of Understanding (MoU) to explore potential synergies in the micro-mobility segment. The collaboration aims to analyze market trends, exchange knowledge, and identify opportunities for India to play a strategic role as both a manufacturer and a market in… Continue reading Bosch Global Software Technologies and EMotorad Sign MoU to Explore Micro-Mobility Advancements
Tata Elxsi and Garuda Aerospace Collaborate to Develop Indigenous UAV Technologies
Tata Elxsi and Garuda Aerospace have signed a Memorandum of Understanding (MoU) at Aero India 2025 to establish a Centre of Excellence focused on the design and development of indigenous Unmanned Aerial Vehicles (UAVs). The collaboration aims to advance UAV systems, including drones, sensors, AI-driven analytics, and eVTOL solutions, catering to applications in defence, agriculture,… Continue reading Tata Elxsi and Garuda Aerospace Collaborate to Develop Indigenous UAV Technologies
Prostarm Info Systems Ltd to Launch Initial Public Offering Following SEBI Approval
Prostarm Info Systems Ltd, a Navi-Mumbai based power solution products company, announced its receipt of in-principle approval from the Securities Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO will involve the fresh issue of up to 1.6 crore equity shares of face value ₹10 each, to be listed on… Continue reading Prostarm Info Systems Ltd to Launch Initial Public Offering Following SEBI Approval
Ashok Leyland Reports Record Q3 Performance Driven by Profitable Growth Focus
Chennai-based commercial vehicle manufacturer Ashok Leyland has reported its strongest-ever third quarter performance, with net profit surging 31% to Rs. 762 crore, driven by strong domestic demand and growing exports. The company, a flagship of the Hinduja Group, has maintained its market leadership in the key MHCV segment while expanding into new vehicle categories. The… Continue reading Ashok Leyland Reports Record Q3 Performance Driven by Profitable Growth Focus
NxtWave Partners with TIER IV and Autoware Foundation to Build Autonomous Vehicle Developer Community
NxtWave has joined forces with TIER IV and the Autoware Foundation to build the world’s largest Autonomous Vehicle (AV) Developer Community. Launched under the SkillUp India 4.0 initiative, this collaboration aims to equip Indian youth with advanced skills in autonomous vehicle technology, thereby positioning India at the forefront of the global Physical AI revolution. This… Continue reading NxtWave Partners with TIER IV and Autoware Foundation to Build Autonomous Vehicle Developer Community
Epsilon Group to Invest Rs 15,350 Crore in Karnataka EV Battery Materials Manufacturing
Epsilon Group has signed a memorandum of understanding with the Karnataka government to invest Rs. 15,350 crore in manufacturing facilities for electric vehicle battery materials and testing. The investment, spread over 10 years, includes Rs. 9,000 crore for a graphite anode plant, Rs. 6,000 crore for a lithium iron phosphate cathode facility, and Rs. 350… Continue reading Epsilon Group to Invest Rs 15,350 Crore in Karnataka EV Battery Materials Manufacturing
Logistics Veteran Pirojshaw Sarkari Joins Billion Electric’s Advisory Council
Billion Electric Mobility has appointed Pirojshaw Sarkari as the Lead of its Advisory Council to strengthen its electric vehicle charging infrastructure across India’s highways. Sarkari, who brings over 30 years of experience in logistics and supply chain management, will focus on developing a network of charging stations for electric trucks and buses. The appointment comes… Continue reading Logistics Veteran Pirojshaw Sarkari Joins Billion Electric’s Advisory Council
Happy Forgings Signs Supply Agreement for Heavy Industrial Components with Global Manufacturer
Happy Forgings Limited (HFL) has entered into a Memorandum of Understanding with a global manufacturer of industrial and construction equipment for the long-term supply of heavy forged and precision-machined components. The agreement, announced in Ludhiana on February 12, 2025, paves the way for a binding supply contract expected to commence in 2028. The customer has… Continue reading Happy Forgings Signs Supply Agreement for Heavy Industrial Components with Global Manufacturer