Hyundai has named chief operating officer Jose Muñoz as its new global CEO. He will take the reins on 1 January from Jaehoon Chang, who has been promoted to vice chair of the company’s automotive division. Born in Spain, Muñoz will be the first non-Korean to lead Hyundai Motor Company since it was founded in 1967. Joining Hyundai… Continue reading Hyundai elevates chief operating officer Jose Munoz to CEO
Author: Autocar_Professional India Online News
Small EVs dominate Car of the Year 2025 shortlist
The list of the seven finalists for the 2025 edition has just been published, and the 60 jurors from 23 European countries have had to choose from among 42 models those they consider most likely to win the continental award. The winner of ‘The Car Of The Year’ award will be announced on January 10,… Continue reading Small EVs dominate Car of the Year 2025 shortlist
OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
Indian truck manufacturers, including Tata Motors and Ashok Leyland, advocated for component-level incentives and long-term asset utilization to boost the effectiveness of the Rs 500 crore PM E-Drive subsidy for electric trucks, during a consultative meeting hosted by the Ministry of Heavy Industries. Leaders from original equipment manufacturers (OEMs) asked the government to undertake programs… Continue reading OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
Indian truck manufacturers, including Tata Motors and Ashok Leyland, advocated for component-level incentives and long-term asset utilization to boost the effectiveness of the Rs 500 crore PM E-Drive subsidy for electric trucks, during a consultative meeting hosted by the Ministry of Heavy Industries. Leaders from original equipment manufacturers (OEMs) asked the government to undertake programs… Continue reading OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
Setco Auto records highest ever revenue in H1FY25 led by strong demand
Setco Automotive Ltd, one of India’s largest Medium and Heavy Commercial Vehicles (MHCV) clutch manufacturers, reported a 10% increase in revenue from operations in Q2 FY25 to Rs 159.9 crore up from Rs 145.7 crore in Q2 FY24. The company’s EBITDA for Q2 FY25 was Rs 26.0 crore, a 104% year-on-year growth from Rs 12.7… Continue reading Setco Auto records highest ever revenue in H1FY25 led by strong demand
Cyient and Allegro MicroSystems establish center of excellence in Hyderabad for automotive semiconductor development
Cyient, a global engineering services company, has announced an expanded partnership with Allegro MicroSystems, a provider of power and sensing solutions, through the launch of a Center of Excellence (CoE) in Hyderabad, India. Situated at Cyient’s Manikonda Campus, the CoE will focus on the development of magnetic sensors and power semiconductor products for the… Continue reading Cyient and Allegro MicroSystems establish center of excellence in Hyderabad for automotive semiconductor development
Safety tops the charts: Festive car buying trends highlight India’s evolving preferences
Cyient and Allegro MicroSystems establish center of excellence in Hyderabad for automotive semiconductor development Autocar Pro News Desk 15 Nov 2024 The new CoE will focus on creating advanced magnetic sensors and power semiconductors, supporting innovations in electric vehicles, ADAS, and embedded systems, while enhancing Allegro’s presence and expertise in India. Read more Go to Source
‘We have a three-pronged strategy for sustainable mobility’: Volvo Group’s Maria Ebbesson
Sweden’s Volvo Group is making a strong move towards sustainable mobility, with a clear focus to offer a completely fossil fuel free product portfolio by 2040. As a result, with a 10-year average product lifecycle of heavy commercial vehicles (trucks and buses), the company envisions achieving fossil-fuel free products in the market by 2050. According… Continue reading ‘We have a three-pronged strategy for sustainable mobility’: Volvo Group’s Maria Ebbesson
A veteran steps away: Ashish Tandon exits Tata Motors
Ashish Tandon, a seasoned executive and key architect behind Tata Motors’ small commercial vehicle (SCV) strategy, has resigned from his post, sources close to the matter revealed. Tandon, who held the title of Senior General Manager, informed colleagues of his departure through an internal email. Efforts to secure a comment from Tata Motors’ spokesperson went… Continue reading A veteran steps away: Ashish Tandon exits Tata Motors
Vecmocon secures Rs 83 Crore in series A funding to advance EV Technology
Vecmocon, a vehicle intelligence company, has secured Rs 83 Crore in the first phase of its Series A funding. The funding round was led by Ecosystem Integrity Fund (EIF) with participation from Blume Ventures and British International Investment (BII). This follows Vecmocon’s earlier pre-Series A funding round in 2022, where it raised Rs 43.16 Crore… Continue reading Vecmocon secures Rs 83 Crore in series A funding to advance EV Technology