Category: News Site

Ford India launches Endeavour Sport at Rs 35.10 lakh

Ford India has launched the Endeavour Sport at Rs 35.10 lakh (ex-showroom, Delhi). The new variant – which is based on the Titanium+ 4×4 trim – adds blacked-out cosmetic elements to the Endeavour’s exterior in a bid to give the SUV a sportier look. Compared to the standard Endeavour, the Endeavour Sport gets a raft… Continue reading Ford India launches Endeavour Sport at Rs 35.10 lakh

India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong

US-based automobile distributor HAAH Automotive Holdings has reached out to India’s Mahindra & Mahindra Ltd (M&M) with an offer to invest USD 258 million in the latter’s Korean subsidiary SsangYong Motor Company, according to a report by the news agency Korean Investors. The report said that Indian automobile manufacturer, which owns 75% stake in SsangYong Motor,… Continue reading India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong

China’s Didi, BYD to launch co-designed ride-hailing EV this year

China’s ride-hailing giant Didi Chuxing and electric vehicle maker BYD plan to launch this year a test batch of a vehicle they have designed for ride-hailing services, people familiar with the matter said. BYD received approval from China’s Ministry of Industry and Information Technology to sell an electric sedan model called D1 last month, according to government… Continue reading China’s Didi, BYD to launch co-designed ride-hailing EV this year

Daimler Buses India produces 100th FUSO bus for export markets

Daimler Buses India began production of FUSO-branded 9-ton buses for export markets in October 2019. Since then, production of fully-built FUSO School and Staff Buses serving UAE markets has been continuously ramped up. Recently, Daimler Buses India reached its first milestone with the 100th FUSO bus rolling off the line at its Chennai plant. Apart… Continue reading Daimler Buses India produces 100th FUSO bus for export markets

FuelBuddy raises Rs 17 crore in seed funding

FuelBuddy, the Delhi-based on-demand fuel-delivery start-up which commenced operations in May 2018, has announced raising fresh funds for business expansion in its latest round of seed funding. The company has raised Rs 17 crore (US$ 2.3 million) from individual investor SK Narvar, with a further capital commitment of an equal amount on need basis. The… Continue reading FuelBuddy raises Rs 17 crore in seed funding

Schaeffler joins forces with Bosch to expand intelligent rear wheel steering portfolio

Schaeffler’s rear wheel steering unit boasts high efficiency and low weight. Global automotive and industrial supplier Schaeffler is embarking on a development partnership with Robert Bosch Automotive Steering GmbH to expand its intelligent Rear Wheel Steering (iRWS) portfolio. The aim of the partnership is to grow the market by offering integrated solutions for Rear Wheel… Continue reading Schaeffler joins forces with Bosch to expand intelligent rear wheel steering portfolio

UK plans to bring forward ban on fossil fuel vehicles to 2030

Environment Announcement expected in autumn to help trigger green economic recovery from Covid-19 Graeme Cooper, the director in charge of National Grid’s electric vehicle project, told the Guardian that fears over the UK electricity grid’s ability to cope with a boom in vehicle charging are unfounded. Photograph: Owen Humphreys/PA The UK is poised to bring… Continue reading UK plans to bring forward ban on fossil fuel vehicles to 2030

Europa Press: Nikola co-founder resigns as company president following fraud allegations000416

MADRID, 21 Sep. (EUROPA PRESS) – The co-founder of the electric vehicle manufacturer Nikola Trevor Milton has presented his resignation on Monday as executive president of the company, according to the company, which has decided to appoint Stephen Girsky, former vice president of General Motors and a director of Nikola as chairman of the board… Continue reading Europa Press: Nikola co-founder resigns as company president following fraud allegations000416