Category: Automotive

High CNG prices are temporary, says CEO of Adani Total Gas

The trend towards CNG adoption still  remains strong despite increasing retail prices, says Suresh Manglani, CEO of Adani Total Gas. In his view, the uptick is a “passing storm” and “will pass away soon”. In a recent investor Manglani said, “I think there is a huge momentum and while prices rises are again expected,  we are sure that… Continue reading High CNG prices are temporary, says CEO of Adani Total Gas

Suzuki’s Gujarat plant crosses 2 million units production milestone

The two-millionth vehicle produced was the South African-specification Baleno. Suzuki Motor Gujarat (SMG), Suzuki Motor Corporation’s subsidiary for automobile production in India, has achieved cumulative automobile production of 2 million units. The company notched the production milestone on August 20, 2022. SMG was set up in March 2014 as Suzuki’s first 100 percent Suzuki-investment automobile… Continue reading Suzuki’s Gujarat plant crosses 2 million units production milestone

Hyundai Motor Group invests in Korean semiconductor start-up

Hyundai Motor Group has recently announced its investment in BOS Semiconductors, a fabless start-up based in Korea that designs system-on-chip (SoC) solutions expecting to collaborate toward semiconductor of future mobility. Established in 2022, BOS Semiconductors aims to grow into a global fabless company. It is developing system semiconductors based on innovative technologies, such as high-performance,… Continue reading Hyundai Motor Group invests in Korean semiconductor start-up

Time to Rethink ‘Safety’ for CVs and Industries At Large

Commercial Vehicles, as we see them, are a P&L (Profit and Loss) in themselves. Regardless of what they carry- people, products, or raw materials; the onus is on the company/industry to safeguard the driver, vehicle, and cargo/passenger so as to have a lasting positive business impact. Needless to say, everything we use today, right from… Continue reading Time to Rethink ‘Safety’ for CVs and Industries At Large

New umbrella company Nawiri Group brings together some of the safari industry’s pioneering brands for positive impact at scale

NAIROBI, Kenya, Aug. 26, 2022 /PRNewswire/ — Today the strategic investors and partners behind pioneering brands in the safari industry announced the formation of a new umbrella company, called Nawiri Group. The group’s aim is to consolidate their investments in responsible travel and connected impact initiatives in sub-Saharan Africa. Nawiri Group (www.NawiriGroup.com) holds majority interests… Continue reading New umbrella company Nawiri Group brings together some of the safari industry’s pioneering brands for positive impact at scale

NISAR to Redefine the Efficiency of Vehicle Intelligence Development and Deployment with Investment from Chengwei Capital

SHANGHAI, Aug. 26, 2022 /PRNewswire/ — On August 9, Manhe Technology (Nanjing) Co., Ltd. (hereinafter referred to as “NISAR” or “the Company”), a provider of intelligent driving platform-based tools and basic software in China, announced the completion of tens of millions of yuan in an angel financing round, all of which was exclusively invested by Chengwei… Continue reading NISAR to Redefine the Efficiency of Vehicle Intelligence Development and Deployment with Investment from Chengwei Capital

Direct-to-satellite Starlink coming to Tesla vehicles, but not in the way you expect

At a joint event between SpaceX and T-Mobile, the two companies announced that they will be launching a direct-to-phone connection with Starlink Gen 2 satellites. Elon took to Twitter soon after to confirm that this same connection will allow direct connections with Tesla vehicles. SpaceX’s announcement with T-Mobile saw the companies announce that SpaceX will… Continue reading Direct-to-satellite Starlink coming to Tesla vehicles, but not in the way you expect

Global PTW Holdings picks significant interest in SG-based Jesse TechThe deal will allow both firms to expand their offerings across the customer port…

Global PTW Holdings – which refurbishes front-end production equipment of semiconductors – has acquired a significant interest in Singapore-based Jesse Technology using the $20-million growth capital it raised from several investors, according to a press release. Global PTW raised capital on July 25 from Daiwa ACA APAC Growth I and II LP, private equity funds… Continue reading Global PTW Holdings picks significant interest in SG-based Jesse TechThe deal will allow both firms to expand their offerings across the customer port…

PropertyGuru’s Q2 revenues surge 44% riding on SG and Malaysia businesses

NYSE-listed PropertyGuru posted revenues and EBITDA margin growth in the second quarter of 2022 led by improvements in its Singapore and Malaysia units. The Southeast Asian property listing platform reported that Q2 revenue rose 43.6% year-on-year to S$33 million, led by Malaysian marketplace revenues that jumped 170% to S$5.9 million as a result of the… Continue reading PropertyGuru’s Q2 revenues surge 44% riding on SG and Malaysia businesses