Siemens Ltd, a supplier of transmission to transportation sector, announced a capex of over Rs 1000 crore for expanding its factories in India. Sunil Mathur, Managing Director and CEO, Siemens Limited, said, “Over the past few years, India has made rapid strides as a preferred destination for manufacturing and business. We believe that with the… Continue reading Siemens Limited announces Capex of over Rs 1000 crore
Category: US Motoring Press
Siemens Limited announces Capex of over Rs 1000 crore
Siemens Ltd, a supplier of transmission to transportation sector, announced a capex of over Rs 1000 crore for expanding its factories in India. Sunil Mathur, Managing Director and CEO, Siemens Limited, said, “Over the past few years, India has made rapid strides as a preferred destination for manufacturing and business. We believe that with the… Continue reading Siemens Limited announces Capex of over Rs 1000 crore
After record-breaking FY2024, SUV makers open FY2025 with over 213,000 units in April
As they did in FY2024, the utility vehicle (UV) sub-segment, which comprises UVs, SUVs and MPVs, continues to power sales in the overall passenger vehicle segment which also includes cars, sedans and vans. Also, just as it did in the FY2024 – a 60% share of the 4.21 million-units PV sales with 2.52 million units –… Continue reading After record-breaking FY2024, SUV makers open FY2025 with over 213,000 units in April
US announces 100% tariff on China-made electric vehicles: Report
Joe Biden has announced a 100% tariff on China-made EVs in a series of measures designed to shield American manufacturers from cheap imports, The Guardian reported. The White House said it was placing more stringent curbs on Chinese goods worth $18bn, according to The Guardian. Persons in the know informed the publication that this measure… Continue reading US announces 100% tariff on China-made electric vehicles: Report
Planet Electric claims industry-first weight sensor telematics system, gears up for June EV launch
Plant Electric, a Delhi-based upcoming e-mobility startup is gearing up to launch its first electric vehicle, potentially in June this year. The company, spearheaded by two ex-ISRO (Indian Space Research Organisation) engineers, will have weight sensors integrated into the vehicle’s telematics system. This technology promises real-time updates on cargo weight and the corresponding impact on the… Continue reading Planet Electric claims industry-first weight sensor telematics system, gears up for June EV launch
Planet Electric claims industry-first weight sensor telematics system, gears up for June EV launch
Plant Electric, a Delhi-based upcoming e-mobility startup is gearing up to launch its first electric vehicle, potentially in June this year. The company, spearheaded by two ex-ISRO (Indian Space Research Organisation) engineers, will have weight sensors integrated into the vehicle’s telematics system. This technology promises real-time updates on cargo weight and the corresponding impact on the… Continue reading Planet Electric claims industry-first weight sensor telematics system, gears up for June EV launch
Planet Electric claims industry-first weight sensor telematics system, gears up for June EV launch
Plant Electric, a Delhi-based upcoming e-mobility startup is gearing up to launch its first electric vehicle, potentially in June this year. The company, spearheaded by two ex-ISRO (Indian Space Research Organisation) engineers, will have weight sensors integrated into the vehicle’s telematics system. This technology promises real-time updates on cargo weight and the corresponding impact on the… Continue reading Planet Electric claims industry-first weight sensor telematics system, gears up for June EV launch
Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024
Carlos Tavares, Stellantis’ global CEO, has announced that Leapmotor will enter the Indian market in Q4 of 2024 as part of Leapmotor International’s global expansion strategy. Tavares told global media that the company may look at manufacturing of local products in India to overcome high import duties, but the decision is yet to be taken. … Continue reading Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024
Hatchback and sedan sales down 22% in April, Toyota sole OEM to register growth
Growth, it seems, is not going to come in a hurry for the passenger car segment, which comprises hatchbacks and sedans, in India. The segment, which saw an 11.4% YoY decline to 1.54 million units in FY2024, has opened FY2025 with sales of 110,452 units in Apil 2024, a YoY decline of 22% (April 2023:… Continue reading Hatchback and sedan sales down 22% in April, Toyota sole OEM to register growth
Tata Motors’ shares tumble on demand, JLR growth concerns
Tata Motors’ stock price fell sharply on stock exchanges on Monday, despite reporting record annual revenue and profit. The share price sank amid concerns about the demand in the domestic market and growth in Jaguar Land Rover margins. Tata Motors’ shares fell as much as 9.5 percent in intraday trading on the National Stock Exchange to Rs… Continue reading Tata Motors’ shares tumble on demand, JLR growth concerns