Gujarat’s industry minister Balvantsingh Rajput categorically noted today that high level talks were on for viable investment from Tesla, ANI reported. “I want to share that Tesla is in the pipeline, he responded to a reporter’s query at a presser. “Quite a few companies are in touch. Talks are going on at higher levels, and… Continue reading ‘Tesla in pipeline’, says Gujarat industry minister ahead of Vibrant Gujarat Summit: ANI
Category: US Motoring Press
Over 27 OEMs, 400 component makers to participate in Bharat Mobility Global Expo
Leading 27 vehicle original equipment makers and 400 component makers from India and the global market will take part in the Bharat Mobility Global Expo 2024, which will be held in Bharat Mandapam, Delhi, from February 1-3. The mega exhibition, with a focus on electric mobility and other alternative technologies, will also bring together more… Continue reading Over 27 OEMs, 400 component makers to participate in Bharat Mobility Global Expo
Minda Corporation, Pricol to present arguments to CCI over stake acquisition
Minda Corporation and Pricol Ltd. are both preparing to present their arguments to the Competition Commission of India (CCI) following notices received regarding Minda’s proposed acquisition of an additional 8.79% stake in Pricol. The move was labelled a “hostile takeover” by many in the auto industry, setting the stage for a potential battle before the… Continue reading Minda Corporation, Pricol to present arguments to CCI over stake acquisition
India’s automobile industry not scared of competition: Commerce minister
Amid reports that India is considering reducing import duty on imports of completely built units of electric vehicles, Minister of Commerce and Industries Piyush Goyal, who has been working overtime to stitch a Free Trade Agreement with the United Kingdom, today said the Indian automobile industry is not scared of any competition. “The (automotive) industry… Continue reading India’s automobile industry not scared of competition: Commerce minister
Kinetic Green appoints S Sundareswaran as Director of Manufacturing and Operations
Kinetic Green, an electric two and three-wheeler manufacturer has appointed S. Sundareswaran as the Director of Manufacturing and Operations. Sundareswaran, who earlier served at Ashok Leyland, Switch Mobility Automotive andTAFE Ltd, comes with experience of more than three decades. He will look into the areas of leadership in production, quality assurance, supply chain management and manufacturing engineering activities. Sundareswaran… Continue reading Kinetic Green appoints S Sundareswaran as Director of Manufacturing and Operations
Solid State Batteries: Are we there yet?
If electric cars have to deliver the future we all expect them to, there will need to be several advances made in the coming years. The first, of course, involves the greening of battery components; specifically the mining and production of lithium. Automotive battery production currently releases around half a dozen tonnes of CO2. Up… Continue reading Solid State Batteries: Are we there yet?
Solid State Batteries: Are we there yet?
If electric cars have to deliver the future we all expect them to, there will need to be several advances made in the coming years. The first, of course, involves the greening of battery components; specifically the mining and production of lithium. Automotive battery production currently releases around half a dozen tonnes of CO2. Up… Continue reading Solid State Batteries: Are we there yet?
Exide Industries to increase corporate guarantee limit to subsidiary
Auto battery manufacturer Exide Industries is in the process of increasing the total limit of corporate guarantees to be availed by its subsidiary Exide Energy Solutions Limited (EESL), by Rs 1,000 crore. The corporate guarantee limit for its wholly-owned subsidiary Exide Energy Solutions will be increased from Rs 2,000 to Rs 3,000 crore. As part of… Continue reading Exide Industries to increase corporate guarantee limit to subsidiary
Toyota Kirloskar Motor announces price hike effective 1 January, 2024
Toyota Kirloskar Motor has announced a price hike, effective 1 January, 2024, in order to partially offset the rising input costs. The price increase ranges from 0.5% to 2.5% on select models and variants. “However, the overall price adjustment has been carefully moderated, taking into account a minimum impact on our esteemed customers,” the company… Continue reading Toyota Kirloskar Motor announces price hike effective 1 January, 2024
Toyota Kirloskar Motor announces price hike effective 1 January, 2024
Toyota Kirloskar Motor has announced a price hike, effective 1 January, 2024, in order to partially offset the rising input costs. The price increase ranges from 0.5% to 2.5% on select models and variants. “However, the overall price adjustment has been carefully moderated, taking into account a minimum impact on our esteemed customers,” the company… Continue reading Toyota Kirloskar Motor announces price hike effective 1 January, 2024