Bangaluru-based EV charging aggregator platform – Ionage – has revealed its ambitious expansion plans, with the company eyeing to onboard over 100,000 EV chargers located across the country, on its platform by CY2028. The company, which presently has around 3,000 nationwide EV charging points integrated on its mobile application, aims to double the number soon.… Continue reading Bengaluru-based Ionage plans to onboard 1 lakh EV chargers on its platform by 2028
Category: US Motoring Press
Freudenberg India registers 11% growth in CY23 to clock Rs 3,803 crore in revenues
Freudenberg India, which is the local arm of the European Tier-1 major that is a key supplier of automotive components such as sealing-, vibration-and-acoustic systems, filtration devices, as well as performance materials, has registered an 11 percent growth in CY23 to clock Rs 3,803 crore in revenues (CY22: Rs 3,431 crore). Freudenberg India’s profit margin… Continue reading Freudenberg India registers 11% growth in CY23 to clock Rs 3,803 crore in revenues
BMW Group records sales growth of 51% in Q1 FY24
BMW Group India recorded a growth of over 51% in Q1 FY24, on the back of high demand for Sports Activity Vehicles, Luxury Class and Electric Vehicles. Models like the BMW X7, BMW X3, BMW X1 and BMW 3 Series were sold out. BMW Group India delivered 3,680 cars (BMW and MINI) and 1,810 motorcycles… Continue reading BMW Group records sales growth of 51% in Q1 FY24
EXCLUSIVE: Maruti Suzuki’s much awaited entry into EV space delayed by several months
Maruti Suzuki’s long-awaited entry into the EV space with a mid-size SUV EV (code: YY8) based on the e-VX concept is set to see a delay of some months, sources aware of the matter told Autocar Professional. They also said that the company is trying to address multiple challenges of battery supplies and software issues… Continue reading EXCLUSIVE: Maruti Suzuki’s much awaited entry into EV space delayed by several months
EXCLUSIVE: Maruti Suzuki’s much awaited entry into EV space delayed by several months
Maruti Suzuki’s long-awaited entry into the EV space with a mid-size SUV EV (code: YY8) based on the e-VX concept is set to see a delay of some months, sources aware of the matter told Autocar Professional. They also said that the company is trying to address multiple challenges of battery supplies and software issues… Continue reading EXCLUSIVE: Maruti Suzuki’s much awaited entry into EV space delayed by several months
FY2024 retail sales rise 10% to 24.53 million units, all vehicle segments register robust growth
India Auto Inc has had a good outing in FY2024 and the real-world retail numbers reflect just that. As per the official retail sales data released by the Federation of Automobile Dealers Associations of India (FADA), a total of 24.53 million units (2,45,30,334 units) were sold between April 2023 and March 2024. Autocar Professional’s sales… Continue reading FY2024 retail sales rise 10% to 24.53 million units, all vehicle segments register robust growth
Auto component manufacturer ADVIK acquires assets of Li-ion battery firm Aceleron Energy
ADVIK, a Pune-based automotive component manufacturer, has acquired business assets of Aceleron Energy Ltd., a UK-based advanced Li-ion battery company, marking its entry into the electric vehicle and EV storage systems space. The acquisition expands ADVIK’s product range and customer base, aiming to enhance the development of next-gen energy storage solutions, the press release noted.… Continue reading Auto component manufacturer ADVIK acquires assets of Li-ion battery firm Aceleron Energy
Hyundai and Kia partner Exide Energy to produce LFP batteries in India
Hyundai Motor Company and Kia Corporation have signed a Memorandum of Understanding (MoU) for strategic cooperation with Exide Energy Solutions (Exide Energy), a leading Indian battery company, as part of their electric vehicle (EV) expansion plans. The signing ceremony took place at Hyundai Motor Group’s Namyang Research and Development Center in South Korea, attended by… Continue reading Hyundai and Kia partner Exide Energy to produce LFP batteries in India
Hyundai and Kia partner Exide Energy to produce LFP batteries in India
Hyundai Motor Company and Kia Corporation have signed a Memorandum of Understanding (MoU) for strategic cooperation with Exide Energy Solutions (Exide Energy), a leading Indian battery company, as part of their electric vehicle (EV) expansion plans. The signing ceremony took place at Hyundai Motor Group’s Namyang Research and Development Center in South Korea, attended by… Continue reading Hyundai and Kia partner Exide Energy to produce LFP batteries in India
Rajesh Bhasin exits Skoda Auto, Czech brand without head of sales and marketing again
The top deck at Skoda Auto India is witnessing a shuffle yet again. The head of sales of the Czech brand – Rajesh Bhasin has exited the company within just 9 months of joining. Bhasin joins Rahul Pansare – the head of marketing who also stepped down several weeks back – creating a void of… Continue reading Rajesh Bhasin exits Skoda Auto, Czech brand without head of sales and marketing again