The Volkswagen Group has invested in Xpeng as part of a long-term partnership that will include Volkswagen models being built on the Chinese EV maker’s platforms. The German giant will invest around $700 million (£540m) to take a 4.99% share in Xpeng – at a rate of $4.99 per share – and take a seat on the company’s… Continue reading Volkswagen partners with Xpeng for Chinese electric cars
Category: US Motoring Press
India shows strongest growth potential for Lubricants demand among major consuming markets
India is a bright spot in the global lubricants market thanks to forecasts for significant growth, according to the latest research findings shared by Kline & Co. at the industry conference Shining Bright: Unlocking Growth Opportunities in the Indian Lubricants Market. The same sentiment was unanimously echoed by industry leaders at the conference about the world’s… Continue reading India shows strongest growth potential for Lubricants demand among major consuming markets
India shows strongest growth potential for Lubricants demand among major consuming markets
India is a bright spot in the global lubricants market thanks to forecasts for significant growth, according to the latest research findings shared by Kline & Co. at the industry conference Shining Bright: Unlocking Growth Opportunities in the Indian Lubricants Market. The same sentiment was unanimously echoed by industry leaders at the conference about the world’s… Continue reading India shows strongest growth potential for Lubricants demand among major consuming markets
TVS Motor Company to develop dynamics of a start-up, transition to a Smart Mobility Company, says Chairman Ralf Speth
Amid the rising disruption of EVs and shared mobility, TVS Motor Company, India’s third-largest two-wheeler maker, intends to develop the dynamics of the start-ups and link them to its core business. Having been on an acquisition spree, TVS Motor has picked up a stake in emerging companies such as EBCO in UK, Drive X,… Continue reading TVS Motor Company to develop dynamics of a start-up, transition to a Smart Mobility Company, says Chairman Ralf Speth
Renault and Nissan conclude definitive agreements
Renault Group and Nissan Motor Co. today announced that they have entered into the definitive agreements contemplated by the binding framework agreement executed and announced on February 6, 2023. This allows them to enter the next phase of collaboration with Renault and Mitsubishi Motors in mutually beneficial areas of innovations. The agreements focus on extending… Continue reading Renault and Nissan conclude definitive agreements
Toyota readies three new models for India launch this year
The badge-engineering exercise between Toyota and Maruti Suzuki has already given us three pairs of shared models between the two brands in India, the most recent one being the Innova Hycross-Invicto duo. And it’s certainly not stopping at that. As we had reported in January this year, Toyota is readying two more badge-engineered Maruti Suzuki models for launch in India this… Continue reading Toyota readies three new models for India launch this year
Rane Madras reports net loss of Rs 14.5 crore in Q1 FY24
Auto component maker Rane reported a consolidated net loss of Rs 14.5 crore in the April-June quarter (Q1 FY24). The company posted a net loss of Rs 3.3 crore in the same quarter a year ago. The company reported a total income of Rs 153.06 crore during the period ended June 30, 2023, down 8%… Continue reading Rane Madras reports net loss of Rs 14.5 crore in Q1 FY24
Ampere partners with Readily Mobility to offer full-stack after-sales services to Fleet customers
Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has entered into a collaboration with Readily Mobility, a leader in the vehicle assistance industry, bringing full-stack after-sales and service support for its B2B fleet customers. Under this agreement, Readily Mobility will cater to Ampere’s fleet of vehicles, to ensure smooth operations, minimal downtime, and maximum business efficiency for Ampere’s fleet customers.… Continue reading Ampere partners with Readily Mobility to offer full-stack after-sales services to Fleet customers
Volvo XC40 Recharge captures 25% share of luxury EV market in H1 2023
Volvo Car India’s luxury EV the XC 40 Recharge captured 25% of the market share in the luxury EV segment. According to data available on the Government of India’s Vahan portal, the XC40 Recharge sold 241 units in the period January-June 2023 which corresponds to 25% of the luxury EV segment. Volvo’s XC 40 Recharge… Continue reading Volvo XC40 Recharge captures 25% share of luxury EV market in H1 2023
Audi integrates YouTube into various models
Audi is integrating YouTube, the world’s largest video platform, into selected models’ infotainment systems. By embedding a new app store, customers can intuitively access popular third-party apps through the Multimedia Interface (MMI) via a data link in the vehicle. The YouTube app is now available in the app store for the first time. Video streaming… Continue reading Audi integrates YouTube into various models