French start-up Quarkus, established in November 2020, has announced it will enter a modified version of its P3 sports car in this year’s Pikes Peak International Hill Climb. The P3 is a mid-engined two-seater claimed by its maker to have been developed entirely in-house. It’s underpinned by a carbonfibre chassis and is powered by a mild-hybrid… Continue reading French start-up to race striking hybrid at Pikes Peak
Category: US Motoring Press
SKF appoints Manish Bhatnagar as President of Industrial Region Americas
SKF has announced immediate changes in Group Management to accelerate strategic transformation and drive profitable growth. Manish Bhatnagar, the current President of Industrial Region India and Southeast Asia (ISEA), has been appointed as the new President of Industrial Region Americas, effective immediately. He will continue to serve as the Managing Director of SKF India Limited… Continue reading SKF appoints Manish Bhatnagar as President of Industrial Region Americas
SIAM Hosts third edition of Global Electrification Mobility Summit (GEMS) at Bharat Mobility Global Expo 2024
The Society of Indian Automobile Manufacturers (SIAM) convened the 3rd Global Electrification Mobility Summit (GEMS) during the Bharat Mobility Global Expo 2024 at Pragati Maidan. Themed ‘Vidhutikaran’ (Electrification): Electrifying India’s Journey towards Sustainable Mobility,” the summit aimed to foster collaboration among stakeholders to advance electrification initiatives, aligning with SIAM’s objective of Building the Nation Responsibly.… Continue reading SIAM Hosts third edition of Global Electrification Mobility Summit (GEMS) at Bharat Mobility Global Expo 2024
Following Rs 1,200 crore pledge, Ashok Leyland invests Rs 662 crore into EV arm
Chennai-based Ashok Leyland, which had previously approved an equity infusion of Rs 1,200 crore into its electric vehicle arm Optare in November last year, made a significant investment of Rs 662 crore during the quarter ending December 2023 (Q3 FY24). According to the company’s management, the remaining amount will be infused into one or more… Continue reading Following Rs 1,200 crore pledge, Ashok Leyland invests Rs 662 crore into EV arm
Vedanta chairman Anil Agarwal outlines USD 4 billion investment plan to double oil production: PTI
Mining conglomerate Vedanta Ltd will invest USD 4 billion over the next three years to double oil production, its chairman Anil Agarwal said on Tuesday as he pushed ahead with an aggressive oil and gas expansion programme, PTI reported. Vedanta is targeting 300,000 barrels per day (15 million tonnes a year) oil output in 3… Continue reading Vedanta chairman Anil Agarwal outlines USD 4 billion investment plan to double oil production: PTI
With strong performance in first 9 months of FY24, Ashok Leyland poised to reach medium-term goals: Dheeraj Hinduja
With commercial vehicle giant Ashok Leyland surpassing the previous high of FY19 on most of the key parameters during the first nine months of FY24, the company’s top leadership says it’s making steady progress toward reaching its ambitious and medium-term goals. In an investor presentation on Tuesday, the management highlighted its growth journey. It recorded… Continue reading With strong performance in first 9 months of FY24, Ashok Leyland poised to reach medium-term goals: Dheeraj Hinduja
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Slow road projects, Red Sea crisis could impact demand for road construction equipment
Road project awards by the Ministry of Road Transport and Highways (MoRTH) are slated to see a 40-43% on-year decline in FY24, and this has raised concerns for construction equipment companies such as Volvo CE India. Dimitrov Krishnan, Managing Director of Volvo CE India, said the decline could hamper project pipelines in the coming fiscal… Continue reading Slow road projects, Red Sea crisis could impact demand for road construction equipment