Continental has opened a new TechCenter for hydrogen technologies at its site in Hamburg-Harburg, Germany. In the future, the ContiTech group sector will use the TechCenter as a collaborative platform for knowledge exchange in this area. Innovations and the transfer of existing technical solutions for new applications in the field of hydrogen technologies are to… Continue reading Continental opens hydrogen tech centre in Hamburg
Category: US Motoring Press
Bajaj-Triumph eyes volumes of 40,000 to 50,000 units of mid-size bike sales globally in FY24
Bajaj-Triumph will be hoping to produce and sell about 40,000 to 50,000 units of its much-awaited mid-size motorcycle in FY24, globally. Launched at an aggressive price of Rs 2.23 lakh for the first 10,000 customers, the company had received over 2,500 bookings for the Speed 400x, within a couple of hours of the price announcement… Continue reading Bajaj-Triumph eyes volumes of 40,000 to 50,000 units of mid-size bike sales globally in FY24
Stellantis India opens digital hub in Hyderabad
The 75,000 square feet facility was inaugurated by KT Rama Rao, among other government officials and Stellantis management team, and will accommodate over 700 work stations. Stellantis India has opened a Digital Hub in Hyderabad, which will provide end to end capabilities in product development, IT services and software technologies. The 75,000 square feet… Continue reading Stellantis India opens digital hub in Hyderabad
Triumph launches Speed 400 at Rs 2.23 lakh for the first 10,000 customers
Aimed at younger buyers, Premium British Motorcycle maker Triumph has entered the fast-growing mid-size motorcycle market in India in partnership with Bajaj Auto. This comes close on the heels of the iconic US brand Harley Davidson’s launch of the 440 cc bike. Both these companies look to challenge the dominance of the Royal Enfield- the mid-size motorcycle specialist. … Continue reading Triumph launches Speed 400 at Rs 2.23 lakh for the first 10,000 customers
Maruti Suzuki India launches Invicto at Rs 24.79 lakh
Maruti Suzuki India (MSIL) has launched its flagship model – Invicto – with prices ranging from Rs 24.79 lakh to Rs 28.42 lakh, ex-showroom. The full-size MPV, which will be retailed from MSIL’s premium Nexa channel, aims to empower the company to tap into the potential of the over Rs 20 lakh price segment, a… Continue reading Maruti Suzuki India launches Invicto at Rs 24.79 lakh
Maruti Suzuki India launches Invicto at Rs 24.79 lakh
Maruti Suzuki India (MSIL) has launched its flagship model – Invicto – with prices ranging from Rs 24.79 lakh to Rs 28.42 lakh, ex-showroom. The full-size MPV, which will be retailed from MSIL’s premium Nexa channel, aims to empower the company to tap into the potential of the over Rs 20 lakh price segment, a… Continue reading Maruti Suzuki India launches Invicto at Rs 24.79 lakh
EV startup Vegh raises US$ 5 million in pre-series funding
EV startup Vegh has secured US$ 5 million in pre-series funding, as a part of the company’s ongoing US$ 50 million pre-series funding round. The latest funding from an undisclosed investor will be used for the company’s working capital needs, sales, distribution network, and the expansion of its manufacturing capabilities for EV parts. Funds will… Continue reading EV startup Vegh raises US$ 5 million in pre-series funding
SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023
With eight of the 16 passenger vehicle OEMs in India releasing their wholesale numbers for June 2023, it is clear that the 325,000-unit mark will have been breached for the sixth month in a row. Cumulative sales of nine OEMs add up to 313,360 units, up 6% on their year-ago sales but down 2.47% on… Continue reading SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023
SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023
With eight of the 16 passenger vehicle OEMs in India releasing their wholesale numbers for June 2023, it is clear that the 325,000-unit mark will have been breached for the sixth month in a row. Cumulative sales of nine OEMs add up to 313,360 units, up 6% on their year-ago sales but down 2.47% on… Continue reading SUV demand drives June sales to 325,000 units, over 2 million PVs sold in first-half 2023
Fiat reveals scrapped plan to replace Punto with crossover
Fiat was developing a successor to the Grande Punto 10 years ago, but it was scrapped over worries that the now-booming B-segment was then “too competitive and not profitable enough”. That car, shown here in an official sketch for the first time, would have been given the 500+ badge, and would have been bigger than the Fiat… Continue reading Fiat reveals scrapped plan to replace Punto with crossover