Gestamp, the multinational company specialised in the design, development and manufacturing of highly engineered metal components for the automotive industry, expects that by 2027, more than 50% of its revenues will come from electric vehicles (EVs). The company, which held today its second Capital Markets Day, presented its 2023-2027 Strategic Plan to investors. This future… Continue reading Gestamp forecasts over 50% of its revenues by 2027 will come from EVs
Category: US Motoring Press
Volvo Group partners with Heidelberg Materials to reduce emissions in construction industry
Volvo Group has signed an agreement to collaborate with Heidelberg Materials, to reduce carbon emissions in the construction sector, by jointly investigating and developing how loading and hauling needs can be solved with the help of electrified vehicles and related services. The partnership will see several of Volvo Group’s customised electric product and service solutions put to work across much… Continue reading Volvo Group partners with Heidelberg Materials to reduce emissions in construction industry
Skoda Auto enters the realm of NFTs with Skodaverse India
Skoda Auto India has steered into the global Web 3.0 initiative with Skodaverse India, and as a part of the global Skodaverse initiative, Skodaverse India will begin with a platform that enables users to explore, buy and trade NFTs (Non-Fungible Token) online. This initiative aims to build a community of Skoda loyalists to engage, collaborate… Continue reading Skoda Auto enters the realm of NFTs with Skodaverse India
FM Logistic Inaugurates its Control Tower to optimise supply chain operations in India
French contract logistics provider, FM Logistic, inaugurated its first Control Tower (CT) facility in Pune on Tuesday. The Control Tower is part of FM’s strategy to enhance its 4PL and LLP offerings. Jean-Christophe Machet, CEO of FM Logistic, Stéphane Descarpentries, Managing Director, Asia and Strategic Projects, Alexandre Amine Soufiani, Managing Director, FM Logistic Singapore and… Continue reading FM Logistic Inaugurates its Control Tower to optimise supply chain operations in India
MoRTH revises third party premium rules
The Ministry of Road Transport and Highways (MoRTH) has issued a draft notification proposing Motor Third Party Premium and Liability Rules for the Financial Year 2023-24, in consultation with the Insurance Regulatory and Development Authority of India (IRDAI). In the said rules, the base premium for third-party insurance for unlimited liability has been proposed for… Continue reading MoRTH revises third party premium rules
Euler Motors opens four new outlets in Delhi-NCR
Euler Motors, an electric vehicle company, elevated its retail presence with the inauguration of its four retail stores in the Delhi NCR region. Euler Motors, with this strategic expansion, aims to cater to the growing demand for commercial EVs in the business and retail spaces, with a specific focus to connect to the retail customer.… Continue reading Euler Motors opens four new outlets in Delhi-NCR
Euler Motors opens four new outlets in Delhi-NCR
Euler Motors, an electric vehicle company, elevated its retail presence with the inauguration of its four retail stores in the Delhi NCR region. Euler Motors, with this strategic expansion, aims to cater to the growing demand for commercial EVs in the business and retail spaces, with a specific focus to connect to the retail customer.… Continue reading Euler Motors opens four new outlets in Delhi-NCR
Carlos Ghosn slaps $1 billion lawsuit on Nissan for his dismissal
Carlos Ghosn, former CEO of Nissan Motor has sued the Japanese automaker and claimed over $1 billion in damages. The auto executive has claimed that there has been ‘deep damage’ to his finances and reputation as a result of his ouster and arrest in 2018 for which he is seeking reparation. He has filed the… Continue reading Carlos Ghosn slaps $1 billion lawsuit on Nissan for his dismissal
JLR collaborates with supply chain mapping and risk analytics expert Everstream Analytics to integrate AI into supply chain management
JLR has announced a new collaboration with Everstream Analytics, the supply chain mapping and risk analytics experts, which will embed AI into JLR’s supply chain management. With this new technology, JLR can monitor its supply chain in real-time in order to help avert any future global supply issues, thereby protecting the production of its current… Continue reading JLR collaborates with supply chain mapping and risk analytics expert Everstream Analytics to integrate AI into supply chain management
Omega Seiki Mobility launches its first Urban Passenger Electric Three Wheelers Range “OSM Stream City” starting at Rs 1.85 lakh
Omega Seiki Mobility, a member o Anglian Omega Group, has launched a line-up of its New Electric Urban Passenger Vehicles- OSM Stream City. The OSM Stream City ATR is pieced at Rs 1.85 lakh (ex-showroom) and Stream City 8.5 which comes with a fixed battery, is priced at Rs 3.01 lakh. Uday Narang, Founder and… Continue reading Omega Seiki Mobility launches its first Urban Passenger Electric Three Wheelers Range “OSM Stream City” starting at Rs 1.85 lakh