This super 96-pager is power packed with news, features, interviews and technology articles that will keep you up to date on developments in the Indian and global automotive sector. The highlight of the issue is about the race for electric vehicles (EV) in India and how billions of dollars are lined up in the world’s… Continue reading Autocar Professional’s August 1, 2023, issue is out!
Category: US Motoring Press
Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Mahindra & Mahindra – India’s number two SUV maker in terms of volumes and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company. Temasek will invest Rs 1,200 crore in the form of… Continue reading Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Toyota Kirloskar Motor unveils all new Vellfire in India at Rs 1.20 crore
Toyota has launched the next-gen Vellfire MPV in India at Rs 1.20 crore (ex-showroom, India). A sister product to the more luxuriously appointed Lexus LM, the new Vellfire is offered in two variants – Hi and VIP – where the latter gets the Executive Lounge package. The carmaker has launched the Vellfire sooner than the anticipated timeline of September 2023. In… Continue reading Toyota Kirloskar Motor unveils all new Vellfire in India at Rs 1.20 crore
Medikabazaar partners with B:Live to offer EV delivery options
B:Live, a growing multi-brand EV platform, has partnered with Medikabazaar – India’s medical marketplace, to help the latter adopt EVs for its delivery operations. The first batch of EV 2Ws has been delivered to their respective hubs inMumbai, Pune, Hyderabad, Bengaluru, Kolkata, Delhi-NCR, Gurgaon, and Ahmedabad. These locations will ensure overall accessibility and convenience for… Continue reading Medikabazaar partners with B:Live to offer EV delivery options
Medikabazaar partners with B:Live to offer EV delivery options
B:Live, a growing multi-brand EV platform, has partnered with Medikabazaar – India’s medical marketplace, to help the latter adopt EVs for its delivery operations. The first batch of EV 2Ws has been delivered to their respective hubs inMumbai, Pune, Hyderabad, Bengaluru, Kolkata, Delhi-NCR, Gurgaon, and Ahmedabad. These locations will ensure overall accessibility and convenience for… Continue reading Medikabazaar partners with B:Live to offer EV delivery options
SIAM drives circular economy with an extended producer responsibility seminar
In order to drive a circular economy, the Society of Indian Automobile Manufacturers (SIAM), the apex automotive industry body, organised a seminar on ‘Achieving Circularity in the Automotive Industry through Extended Producer Responsibility (EPR)’. The seminar emphasised how effective EPR implementation can contribute to an Aatmanirbhar Bharat, Circular Economy, Decarbonisation, LiFE (Lifestyle for Environment), and achieve… Continue reading SIAM drives circular economy with an extended producer responsibility seminar
BorgWarner secures contract to supply HV coolant heaters to an OEM for its EV platforms
BorgWarner has secured a contract with a global automotive thermal and energy management solutions supplier to deliver high voltage coolant heaters (HVCH) for use on a series of three electric vehicle platforms for a major OEM. The heater will be added to the supplier’s heating and cooling module and will be used to provide heat… Continue reading BorgWarner secures contract to supply HV coolant heaters to an OEM for its EV platforms
Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
The Maruti Suzuki Alto has become India’s highest selling car, having clocked cumulative sales of 45 lakh or 4.5 million units. The latest milestone for the small car comes 23 years after it was launched. The Alto saw strong consumer acceptance soon after its launch and by 2004 it had become the best-selling car in… Continue reading Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp’s Munjal, some others: PTI
Foreign and Indian currencies and gold and diamond jewellery worth about Rs 25 crore apart from “incriminating” documents were seized after raids on Hero MotoCorp executive chairperson Pawan Kant Munjal and some others, the Enforcement Directorate said on Wednesday, PTI reported. The federal agency raided the residence and offices of the 69-year-old billionaire businessman, the… Continue reading ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp’s Munjal, some others: PTI
Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent
Hyundai Motor Group today announced a strategic investment in Tenstorrent, an artificial intelligence (AI) semiconductor company based in Toronto, Canada, which will allow the Group to integrate AI into future Hyundai, Kia and Genesis vehicles, and other future mobilities, including robotics and advanced air mobility (AAM). Hyundai Motor Company and Kia Corporation will invest US$… Continue reading Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent