EV smart battery manufacturer Neuron Energy has raised Rs 200 million in its pre-series A round. The investment was led by Equanimity Investments and the Rajiv Dadlani Group, besides participation from the Chona Family Office (Havmor Group), Kayenne Ventures, Family Offices, and HNI investors. The company plans to use the funds primarily to support key… Continue reading Neuron Energy secures Rs 200 million in pre-series A round funding
Category: US Motoring Press
Altigreen and LOHUM sign strategic partnership for sustainable disposal and low carbon recycling of EV batteries
Altigreen, a commercial cargo electric vehicles manufacturer, and LOHUM, a producer of sustainable energy transition materials, have entered into a strategic partnership aimed at addressing the critical challenge of sustainable battery disposal in the electric vehicle industry. Under this partnership, LOHUM will recycle end-of-life batteries from Altigreen electric vehicles via its NEETM technology, recovering 95%… Continue reading Altigreen and LOHUM sign strategic partnership for sustainable disposal and low carbon recycling of EV batteries
SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
Samvardhana Motherson (SAMIL), a demerged subsidiary of Motherson Sumi, entered into three new strategic acquisitions deals worth Rs 1,475 crore earlier this month. The Noida-based auto component major signed an agreement with Honda Motors to acquire an 81 percent stake in Yachiyo Industry’s component business for an equity consideration of Euro 145 million (Rs 1,300… Continue reading SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
Samvardhana Motherson (SAMIL), a demerged subsidiary of Motherson Sumi, entered into three new strategic acquisitions deals worth Rs 1,475 crore earlier this month. The Noida-based auto component major signed an agreement with Honda Motors to acquire an 81 percent stake in Yachiyo Industry’s component business for an equity consideration of Euro 145 million (Rs 1,300… Continue reading SAMIL signs three acquisition deals worth Rs 1,475 crore in a week
Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, has rolled out its 5 millionth Access 125 from its Kherki Dhaula plant situated in Gurugram, Haryana. Access 125 was the first scooter in the 125 cc segment at the time of its launch in 2007. Commenting on the occasion, Kenichi Umeda, Managing Director, Suzuki… Continue reading Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, has rolled out its 5 millionth Access 125 from its Kherki Dhaula plant situated in Gurugram, Haryana. Access 125 was the first scooter in the 125 cc segment at the time of its launch in 2007. Commenting on the occasion, Kenichi Umeda, Managing Director, Suzuki… Continue reading Suzuki Motorcycle India rolls out the 5 millionth Access 125 from its Gurugram plant
SUVs and MPVs to cost more by 2% following the GST cess increase
The GST council met for its 50th meeting on Tuesday and decided to bring all Utility Vehicles (UVs) under the 22 percent cess bracket, an increase of 2 percent, doing away with the differential rate of compensation cess. The decision means that Sport Utility Vehicles (SUVs) and Multi Utility Vehicles (MUVs) will fall under the… Continue reading SUVs and MPVs to cost more by 2% following the GST cess increase
Electric Ford Fiesta on Volkswagen platform remains possible
Ford has not ruled out using the VW Group’s new MEB Entry platform for a reborn electric Fiesta – but such a car is not an immediate priority. The Ford Fiesta bowed out of production last week after 47 years and seven generations, to make way for the new electric Ford Explorer SUV – based on… Continue reading Electric Ford Fiesta on Volkswagen platform remains possible
Renault Arkana goes upmarket with new Esprit Alpine trim
The Renault Arkana has been updated in line with the French brand’s move upmarket, bringing sharper looks and a new range-topping trim inspired by the Alpine performance brand. A subtle restyle introduces Renault’s new ‘Nouvel’R’ brand identity – in which the trademark rhombus logo is divided into distinct geometric lines – finished in black, satin… Continue reading Renault Arkana goes upmarket with new Esprit Alpine trim
Vauxhall shows first images of next Experimental concept
Vauxhall sibling brand Opel has confirmed that it will show its next concept car, named simply the Experimental, at the Munich motor show on 10 September. Created at the firm’s design centre in Rüsselheim, Germany, it will preview the next evolution of the brand’s design identity and uses a streamlined iteration of the brand’s characteristic ‘Vizor’ front… Continue reading Vauxhall shows first images of next Experimental concept