On the back of a record FY23 performance, Tata Motors, India’s largest automobile company by revenues, plans to revise its capex upwards by 25% to Rs 38,000 crore in FY24, with improved chip supplies and expected sustenance in demand for both JLR and standalone business. The company plans to invest in products, platforms, and debottlenecking… Continue reading Tata Motors increases capex by 25% to Rs 38,000 crore in FY24, hopes for market outperformance
Category: US Motoring Press
Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China
Volvo Trucks and Jiangling Motors Co. will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co. and its manufacturing site in Taiyuan, Shanxi province, China. The two parties will not pursue the transaction due to that the conditions for closing the transaction were not met. Volvo Trucks will continue… Continue reading Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China
TVS Motors delivers 100 iQubes in Chennai
TVS Motor Company commits to deliver 1,000 iQubes across 10 cities in ten days. The company handed over 100 TVS iQube scooters to its customers in Chennai today, kickstarting the 10-day, 10 cities, 1,000 electric scooters mega delivery marathon. TVS iQube recorded a sales milestone of 1,00,000 units for its range of scooters, since its… Continue reading TVS Motors delivers 100 iQubes in Chennai
Hero MotoCorp partners with Motosport as its exclusive distributor in Costa Rica
Hero MotoCorp, a manufacturer of motorcycles and scooters, has partnered with Motosport as its exclusive distributor in Costa Rica – a key market in Central America. Established in 2002, Motorsport SA has more than two decades of expertise in the motorcycle industry, with a sales, service, and parts network spanning the entire country. The phase-wise… Continue reading Hero MotoCorp partners with Motosport as its exclusive distributor in Costa Rica
India to get 3 ports for green hydrogen storage by 2030
In an effort to align blue and green economies, the Ministry of Ports, Shipping, and Waterways (MoPSW) plans to accelerate the National Green Hydrogen Mission by providing logistical support for building hydrogen storage bunkers at three Indian ports in east, north, and south India by 2030, which will be scaled up to 12 Indian ports… Continue reading India to get 3 ports for green hydrogen storage by 2030
Castrol adds range of premium Auto Care products to its portfolio
The new range of products include, Castrol Chain Cleaner, Castrol Chain Lube, Castrol 3-in- 1 Shiner, Castrol 1-Step Polishing Compound, and Castrol Anti-Rust Lubricant Spray. Automotive and industrial lubricant manufacturing company Castrol today announced the expansion of its portfolio into the Auto Care segment. The new range of products include, Castrol Chain Cleaner, Castrol Chain Lube, Castrol… Continue reading Castrol adds range of premium Auto Care products to its portfolio
Tata Motors rolls out 200,000th Punch 20 months after launch
Tata Motors today rolled out the 200,000th Punch compact SUV from its Pune plant. The 200,000-unit production milestone comes just 20 months after the carmaker launched the Punch in October 2021. The rapid pace of production is a result of accelerated demand for the youngest model in Tata Motors’ ‘New Forever’ range. From launch through… Continue reading Tata Motors rolls out 200,000th Punch 20 months after launch
5 e-commerce giants to stop selling seat belt alarm stopper clips: Central Consumer Protection Authority
The Central Consumer Protection Authority (CCPA) has issued orders against top five e-commerce platforms for selling car seat belt alarm stopper clips in regard to the violation of the Consumer Protection Act, 2019. According to the official statement, the clips compromise the life and safety of consumers by stopping the alarm beep when the seat… Continue reading 5 e-commerce giants to stop selling seat belt alarm stopper clips: Central Consumer Protection Authority
5 e-commerce giants to stop selling seat belt alarm stopper clips: Central Consumer Protection Authority
The Central Consumer Protection Authority (CCPA) has issued orders against top five e-commerce platforms for selling car seat belt alarm stopper clips in regard to the violation of the Consumer Protection Act, 2019. According to the official statement, the clips compromise the life and safety of consumers by stopping the alarm beep when the seat… Continue reading 5 e-commerce giants to stop selling seat belt alarm stopper clips: Central Consumer Protection Authority
5 e-commerce giants to stop selling seat belt alarm stopper clips: Central Consumer Protection Authority
The Central Consumer Protection Authority (CCPA) has issued orders against top five e-commerce platforms for selling car seat belt alarm stopper clips in regard to the violation of the Consumer Protection Act, 2019. According to the official statement, the clips compromise the life and safety of consumers by stopping the alarm beep when the seat… Continue reading 5 e-commerce giants to stop selling seat belt alarm stopper clips: Central Consumer Protection Authority