Estate cars really are the unsung heroes of the motoring world. They combine prodigious practicality with streamlined style and hatchback-like handling to offer the ultimate family solution. And now, the MINI Clubman is taking estates to a whole new level. Offering six easy-access doors, more premium features as standard, a red-hot performance version and even… Continue reading MINI Clubman: how this family estate packs in even more
Category: US Motoring Press
Volkswagen ID 7 GTX to be revealed in September
The high-performance Volkswagen ID 7 GTX will be unveiled at the Munich motor show in September, the brand has confirmed. Volkswagen’s answer to the Tesla Model 3 Performance, the new four-wheel-drive range-topper is understood by Autocar to pair the base model’s 282bhp and 402lb ft rear motor with the ID 4 GTX’s 107bhp front motor… Continue reading Volkswagen ID 7 GTX to be revealed in September
Eicher Motors’ turnover scales US$ 4 billion in FY23, Company to invest Rs 1,000 crore in FY24
In a bid to cater to the growing demand for its Royal Enfield motorcycles and commercial vehicle business, Eicher Motors intends to invest over Rs 1,000 crore in FY24. The company will invest Rs 1,000 crore for Royal Enfield’s expansion of its portfolio and diversification of its electric vehicle business. Separately, the company’s commercial vehicle… Continue reading Eicher Motors’ turnover scales US$ 4 billion in FY23, Company to invest Rs 1,000 crore in FY24
Pricol reiterates use of legal and financial measures against Minda Corp’s “hostile takeover” attempt
Coimbatore-headquartered Pricol Ltd (Pricol) has reiterated its use of all possible legal and financial means to maintain control over the company and prevent what it believes is a ‘hostile takeover attempt’ by Minda Corporation. The Indian automotive industry was in for a surprise, with Minda Corporation’s recent decision to acquire a 15.7% stake worth Rs… Continue reading Pricol reiterates use of legal and financial measures against Minda Corp’s “hostile takeover” attempt
Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Skoda to bring Superb back with BS6-compliant engine
Since the phasing out of the Octavia and Superb due to the implementation of the BS6 Phase 2 norms, Skoda India has confirmed that the Superb will make a comeback with an updated engine. The brand is currently running its nationwide safety campaign dubbed “Safer with Skoda”, which is a demonstration of the safety and engineering that goes into Skoda cars,… Continue reading Skoda to bring Superb back with BS6-compliant engine
Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump
Bosch, a provider of automotive technology and services, reported a net profit of Rs 398.9 crore in Q4FY23, translating to a 13.8% growth compared to a net profit of Rs 350.5 crore in Q4FY22. The corresponding operative revenues increased to Rs 4,063 crore during Q4FY23, a jump of 22.7% compared to Rs 3311 crore during… Continue reading Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump
CV industry volumes to grow 7-10% in FY24 : ICRA
Driven by replacement demand, pick-up in mining, infrastructure, and construction activities, and overall healthy fleet utilisation levels, the domestic commercial vehicle industry is expected to grow by 7–10 percent in the ongoing fiscal year, as per an ICRA report. This is despite the 5 percent year-on-year and 41 percent sequential contraction in volumes in April… Continue reading CV industry volumes to grow 7-10% in FY24 : ICRA