Ligier has converted its JS2 race car to use a hydrogen-combustion powertrain as part of a tie-up with Bosch to prove the technology’s place in the future of motorsport. Called the JS2 RH2, it has been unveiled at the Le Mans 24 Hours, which this year celebrates its 100th anniversary. Based on the standard Ligier… Continue reading Ligier and Bosch unveil 563bhp hydrogen-combustion race car
Category: US Motoring Press
Aston Martin axes mid-engined Ferrari 296 GTB rival
Aston Martin has halted the development of a mainstream mid-engined supercar rivalling the Ferrari 296 GTB to instead focus on limited-run halo models such as the Valkyrie and Valhalla. The marque signalled its intent to compete with the 296 GTB, the McLaren Artura and Lamborghini Huracán with the Vanquish Vision concept in 2019. However, speaking to Autocar… Continue reading Aston Martin axes mid-engined Ferrari 296 GTB rival
FAME2 effect: SMEV writes to Finance Minister proposing creation of Rs 3,000 crore rehabilitation fund for EV OEMs
The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) has today written to the Minister of Finance, Government of India, proposing the creation of a Rs 3000 crore Rehabilitation Fund to revive and sustain operations of OEMs which have been affected by the recent FAME subsidy blocks. SMEV has… Continue reading FAME2 effect: SMEV writes to Finance Minister proposing creation of Rs 3,000 crore rehabilitation fund for EV OEMs
RBI keeps repo rate unchanged at 6.5%, move welcomed by FADA
The Reserve Bank of India in its second bi-monthly monetary policy meeting of FY24, decided to leave the repo rate unchanged at 6.5%. It also maintained the gross domestic product growth forecast at 6.5%. The repo rate is the rate at which the RBI lends to banks. Manish Raj Singhania, President of the Automobile Dealers… Continue reading RBI keeps repo rate unchanged at 6.5%, move welcomed by FADA
Tata Technologies inaugurates 22 industry technology centres in Tamil Nadu
Tata Technologies, an engineering and product development services firm, has inaugurated 22 modern industry 4.0 technology centres. The Chief Minister of Tamil Nadu MK Stalin inaugurated the Industry 4.0 Technology Centres at an event held in Oragadam, Chennai. The inauguration ceremony was attended by N. Chandrasekaran, Chairman, TATA Sons, Warren Harris, CEO and MD, Tata… Continue reading Tata Technologies inaugurates 22 industry technology centres in Tamil Nadu
Lucid preparing to enter China: Report
US luxury carmaker Lucid is working towards entering the world’s biggest auto market, China, Zhu Jiang who helms the China operations said, as per media reports. Lucid will sell imported cars in the country while contemplating producing locally in China as well, Reuters reported, citing an unnamed source. Zhu confirmed to the newswire that the company… Continue reading Lucid preparing to enter China: Report
Autoliv aims to slash nearly 8,000 jobs, shut down sites : Report
Autoliv, the world’s largest seatbelt and airbag maker aims to slash nearly 8,000 jobs, joining the increasing number of firms looking at saving costs amid high inflation. Media reports say that the Swedish company is looking to cut 6,000 direct and 2,000 indirect positions. The cuts will translate into shutting down of various of its… Continue reading Autoliv aims to slash nearly 8,000 jobs, shut down sites : Report
BMW launches new M2 at Rs 98 lakh
BMW has launched the second-gen M2 in India with prices starting from Rs 98 lakh, ex-showroom. The two-door sports coupe is offered in a single variant with an automatic gearbox as standard, but a manual gearbox is part of an extensive options list. The new BMW M2 is being brought to India via the CBU route and will… Continue reading BMW launches new M2 at Rs 98 lakh
Charge+Zone aims to raise US$ 125 million in Series A2 by year end
Charge+Zone, the Gujarat-based EV charging company, aims to raise US$ 125 million in Series A2 by the end of this calendar year. The company had raised US$ 54 million in Series A1, led by BlueOrchard. It has also completed the first phase of installing 1,600 plus EV charging stations across 450+ locations, covering more than… Continue reading Charge+Zone aims to raise US$ 125 million in Series A2 by year end
Charge+Zone aims to raise US$ 125 million in Series A2 by year end
Charge+Zone, the Gujarat-based EV charging company, aims to raise US$ 125 million in Series A2 by the end of this calendar year. The company had raised US$ 54 million in Series A1, led by BlueOrchard. It has also completed the first phase of installing 1,600 plus EV charging stations across 450+ locations, covering more than… Continue reading Charge+Zone aims to raise US$ 125 million in Series A2 by year end