Continental has sold its plant in Kaluga, Russia, to Russian company S8 Capital. With this step, Continental has divested the majority of its activities in Russia as part of its announced controlled withdrawal from the Russian market – a decision taken by the technology company in response to the Russia Ukraine conflict. The transaction has been… Continue reading Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital
Category: US Motoring Press
Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects
Tata Motors Finance has launched its first dedicated IT Infrastructure Development Centre in Pune, to leverage the city’s ttechnology ecosystem and establish a centralised tech solution hub for Tata Motors Finance’s digital transformation initiatives. The centre was inaugurated by Samrat Gupta, MD and CEO of Tata Motors Finance, along with Neeloy Majumder, Chief Digital and… Continue reading Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects
Ashok Leyland Q4 PAT down 17% at Rs 751 crore
Ashok Leyland, Indian flagship of the Hinduja Group, reported a 17% decline in its profit after tax (PAT) at Rs 751 crore for the fourth quarter ended March, 2023. The company had posted a PAT of Rs 901 crore in the same quarter year ago. Meanwhile, the company’s revenue for Q4 grew 33% at Rs 11,626… Continue reading Ashok Leyland Q4 PAT down 17% at Rs 751 crore
Simple Energy to invest over US$ 100 million in its EV business
Simple Energy, India’s electric vehicle and clean energy start-up, is looking to invest over US$ 100 million in its electric vehicle business. The company will also be looking at electric cars as a form factor, making it the second company after Ola to do so. The company today officially launched its maiden electric 2-wheeler, the… Continue reading Simple Energy to invest over US$ 100 million in its EV business
Simple Energy to invest over US$ 100 million in its EV business
Simple Energy, India’s electric vehicle and clean energy start-up, is looking to invest over US$ 100 million in its electric vehicle business. The company will also be looking at electric cars as a form factor, making it the second company after Ola to do so. The company today officially launched its maiden electric 2-wheeler, the… Continue reading Simple Energy to invest over US$ 100 million in its EV business
ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director
ALD Automotive, a global automotive leasing and fleet management company has acquired 100% of LeasePlan from a consortium led by TDR Capital. This acquisition positions the combined group as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide. Suvajit Karmakar, Country Managing Director & Asia Sub-regional Director, ALD Automotive… Continue reading ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director
ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director
ALD Automotive, a global automotive leasing and fleet management company has acquired 100% of LeasePlan from a consortium led by TDR Capital. This acquisition positions the combined group as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide. Suvajit Karmakar, Country Managing Director & Asia Sub-regional Director, ALD Automotive… Continue reading ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director
Tata Motors to deliver 50 Magna 13.5-metre buses to Vijayanand Travels
Tata Motors has bagged an order for 50 Magna 13.5-metre buses from Vijayanand Travels. The fully built BS6 diesel Magna buses will be delivered to Vijayanand Travels in a phased manner, in accordance with the agreed contract terms. Shiva Sankeshwar, Managing Director, Vijayanand Travels said, “These buses align perfectly with our vision of offering a comfortable… Continue reading Tata Motors to deliver 50 Magna 13.5-metre buses to Vijayanand Travels
Euro 7’s direct costs 4 to 10 times higher than EU estimates: new study
The Euro 7 proposal on pollutant emissions would lead to direct cost increases that are 4 to 10 times higher than those cited by the European Commission, according to a new study. The proposed Euro 7 regulation will increase the manufacturing costs of cars, vans, trucks, and buses. A study by Frontier Economics, ‘Regulatory costs of… Continue reading Euro 7’s direct costs 4 to 10 times higher than EU estimates: new study
Jeep targets UK growth as boss admits firm “screwed up twice”
Jeep is looking to turn around its fortunes in the UK – a market that “we screwed up twice”, boss Christian Meunier has admitted to Autocar – with a significant push into electrification. The American company has identified EVs, including the warmly received Jeep Avenger, as the key to making significant inroads in Britain – where… Continue reading Jeep targets UK growth as boss admits firm “screwed up twice”