Automotive and industrial parts maker Schaeffler India, part of the Euro 16 million Germany-based Schaeffler Group, has received a Rs 2700 (Euro 300 million) order for its two-in-one electric axles as the supplier transitions to electrification from internal combustion. The order, from an unnamed Indian automaker, is the company’s first system-level solution offering in the… Continue reading Schaeffler India lands over Rs 2,700 crore electric axle order
Category: US Motoring Press
TVS Raider 125 races past 300,000 sales in 19 months
Like the NTorq, TVS Motor Co’s vehicle of entry into the 125cc scooter market, the Raider 125, the Chennai-based OEM’s first product in the 125cc commuter motorcycle market, is turning out to be a growth driver for the company. Launched on September 16, 2021, the Raider has, in a span of 19 months, sold a… Continue reading TVS Raider 125 races past 300,000 sales in 19 months
Skoda plans India’s safest small SUV and EV
Having raised the safety bar with its Kushaq midsize SUV and Slavia sedan passing muster as the safest vehicles on Indian roads, Skoda Auto now plans to bring in India’s safest small SUV and also an EV in the future as part of its vision to expand market share. The European car major claims that… Continue reading Skoda plans India’s safest small SUV and EV
Skoda plans India’s safest small SUV and EV
Having raised the safety bar with its Kushaq midsize SUV and Slavia sedan passing muster as the safest vehicles on Indian roads, Skoda Auto now plans to bring in India’s safest small SUV and also an EV in the future as part of its vision to expand market share. The European car major claims that… Continue reading Skoda plans India’s safest small SUV and EV
Under the skin: How EVs can still make use of solar panels
A quick comparison on how much energy an electric car needs with how much a commercial solar panel harvests quickly dispels any notion of realistically powering EVs using them. That’s not to say the idea hasn’t been tried, though. In fact, the idea goes all the way back to 1955 and General Motors’ Sunmobile. But… Continue reading Under the skin: How EVs can still make use of solar panels
Top 10 best medium panel vans 2023
As the name suggests, the best medium-sized panel vans offer more space than smaller compact vans, but without the sheer bulk of a full-sized large panel van. This combination makes them easy to drive while still being able to carry a large amount of cargo. Most medium vans offer a payload area which can carry… Continue reading Top 10 best medium panel vans 2023
TI Clean Mobility to raise Rs 600 crore from investors
TI Clean Mobility (TICMPL), a subsidiary of Tube Investments of India (TII), has signed definitive agreements to raise further capital of Rs 675 crore by way of Compulsory Convertible Preference Shares (CCPS). Multiples along with other co-investors will be investing an aggregate amount of Rs 600 crore, while TII will be investing Rs 75 crore. It… Continue reading TI Clean Mobility to raise Rs 600 crore from investors
2024 Ford Mustang quality review leads to plant down time prior to launch, UAW layoffs
Ford Motor Co. has cut work shifts of UAW members at the Flat Rock Assembly Plant while in the process of launching the all-new classic 2024 Mustang, the Detroit Free Press has learned. The automaker cut production shifts the week of April 24, the plant was down the week of May 1, and the plant… Continue reading 2024 Ford Mustang quality review leads to plant down time prior to launch, UAW layoffs
How the $8 billion parking industry is evolving to stay alive
As the automobile took over America, so did parking lots and parking garages. There are between 700 million and 2 billion parking spaces in America — or put another way, between 2.5 to seven spots for every registered vehicle. About 10% of that inventory is paid parking. And for decades, it was a pretty stable… Continue reading How the $8 billion parking industry is evolving to stay alive
Carvana soars most since 2020 on narrower-than-expected loss
Carvana’s shares surged the most since the start of the pandemic after the debt-ridden automobile retailer topped Wall Street’s earnings estimates and predicted a return to an adjusted pretax profit this quarter. Adjusted earnings before interest, taxes, depreciation and amortization will be positive in the second quarter following a “strong start to the year,” according… Continue reading Carvana soars most since 2020 on narrower-than-expected loss