French manufacturer Renault is working on a sub-£20,000 EV in a bid to make electric car ownership more mainstream and affordable in Europe. The proposed EV, which will go up against the 2027-bound Volkswagen ID 1 when they both hit production at around the same time, was revealed by Renault Group boss Luca de Meo at the… Continue reading Renault working on sub-£20,000 EV to rival VW ID 1
Category: US Motoring Press
Hyundai i20 gets aggressive new look and tech upgrades
Hyundai has revealed a facelifted i20 hatchback, which it hopes can revive declining sales for the Ford Fiesta rival. With a subtle redesign, new interior technology and occupant safety systems as standard, the new Hyundai i20 will arrive in the third quarter of this year to build on last year’s 59,914 sales – a 5% decrease… Continue reading Hyundai i20 gets aggressive new look and tech upgrades
Polestar boss favours character over range for electric cars
Polestar CEO Thomas Ingenlath says he would trade away some of an electric car’s efficiency and range to ensure it has a unique visual identity. In a keynote speech at the Financial Times Future of the Car Conference in London, he asked: “Do we all have to be the weltmeister [champion] of efficiency? Do we all have… Continue reading Polestar boss favours character over range for electric cars
Pricol reports 75.3% jump in net profit at Rs 29.80 crore
Automotive component and technology supplier Pricol reported a 75.3% jump in its consolidated net profit at Rs 29.80 crore for Q4FY23. The company had posted a net profit of Rs 17 crore in the year-ago period. The company’s revenues from operations stood at Rs 509.69, a jump of 23.8% versus revenues of Rs 415.80 crore, in… Continue reading Pricol reports 75.3% jump in net profit at Rs 29.80 crore
MAHLE and Midtronics announce partnership for electric vehicle workshop service
MAHLE and Midtronics have agreed to jointly develop service equipment for battery electric vehicles. Both companies have signed a Mou (Memorandum of Undertaking) to this effect. Midtronics is a battery management equipment and services provider, and MAHLE is a development partner and supplier to the automotive industry with customers in both passenger car and commercial… Continue reading MAHLE and Midtronics announce partnership for electric vehicle workshop service
Rise and shine
From entering one of the largest two-wheeler markets in the world through a joint venture to gaining a strong foothold there on its own, even after breaking away from its partner of 26 years, Honda Motorcycle & Scooter India (HMSI) has come a long way and is now indeed more competitive domestically as a standalone… Continue reading Rise and shine
Satyen Sail joins as Mobility Business Head at Magenta Mobility
Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. He has also been an entrepreneur and a… Continue reading Satyen Sail joins as Mobility Business Head at Magenta Mobility
Escorts Kubota Q4 profit up 14% at Rs 216.5 crore
Tractor and construction machinery major Escorts Kubota on Wednesday reported a 14% growth in its consolidated net profit at Rs 216.5 crore for the quarter ended March 2023, as against a profit of Rs 190 crore in the corresponding quarter of the previous year. Meanwhile, the company’s consolidated revenue from operations grew 17.4% at Rs 2,214.5… Continue reading Escorts Kubota Q4 profit up 14% at Rs 216.5 crore
Six popular SUVs to get facelifts in the next nine months
In the coming months, there are comprehensive facelifts lined up for some of India’s most popular compact and midsize SUVs. This includes the likes of the Tata Nexon, Harrier and Safari, the Kia Seltos and Sonet, and even the Hyundai Creta. While some of these SUVs will see major cosmetic or feature upgrades, some are… Continue reading Six popular SUVs to get facelifts in the next nine months
MG Motor plans to Indianise the company, divest majority stake to Indian partners and raise over Rs 5,000 crore
MG Motor India, the British brand owned by China’s largest car maker Shanghai Automotive plans to divest a majority stake in its operation and it is in talks with potential Indian partners. The deal for the same will be announced in 2023. Eventually, the company is open to listing on stock exchanges as well. The… Continue reading MG Motor plans to Indianise the company, divest majority stake to Indian partners and raise over Rs 5,000 crore