ICRA pegs domestic tyre demand growth at 6-8% for FY24, supported by stable growth in replacement segment Credit rating agency ICRA pegs domestic tyre demand growth at 6-8% for FY24, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment. It also expects the demand momentum in the OEM… Continue reading ICRA pegs domestic tyre demand growth at 6-8% for FY24, supported by stable growth in replacement segment
Category: US Motoring Press
Autoliv to set up airbag cushion plant in Vietnam
Autoliv, the worldwide leader in automotive safety systems, has announced its plan to build a new state-of-the-art airbag cushion and fabric plant in Vietnam, serving Asia. The investment in the new textile facility is in response to customer demands and is intended to meet expanded future airbag production needs for the growing Asia market. The… Continue reading Autoliv to set up airbag cushion plant in Vietnam
Lexus uses intelligent navigation tech to improve fuel and emissions efficiency
Luxury carmaker Lexus has announced development and introduction of ‘Predictive Efficient Drive’, a new technology that helps improve the performance of its hybrid electric and plug-in hybrid electric systems, reducing fuel consumption and exhaust emissions. The system analyses driving habits and real-time traffic information to maximise energy recovery and electrified driving. With the help of… Continue reading Lexus uses intelligent navigation tech to improve fuel and emissions efficiency
Lexus uses intelligent navigation tech to improve fuel and emissions efficiency
Luxury carmaker Lexus has announced development and introduction of ‘Predictive Efficient Drive’, a new technology that helps improve the performance of its hybrid electric and plug-in hybrid electric systems, reducing fuel consumption and exhaust emissions. The system analyses driving habits and real-time traffic information to maximise energy recovery and electrified driving. With the help of… Continue reading Lexus uses intelligent navigation tech to improve fuel and emissions efficiency
KPIT Technologies expects to grow by 27–30% in FY24 on back of robust business visibility for next 3-5 years
KPIT Technologies expects to grow by 27–30% in FY24 on back of robust business visibility for next 3-5 years KPIT Technologies, a software-driven solutions provider for car and truck manufacturers, reported revenue of US$418 million (Rs 3447.246 crore) during FY23, a 27.4% increase from the previous year. The company expects revenue growth to be between… Continue reading KPIT Technologies expects to grow by 27–30% in FY24 on back of robust business visibility for next 3-5 years
Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group has announced its plan to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint… Continue reading Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group has announced its plan to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint… Continue reading Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group has announced its plan to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint… Continue reading Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Infineon-Schweitzer develop chip embedding solution to increase EV range, cut system cost
Infineon-Schweitzer develop chip embedding solution to increase EV range, cut system cost Semiconductor major Infineon Technologies and Schweizer Electronic AG have collaborated to increase the efficiency of silicon carbide (SiC)-based chips. The two companies are developing a chip-embedding solution that embeds Infineon’s 1200V CoolSiC chips directly into the PCB, which will increase the driving range… Continue reading Infineon-Schweitzer develop chip embedding solution to increase EV range, cut system cost
Kia global sales rise 12% to 768,251 units in Q1 2023, India share 10%
Kia Corporation has announced global sales of 768,251 units in the 2023 first-quarter (January-March 2023), up 12% year on year (Q1 2022: 685,738 units). Quarterly revenue was KRW 23.69 trillion with an operating profit of KRW 2.87 trillion, an increase of 29.1% and 78.9% respectively. Kia also recorded a net profit of KRW 2.12 trillion,… Continue reading Kia global sales rise 12% to 768,251 units in Q1 2023, India share 10%