Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Category: US Motoring Press
Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Skoda to bring Superb back with BS6-compliant engine
Since the phasing out of the Octavia and Superb due to the implementation of the BS6 Phase 2 norms, Skoda India has confirmed that the Superb will make a comeback with an updated engine. The brand is currently running its nationwide safety campaign dubbed “Safer with Skoda”, which is a demonstration of the safety and engineering that goes into Skoda cars,… Continue reading Skoda to bring Superb back with BS6-compliant engine
Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump
Bosch, a provider of automotive technology and services, reported a net profit of Rs 398.9 crore in Q4FY23, translating to a 13.8% growth compared to a net profit of Rs 350.5 crore in Q4FY22. The corresponding operative revenues increased to Rs 4,063 crore during Q4FY23, a jump of 22.7% compared to Rs 3311 crore during… Continue reading Bosch reports 13.8% net profit in Q4FY23, mobility business witnesses 23.7% jump
CV industry volumes to grow 7-10% in FY24 : ICRA
Driven by replacement demand, pick-up in mining, infrastructure, and construction activities, and overall healthy fleet utilisation levels, the domestic commercial vehicle industry is expected to grow by 7–10 percent in the ongoing fiscal year, as per an ICRA report. This is despite the 5 percent year-on-year and 41 percent sequential contraction in volumes in April… Continue reading CV industry volumes to grow 7-10% in FY24 : ICRA
New MG Cyberster takes the marque back to the good old days
At last, MG feels respectable again. All these years, it has seemed quite wrong to me for MG to be making handy hatchbacks and dog-toting estates – however decent – without having an honest-to-God sports car in its repertoire. The marque’s famous founder, Cecil Kimber, must have been rotating in his grave at 6000rpm since… Continue reading New MG Cyberster takes the marque back to the good old days
Official: 2024 MG Cyberster rivals BMW Z4 for £55,000
MG design director Carl Gotham, leader of the brand’s 20-strong advanced design group based in London’s Marylebone, acknowledges the size growth but believes the car wears it well, “creating a completely new kind of roadster ready for a new generation of sports car drivers”. He cites the Cyberster’s main aim as being to lead the design… Continue reading Official: 2024 MG Cyberster rivals BMW Z4 for £55,000
How SAIC took MG from the brink of bankruptcy to a global giant
As the automotive industry in China began to blossom about two decades ago, domestic manufacturers looking to export needed marketable names. The quickest way to do this was to acquire an established brand and polish it for a new life. Brands like Geely’s Volvo have worked while names like Borgward have languished. And then there… Continue reading How SAIC took MG from the brink of bankruptcy to a global giant
Luvly 0 is £8800 Swedish flat-pack EV to rival Citroën Ami
New Swedish start-up Luvly is aiming to use an Ikea-style flat-pack construction concept to revolutionise the light electric vehicle market. Headed by car industry veteran Håkan Lutz, the firm is developing a Citroën Ami-rivalling quadricycle, with the aim of manufacturing it using a sandwich composite chassis. That makes it cheaper to make than a traditional… Continue reading Luvly 0 is £8800 Swedish flat-pack EV to rival Citroën Ami
Webasto opens second sunroof plant in India, to increase capacity to 950,000 by 2027
The soaring demand for sunroof-equipped cars and SUVs in India, which is one of the fastest-growing global markets for this product category, is seeing global majors like Webasto expand their manufacturing capacity in the country. Less than a year after Webasto built a larger local production site for roof systems at its Pune facility, the… Continue reading Webasto opens second sunroof plant in India, to increase capacity to 950,000 by 2027