At launch, only the range-topping Ultra trim level will be offered, which includes the lidar, a driver monitoring system, a panoramic glass roof and a 25-speaker Bowers & Wilkins audio system featuring Dolby Atmos. The interior is finished in Nordico upholstery, a textile made from recycled materials including PET bottles and corks. There’s also four-zone climate… Continue reading New Volvo EX90 will enter production this year
Category: US Motoring Press
Volvo subscriptions ‘here to stay’ after huge uptick
Volvo held 49% more active car subscriptions in 2022 than in 2021, thanks to customer demand for the new ownership model, CEO Jim Rowan has said. It had roughly 25,100 subscription cars on the road during the fourth quarter of 2022, a significant increase on the 16,900 during the same period in 2021 and 5500 at… Continue reading Volvo subscriptions ‘here to stay’ after huge uptick
Volvo boss says dealers ‘flawed’ ahead of shift to agency
The traditional car sales model is “flawed”, Volvo CEO Jim Rowan has said ahead of the brand’s switch to agency sales in the UK. Speaking on a call with journalists after the company released its full-year financial results, Rowan expressed his surprise that “a $40,000-$60,000 product” could be sold without its maker ever engaging with the… Continue reading Volvo boss says dealers ‘flawed’ ahead of shift to agency
‘India a strategic base to build exports to Middle East and South Asia for Skoda’: MD Piyush Arora
‘India a strategic base to build exports to Middle East and South Asia for Skoda’: MD Piyush Arora Having laid a decent foundation for the India 2.0 project, the third largest market in the world will take on more significance for Skoda Auto Volkswagen India, going forward. The Czech brand wants to make India a… Continue reading ‘India a strategic base to build exports to Middle East and South Asia for Skoda’: MD Piyush Arora
Uno Minda to acquire complete stake in Minda Kosei Aluminium Wheels
The Gurgaon-based Uno Minda Group has announced to invest Rs 115.5 crore to acquire complete stake in its JV firm – Minda Kosei Aluminium Wheels – by taking hold of the remaining 22.64 percent share from Japanese partner Kosei. The Tier-1 major will complete the transaction by end-March 2023 to make the alloy-wheel manufacturing company… Continue reading Uno Minda to acquire complete stake in Minda Kosei Aluminium Wheels
Greaves Cotton to purchase Excel Controlinkage for Rs 385 crore
Greaves Cotton, a multifaceted engineering business, on Thursday announced a four-tranche deal to pay Rs 385 crore to acquire Excel Controlinkage’s full stake in the motion-control systems company. Greaves Cotton will acquire 60% of Excel Controlinkage in the first tranche, which is expected to be completed in FY26, and 100% of the company in the… Continue reading Greaves Cotton to purchase Excel Controlinkage for Rs 385 crore
Metzeler to be official tyre supplier for FIM Supermoto World and European Championship
Metzeler to be official tyre supplier for FIM Supermoto World and European Championship The Metzeler tyre brand has been selected as the official tyre supplier for the FIM Supermoto World and European Championship and for the FIM Supermoto of Nations. XIEM, the company that manages the television, marketing and promotional rights of these competitions, has chosen the German… Continue reading Metzeler to be official tyre supplier for FIM Supermoto World and European Championship
Apollo Tyres develops concept tyre with 75% sustainable materials
Apollo Tyres has announced development of a concept agricultural tyre which uses 75% sustainable materials. This is aligned with Apollo Tyres’ sustainability roadmap of increasing the usage of sustainable raw material to 40% by 2030. The concept agriculture tyre’s high sustainability comes from nine compounding ingredients in different components. This includes recycled rubber, sustainable carbon… Continue reading Apollo Tyres develops concept tyre with 75% sustainable materials
MRF CMD K M Mammen gets Lifetime Achievement Award from top tyre association
Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India, presented the ATMA Lifetime Achievement Award to K M Mammen, Chairman and Managing Director of MRF and Past Chairman, ATMA at the Automotive Tyre Manufacturers’ Association (ATMA) Annual Conclave 2023 in the city, today. ATMA has conferred the Lifetime Achievement Award upon K M Mammen in… Continue reading MRF CMD K M Mammen gets Lifetime Achievement Award from top tyre association
Updated Ola S1, S1 Air priced at Rs 84,999
Ola Electric has announced new additional variants to both the S1 and S1 Air electric scooter range. The Ola S1 sits above the S1 Air in the company’s product pyramid and we shall begin by explaining the new S1 range. New Ola S1 range explainedAt the announcement, Ola Electric’s CEO Bhavish Aggarwal said the company… Continue reading Updated Ola S1, S1 Air priced at Rs 84,999