Ampere Vehicles, the e-mobility arm of Greaves Cotton and among the leading players in the e-two-wheeler and e-three-wheeler market has expanded its play in the last-mile mobility ecosystem in India. The company has acquired a strategic stake in L5 e-three-wheeler manufacturer, MLR Auto. Ampere will initially acquire a 26% stake in MLR through primary subscription, subject to completion… Continue reading Ampere Electric acquires 26% stake in last-mile e-wheeler OEM MLR Auto
Category: US Motoring Press
Tata Motors partners Gujarat to set up vehicle scrapping unit in Ahmedabad
L-R: Manoj Kumar Das, IAS, Additional Chief Secretary – Port and Transport Dept, Gujarat government and Sushant Naik, Global Head – Government & Public Affairs, Tata Motors at the MoU signing. Tata Motors has entered into a Memorandum of Understanding (MoU), as a part of the Investment Promotion Activity, with the government of Gujarat, through… Continue reading Tata Motors partners Gujarat to set up vehicle scrapping unit in Ahmedabad
Vehicle Scrappage Policy expected to bring in Rs 10,000 crore investment
The Vehicle Scrappage Policy was launched by Prime Minister, Narendra Modi at the Investor Summit in Gujarat and is expected to bring in investments of close to Rs 10,000 crore and generate 35,000 job opportunities. In a series of tweets, the Prime Minister said the launch, “opens a new range of possibilities. I would request… Continue reading Vehicle Scrappage Policy expected to bring in Rs 10,000 crore investment
Zypp Electric expands last-mile delivery services in Bangalore and Pune
Gurgaon-based electric vehicle start-up in the last-mile delivery segment Zypp Electric has expanded its services to Bangalore and Pune. The company has inducted a fleet of 200 e-scooters for the two cities. With this expansion the startup is now operating in 9 cities across India – New Delhi, Noida, Ghaziabad, Jaipur, Gurgaon, Faridabad, Hyderabad, Bangalore… Continue reading Zypp Electric expands last-mile delivery services in Bangalore and Pune
Hero MotoCorp’s net profit in Q1 up five-fold to Rs 365 crore
Hero MotoCorp, the world’s largest manufacturer of motorcycle and scooters, has reported net profit of Rs 365 for Q1 FY2022 (April-June 2021). This constitutes 498% year-on-increase, albeit the year-ago situation was one badly impacted by the beginning of the pandemic. Riding on sales of 10.25 lakh units of motorcycles and scooters during the quarter despite Covid-19 related disruptions, … Continue reading Hero MotoCorp’s net profit in Q1 up five-fold to Rs 365 crore
GM holds onto its stake in troubled startup Lordstown Motors
This content is only available to subscribers. $1 for 6 Months. Save 98%. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Public service journalism that makes our communities better. Investigative reporting that looks out for… Continue reading GM holds onto its stake in troubled startup Lordstown Motors
Lordstown Motors affirms plan to start production in September
Lordstown Motors Corp., the embattled electric vehicle startup, said Wednesday it was holding to its plan to start limited production of its debut electric pickup in September, even as costs mount for tools, research and development. The company said its battery line is now fully commissioned and its plant is production-ready. Lordstown, which has previously… Continue reading Lordstown Motors affirms plan to start production in September
Tesla’s Musk calls out 2 chip suppliers for “problematic” limitations
This content is only available to subscribers. $1 for 6 Months. Save 98%. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you… Continue reading Tesla’s Musk calls out 2 chip suppliers for “problematic” limitations
Bronco bug: Ford will replace all hardtop roofs to fix quality issues
Ford said Thursday it will replace hardtop roofs on all Bronco SUVs due to quality issues. In a letter to customers, the Dearborn-based company said the so-called “molded-in color hard tops” on both two and four-door Broncos have been identified with a quality issue that does not impact performance, but creates an “unsatisfactory appearance when exposed to extreme water… Continue reading Bronco bug: Ford will replace all hardtop roofs to fix quality issues
GM truck production back on next week after chip downtime
Detroit — General Motors Co. will resume full-size truck production at all three of its pickup plants after taking a week off for the global chip shortage, the automaker confirmed Thursday. The affected plants: Flint Assembly, where heavy-duty Chevrolet Silverado and GMC Sierra pickups are built, Silao Assembly in Mexico and Fort Wayne Assembly in Indiana, where… Continue reading GM truck production back on next week after chip downtime