The new Autocar Business Trends report is a quarterly analysis of the principal ways in which the automotive industry is changing. In this penultimate chapter we investigate the reasons behind an industry-wide shift to the agency sales model over the coming years, with insight into why major brands have announced the switch – and why others are not… Continue reading Autocar Business Trends 2022: Will agency sales be a hit?
Category: US Motoring Press
2023 Abarth 500 EV to get bespoke performance powertrain
Fiat is finalising an electric Abarth 500 ahead of its imminent reveal. It will be the brand’s first hot model since the Abarth 124 GT, launched in 2018. New images show a lower, wider variant of the electric 500 – also wearing a revised front bumper and a chunky rear spoiler – testing in the countryside. The… Continue reading 2023 Abarth 500 EV to get bespoke performance powertrain
Epsilon Advanced Materials Signs MoU with Karnataka Govt to invest Rs 9,000 crore
Epsilon Advanced Materials Signs MoU with Karnataka Govt to invest Rs 9,000 crore Epsilon Advanced Materials, a wholly owned subsidiary of Epsilon Carbon, signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 9,000 crore ($1.1 billion) to establish battery material manufacturing plants in the state, over a span of 10… Continue reading Epsilon Advanced Materials Signs MoU with Karnataka Govt to invest Rs 9,000 crore
Gogoro enters fleet segment in India with Zypp Electric; Open to partner with other OEMs
Gogoro enters fleet segment in India with Zypp Electric; Open to partner with other OEMs Taiwan-based global tech player in battery swapping, Gogoro, has entered India with its battery swapping pilot. This pilot will enable the last mile delivery fleets to electrify through Gogoro Network Battery Swapping. The company has announced a strategic partnership with… Continue reading Gogoro enters fleet segment in India with Zypp Electric; Open to partner with other OEMs
Weber Drivetrain opens EV parts plant at Chakan
Weber Drivetrain, a technology-driven start-up, has inaugurated its electric vehicle parts plant in Chakan MIDC, Pune, Maharashtra. The company has committed investment of Rs 35 crore in Phase 1 for the manufacturing facility, which will be highly automated and have a high-end configurated, fully automatic production line. The plant will produce fully indigenous BLDC hub… Continue reading Weber Drivetrain opens EV parts plant at Chakan
Weber Drivetrain opens EV parts plant at Chakan
Weber Drivetrain, a technology-driven start-up, has inaugurated its electric vehicle parts plant in Chakan MIDC, Pune, Maharashtra. The company has committed investment of Rs 35 crore in Phase 1 for the manufacturing facility, which will be highly automated and have a high-end configurated, fully automatic production line. The plant will produce fully indigenous BLDC hub… Continue reading Weber Drivetrain opens EV parts plant at Chakan
Bajaj Auto plans to invest Rs 750 crore in FY23 to ride on EV and premium push
Home-grown two and three-wheeler major Bajaj Auto will be investing Rs 750 crore in capital expenditure in the current financial year, FY23 to set up capacities of its electric vehicle (EV) facilities for two and three-wheelers and ramping up its premium motorcycle volumes. The CapEx for FY23 was amongst the highest annual investment made by… Continue reading Bajaj Auto plans to invest Rs 750 crore in FY23 to ride on EV and premium push
Domestic two-wheeler sales rebound on the back of strong festive demand
It is no secret that the four-wheeler industry posted better results than the two-wheeler segment in the past nine months. It was expected that during the festive period there would be a seismic shift in the two-wheeler market. In reality, that didn’t happen. Traditional strong markets in North India failed to live up to their… Continue reading Domestic two-wheeler sales rebound on the back of strong festive demand
Daimler India Commercial Vehicles posts third consecutive year of operating profit; revenues jump 50 percent in FY22 to Rs 8,217 crore
Daimler India Commercial Vehicles posts third consecutive year of operating profit; revenues jump 50 percent in FY22 to Rs 8,217 crore Buoyed by a strong revival in the Indian economy and a sharp uptick in demand for trucks and buses, Daimler India Commercial Vehicles (DICV), the German truck major, posted a 250 percent growth in operating… Continue reading Daimler India Commercial Vehicles posts third consecutive year of operating profit; revenues jump 50 percent in FY22 to Rs 8,217 crore
Centre increases ethanol procurement prices
The Centre on Wednesday announced increasing ethanol procurement prices with effect from December 1. For calculating the increments in price, a fair mechanism has been worked out that will factor in the source from where it originates. As a result, prices have been increased from Rs 49.41 per litre from existing Rs 46.66 per litre… Continue reading Centre increases ethanol procurement prices