ICRA has revised the outlook on the toll roads sector to stable from positive for FY2024, against the backdrop of easing WPI inflation to 4.95 percent in December 2022 and an expected WPI inflation of less than 2 percent in March 2023. The inflation-linked toll hike should be relatively modest at 2-5 percent in FY2024,… Continue reading ICRA revises FY2024 outlook for toll roads to stable from positive
Category: US Motoring Press
Skoda Auto Volkswagen India installs 18.5 MW solar rooftop at Chakan plant
Skoda Auto Volkswagen India has taken another significant step towards green energy. In line with the Volkswagen Group’s global ‘goTOzero’ mission, the company has inaugurated a 18.5 MW solar-power rooftop at its Chakan plant in Pune, Maharashtra. Besides reducing its dependence on non-renewable energy, this move will help meet the Group’s global target of carbon… Continue reading Skoda Auto Volkswagen India installs 18.5 MW solar rooftop at Chakan plant
Hyundai Mobis wins global business worth $4.7 billion in 2022, targets $5.4 billion this year
Hyundai Mobis wins global business worth $4.7 billion in 2022, targets $5.4 billion this year Hyundai Mobis has reported record-breaking business orders totalling $4.7 billion from global automakers in 2022. This is the highest since the company began to fully engage with the global automotive components market in the early 2000s. Hyundai Mobis’ global orders, termed… Continue reading Hyundai Mobis wins global business worth $4.7 billion in 2022, targets $5.4 billion this year
Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines
Piaggio Vehicles Pvt Ltd (PVPL), the 100% Indian subsidiary of the Piaggio Group, has announced the entry of its Apé Electrik three-wheeler in the Philippines. The electric three-wheelers, which are manufactured in PVPL’s plant in Baramati, Maharashtra, will be exported to the Philippines. The Apé E-City and Apé E-xtra are equipped with Sun Mobility’s advanced battery-swapping technology. Pisggio… Continue reading Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines
Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines
Piaggio Vehicles Pvt Ltd (PVPL), the 100% Indian subsidiary of the Piaggio Group, has announced the entry of its Apé Electrik three-wheeler in the Philippines. The electric three-wheelers, which are manufactured in PVPL’s plant in Baramati, Maharashtra, will be exported to the Philippines. The Apé E-City and Apé E-xtra are equipped with Sun Mobility’s advanced battery-swapping technology. Pisggio… Continue reading Piaggio to sell made-in-India Apé Electrik three-wheelers in the Philippines
Marelli high-performance e-motors power Maserati’s first full-electric car
Global automotive supplier Marelli has announced that it is the supplier of key technologies to the first all-electric Maserati – the GranTurismo Folgore. The extreme performance of the vehicle – with a total installed power of 1200 hp – are ensured by one of the most compact e-motor solutions on the automotive market, fully developed… Continue reading Marelli high-performance e-motors power Maserati’s first full-electric car
Mahindra XUV300 turns four, sells over 185,000 units since launch
Launched on Valentine’s Day in 2019 in the Indian market, the Mahindra XUV300 has turned four years old today – February 14, 2023. From launch through to end-January 2023, it is estimated that Mahindra & Mahindra’s compact SUV has sold a total of 185,782 units in the Indian market. Proof of the XUV300’s strong market… Continue reading Mahindra XUV300 turns four, sells over 185,000 units since launch
Inside the industry: Charging panic undermines electric car transition
That there are problems with the UK electric car public charging infrastructure today isn’t in doubt. You can’t deny the photos of queues of cars waiting to charge, or the statistics on broken chargers, or the cost of charging versus fossil fuel and more. None of those things is acceptable, and they are all underpinned… Continue reading Inside the industry: Charging panic undermines electric car transition
Rolls Royce to produce electric-only cars from 2030
All-new Rolls-Royce models will arrive exclusively with battery power as the firm plans to go electric-only by the end of 2030. The Rolls-Royce Spectre is the brand’s first electric car, and will go into production later this year. Company boss Torsten Muller-Otvos confirmed that revised Series 2 versions of the firm’s current range of models… Continue reading Rolls Royce to produce electric-only cars from 2030
The 14 most expensive cars ever sold
When talking about the world’s most expensive cars, it’s easy to think the numbers run out when the meter hits about £4 million. However, that’s when the real money is just getting started in the classic car market. The $4.8 million required for a Koenigsegg CCXR Trevita wouldn’t even get you into to the top… Continue reading The 14 most expensive cars ever sold