Specialty chemicals company LANXESS has finalized the sale of its Urethane Systems business to Japan-based UBE Corporation. The transaction, initially announced in October 2024, was completed on April 1, 2025, after receiving approvals from all relevant antitrust authorities. LANXESS secured gross cash proceeds of approximately €500 million, with the enterprise value of the deal amounting… Continue reading LANXESS Completes Sale of Urethane Systems Business to UBE Corporation
Category: US Motoring Press
March Sees an Uptick in Consumer Sentiment – Survey
At a time of gloom in most countries, consumer sentiment ticked up in March, according to the latest LSEG-Ipsos Primary Consumer Sentiment Index (PCSI) report. The report indicates that consumer confidence in India has increased by 2.2 percentage points, with a substantial boost in sentiment surrounding the economy and employment. India has claimed the top… Continue reading March Sees an Uptick in Consumer Sentiment – Survey
Emerson and Tata Elxsi Host AI-Focused Test and Measurement Forum
Emerson and Tata Elxsi co-hosted the Leadership Forum 2025 at The Leela Palace in Bengaluru, bringing together industry decision-makers to explore AI’s impact on test and measurement. Under the theme ‘Adding Intelligence to Test,’ the forum examined how AI is reshaping validation and production processes, transitioning from reactive testing to predictive and autonomous systems that… Continue reading Emerson and Tata Elxsi Host AI-Focused Test and Measurement Forum
Mercedes-Benz Opens Facilities in Faridabad and Agra
Mercedes-Benz India, the country’s leading luxury carmaker, announced the inauguration of new facilities in Agra and Faridabad as part of its expansion into key potential growth markets. These market expansions align with the company’s ‘Go to Customer’ strategy, targeting regions experiencing increased aspirations and preference for luxury vehicles, Mercedes said. The new 32,000 sq. ft.… Continue reading Mercedes-Benz Opens Facilities in Faridabad and Agra
Ola Electric Launches Same-Day EV Registration and Delivery
Ola Electric has announced #HyperDelivery, a new initiative that enables same-day registration and delivery of its vehicles. The pilot program has started in Bengaluru and will be expanded across India in the coming months, the company said. Under this initiative, customers can complete their purchase online or at an Ola Electric Store and receive a… Continue reading Ola Electric Launches Same-Day EV Registration and Delivery
Ola Electric Launches Same-Day EV Registration and Delivery
Ola Electric has announced #HyperDelivery, a new initiative that enables same-day registration and delivery of its vehicles. The pilot program has started in Bengaluru and will be expanded across India in the coming months, the company said. Under this initiative, customers can complete their purchase online or at an Ola Electric Store and receive a… Continue reading Ola Electric Launches Same-Day EV Registration and Delivery
Atlas Copco Opens Smart Factory Innovation Centre in Pune to Advance Industry 4.0
Atlas Copco Tools and Assembly Systems inaugurated its first Smart Factory Innovation Centre in India. Located in Pune, the state-of-the-art facility is designed to showcase cutting-edge technologies that power Smart Integrated Assembly ecosystems and advance Industry 4.0 initiatives. The Innovation Centre serves as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing… Continue reading Atlas Copco Opens Smart Factory Innovation Centre in Pune to Advance Industry 4.0
Honda Records 19% Growth with 58.31 Lakh Units Sold in FY 2024-25
Honda Motorcycle & Scooter India (HMSI) closed the fiscal year 2024-25 with total sales of 58.31 lakh units, marking a 19% year-on-year growth. The company sold 4,27,448 units in March 2025 alone, comprising 4,01,411 units in domestic sales and 26,037 units in exports. HMSI has expanded its product lineup during FY 2024-25 with its entry… Continue reading Honda Records 19% Growth with 58.31 Lakh Units Sold in FY 2024-25
Skoda Elroq vRS: crossover boosted to 335bhp with 4WD
Skoda has given the new Elroq crossover, its smallest EV to date, the vRS hot hatch treatment. Unveiled at Milan Design Week, the Elroq vRS receives a number of changes over the standard car, including a 52bhp bump in power to 335bhp, a stiffened chassis and a series of visual additions. The vRS’s extra reserves are… Continue reading Skoda Elroq vRS: crossover boosted to 335bhp with 4WD
Hyundai Unveils IONIQ 6 Lineup at Seoul Mobility Show 2025
Hyundai Motor Company today unveiled its redesigned IONIQ 6 and IONIQ 6 N Line models at the Seoul Mobility Show 2025 in Korea. The launch reflects Hyundai’s evolving electrified streamliner lineup, building on the design legacy of the original IONIQ 6 introduced in 2022. The facelifted IONIQ 6 introduces refined proportions and curves while maintaining… Continue reading Hyundai Unveils IONIQ 6 Lineup at Seoul Mobility Show 2025