One of the UK’s largest charger companies is facing a fight for its future, after the slowdown in EV take up wiped more than £10 million from its market value overnight. On the release of its 2024 results, which revealed a £7m shortfall on its revenue target of £60m, Pod Point’s share price fell 41%.… Continue reading ‘Challenging backdrop’ of low private EV sales hits charging firms
Category: US Motoring Press
Mercedes-AMG to return to V8 power with upcoming CLE 63
Mercedes-AMG will return to V8 power, confirming an all-new mild-hybrid petrol engine will debut in the upcoming CLE 63 later this year. The move marks a shift away from the controversial four-cylinder plug-in hybrid drivetrain introduced in the current C63, which failed to gain traction with customers, leading to a significant drop in sales for… Continue reading Mercedes-AMG to return to V8 power with upcoming CLE 63
The tech new Mercedes CLA is using to crack EV efficiency
When Mercedes-Benz first showed the Concept CLA in 2023, it coined the phrase “the one-litre car of the electric age”, highlighting the lengths it was going to in achieving 93% efficiency between the battery and the driving wheels. The new CLA EV is due later this year, and with a potential range of 466 miles… Continue reading The tech new Mercedes CLA is using to crack EV efficiency
Schaeffler Sees Hybrids and Automatics as Key Growth Areas in India
As India’s automotive market matures, Schaeffler is witnessing a surge in demand for automatic transmissions and hybrid technologies. The company is positioning itself to capitalise on these emerging growth areas by ramping up localisation efforts, expanding capacities, and strengthening collaborations with key automakers to meet evolving market needs. “With growing (dual-clutch transmissions) volumes, localisation is… Continue reading Schaeffler Sees Hybrids and Automatics as Key Growth Areas in India
JCB India’s FY24 Profit Soars Amid Push for Stricter Emission Compliance
JCB India Ltd, the local arm of the British construction equipment machinery giant, reported a notable surge in profitability and revenue for the fiscal year 2024. Net profit reached Rs 2074.70 crore, a substantial increase from Rs 1454.70 crore in the previous fiscal year 2023. Correspondingly, operating revenues climbed to Rs 18,824.94 crore, up from… Continue reading JCB India’s FY24 Profit Soars Amid Push for Stricter Emission Compliance
Pune’s DY Patil College of Engineering Takes Pole Position at 10th edition of eBAJA SAEINDIA
The tenth edition of the eBAJA SAEINDIA, which was held at the BV Raju Institute of Technology, Narsapur, near Hyderabad, came to a conclusion in the evening hours of February 23. The event which marked a decade-long journey of the prestigious student competition that focuses on implementing classroom knowledge into hands-on, practical training, witnessed its… Continue reading Pune’s DY Patil College of Engineering Takes Pole Position at 10th edition of eBAJA SAEINDIA
Kia Syros SUV Receives 20,163 Bookings Following February Launch
In a significant development for India’s automotive sector, Kia India’s recently launched Syros SUV has garnered substantial market interest, accumulating 20,163 bookings since its introduction. The vehicle, positioned in the sub-compact SUV segment, has demonstrated notable customer preferences in its initial sales patterns. Market data reveals a strong inclination towards petrol variants, which constitute 67%… Continue reading Kia Syros SUV Receives 20,163 Bookings Following February Launch
Škoda Unveils New RS Models in Kodiaq and Octavia Range
Škoda Auto has unveiled the latest additions to its performance lineup: the all-new Kodiaq RS and the updated Octavia RS. Both models represent a significant power upgrade, featuring a new 2.0 TSI engine that produces 195 kW (265 hp), making them the most powerful versions in their respective histories. The new RS models showcase Škoda’s… Continue reading Škoda Unveils New RS Models in Kodiaq and Octavia Range
Atul, Valeo, and Honda Partner for Battery-Swappable Electric Three-Wheelers
In a significant development for India’s electric vehicle sector, three major automotive companies have partnered to introduce battery-swappable electric three-wheelers. Atul Greentech Private Limited, Valeo India Private Limited, and Honda Power Pack Energy India (HEID) announced their collaboration to bring this innovative technology to the Indian market. The partnership introduces two new vehicles: the MOBILI… Continue reading Atul, Valeo, and Honda Partner for Battery-Swappable Electric Three-Wheelers
Euler Motors and Tata Power Renewables Sign Agreement to Expand EV Charging Network
In a significant development for India’s electric vehicle sector, Euler Motors has joined forces with Tata Power Renewables through a Memorandum of Understanding (MoU) aimed at expanding fast-charging infrastructure for commercial electric vehicles. The partnership addresses a critical challenge in the commercial EV sector: accessible charging infrastructure. Under the agreement, Tata Power Renewables will deploy… Continue reading Euler Motors and Tata Power Renewables Sign Agreement to Expand EV Charging Network