BYD India, a subsidiary of global New Energy Vehicle manufacturer BYD, has inaugurated its 42nd dealership showroom in India, located in Sonipat, Haryana, in partnership with SAMTA BYD to expand its presence in North India. The 2,000 sq. ft. showroom will showcase BYD’s complete electric vehicle range including the BYD SEALION 7, BYD SEAL, BYD… Continue reading BYD India Opens 42nd Showroom in Sonipat
Category: US Motoring Press
JLR to Cut 500 UK Managerial Positions Amid Slump in US Sales Following Trump Tariffs: The Guardian
Jaguar Land Rover (JLR) has announced plans to reduce its UK management workforce by up to 500 roles, following a significant drop in sales attributed to trade tensions with the United States. According to a report by the The Guardian, the Tata Motors-owned luxury carmaker will initiate a voluntary redundancy scheme for managerial employees, impacting roughly… Continue reading JLR to Cut 500 UK Managerial Positions Amid Slump in US Sales Following Trump Tariffs: The Guardian
Autocar Professional’s July 15, 2025 Edition is out!
This issue explores India’s dangerous dependency on China as the sole supplier of essential rare earth magnets crucial for EV motor manufacturing. As export restrictions tighten across the border, over 100 Indian applications for export licences remain stuck, disrupting supply chains and putting festive-season production plans at risk for major players like Ather, Bajaj, and… Continue reading Autocar Professional’s July 15, 2025 Edition is out!
Sona Comstar Clarifies Media Reports on BYD Supply Talks
Sona BLW Precision Forgings Limited has clarified that its discussions with various potential customers, including reports linking it to Chinese EV manufacturer BYD, are part of ordinary business operations and do not constitute material events requiring regulatory disclosure. The clarification came in response to news articles that appeared across mainstream media on July 17, 2025,… Continue reading Sona Comstar Clarifies Media Reports on BYD Supply Talks
Honda India Foundation Introduces ‘Project Buniyaad’ in Sikkim on World Youth Skills Day
Honda India Foundation (HIF), the corporate social responsibility arm of the Honda group companies in India, has introduced ‘Project Buniyaad’ in Sikkim through a formal partnership with the Directorate of Craftsmanship Training & Scheme (DCTSE), Skill Development Department (SDD), Government of Sikkim. The Memorandum of Understanding (MoU) was signed as part of the World Bank-supported… Continue reading Honda India Foundation Introduces ‘Project Buniyaad’ in Sikkim on World Youth Skills Day
EVERTA Launches Manufacturing Operations for Electric Vehicle Chargers in India
EVERTA announced the launch of its DC charger manufacturing operations in India on July 17, 2025, establishing a production facility in Bengaluru that will become operational in the third quarter of this year. The company aims to manufacture 3,000 DC chargers annually by 2027 and capture 15% of India’s DC charging market share by 2030.… Continue reading EVERTA Launches Manufacturing Operations for Electric Vehicle Chargers in India
Himadri Speciality Chemical Receives CDP Supplier Engagement Leader Recognition
Himadri Speciality Chemical Ltd has been named a CDP Supplier Engagement Leader for 2024, earning an ‘A’ rating for its climate action efforts across its supply chain. The recognition places the Indian company among the top-rated firms globally for driving environmental initiatives with suppliers and partners. The Carbon Disclosure Project awarded Himadri the highest rating… Continue reading Himadri Speciality Chemical Receives CDP Supplier Engagement Leader Recognition
Volvo Group Reports 5% Revenue Decline in Second Quarter 2025
Volvo Group reported net sales of SEK 122.9 billion for the second quarter of 2025, representing a 5% decline when adjusted for currency movements compared to the same period in 2024. The Swedish industrial company attributed the decrease to market stabilization in Europe and customer uncertainty in North America. The company’s adjusted operating income fell… Continue reading Volvo Group Reports 5% Revenue Decline in Second Quarter 2025
NueGo Trains Over 3,000 Drivers in Electric Bus Operations
NueGo, India’s largest intercity electric bus service, has trained over 3,000 coach captains and 400 coach hosts through its specialized electric vehicle training program. The initiative, launched by GreenCell Mobility’s intercity electric bus brand, addresses the skills gap in India’s transition to electric mobility. The company operates more than 300 electric buses connecting over 100… Continue reading NueGo Trains Over 3,000 Drivers in Electric Bus Operations
Parkobot Secures ₹2.09 Crore Seed Funding from Inflection Point Ventures
Parkobot, a Kolkata-based startup that operates an IoT-enabled parking platform, has raised ₹2.09 crore in seed funding led by Inflection Point Ventures. The round included participation from high net worth individuals. The company positions itself as the world’s first “Airbnb for private parking,” allowing property owners to monetize unused parking spaces on an hourly basis… Continue reading Parkobot Secures ₹2.09 Crore Seed Funding from Inflection Point Ventures