Even as the country actively seeks to wean itself off its addiction to imported fossil fuels, the government has moved to make the local extraction and production of petroleum products easier for companies. The Lower house of parliament passed the Oilfield (Regulatory and Development) Amendment Bill, 2024, which aims to simplify regulations, attract investments, and… Continue reading Amid Energy Transition Talk, India Liberalizes Oil Extraction and Production Norms
Category: US Motoring Press
BMW 2 Series Active Tourer
When this car first launched there were six engine options. BMW has seen fit to ditch diesel and the least powerful petrol, so now there are only four. They consist of two petrols and two PHEVs. The least powerful petrol is the 1.5-litre 220i – a 168bhp three-cylinder unit. The more powerful 223i is a… Continue reading BMW 2 Series Active Tourer
Seat won’t launch an EV until 2030s, confirms CEO
Seat won’t launch an electric car this decade – but the brand will need one if it’s to survive in the future, CEO Wayne Griffiths has confirmed. The Volkswagen Group-owned brand will make a decision on an EV timeline “at the end of the decade”, said Griffiths. However, speaking at Seat and Cupra’s 2024 results conference, Griffiths… Continue reading Seat won’t launch an EV until 2030s, confirms CEO
Mercedes-AMG G63
The biggest change is the new AMG Active Ride Control suspension system. Hydraulics replace torsion-bar cross-stabilisers and the shock absorbers gain hydraulic connections. Essentially, you can decrease stiffness for off-roading and increase it to reduce roll while cornering on road. This makes for the sweetest handling G-Class ever. One of Mercedes’ engineers was perhaps damning it with… Continue reading Mercedes-AMG G63
Maserati GranCabrio Folgore
So here we are with a £185,000, four-seat electric cabriolet that will do 0-62mph in 2.8sec – as fast as the Ferrari 296 GTB, despite the fact that it weighs 2.4 tonnes. How does that translate to UK roads? Well, despite the vaguely nauseating headline figures, the Grancabrio is an enjoyable GT. Forget the outright pace. Between the adaptive air… Continue reading Maserati GranCabrio Folgore
Skoda previews Kodiaq-sized electric seven-seater for 2026
Skoda will launch a new electric seven-seater to rival the Kia EV9 next year as the flagship of its expanding line-up of bespoke EVs. Previewed today as part of the Czech brand’s 2024 results presentation – in which it outlined record sales and profits – the new model will be evolved from 2022’s bold Vision… Continue reading Skoda previews Kodiaq-sized electric seven-seater for 2026
Skoda Octavia EV to be previewed with concept in September
However, there are no plans to launch a Skoda version of the recently unveiled Volkswagen ID Every1 concept car, which will arrive as an entry-level VW electric city car in 2027 and be priced from around £17,000. “We have decided not to be part of that segment,” said Zellmer. “Within the Volkswagen Group, VW [will… Continue reading Skoda Octavia EV to be previewed with concept in September
Shivam Autotech Secures Rs 40 Crore Corporate Term Loan
Shivam Autotech, a part of the automotive component manufacturing sector, supplies precision components to various vehicle manufacturers. Shivam Autotech Limited has approved a corporate term loan of Rs 40 crore aimed at part-refinancing existing debt and enhancing working capital requirements, according to a regulatory filing submitted to stock exchanges today. Shivam Autotech, a part of… Continue reading Shivam Autotech Secures Rs 40 Crore Corporate Term Loan
Shivam Autotech Secures Rs 40 Crore Corporate Term Loan
Shivam Autotech, a part of the automotive component manufacturing sector, supplies precision components to various vehicle manufacturers. Shivam Autotech Limited has approved a corporate term loan of Rs 40 crore aimed at part-refinancing existing debt and enhancing working capital requirements, according to a regulatory filing submitted to stock exchanges today. Shivam Autotech, a part of… Continue reading Shivam Autotech Secures Rs 40 Crore Corporate Term Loan
Gensol Engineering Announces Rs. 600 Crore Fund-Raise to Improve Financial Position
Gensol Engineering Limited (NSE: GENSOL) has announced plans to raise Rs. 600 crore through a combination of Foreign Currency Convertible Bonds (FCCBs) and warrants issued to promoters. The initiative, approved by the company’s Board of Directors, aims to enhance financial stability and reduce debt. As part of the fund-raising plan, Rs. 400 crore will be… Continue reading Gensol Engineering Announces Rs. 600 Crore Fund-Raise to Improve Financial Position