Remsons Holding, a wholly-owned subsidiary of Remsons Industries, has acquired a 51% equity stake in Bee Lighting (UK), as it looks to diversify into new segments such as automotive lighting. Remsons Industries, provides control cables, gear shifters, sensors, and winches. Bee Lighting specialises in automotive headlamps, rear lamps and other external and internal lighting solutions. The… Continue reading Remsons acquires 51% stake in BEE Lighting (UK)
Category: US Motoring Press
Uri Levine, Waze co-founder, returns to Zoomcar as strategic and financial advisor
Zoomcar Holdings, Inc. (Nasdaq: ZCAR), a Nasdaq-listed company specializing in self-drive car sharing, has announced the return of Waze Co-Founder Uri Levine as its Strategic and Financial Advisor. Levine previously served as Chairman of the Board at Zoomcar from 2021 to 2023, prior to the company’s public listing. In his new role, he will provide… Continue reading Uri Levine, Waze co-founder, returns to Zoomcar as strategic and financial advisor
Hyundai Motor India eyes 15% market share in EV segment backed by new launches
Post listing, Hyundai Motor India (HMI) is looking to penetrate the EV segment, as it eyes a 15% market share in the near future, backed by a series of upcoming launches and a robust localisation strategy. India’s second largest car maker Hyundai Motor India debuted on the stock exchanges on Tuesday. This IPO has become the… Continue reading Hyundai Motor India eyes 15% market share in EV segment backed by new launches
Hyundai Motor India’s shares give in to gravity on day 1, despite analyst backing
Despite leading broking houses issuing ‘buy’ ratings on the freshly minted shares of Hyundai Motor India, the stock fell by around 6% on its first day of trading. The shares, which were priced at Rs 1,960 during the IPO, ended their first day on Indian bourses at Rs 1,819.60. They had opened at Rs 1,934,… Continue reading Hyundai Motor India’s shares give in to gravity on day 1, despite analyst backing
Tata Motors begins delivery of 150 LNG trucks to Clean Green Fuel and Logistics Pvt. Ltd
Tata Motors has started delivering its Tata Prima 5530.S LNG trucks to Clean Green Fuel and Logistics Pvt. Ltd, a company focused on green fuel retailing and logistics. This delivery follows an order for 150 trucks, with the first batch handed over in Ahmedabad on October 22, 2024. The remaining trucks will be delivered in… Continue reading Tata Motors begins delivery of 150 LNG trucks to Clean Green Fuel and Logistics Pvt. Ltd
Mercedes-AMG G 63 debuts with electrified V8, advanced off-road tech
STRAO: Mercedes-Benz unveiled its latest iteration of the iconic G-Class, the Mercedes-AMG G 63, featuring a hybrid powertrain and enhanced off-road capabilities. The new G 63 has a handcrafted 4.0-liter V8 biturbo engine, supplemented with a 48-volt electrical system and integrated starter generator. The powertrain delivers 430 kW and 850 Nm of torque, with an… Continue reading Mercedes-AMG G 63 debuts with electrified V8, advanced off-road tech
Škoda Auto Volkswagen India plants over 700,000 trees in Maharashtra
Škoda Auto Volkswagen India Private Limited (SAVWIPL) planted over 700,000 trees across Maharashtra as part of the company’s broader ecological restoration strategy, including extensive tree planting, mangrove restoration, and the use of renewable energy at its manufacturing facilities. One of the key accomplishments in SAVWIPL’s green initiatives is the planting of the 100,000th tree at… Continue reading Škoda Auto Volkswagen India plants over 700,000 trees in Maharashtra
Quantum Energy offers festive discounts on electric scooters for Diwali 2024
Quantum Energy, an emerging player in India’s electric vehicle industry announced special Diwali discounts on some of its popular electric scooter models. The limited-time offer, aimed at promoting electric mobility, will run from 18th Octobe 2024 to 31st October 2024. The discounts are available across all Quantum Energy showrooms, including its newly opened outlets in… Continue reading Quantum Energy offers festive discounts on electric scooters for Diwali 2024
Quantum Energy offers festive discounts on electric scooters for Diwali 2024
Quantum Energy, an emerging player in India’s electric vehicle industry announced special Diwali discounts on some of its popular electric scooter models. The limited-time offer, aimed at promoting electric mobility, will run from 18th Octobe 2024 to 31st October 2024. The discounts are available across all Quantum Energy showrooms, including its newly opened outlets in… Continue reading Quantum Energy offers festive discounts on electric scooters for Diwali 2024
Mahindra Logistics reports Rs 10.7 crore YoY net loss in Q2FY25, revenue increases by 11.5%
Mahindra Logistics Ltd. reported a consolidated net loss of Rs 10.7 crore during Q2 FY25 versus a net loss of Rs 15.9 crore in Q2 FY24. The integrated logistics and mobility solutions provider’s revenues on the other hand, increased to Rs 1,521 crore in Q2FY25 as compared to Rs 1,365 crore registering a 11.5% on year… Continue reading Mahindra Logistics reports Rs 10.7 crore YoY net loss in Q2FY25, revenue increases by 11.5%