US Motoring Press – Page 562 – I wish I had more to offer

Michelin, Antin and Enviro form JV for tyre recycling plant in Sweden

Michelin, Antin and Enviro have finalised a shared investment plan for the construction of a first end-of-life tire recycling plant in Uddevalla, Sweden. The project will be based on Enviro’s unique pyrolysis technology with the ability to extract raw materials from multi-component products. The joint venture has secured a series of multi-year contracts for the supply… Continue reading Michelin, Antin and Enviro form JV for tyre recycling plant in Sweden

Suzuki Motorcycle India produces 1 million units within FY23-24

Suzuki Motorcycle India (SMIP), has announced that it has reached a production milestone of 1 million two-wheelers within FY23-24. Suzuki Access became the 1 millionth unit that was rolled out from SMIP’s Kherki Dhaula plant in Gurugram, the company shared. Since its inception in February 2006, SMIPL has continued to grow and expand its presence… Continue reading Suzuki Motorcycle India produces 1 million units within FY23-24

Kia recalls Seltos petrol-CVT, 4,358 units impacted

Kia has announced a voluntary recall for 4,358 units of the Kia Seltos. The company explained that the recall was prompted by a “potential error in the electronic oil pump controller, which may impact the performance of the electronic oil pump” in the SUV’s CVT gearbox. Kia says it is proactively reaching out to customers… Continue reading Kia recalls Seltos petrol-CVT, 4,358 units impacted

Renault Nissan Automotive India used over 85% green energy to power operations for six months last year

Renault Nissan Automotive India stated that it has used green power for its operations during the second half of 2023. On an average, the plant utilised more than 85% green energy every month between July and December 2023, with 100% green energy utilisation in September 2023. The company uses a combination of in-house and externally… Continue reading Renault Nissan Automotive India used over 85% green energy to power operations for six months last year

Servotech Power Systems wins Rs 102 crore order for 1500 DC Fast Chargers from HPCL, other OEMs

Servotech Power Systems, an EV charger manufacturer, has bagged an order worth Rs 102 crore for 1500 DC fast EV chargers from HPCL and other EV charger OEMs. The charger variants are 60 kW and 120 kW. The order secured by HPCL involves Servotech manufacturing, supplying andinstalling DC EV chargers nationwide, prioritizing deployment at HPCL’s retailoutlets. Additionally, Servotech… Continue reading Servotech Power Systems wins Rs 102 crore order for 1500 DC Fast Chargers from HPCL, other OEMs

Toyota Kirloskar Auto Parts qualifies for incentive under PLI scheme

Toyota Kirloskar Auto Parts Pvt Ltd (TKAP), a part of Toyota Group of companies, today announced that it has received the Domestic Value Addition (DVA) Certificate for xEV Transaxle (e-Drive) under the Production Linked Incentive (PLI) Scheme for Advanced Automotive Technology (AAT) products. This development renders TKAP eligible to avail incentives under the Scheme. TKAP’s… Continue reading Toyota Kirloskar Auto Parts qualifies for incentive under PLI scheme

Toyota Kirloskar Auto Parts qualifies for incentive under PLI scheme

Dr Anish Shah: ‘By 2031, Indian GDP will add as much to the global GDP as the entire EU’

The ‘Ideas of India’ Summit 3.0 opened today in Mumbai with Dr Anish Shah, Group CEO and MD, Mahindra Group & President of FICCI, sharing his perspective on ‘Viksit Bharat: The Road to 2047’. Representing India’s business world, Dr Shah shared his perspective on the pivotal role industries and enterprises will have to play for accelerating national… Continue reading Dr Anish Shah: ‘By 2031, Indian GDP will add as much to the global GDP as the entire EU’

Sona Comstar first component supplier to receive auto PLI certification

Sona BLW Precision Forgings (Sona Comstar) has become the first automotive component manufacturer to receive certification under the Auto Production Linked Incentive (PLI) scheme. The company has filed seven applications for different products under the PLI scheme, and it has received the certification for its first product – a hub wheel drive motor for electric… Continue reading Sona Comstar first component supplier to receive auto PLI certification