Ultraviolette has signed an MoU with HPCL to install electric vehicle charging stations at key HPCL fuel stations across India. The MoU was signed at the Bharat Mobility Global Expo 2024. Under the first phase of the partnership, Ultraviolette will set up chargingstations at HPCL retail fuel pumps in 12 select states, followed by expansion… Continue reading Ultraviolette signs MoU to set up EV charging stations at HPCL fuel stations
Category: US Motoring Press
Industry facing ‘serious’ battles with poor image and record vacancies
A poor image, record vacancies and a growing skills gap are among the serious challenges facing the motor industry, according to a new report from the Institute of the Motor Industry (IMI). ‘Driving auto forwards’ identifies 10 issues as vehicle technology and the market evolve that, if not addressed, put the industry at risk of… Continue reading Industry facing ‘serious’ battles with poor image and record vacancies
How China Built BYD, Its Tesla Killer
China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China… Continue reading How China Built BYD, Its Tesla Killer
New Audi RS5 estate set to rival AMG C63 with hybrid V6
Saloon and Avant estate bodystyles will be offered for the standard A5, with each unlikely to grow in size compared with the current A4. For reference, it stretches to 4772mm in length, 1847mm in width and 1435mm in height. Only the estate has been spotted testing so far in full-bore RS guise, and it is… Continue reading New Audi RS5 estate set to rival AMG C63 with hybrid V6
Chinese car makers Seres and Skywell confirmed for UK this year
Chinese car brands Seres and Skywell will be launched in the UK later this year by importer Innovation Automotive. Seres was founded in 2017 by Chongqing-based industrial group Sokon but is headquartered in California. Its 3 electric car will be brought to the UK in May, priced from £29,995 – £500 cheaper than the MG ZS EV. The Nissan Qashqai-sized SUV has a 161bhp motor on the… Continue reading Chinese car makers Seres and Skywell confirmed for UK this year
Samvardhana Motherson reports 27% jump in revenue at Rs 25,698 crore in Q3 FY24
Auto components firm Samvardhana Motherson International Limited reported a 27% jump in revenues, at Rs 25,698 crore in the third quarter of FY24. The company reported a net profit of Rs 733 crore, for the third quarter ended December, up 61% on year. Net debt of the company reduced by around Rs 866 crore despite merger… Continue reading Samvardhana Motherson reports 27% jump in revenue at Rs 25,698 crore in Q3 FY24
FICCI quarterly survey on manufacturing reveals sustained growth in last two quarters of FY24
FICCI’s latest Quarterly Survey on Manufacturing (QSM) reveals a sustained and continued period of growth for India’s manufacturing sector in the last two quarters of FY 2024. Compared to the previous quarter, Q3 FY 24, when 73% of respondents had reported higher production levels, in the current Q4 FY 2024, around 87% of respondents expect… Continue reading FICCI quarterly survey on manufacturing reveals sustained growth in last two quarters of FY24
Confidence Petroleum India launches green hydrogen cylinders
Confidence Petroleum India ventured into the green hydrogen market by launching green hydrogen cylinders. The Green hydrogen Type 4 cylinders will be manufactured by its subsidiary Silversky Exim. The company that operates in the LPG and CNG industry, claims that the designs will optimise storage efficiency and be a step in enhancing the overall reliability… Continue reading Confidence Petroleum India launches green hydrogen cylinders
Shares of Bharat Forge fall more than 10% on growth concerns in FY25
Shares of Bharat Forge fell 13% to Rs 1,148.80. The management said it expects the momentum to moderate in both domestic & Export markets across industries going Q4 and FY25. “Looking ahead in the Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export market across industries.… Continue reading Shares of Bharat Forge fall more than 10% on growth concerns in FY25
Tata Motors and Bandhan Bank sign MoU to offer commercial vehicle financing solutions
Tata Motors, India’s largest commercial vehicle manufacturer, has signed an Memorandum of Understanding (MoU) with Bandhan Bank to offer convenient financing solutions to its commercial vehicle customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s network and its easy repayment plans, noted… Continue reading Tata Motors and Bandhan Bank sign MoU to offer commercial vehicle financing solutions