US Motoring Press – Page 594 – I wish I had more to offer

Natural rubber production in NE states making headways, but long road ahead for tyre industry

India’s ambitious plan to boost natural rubber production in its northeastern states is making headways, but it is a long road ahead. It will take some time before the project delivers on its promise, as the Rs 1,100 crore initiative, aimed at cultivating rubber on 200,000 hectares of land, faces a gestation period of around… Continue reading Natural rubber production in NE states making headways, but long road ahead for tyre industry

Pidilite launches new campaign for Motomax Insta Shine

Pidilite Industries Limited, a manufacturer of adhesives, sealants, construction chemicals, and automotive care products, has unveiled a new digital campaign for Motomax Insta Shine, an easy-to-use and cost-effective DIY vehicle polish. Conceptualised by Sideways, the campaign aims to engage audiences across various digital platforms. Motomax, Pidilite’s auto-care brand, offers a wide range of vehicle grooming… Continue reading Pidilite launches new campaign for Motomax Insta Shine

Uno Minda witnesses 19% net profit jump at Rs 193 crore in Q3 FY24

Auto component major Uno Minda reported a consolidated net profit of Rs 193 crore during Q3 FY24, translating into a jump of 19% as compared to Rs 162 crore in Q3 FY23. The operating revenues, on the other hand, jumped revenue by 21% to Rs 3523 crore during Q3 FY24 as against Rs 2915 crore… Continue reading Uno Minda witnesses 19% net profit jump at Rs 193 crore in Q3 FY24

Saudi Aramco in investment discussions with Indian companies, says executive: Report

State oil giant Saudi Aramco is in talks with companies to invest in India, a senior executive told Reuters on Wednesday. “Hopefully we will see some announcements soon on investment in Indian companies,” Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, said at the India Energy Week in Goa, without divulging… Continue reading Saudi Aramco in investment discussions with Indian companies, says executive: Report

Advance Mobility raises USD 2 million in seed funding

Advance Mobility, a Gurgaon-based start-up in the ridesharing mobility space has recently closed seed funding of USD 2 million at an undisclosed valuation. Finvolve led the funding with participation from India Accelerator. The company currently operating with a fleet of 425 CNG cars in Mumbai and Pune, will use the funds to expand to other cities,… Continue reading Advance Mobility raises USD 2 million in seed funding

Rajendra Abhange to join Endurance Technologies as COO in April

Endurance Technologies, an auto component manufacturer, has approved the appointment of Rajendra Abhange as Chief Operating Officer- Designate. Abhange will join the Company in the first week of April 2024 and will take charge as Director and Chief Operating Officer of the Company when Ramesh Gehaney, Whole Time Director and Chief Operating Officer demits office as per… Continue reading Rajendra Abhange to join Endurance Technologies as COO in April

Zoomcar, CARS24 partner to empower car sharing hosts

Zoomcar, the car sharing marketplace in emerging markets, and CARS24, an AutoTech platform for pre-owned cars, have announced a strategic partnership aimed at empowering local hosts in their car sharing endeavours. Through this alliance, Zoomcar Hosts will benefit from tailored offerings from CARS24 on used car purchases and flexible financing options, enabling them to accelerate… Continue reading Zoomcar, CARS24 partner to empower car sharing hosts

EAM accelerates plans for LFP cathode manufacturing with acquisition in Germany

Epsilon Advanced Materials (EAM) has finalised the acquisition of a lithium-ion phosphate (LFP) cathode active material technology center in Moosburg, Germany, positioning itself as the first global company capable of providing both cathode and anode materials for lithium-ion batteries. This move propels India to become the first country in Asia outside of China to manufacture… Continue reading EAM accelerates plans for LFP cathode manufacturing with acquisition in Germany

Terra Charge unveils cutting-edge EV charging solutions at Bharat Mobility Expo 2024

Terra Charge, an EV Charging Infrastructure development firm, showcased its advanced AC and DC EV charging solutions at the recent Bharat Mobility Expo 2024 held in Delhi Pragati Maidan. The event, which boasted over 800 exhibitors, served as a pivotal platform for industry leaders to connect and explore collaborations. Attendees had the chance to experience… Continue reading Terra Charge unveils cutting-edge EV charging solutions at Bharat Mobility Expo 2024