Lumax Auto Technologies Limited (LATL), a Tier-1 supplier of automotive systems and components, has signed an agreement to acquire a majority stake in Greenfuel Energy Solutions Private Limited (Greenfuel) from its current shareholders. This acquisition will mark LATL’s entry into the green and alternate fuels segment, including CNG, hydrogen, and other applications, which are expected… Continue reading Lumax Auto Technologies to acquire majority stake in Greenfuel Energy Solutions, expanding into green fuels
Tag: Suzuki
Uno Minda revs up localisation of EV parts, plans new plant under Inovance TLA
Gurugram-headquartered Tier-1 major Uno Minda, which is a key supplier of switches, lights, and instrument clusters, among other propulsion-technology-agnostic parts, has revealed plans to set up a greenfield facility for a range of products it has lined up for passenger electric vehicles (EVs) in the country. The company states that it is witnessing growing demand… Continue reading Uno Minda revs up localisation of EV parts, plans new plant under Inovance TLA
Uno Minda revs up localisation of EV parts, plans new plant under Inovance TLA
Gurugram-headquartered Tier-1 major Uno Minda, which is a key supplier of switches, lights, and instrument clusters, among other propulsion-technology-agnostic parts, has revealed plans to set up a greenfield facility for a range of products it has lined up for passenger electric vehicles (EVs) in the country. The company states that it is witnessing growing demand… Continue reading Uno Minda revs up localisation of EV parts, plans new plant under Inovance TLA
India’s EV conundrum: To invest in cars or charging points first
Young Man charging his electric vehicle. Tashdique Mehtaj Ahmed | Moment | Getty Images When Carmelita Fernandes, who lives in the Indian city of Pune, first made the switch from her regular car to an electric Tata Nixon in December 2021, she was excited for the journeys that would follow. After all, it was a… Continue reading India’s EV conundrum: To invest in cars or charging points first
Tata Motors to open 10 vehicle scrapping centers within a year
The vehicle scrappage initiative also fits the organisation’s larger goal of circularity, which is part of the Tata Group’s sustainability project. New Delhi: Commercial vehicle (CV) major Tata Motors, which operates five vehicle scrapping centers under its Re.Wi.Re brand, has a target to open 10 more within a year. The already operating centers work on… Continue reading Tata Motors to open 10 vehicle scrapping centers within a year
Clean Technica: BYD Closer to Becoming #1 Automaker in World Than I Thought003595
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Last week, I wrote generally about the idea that BYD’s strong upward trend, Toyota’s seeming lack of a serious EV plan (including continued daydreams about hydrogen), and Volkswagen’s struggles in China could lead to BYD becoming the #1 top… Continue reading Clean Technica: BYD Closer to Becoming #1 Automaker in World Than I Thought003595
Automobile market to see growth of 15% during festive season: Nuvama report
Automobile market to see growth of 15% during festive season: Nuvama report New Delhi: The Indian automobile market will experience a significant surge of over 15% during the upcoming festive season, particularly in the two-wheeler (2W) segment said a research report by Nuvama Wealth Investment Limited. The growth is anticipated by the increased enquiries and… Continue reading Automobile market to see growth of 15% during festive season: Nuvama report
Worry over rising inventories clouds FADA’s annual convention
Even as automakers in India are gearing up for a strong festival season, the festive cheer is yet to reach the dealers. Auto retailers are bracing for a hit of around Rs 900-1000 crore to their combined bottom lines due to rising unsold inventories, going by the numbers shared by officials of the Federation of… Continue reading Worry over rising inventories clouds FADA’s annual convention
Offering new technologies at affordable prices is a big challenge – says Hisashi Takeuchi, MD of Maruti Suzuki
Offering new-age technologies at affordable prices is one of the auto industry’s big challenge, says Hisashi Takeuchi, MD & CEO of Maruti Suzuki, adding, “Innovation is the key to finding ways to integrate advanced features without compromising on cost-effectiveness.” The MD of the largest car maker asserted that the industry country must develop a robust… Continue reading Offering new technologies at affordable prices is a big challenge – says Hisashi Takeuchi, MD of Maruti Suzuki
World is watching, steps we take today will shape future of industry, says Maruti Suzuki MD
Takeuchi noted the importance of investing in R&D and collaborating across the value chain to achieve this balance. New Delhi: Indian auto component industry exports over 25% of its production annually. Last year it exported components worth USD 20 billion. However, this is less than 2% of global auto industry trade, giving us a huge… Continue reading World is watching, steps we take today will shape future of industry, says Maruti Suzuki MD