Tag: Volvo

Eicher Motors FY23 PAT up 73.8% at INR 2,914 cr

For the quarter ended March 31, 2023, Eicher Motor’s Profit After Tax stood at INR 906 crore, an increase of 48.4% compared to INR 610 crore during the same period last year. New Delhi: For the Financial Year ended March 31, 2023, Eicher Motors recorded Profit After Tax at INR 2,914 crore, up by 73.8%… Continue reading Eicher Motors FY23 PAT up 73.8% at INR 2,914 cr

Volvo delays EX90 production to resolve software issues

Owners will be able to use their smartphone as a key for the car, with the firm’s app also designed to give access to an ‘ecosystem’ of services, including public charging stations and smart home charging management. The EX90 will support ‘Plug and Charge’, which, when launched, will automatically start charging the machine and sort… Continue reading Volvo delays EX90 production to resolve software issues

Eicher Motors’ turnover scales US$ 4 billion in FY23, Company to invest Rs 1,000 crore in FY24

In a bid to cater to the growing demand for its Royal Enfield motorcycles and commercial vehicle business, Eicher Motors intends to invest over Rs 1,000 crore in FY24.  The company will invest Rs 1,000 crore for Royal Enfield’s expansion of its portfolio and diversification of its electric vehicle business. Separately, the company’s commercial vehicle… Continue reading Eicher Motors’ turnover scales US$ 4 billion in FY23, Company to invest Rs 1,000 crore in FY24

Volvo may have gone too hard on software because now the EX90 is getting delayed

/ The all-electric SUV was expected to hit showrooms in early 2024, but now it won’t start production until the first half of the year. The reason? Software, of course. Image: Volvo Volvo announced that it was delaying production for its next-generation flagship electric SUV, the 2024 EX90, citing a need for further “software testing… Continue reading Volvo may have gone too hard on software because now the EX90 is getting delayed

EV sales in India increases 174% YoY to 12,47,120 units in FY23

Updated On May 11, 2023 at 02:17 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The E4W category marked a 151% of Y-o-Y increase. By Yash JhunjhunwalaNew Delhi: The electric vehicle (EV) sales in India increased by 174% Y-o-Y from 4,55,773 units in FY 22 to 12,47,120 units in FY 23.… Continue reading EV sales in India increases 174% YoY to 12,47,120 units in FY23

Europa Wire: Leading the Charge: Volvo Trucks Leads the Way in Heavy Electric Truck Market000619

Leading the Charge: Volvo Trucks Leads the Way in Heavy Electric Truck Market (IN BRIEF) Volvo Trucks has established itself as the leader in the heavy electric truck market in both Europe and North America during the first quarter of 2023. With nearly 5,000 electric trucks sold across approximately 40 countries, Volvo Trucks plans to… Continue reading Europa Wire: Leading the Charge: Volvo Trucks Leads the Way in Heavy Electric Truck Market000619

How SAIC took MG from the brink of bankruptcy to a global giant

As the automotive industry in China began to blossom about two decades ago, domestic manufacturers looking to export needed marketable names. The quickest way to do this was to acquire an established brand and polish it for a new life. Brands like Geely’s Volvo have worked while names like Borgward have languished. And then there… Continue reading How SAIC took MG from the brink of bankruptcy to a global giant

AB Volvo Strengthens ESG Portfolio to Tap into Electric Passenger Cars Industry – Astra ESG Solutions

SAN FRANCISCO, May 9, 2023 /PRNewswire/ — Sustainability for mobility has prompted electric passenger cars industry players to prioritize environmental, social and governance (ESG) goals. Heightened demand for decarbonization and the need to bring sustainability perspectives into management have encouraged incumbent companies to foster their ESG strategies. Climate change response has become global, suggesting an emphasis… Continue reading AB Volvo Strengthens ESG Portfolio to Tap into Electric Passenger Cars Industry – Astra ESG Solutions