Amazon to launch online sales of Hyundai cars in the US in 2024

Global online retailer Amazon and Hyundai Motor Company have announced a broad strategic partnership to bring innovative new experiences to customers. The announcement was made today at the 2023 Los Angeles Auto Show. This strategic collaboration includes Amazon launching online sales of Hyundai vehicles in the U.S. in 2024, Hyundai naming AWS as its preferred… Continue reading Amazon to launch online sales of Hyundai cars in the US in 2024

Over 50,000 Tata Motors EVs sold in rural, small-town India

Electric passenger vehicle market leader Tata Motors has revealed interesting data about EVs centered around their ownership and usage patterns. The data was drawn from the over 100,000 EVs that the company has already sold in India and thus, the findings are based on a suitably large sample size. Considering the fact that Tata Motors’ EV market… Continue reading Over 50,000 Tata Motors EVs sold in rural, small-town India

Over 50,000 Tata Motors EVs sold in rural, small-town India

Electric passenger vehicle market leader Tata Motors has revealed interesting data about EVs centered around their ownership and usage patterns. The data was drawn from the over 100,000 EVs that the company has already sold in India and thus, the findings are based on a suitably large sample size. Considering the fact that Tata Motors’ EV market… Continue reading Over 50,000 Tata Motors EVs sold in rural, small-town India

Stellantis announces six winners of Global Students Awards

The Stellantis Student Awards recently concluded its second global program celebrating more than 600 graduates of Stellantis employees for their dedication to continuous learning and education with a monetary award. This year, the applicants were asked to explain how they would offer decarbonised mobility that is affordable and accessible to all.  Stellantis Chairman John Elkann… Continue reading Stellantis announces six winners of Global Students Awards

Valeo SCALA 3 LiDAR wins CES 2024 Innovation Award

Valeo’s SCALA 3 LiDAR has been recognised as a CES 2024 Innovation Award honoree in the ‘Vehicle Tech & Advanced Mobility’ category. As the industry recognises the key role of LiDAR technology in the development of autonomous mobility, this award acknowledges once again Valeo’s leading role as a pioneer in bringing this technology to the automotive… Continue reading Valeo SCALA 3 LiDAR wins CES 2024 Innovation Award

Valeo SCALA 3 LiDAR wins CES 2024 Innovation Award

Valeo’s SCALA 3 LiDAR has been recognised as a CES 2024 Innovation Award honoree in the ‘Vehicle Tech & Advanced Mobility’ category. As the industry recognises the key role of LiDAR technology in the development of autonomous mobility, this award acknowledges once again Valeo’s leading role as a pioneer in bringing this technology to the automotive… Continue reading Valeo SCALA 3 LiDAR wins CES 2024 Innovation Award

Ramkrishna Forgings raises Rs 1,000 crore through QIP

The Capital-Market Committee at its meeting held on November 13, 2023, approved the allotment of 1,62,86,644 equity shares of face value of Rs 2 at an issue price of Rs 614 per Equity Share i.e., at a premium of Rs 612 per Equity Share.  Ramkrishna Forgings has raised Rs 1,000 crore via a QIP (Qualified… Continue reading Ramkrishna Forgings raises Rs 1,000 crore through QIP

India’s semiconductor ecosystem offers scope for Micron to expand footprint in country, says Piyush Goyal: PTI

US-based semiconductor company Micron is setting up India’s first chip facility in Gujarat, which will generate 5,000 direct and 15,000 indirect jobs in the coming years. Commerce and Industry Minister Piyush Goyal met Micron Technology CEO and President Sanjay Mehrotra in the US and talked about business opportunities in the growing semiconductor sector in India,… Continue reading India’s semiconductor ecosystem offers scope for Micron to expand footprint in country, says Piyush Goyal: PTI

Vitesco Technologies begins electric axle drive manufacturing in South Korea

Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, has opened a new 2,800 square metre manufacturing space at its Icheon electronics site. The first parts from the new line will serve to confirm the original sample products’ robustness by testing series parts. This phase will last for around six months… Continue reading Vitesco Technologies begins electric axle drive manufacturing in South Korea

Vitesco Technologies begins electric axle drive manufacturing in South Korea

Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, has opened a new 2,800 square metre manufacturing space at its Icheon electronics site. The first parts from the new line will serve to confirm the original sample products’ robustness by testing series parts. This phase will last for around six months… Continue reading Vitesco Technologies begins electric axle drive manufacturing in South Korea