BMW Group India profits triple, revenue grows 40% to Rs 6,107 crore in FY23

The maker of X5 and 5 Series posted a 40 percent rise in total income which stood at Rs 6,107 crore led by a strong double-digit growth in sales, which was about 12000 units for the last financial year. Reviewing the FY23 earnings, the Director’s report noted, “The Company is focusing on growth and achieving… Continue reading BMW Group India profits triple, revenue grows 40% to Rs 6,107 crore in FY23

@niche: Xos Stepvans Eligible for Thousands in State and Federal Incentives002980

LOS ANGELES, Oct. 05, 2023 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS) is proud to announce that their 2023 Xos SV is eligible for impressive incentives in place by both federal and state governments. With IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit, Xos customers are eligible to receive up to… Continue reading @niche: Xos Stepvans Eligible for Thousands in State and Federal Incentives002980

@niche: ADVENT, ADVENT(URE) IN DER KTM MOTOHALL002980

Dear Sir/Madam, Welcome to our Press Center. May we express our pleasure at the fact that you have chosen to use the pool of information regarding our company and its products and services. This information and content is made available by KTM Sportmotorcycle GmbH, Betriebsgebiet Süd, Stallhofner Straße 3, A-5230 Mattighofen, Austria, and we are… Continue reading @niche: ADVENT, ADVENT(URE) IN DER KTM MOTOHALL002980

Military Vehicle Sustainment Market worth $23.5 Billion by 2028 – Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 4, 2023 /PRNewswire/ — The Military Vehicle Sustainment Market is expected to reach USD 23.5 billion by 2028 from USD 16.8 billion in 2023, at a CAGR of 7.0 % during the 2023–2028 period according to a new report by MarketsandMarkets™. The growth can be attributed to the increasing need for military vehicles… Continue reading Military Vehicle Sustainment Market worth $23.5 Billion by 2028 – Exclusive Report by MarketsandMarkets™

Wireless Charging Market for Electric Vehicles worth $1279 million by 2030 – Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 4, 2023 /PRNewswire/ — Wireless Charging Market for Electric Vehicles size is projected to grow from USD 80 million in 2023 to USD 1279 million by 2030, at a CAGR of 48.4%, according to a new report by MarketsandMarkets™. The rise in focus towards e-mobility paired with increased infrastructure development for EVs charging are expected… Continue reading Wireless Charging Market for Electric Vehicles worth $1279 million by 2030 – Exclusive Report by MarketsandMarkets™

Plusgrade and European Sleeper Announce Partnership to Elevate Passenger Rail Experience with Premium Upgrade Solution

Plusgrade and European Sleeper partnership announced at the World Passenger Festival in Vienna. European Sleeper guests will soon be able to bid for upgrades, setting a new standard in the European rail industry for passenger choice, comfort and experience. The partnership further solidifies Plusgrade’s position as the global ancillary revenue powerhouse, and the expansion of its… Continue reading Plusgrade and European Sleeper Announce Partnership to Elevate Passenger Rail Experience with Premium Upgrade Solution

Vietnam finds TikTok guilty of breaching information security, e-commerce laws

Vietnam has found Chinese social media app TikTok guilty of violating the country’s laws on information security, child protection, and e-commerce. The verdict was the result of the Ministry of Information and Communications’ inspection of TikTok’s operations in Vietnam since May 22, local media reported from the ministry’s meeting on October 5. TikTok’s Singapore-based unit… Continue reading Vietnam finds TikTok guilty of breaching information security, e-commerce laws

Auto worker strike highlights disparities between temporary and permanent employees

Tiers for the Detroit automakers were created starting in 2007 as the UAW tried to help them out of serious financial troubles. Even so, GM and Chrysler ended up in government-funded bankruptcies. When Rhonda Naus got a job inspecting Jeep Wranglers fresh off the assembly line, her paycheck added up to roughly half of what… Continue reading Auto worker strike highlights disparities between temporary and permanent employees

SIDBI and Shell collaborate for Risk Sharing Facility to complement National EV Mission 30@30

This will improve access to finance and ramp-up the adoption of electric two- and three-wheelers across India. Small Industries Development Bank of India (SIDBI) and Shell Foundation, the UK foundation that catalyses clean energy innovation in Africa and India, on Thursday announced the launch of a Risk Sharing Facility (RSF) to complement EV Mission 30@30… Continue reading SIDBI and Shell collaborate for Risk Sharing Facility to complement National EV Mission 30@30

No GST cut seen on cement, Li-ion cells

In the case of lithium-ion batteries, officials are of the view that a change in rates will have wider ramifications, given that it is used across sectors and is not limited to electric vehicles. New Delhi: The GST Council is expected to take up the issue of appointing members to the proposed tribunals, but is… Continue reading No GST cut seen on cement, Li-ion cells