Economic downturn in US and Europe slows down Switch Mobility’s fundraising plans The proposed $200-250 million fund-raising programme by UK-based Switch Mobility, the global electric vehicle (EV) subsidiary of Chennai, India-based Ashok Leyland is taking longer than expected in the backdrop of recessionary trends and economic slowdown in the US and European markets. Dheeraj Hinduja, executive… Continue reading Economic downturn in US and Europe slows down Switch Mobility’s fundraising plans
Tag: Tata
Scorpio N and Classic make up 50% of Mahindra’s order backlog of 260,000 units
Of India Passenger Vehicle Inc’s current cumulative order backlog of an estimated 800,000 units, Mahindra & Mahindra with 260,000 units is the second largeAst after Maruti Suzuki’s 400,000-odd units and Tata Motors’ 100,000 units. While announcing its Q2 FY2023 results today, Mahindra & Mahindra revealed that it has cumulative ‘open’ bookings of 260,000 units as… Continue reading Scorpio N and Classic make up 50% of Mahindra’s order backlog of 260,000 units
Global SUV Market to Reach $1.22 Trillion by 2027 at a 6.6% CAGR
DUBLIN, Nov. 11, 2022 /PRNewswire/ — The “SUV Market by Type (Mini, Compact, Mid- & Full-Size, MPV), Propulsion (Diesel, Gasoline, Electric), Class (B, C, D, E), Seating Capacity (5 Seater,>5 seater), EV Type (BEV, PHEV, FCEV), Sales (Compact, Mid- & Full-Size) & Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.… Continue reading Global SUV Market to Reach $1.22 Trillion by 2027 at a 6.6% CAGR
VIDEO. Lewis Hamilton takes Jim Ratcliffe’s Ineos Grenadier out for a spin – Monaco Tribune
The seven-time Formula 1 world champion, who is the British off-roader’s ambassador, tried the INEOS Grenadier out for the first time, along with Jim Ratcliffe, owner of OGC Nice and founder of the INEOS brand. And to say the least, Lewis Hamilton enjoyed the experience. Accustomed to competing in F1 Grand Prix events in his… Continue reading VIDEO. Lewis Hamilton takes Jim Ratcliffe’s Ineos Grenadier out for a spin – Monaco Tribune
India adds fewer unicorns this year as investors tighten purse strings
The number of Indian startups entering the unicorn club this year may well be just half of last year, going by trends so far. While there were at least 45 unicorns in 2021 with a combined valuation of a little over $97 billion, there have been only 24 till end-October this year with a combined… Continue reading India adds fewer unicorns this year as investors tighten purse strings
Now anyone can hail a Waymo robotaxi in downtown Phoenix
Waymo has opened up its fully driverless ride-hail service in downtown Phoenix to members of the general public. Previously, the company had only been operating a commercial service with no safety driver behind the wheel for participants in its “trusted tester” program. The expansion in Phoenix is yet another sign of Waymo’s accelerated push towards… Continue reading Now anyone can hail a Waymo robotaxi in downtown Phoenix
Jaguar Land Rover CEO: chip problem will take “years” to resolve
The Range Rover accounts for a significant proportion of JLR’s 205,000-car order bank Amid chip issues, Jaguar Land Rover reduced losses to £173 million in the third quarter of 2022 The squeeze on chip supplies will take “years” to resolve, Jaguar Land Rover CEO Thierry Bolloré has warned, even as many manufacturers, including JLR, report… Continue reading Jaguar Land Rover CEO: chip problem will take “years” to resolve
German Handelsblatt: Electromobility: New name, more range and a higher price – this is how Audi is revising the E-Tron005579
Four years ago, an SUV in the typical form of successful Audi high-legged friends prepared to lure customers away from the upstart Tesla. Like the Mercedes EQC or the Jaguar i-Pace, the Audi E-tron was presented for the first time in 2018 and hit the streets the following year. Finally the Europeans woke up, after… Continue reading German Handelsblatt: Electromobility: New name, more range and a higher price – this is how Audi is revising the E-Tron005579
Grupo Antolin opens global design centre in Pune
Grupo Antolin, global supplier of technological solutions for car interiors, inaugurated its new state-of-the-art Global Design and Business Services office in Pune today. The new facility was inaugurated by Chairman Ernesto Antolin, CEO Ramon Sotomayor and the employees of Grupo Antolin India. From this center, which has over 250 employees, Grupo Antolin will support all the… Continue reading Grupo Antolin opens global design centre in Pune
@Geely: Thu 10 Nov 2022Lotus Engineering: The Innovators #2 – Six Generations Of Precision Control 1 | 5 | 0 Welcome to the second part in a …
Control systems one of four key pillars of Lotus Engineering Lotus-developed engine control unit (ECU) debuted on legendary Esprit V8 engine 26 years of Lotus ECU development means sixth-generation unit is part of Emira tech spec Flexibility of controller generates demand from Lotus Engineering consultancy clients for ICE and EV use Proven tech with certification… Continue reading @Geely: Thu 10 Nov 2022Lotus Engineering: The Innovators #2 – Six Generations Of Precision Control 1 | 5 | 0 Welcome to the second part in a …