KwikFix Auto is making its presence felt in the organised aftermarket segment. Deepti Thore looks at the strategy to be a one-stop shop. The aftermarket segment in India has headroom to grow. Valued at Rs.74,203 crore in FY22, it registered a 15 per cent growth over FY21. In the first half of FY23 (H1-FY23) the growth momentum continues. At[Read More…]
Servotech Power Systems Ltd. (SPSL), India’s leading EV charger manufacturer has recently signed two MOUs with IIT Roorkee to develop state-of-the-art rectifier units for CCS2 chargers and onboard EV chargers for two, three and four wheelers. The rectifier unit, an integral component of the CCS2 charger that is currently imported. This collaboration will boost domestic manufacturing capabilities and promote the[Read More…]
Christopher Marsh took charge as the head of the Surface Solutions business and the Pune Plant in India on October 01, 2023. He succeeds Landry Tchapda who now at the end of his assignment has been assigned another responsibility within the organization and is moving onward to Australia. Prashanth Doreswamy, President and CEO, Continental India said, “Continental welcomes Chris and[Read More…]
Sona BLW Precision Forgings Ltd. has been awarded the prestigious Golden Peacock Award for Excellence in Corporate Governance 2023 (GPAECG). Vivek Vikram Singh, MD & Group CEO, received the award on the company’s behalf on October 17, 2023, in a ceremony organized in London. The company’s commitment to highest standards in corporate governance and its unwavering dedication to[Read More…]
RACE Energy announced a strategic partnership with LOHUM to tackle EV battery waste and identify second life use applications. Aligning with the mandate under EPR (Extended Producer Responsibility) guidelines for responsible battery management, this partnership ensures that more than 90% of raw materials from RACE’s used batteries will be recycled/refurbished. In June 2023, RACE Energy inaugurated its battery[Read More…]
Jean-Michel Verdier has started as the new Managing Director of Continental Engineering Services (CES) on September 1, 2023. He succeeds Dr. Christoph Falk-Gierlinger, who is leaving CES after 3 years with Continental. Jean-Michel Verdier has a background in engineering, with extensive experience in the automotive industry, coupled with proven leadership capabilities. With a career spanning over two decades, he has[Read More…]
Hindustan Zinc has chosen GreenLine Mobility Solutions Ltd (GreenLine), a part of Essar Group and a pioneer in green mobility solutions, as its sustainable logistics partner and is set to deploy GreenLine’s LNG-powered fleet in its supply chain and transportation operations. LNG-powered vehicles significantly reduce emissions compared to diesel and align perfectly with the sustainability goals of both organizations. This[Read More…]
Automotive Manufacturer’s inaugurated their State of the Art service facility at Paloncha, Telangana. Automotive is one of the largest dealers of Ashok Leyland with an extensive network of 105 service touch points spanning six states including Andhra Pradesh, Telangana, Maharashtra, Karnataka, Chhattisgarh, and Uttar Pradesh, Automotive Manufacturers continues its commitment of providing exceptional reach & service to customers across the[Read More…]
Bridgestone India and Tata Power have come together to install EV chargers for four wheelers at Bridgestone dealerships on a pan India basis. These chargers will be operational on a 24×7 basis. Tata Power is installing DC fast chargers of capacity 25/30 Kwh that are capable of charging a four wheeler within one hour allowing between 20-24 vehicles being charged[Read More…]
Tata Motors Limited (TML) has entered into share purchase agreements to sell 9.9% stake in Tata Technologies Ltd (TTL) for an aggregate consideration of Rs 1,613.7 crore. TPG Rise Climate is the lead investor for this transaction, which ascribes an equity valuation of INR 16,300 Cr (~US$ 2.0 billion) for TTL. TTL, a subsidiary of TML, is a leading global[Read More…]
