Tata Motors has announced a significant price reduction for its Nexon and Tiago EV models, with savings of up to ₹1,20,000. This drop is primarily attributed to a slight decline in battery cell prices used in manufacturing. While the prices of the recently launched Punch EV remain unchanged, the Tata Tiago EV will now start at ₹7.99 lakh in India.[Read More…]
Maruti, in collaboration with its parent company Suzuki, is embarking on the development of electric air copters, a project poised to revolutionize urban mobility. According to a report, these innovative air copters will be larger than drones yet smaller than conventional helicopters, with a capacity to carry at least three passengers, including the pilot. The company’s ambitious plan is to[Read More…]
BorgWarner has secured a contract with Chinese OEM to supply its dual inverter with boost function on a series of the automaker’s plug-in hybrid (PHEV) and range extended (REEV) electric vehicle passenger car platforms. The boost module is directly integrated into the 400V dual inverter to achieve a higher power density as well as meet local hybrid architecture standards within[Read More…]
The Group intends to produce electric cars and commercial vehicles at the same price as combustion engines The JSW Group, with ambitious plans to invest ₹40,000 crore in electric vehicle (EV) projects in Odisha, is on a mission to transform the automotive industry. Sajjan Jindal, Chairman and Managing Director of JSW Group, disclosed the company’s vision to produce high-quality batteries[Read More…]
Lumax Cornaglia Auto Technologies Private Limited (“LCAT”), a subsidiary / joint venture Company between Lumax Auto Technologies Limited (“LATL”) and Cornaglia s.p.a., Italy, has expanded its operations by opening a new manufacturing facility at Chakan in Pune. LCAT is engaged in the business of providing emission products i.e. Air Filters, Fuel Tanks, etc. for both two-wheelers and four-wheelers. The new facility is spread[Read More…]
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) revealed a comprehensive launch plan for the fourth quarter of FY 2023-24 and FY 2024-25. A total of 30 launches are slated to take place from the Satish Dhawan Space Centre in Sriharikota. Among these, half are designated for India’s burgeoning commercial space sector, while the remainder encompass user-funded scientific missions[Read More…]
Mandatory quality control norms for 70 sizes, types of tyres from next year Around 70 types and sizes of tyres, manufactured by more than one company, will come under the mandatory quality control norms from March next year.The department will notify an updated list of total 960 tyre sizes and types by making necessary modification in the previous list of[Read More…]
ASK Automotive Limited, manufacturer of brake shoes and advanced braking systems for two-wheelers, has unveiled plans to venture into a new segment – High Pressure Die Casted Two-Wheeler Alloy Wheels (Licensed Products) for the domestic market. The company has forged a partnership with LIOHO Machine Works Limited, Taiwan, to seek technical expertise in developing this new product line. The collaboration,[Read More…]
Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) announced its unaudited results for Q3 of FY2024. In Q3FY24, the company recorded a net revenue of Rs.3,700 Crs. and achieved an EBIDTA of Rs.563 Crs. clocking a remarkable growth of 61% compared to the same period last year. Notably, the net debt at Rs.3,456 Crs. registered a 24%[Read More…]
