Volvo on Thursday announced a new business unit focused on tapping into the potential of EV bidirectional charging. Volvo Cars Energy Solutions will offer “energy storage and charging-related technologies and services,” according to a company press release. But that won’t be a reality in the U.S. until the launch of the Volvo EX90, the first…
The JioMotive device comes with a range of key features that enhance the overall car experience. Telecom major Reliance Jio has introduced a new OBD (on-board diagnostics) device — JioMotive– that can transform any car into a smart vehicle. This pocket-size device is easy to install and simply needs to be plugged into the car’s…
The project, which is funded by the German Federal Ministry for Economic Affairs and Climate Action and financed by the European Reconstruction and Resilience Facility, started on January 1, 2023, and is designed to run for around three years. New Delhi: Continental is digitalizing the entire production process for automotive components. To this end, the…
Polestar and South Korean battery manufacturer SK On have signed an agreement on the supply of battery cell modules for the forthcoming Polestar 5 electric 4-door GT. Polestar chose SK On due to its superior battery cell technology that offers high-performing chemistry, fast charging, efficient discharging, and superior driving range. The high-nickel battery cell modules…
Gogoro Inc. (Nasdaq: GGR), a prominent technology innovator in battery-swapping ecosystems designed to foster eco-friendly urban mobility solutions, unveiled a Memorandum of Understanding (MoU) in collaboration with Hindustan Petroleum Corporation Ltd. (HPCL), a significant player in the Indian oil industry boasting over 21,000 retail outlets. Gogoro Battery Swap System Boasting a greater presence in Taiwanese…
EBITDA margin at 27.4% in Q2 FY24 was up 330 bps YoY. Improved product mix and higher capacity utilization contributed to the superior operational performance New Delhi: During Q2 FY24, Bharat Forge Limited registered a strong performance across segments & geographies, with robust YoY growth of 20.7% in revenues and 29.3% in profitability. Revenues at…
October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8%…
HPCL (Hindustan Petroleum Corporation Ltd), a public sector oil marketing firm, has over 21,000 retail outlets, it added. Nasdaq-listed battery swapping company Gogoro on Monday said it has signed an initial pact with HPCL to set-up battery swapping stations across the country in the coming years. As part of the collaboration, Gogoro will develop a…
The AVTR 1922, powered by Liquefied Natural Gas (LNG), is built on the AVTR platform and shares a high degree of commonality with Ashok Leyland’s existing diesel truck range. New Delhi: Ashok Leyland, the flagship of the Hinduja Group and India’s leading commercial vehicle manufacturer, Monday delivered the first batch of India’s first LNG-powered haulage…
Alexander Dennis, a subsidiary of NFI Group Inc., one of the world’s leading independent global bus manufacturers, launched its next generation of battery-electric buses for the UK and Ireland with the unveiling of the new Enviro100EV small bus and Enviro400EV double decker. They provide a step change in performance and are part of a wider…
