Modulus Alternatives infuses INR 105 crore in Shivam Autotech, commits total investment of INR 150 crore, ET Auto

Shivam Autotech, a Hero Group company, is Modulus Alternatives’ 16th investment, thus taking the total invested capital to INR 1,895 crore in the private credit platform, it said. Private credit platform Modulus Alternatives Investment Managers Ltd on Wednesday said it has infused INR 105 crore in transmission gear and shafts maker Shivam Autotech as part…

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Panasonic plans battery plant in India under PLI, Auto News, ET Auto

High-level delegation from Panasonic discusses plans for battery manufacturing plant in India with government officials, exploring opportunities in the growing electric vehicle market. As Elon Musk’s Tesla makes strides to enter the Indian market, Panasonic, its biggest supplier of batteries, is coming close to finally setting up a battery manufacturing plant in India under the…

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United Nations Works to Ratify the High Seas Treaty

This article is part of our special section on the Climate Forward event that will include policy and climate leaders from around the world. When delegates from countries around the world meet this week at the United Nations, they will begin to ratify a landmark agreement for environmental conservation, climate-change mitigation and biodiversity protection that…

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CUPRA DarkRebel Showcar will be unveiled at the IAA Mobility 2023 in Munich

The CUPRA DarkRebel Showcar will be unveiled at the IAA in Munich, pushing the boundaries of design and performance. Presented in April at the CUPRA Exponential Impulse Event in Berlin, the digital model has challenged conventional design, using the latest technologies applied to video game development. It’s also been a collaborative experience with the CUPRA…

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Ford Recalls 35,000 Mustang Mach-Es Citing Battery System Hazard

Ford is recalling 34,762 Mustang Mach-E electric crossovers due to the potential risk of overheating in the high-voltage battery main contactors. The models affected were manufactured between May 27, 2020, and May 24, 2022, and are extended-range rear-wheel-drive, all-wheel-drive, and GT versions. The National Highway Traffic Safety Administration’s (NHTSA) safety recall report states that DC…

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