Petronas offers $460 million for stake in India's NTPC's green arm'

NEW DELHI: Malaysia's Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India's largest power producer NTPC in the first such deal of its kind by a state-run firm, three sources told Reuters. The offer price was higher than the Rs 30 billion NTPC ha...

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Volkswagen joins China price war as new emissions rule looms

SAIC Volkswagen Automotive Co is offering 3.7 billion yuan (USD 537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of emissions rule changes in the world's largest auto market. SAIC-VW said on its WeChat account that the joint v...

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Volkswagen lays out details of planned affordable electric car

Volkswagen on Wednesday laid out the details of a planned all-electric vehicle that will cost under €25,000 ($26,790), part of the German automaker's push to generate 80% of Volkswagen's passenger brand's sales in Europe from all-electric vehicles by 2030. Volkswagen said the vehicle with a ra...

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Hyundai signs Term Sheet for potential purchase of GM India Talegaon Plant assets

Gurugram: Hyundai Motor India Limited (HMIL), India's first smart mobility solutions provider and largest exporter since inception, on Monday signed a 'Term Sheet' for the potential acquisition of identified assets related to General Motors India, Talegaon Plant, Maharashtra. The term sheet covers ...

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Kia India begins delivery for defence personnel through the CSD facility

Kia India has entered the operations of Canteen Store Divisions (CSD) as a registered seller, offering its vehicles to serve the country's defense personnel. Under this scheme, members of the Indian Armed Forces, ex-servicemen and their families will be able to get Kia vehicles at discounted pr...

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Changing trends in urban mobility options, consumer demands

The Indian automotive sector needs to be aware of today's customers and their growing awareness of the impact they make when purchasing a vehicle. A few decades ago, different parameters defined a family vehicle. Model, make, utility, after-sales service, and resale value are all important when buyi...

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Kerala based automotive software company Acsia, acquires German start-up

Thiruvananthapuram: Acsia Technologies Private Limited, a technopark-based global automotive software research and development company, has acquired Arcticte Solutions GmbH, a German start-up automotive software services company. Acsia, which provides end-to-end solutions and services to automakers ...

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Car manufacturers sitting on 800,000 pending orders

The Semiconductor shortage might have eased, but the queue for new hot-selling cars continues to get longer. As on date, passenger car makers have around 800,000 bookings yet to be delivered, according to industry sources. Around mid-February, deliveries pending were 760,000 units. At the end of the...

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ONE to supply batteries for Shyft electric trucks

Michigan-based startup Our Next Energy, known as ONE, said on Thursday it will supply batteries to Shyft Group for its Blue Arc electric commercial vehicles. ONE is scheduled to provide more than 15,000 battery packs over the next five years for Shyft's Class 3, 4 and 5 trucks. ONE's Aries li...

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