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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2023 Hyundai Verna to offer segment-first dual 10.25-inch screens and switchable controllers

Hyundai Motor India Ltd (HMIL) is set to launch the new generation 2023 Hyundai Vea in India on March 21, and ahead of its global debut, the company continues to showcase the sedan's highlights in a bid to build excitement. This time, Hyundai revealed that the 2023 Hyundai Vea will offer some unique...

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Discounts of over Rs. 90,000 on Skoda Slavia and Kushaq in March 2023

Select Skoda dealers nationwide offer discounts on Skoda Slavia and Skoda Kushaq this month. These can be availed in the form of cash discounts, corporate benefits and exchange bonuses. Here is a list of model-wise discount offers.  Skoda Slavia This month, HDFC Bank Infinia and Regalia card ...

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Continental predicts higher margins; Russia operations will be sold

Berlin - Continental expects the increase in sales to drive the margins this year, as it moves beyond supply-chain disruption and the impairments in Russian assets that in 2022 contributed to a fall in the net income of approximately half, the supplier said in a statement. Announcing the resul...

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