Automotive Industry Roundup: News & Updates (April 2024) #AutomotiveNews #IndustryUpdates #CarNews #Vehicles #EVs #Motorcycles #Cars #SUVs #Trucks #AutomotiveSuppliers #PartsMakers Two-wheelers #Motorcycles #ElectricBikes
- Ashok Leyland Builds In-House Software Team for Future M&HCVs, Plans Major Ramp Up #AshokLeyland #CommercialVehicles #Software Ashok Leyland is building an in-house software engineering team for its future medium and heavy commercial vehicles (M&HCVs). The company plans to grow this team by over 6 times in the next 3 years in anticipation of software-defined commercial vehicles. Source: Economic Times
- Ohmium Partners with Tata Projects for Green Hydrogen Initiatives in India #Ohmium #TataProjects #GreenHydrogen Ohmium International, a green hydrogen company, has announced a strategic partnership with Tata Projects to bolster green hydrogen projects in India, combining innovative technology with proven engineering excellence. Source: Ohmium
- Ford Ranger India Sightings Spark Launch Speculations #Ford #Ranger #PickupTruck Sightings of the new-generation Ford Everest and Ford Ranger Pickup near Chennai have sparked anticipation about Ford's potential comeback in the Indian market with these models. Source: Free Press Journal
- Mahindra Scorpio, XUV700, Thar Waiting Period Reduced #Mahindra #SUVs #WaitingPeriod Mahindra has announced reduced waiting periods for its popular SUVs, including the Thar, Scorpio/N, and XUV700, due to increased production capacity and timely availability of components like semiconductors. Source: RushLane
- MatchLog Solutions Raises $1.5 Million in Pre-Series A Funding #MatchLogSolutions #Funding #ContainerLogistics MatchLog Solutions, a sustainable container logistics and supply chain firm, has raised $1.5 million in pre-Series A funding led by Motion Ventures and July Ventures. Source: AutocarPro
- India Seeks Overseas Help for Lithium Processing to Avoid Relying on China #Lithium #LithiumProcessing #EVBatteries India is in talks with several countries, including Australia, the United States, Bolivia, Britain, Japan, and South Korea, seeking partnerships for technical help on lithium processing to bolster its lithium mining and electric vehicle industries. Source: Business Standard
- Neuron Energy Partners with Urja Mobility for E-Rickshaw Fleet Transformation in Kolkata #NeuronEnergy #UrjaMobility #ERickshaws Neuron Energy has partnered with Urja Mobility to transform the e-rickshaw fleet in Kolkata and its vicinity, introducing a battery leasing initiative for the transition to lithium-ion batteries. Source: LinkedIn
- Bounce Infinity, BaaYu Join Forces to Boost Assam's EV Sector #BounceInfinity #BaaYu #EVScooters Homegrown electric scooter company Bounce Infinity has formed a strategic partnership with BaaYu, an EV bike-taxi initiative by Bikozee Ecotech Pvt. Ltd., in association with Assam State Transport Corporation (ASTC), to expand the EV footprint in Assam. Source: CNBC TV18
- Bolt.Earth Secures ARAI Certification for Advanced EV Chargers #Bolt.Earth #EVChargers #ARAICertification Bolt.Earth has achieved a significant milestone by obtaining ARAI (Automotive Research Association of India) certification for its level 1 and 2 charging solutions, ensuring the highest standards of safety during charging operations. Source: eMobilityPlus
- Pavna Readying New Plant in Hosur for TVS Motor, Ola Electric #Pavna #AutoParts #EVComponents Auto parts maker Pavna is readying a new plant in Hosur to cater to TVS Motor, Ola Electric, and other two-wheeler players in the southern regions, while also planning to reboot its oldest plant in Aligarh into a world-class facility by 2028. Source: Economic Times
- Suprajit Engineering Limited Sets Up Wholly-Owned Subsidiary in Germany #Suprajit #Subsidiary #Germany Suprajit USA Inc, a wholly-owned subsidiary of Suprajit Engineering Limited, has set up its wholly-owned subsidiary in Germany, named "Suprajit Germany GmbH," to meet operational requirements. Source: NSE
- CIE Automotive India Limited Acquires Stake in Ojaha Renewables Private Limited #CIEAutomotive #Acquisition #RenewableEnergy CIE Automotive India Limited has informed the Exchange about its wholly-owned subsidiary, CIE Hosur Limited, acquiring a stake in Ojaha Renewables Private Limited through a Share Subscription and Shareholders Agreement. Source: NSE
- Himadri Speciality Chemical Limited Reports Q4 and FY2024 Results #HimadriSpecialityChemical #EarningsReport #CapexAnnouncement Himadri Speciality Chemical Limited has reported its results for the quarter and year ended March 31, 2024, announcing a brownfield expansion of a new speciality carbon black line of 70,000 MTPA at an estimated capex of ₹220 crores. [Source: NSE](https://nsearchives.nseindia.com/corporate/HSCL_25042024165637_Pressrelease_