SBI AMC, Birla AMC and Invesco MF Likely to Join Ather IPO as Anchor Investors
Electric two-wheeler maker Ather Energy’s IPO is set to get off to a strong start with SBI Asset Management Company (AMC) slated to be the chief anchor investor, according to sources in the know. Other prominent domestic investors joining as anchor investors include Birla AMC and Invesco Mutual Fund. The IPO is scheduled to open […]
Marelli Unveils New Automotive Lighting Technologies at Auto Shanghai 2025
Marelli, a global technology supplier to the automotive industry, revealed three new lighting technologies at Auto Shanghai 2025 on Tuesday, including what it claims is the world’s first OLED TFT application in a rear lamp. The company is showcasing its “Pixel Rear Lamp,” “Near-Field Ground Projection” system, and “Thin Lit Line Headlamp” at the Shanghai […]
Ather Cuts IPO Size, Offer Opens on Monday
Electric two-wheeler manufacturer Ather Energy has reduced the size of its upcoming initial public offering, according to the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI). The Bengaluru-based automaker is looking to raise Rs 2,626 crore from the fresh issue, down from its earlier target of Rs 3,100 […]
Hyundai unveils next−gen highly efficient hybrid system
Hyundai Motor Group has unveiled its next-generation hybrid powertrain system, delivering a new standard for power and efficiency. With this advanced system, the Group plans to offer a range of industry leading new products within the hybrid vehicle segment. The next-gen hybrid system features a new transmission with two integrated motors that can be paired […]
Rosmerta Group Launches MyRaasta COCO Garage in Gurgaon, Expanding Automotive Service Portfolio
Rosmerta Group announced today its entry into the direct-to-consumer automotive service market with the launch of MyRaasta COCO Garage in Gurgaon. The 11,000-square-foot facility marks the company’s expansion beyond mobile servicing into physical garage operations, offering comprehensive maintenance solutions for Indian car owners. The new garage combines Rosmerta’s existing doorstep services with in-facility repairs, providing […]
Renault Opens Design Centre in Chennai as Part of India Transformation Strategy
Renault India inaugurated a new design center in Chennai on Tuesday, marking the beginning of its ‘renault.rethink’ transformation strategy for the Indian market. The facility, spanning 1,500 square meters, is the company’s largest design center outside France. The center will focus on developing models tailored to Indian consumers while contributing to Renault’s global projects. Equipped […]
Jindal Stainless Commissions Odisha’s Largest Captive Solar Plant
Jindal Stainless and AB Energia Solutions have completed installation of Odisha’s largest captive industrial solar energy plant at Jindal’s manufacturing facility in Jajpur. The 30 MWp capacity installation combines a 7.324 MWp floating solar system on an internal reservoir with a 23.02 MWp rooftop installation spread across ten industrial buildings. The facility is expected to […]
Mercedes-Benz GLB 7-seater SUV discontinued in India
Share via: The Mercedes-Benz GLB has been delisted on the brand’s website even as its electric equivalent – the EQB – continues to be on sale. …Read More Mercedes GLB takes inspiration from GLS, the only other three-row SUV from the company in India. (HT Auto/Sabyasachi Dasgupta) Mercedes-Benz India has pulled the plug on its […]
Hyundai Motor Group unveils its next gen hybrid system. Will it power the upcoming Creta and Seltos?
Share via: At the center of the new system is a reworked hybrid transmission that unites two built-in motors—P1 and P2. The P1 motor handles start-up, energy recovery, and power assistance, while the P2 is in charge of propulsion and regeneration. …Read More Hyundai claims that the system offers increased fuel economy, fewer emissions, and […]
Skoda Kodiaq vs BYD Sealion 7: Which premium SUV will you go for
Share via: The Skoda Kodiaq is priced at ₹46.89 lakh for the Sportline and ₹48.69 lakh for the Laurin & Klement variant. In comparison, the BYD Sealion 7 ranges from ₹48.90 lakh to ₹54.90 lakh for the Premium and Performance trim levels respectively. …Read More While the Skoda Kodiaq is only available with a petrol […]
Proposed Safeguard Duty on Steel Imports Raises Alarm Bells for Indian Construction Equipment Sector: ICEMA
The Indian construction equipment (CE) industry has expressed deep concern over the proposed imposition of a 12% safeguard duty on steel imports, cautioning that such a move could severely impact the sector’s operations and hamper infrastructure development across the country. The industry’s concerns were voiced the Indian Construction Equipment Manufacturers Association (ICEMA), in a detailed […]
Tata Power Renewable Energy and Tata Motors Partner for 131 MW Wind-Solar Hybrid Project
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Power Purchase Agreement (PPA) with Tata Motors Limited to co-develop a 131 MW wind-solar hybrid renewable energy project. This initiative is set to provide clean electricity exclusively to six Tata Motors manufacturing facilities across Maharashtra and Gujarat. Expected to generate nearly […]