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Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion

Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion

autherAutocar Professional Bureau     calendar03 Aug 2023

Temasek will invest Rs 1,200 crore in the form of Compulsorily Convertible Preference Shares (‘CCPS’) at a valuation of up to Rs 80,580 crore, resulting in Temasek’s ownership of a 1.49% to 2.97% stake in MEAL, the company said in a stateme...

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Toyota Kirloskar Motor unveils all new Vellfire in India at Rs 1.20 crore
Toyota Kirloskar Motor unveils all new Vellfire in India at Rs 1.20 crore

By Satvik Khare, Autocar India calendar03 Aug 2023

New Toyota Vellfire shares its underpinnings with the Lexus LM.

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Medikabazaar partners with B:Live to offer EV delivery options
Medikabazaar partners with B:Live to offer EV delivery options

autherAutocar Professional Bureau calendar03 Aug 2023

The first batch of EV 2Ws has been delivered to their respective hubs in Mumbai, Pune, Hyderabad, Bengaluru, Kolkata, ...

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SIAM drives circular economy with an extended producer responsibility seminar
SIAM drives circular economy with an extended producer responsibility seminar

autherAutocar Professional Bureau calendar03 Aug 2023

The seminar emphasised how effective EPR implementation can contribute to an Aatmanirbhar Bharat, Circular Economy, De...

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BorgWarner secures contract to supply HV coolant heaters to an OEM for its EV platforms
BorgWarner secures contract to supply HV coolant heaters to an OEM for its EV platforms

autherAutocar Professional Bureau calendar03 Aug 2023

The 800V HVCH is the first heater of its kind to be launched in North America and highlights the company’s first 800V ...

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ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp's Munjal, some others: PTI
ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp's Munjal, some others: PTI

autherAutocar Professional Bureau calendar03 Aug 2023

The federal agency raided the residence and offices of the 69-year-old billionaire businessman, the promoter of India'...

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Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent
Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent

autherAutocar Professional Bureau calendar03 Aug 2023

Korean automaker makes strategic investment in Canada-based Tenstorrent to integrate AI into future Hyundai, Kia and G...

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Hyundai Group to use Qualcomm’s Snapdragon cockpit platforms for PBV infotainment
Hyundai Group to use Qualcomm’s Snapdragon cockpit platforms for PBV infotainment

autherAutocar Professional Bureau calendar03 Aug 2023

Purpose-built vehicles (PBVs) from the Hyundai Motor Group to feature Qualcomm’s most advanced, AI-enabled Snapdragon ...

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Multi-stakeholder report on road safety prioritises tech implementation in school buses, hazardous materials-carrying vehicles
Multi-stakeholder report on road safety prioritises tech implementation in school buses, hazardous materials-carrying vehicles

By Mayank Dhingra calendar02 Aug 2023

The report which is compiled by FTI Consulting incorporates inputs from MoRTH, ARAI, CSIR-IIP, STUs, and technology gi...

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Pricol Q1 net profit up 55% at Rs 32 crore
Pricol Q1 net profit up 55% at Rs 32 crore

autherAutocar Professional Bureau calendar02 Aug 2023

The company had registered a standalone profit of Rs 20.6 crore in the corresponding quarter of the previous year.

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MOST READ

POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

42.33%

No

 

57.67%

Total Votes : 326