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Amara Raja Batteries to sell & transfer new energy business to wholly owned arm ARACT Rs 167 crore consideration

 Amara Raja Batteries Limited, a manufacturer of industrial and automotive batteries, announced on Wednesday that its board of directors had approved the sale and transfer of its new energy business to its wholly owned subsidiary Amara Raja Advance Cell Technologies Pvt Ltd through a slump sale arrangement on a going-concern basis. According to the business…

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Mahindra XUV400 Electric SUV Bookings Open-

Mahindra has opened the order books for the all-electric XUV400 in India. The carmaker had previously announced prices for its all-electric SUV which is available in two variants – EC and EL. Prices for the electric SUV start at Rs 15.99 lakh and go up to Rs 18.99 lakh (ex-showroom). The prices are introductory and…

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Suzuki Announces Growth Strategy for FY2030

 Suzuki Motor Corporation announced its Growth Strategy for FY2030. With the motto to deliver “value-packed products” by focusing on the customer, Suzuki will carry out its unique Growth Strategy for FY2030 by operating under the principle of manufacturing “Sho-Sho-Kei-Tan-Bi (Smaller, Fewer, Lighter, Shorter, Beauty)”, “Lean Management” which emphasizes flexibility, agility, and the challenging spirit, and…

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OKINAWA AUTOTECH INAUGURATES ITS FIRST-EVER EUROPEAN R&D CENTRE IN PARTNERSHIP WITH TACITA

 ~ PLANS TO INVEST EUROS 25 MILLION ON NEW PRODUCT DEVELOPMENT INCLUDING IN-HOUSE E-POWERTRAIN ~   ~ TO UNVEIL ELECTRIC CRUISER MOTORCYCLE SOON ~   Okinawa Autotech, a leading Indian electric two-wheeler manufacturer in strategic development today announced the inauguration of its first Research and Development (R&D) Center in Italy, Europe, in association with its…

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Budget Expectation Quote from Kinetic Green

 With reference to Union Budget 2023 expected on 1st February, please find below the Budget Expectation quote from  Kinetic Green “2022 was a significant year for the EV sector in India. The industry saw EVs outnumbering ICE in the three-wheeler sector, a significant rise in sales of EVs, and the initiation of EV component manufacturing…

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