Browsing: Market Updates

Gagandeep Reehal, CEO and Co-founder, of Minus Zero said: “With India taking a strong stance in the global AI race, close collaboration between industry and academia is crucial to foster an ecosystem that incentivizes researchers to pursue foundational AI research in India, rather than catching up on trends from the West. This partnership marks an important step in this vision to foster a culture of collaborative and open research in AI & autonomous driving technology in India for the world.”

Abhishek Poddar, India Country Head, Macquarie Group, said: “The transition to electric vehicles will bring significant benefits to India – increasing its energy independence and mitigating the impacts of climate change. Vertelo aims to play a key role in accelerating this transition by making it easy for its customers to realise the benefits of going electric immediately.”

Ola, the ride-hailing services provider, has announced the cessation of its operations in the UK, Australia, and New Zealand, opting…

General Motors (GM) has recognized HARMAN, an automotive electronics technology company and a subsidiary of Samsung Electronics Co., Ltd. focused on delivering consumer experiences at automotive grade, as a 2023 Supplier of the Year. GM celebrated honorees at its 32nd annual Supplier of the Year awards ceremony in Miami, Florida last week.

Says Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions, “It is a remarkable milestone that highlights the significance of our digital capabilities, scalability and adaptability that ensured we stayed in line with our customers’ evolving requirements.”

Vishwanath Rao, Managing Director, Altair India, commented on the opening of the new office, stating: “The decision to establish a presence in Chennai reflects Altair’s commitment to providing localized support and expertise to our valued customers across India. With our expanding customer base and growing demand for engineering simulation solutions, Chennai presents an ideal location to strengthen our operations and better serve the needs of our customers.”

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia.

Xiaomi’s stock experienced a significant surge on Tuesday, marking its first day of trade following the debut of its first…

Tata Motors Limited sales in the domestic & international market for Q4 FY 2023-24 stood at 2,65,090 vehicles, compared to…

Bajaj Auto is set to unveil a motorcycle powered by CNG, slated for release in June 2024, according to Rajiv Bajaj, the Managing Director. Addressing queries, Bajaj acknowledged the primary challenge of accommodating a gas cylinder on a motorcycle, unlike in four-wheelers and three-wheelers where space allows.