Browsing: News

Daimler India Commercial Vehicles (DICV), to provide customised financing options for its commercial vehicle clients and dealerships, a wholly-owned subsidiary of Daimler Truck AG has announced a strategic partnership with Bajaj Finance, a division of Bajaj Finserv Group, one of India’s largest financial conglomerates. The goal of this partnership is to make financing options more easily accessible and convenient for all of DICV’s commercial vehicle inventory.

SUPER73, the American lifestyle adventure brand specializing in electric motorbikes, announced its innovative partnership with PedalAce, the premier provider of e-bike safety courses. This collaboration aims to elevate the riding experience by promoting safety, education, and community engagement for eBike enthusiasts across the United States.

AISIN CORPORATION and the BMW Group have agreed on a strategic partnership. The aim of this partnership is a cooperation in the field of build-to-print e-axle production by AISIN based on a BMW Group design.

Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, today announced its financial results for Q1 of FY’25 (April-June 2024). 

Hinduja Tech Limited has signed a definitive agreement to acquire TECOSIM Group, expanding its presence in European and international markets and solidifying its status as a leading provider of mobility engineering services. This acquisition will enhance Hinduja Tech’s global delivery capabilities and provide a nearshore delivery offering for European customers. TECOSIM, with over 650 employees, brings extensive expertise and innovative solutions, strengthening Hinduja Tech’s market reach and service offerings. The deal is expected to close in the coming months, pending regulatory approvals.

Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, together with ITD Industries, opened the first commercial hydrogen refueling station for the heavy-duty transportation sector in Ontario. The station, located at ITD Industries’ headquarters in Etobicoke, ON, is situated at 161 The Westmall, a pivotal location near Highway 401, Highway 427, and the Queen Elizabeth Highway (QEW).

According to the news report from the technology-focused media DIGITIMES Asia, supply chain sources noted that Nvidia collaborates with numerous Tier 1 suppliers and automakers, continuously adjusting and enhancing its platform based on customer feedback and demands. Unlike Tesla, which focuses primarily on cameras, Nvidia’s platform is compatible with various sensory components and systems. Nvidia also has ample computational resources at its disposal, ready to capitalize on the autonomous driving boom whenever it occurs.

Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, on Monday held a joint demonstration for their integrated air taxi service technology in Indonesia, the companies said.

India has seen a rise in ownership of cars in the past decade and more cars means more traffic on the road and more honking. As a result, horn failures have become more common, sparking an increased demand for high-quality OEM spec horns. Customers often face a choice between expensive replacement horns from the manufacturer’s service center or opting for aftermarket alternatives. However, aftermarket options may compromise quality, durability, and safety standards compared to the original part.

BMW Motorrad India has launched its first electric offering – the all-new BMW CE 04 – India’s first premium electric scooter. The urban electric scooter will be available as a Completely Built-up Unit (CBU) in select metropolitan cities in India. Deliveries will commence from September 2024.