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Electric vehicle (EV) maker Rivian debuted a new software update this week, and as part of it, the company has started rolling out a hands-off driving assistance system. Owners can purchase the upgrade from the Rivian mobile app or account page, and it will be downloaded to the vehicle through an over-the-air (OTA) software update.
Tata Technologies, which provides engineering services to auto, aero and heavy machinery makers, will set up skilling centres in 50 government-run industry training organisations. The latest investment is part of a larger commitment from Tata Group companies, such as Tata Consultancy Services and Tata Advanced Systems, to expand in the state.
The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain. billion) investment.
In fact last year, the company sought approval from the Competition Commission of India (CCI) to acquire a 24.5% This is merely a financial investment without providing the company any special rights in Pricol other than the rights as a shareholder,” Minda Corp had then said. In February last year, Minda Corp acquired a 15.7%
Kartik Gupta, Ola mobility New Delhi: About two weeks after the resignation of Ola Mobility CEO, the company’s Chief Financial Officer Kartik Gupta has also resigned from the company. Ola Mobility said that Gupta’s exit is part of the company’s restructuring exercise. Gupta joined the company seven months ago.
The two companies will announce the location for the factory, which should cost a “few hundred million dollars” in the near future, CEO Vincent Pluvinage told Reuters. The company says the process also saves money for automakers seeking affordable EV models. Nanowires are ultra-thin wires.
The likely decline in profit also reflects a strong performance in 2022, when the company, whose customers include Apple and Nvidia, was still riding high on pent-up post-pandemic demand. billion in the year-earlier period, but that still beat both the company’s and market’s expectations. billion ($7.21 billion ($20.10
Automatic Labs and Ford Motor Company announced a joint experimental collaboration to improve the driving experience for Ford & Lincoln vehicle owners. Ford is always looking for new ways, including working with other innovative companies, to improve our customers’ experience. Click to enlarge. Behavior Connected vehicles'
Ola’s MoveOS is one of the most advanced software platforms for scooters that the company has upgraded every year to future proof the vehicles for its customers and enrich their riding experience. S1 X+ will get the upgrade in the coming months, the company said in a media release.
The company has also patented an E-Scooter rental management system and a leasing program, both of which have received widespread recognition. a prominent innovator in electric two-wheelers and AIOT smart sharing mobility, has begun discussions with key Indian automotive companies for a substantial technology transfer.
The metal was once known mainly for making stainless steel; now demand has skyrocketed as automakers like Tesla need it for electric vehicle batteries and companies that make larger batteries need it for clean electricity projects. The company said it strives to protect water and has launched coral and mangrove planting programs.
Ride-hailing major Ola Cabs ’ chief executive Hemant Bakshi is leaving the firm just three months after he joined the company, people in the know told ET. Ola Cabs founder Bhavish Agarwal continues to be the chairman and managing director.
The two previous datasets have been downloaded 5,000 times and the new images and videos from the European dataset will be added to the growing library of available video and images to further speed up CNN training of thermal data. Similar to the previously released thermal imaging datasets for San Francisco, Calif. and Santa Barbara, Calif.,
Ajay Gopalswamy , founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up. The company has delivered more than 1,000 projects to some 300 customers across 15 countries.
The Chennai-based startup said the chip will allow local companies to use an Indian SoC in their products and help reduce the cost of their devices, without compromising on high-end features. The company said it is the only Indian chip that is commercially available in this segment. .
A newly-established Portuguese company backed by a wealthy business conglomerate is hoping to build two lithium refineries in the Iberian Peninsula by 2030, its chief executive said on Tuesday. Lifthium estimates the projects would together cost around 1 billion euros (USD 1.1 “We also have to respond to these challenges.”
The five largest auto manufacturers will face massive U.S. This report examines auto industry lapse trends and how a company’s decisions on keeping, selling or pruning patents can greatly impact its cost savings and revenue generation opportunities. patent fees within the next five years. Volume 2 of the U.S.
Gupta highlighted that Auto LPG, described as a ‘Net Zero Hero,’ generates 20% less CO2 than petrol and 60% less than diesel. Suyash Gupta , Director General of IAC, has reached out to the executives of these companies, emphasizing the significant advantages of Auto LPG. million tonnes.”
Revenue from the company’s vehicle sales division rose 3.5% The Dallas-based company, which primarily provides services to sell damaged and total-loss vehicles to used-car dealers and dismantlers, has benefited from robust volumes of salvage vehicles. Revenue from the company’s vehicle sales division rose 3.5%
The company also plans to expand its testing to Delhi-NCR in the coming weeks. Namma Yatri , a zero-commission ride-hailing service , has begun piloting auto and cab rentals in Bengaluru and Chennai. This move positions Namma Yatri as the first ride-hailing service to pilot auto rentals in India.
Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. The company has benefited from automakers rushing to put out vehicles with smaller engines that are powerful and meet modern emission norms. to USD 4.00. to USD 4.00.
The company, which reported the cyber attack last week, did not immediately respond to a Reuters request for a comment. auto dealers to switch back to manual paperwork. .” auto dealers to switch back to manual paperwork. CDK’s software is used by over 15,000 retail locations in the United States.
Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5% On an adjusted basis, the company earned USD 36.69 to about USD 4.24 Analysts on average were expecting AutoZone to report third-quarter net sales of USD 4.29 per share, according to LSEG data.
billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others. India’s total vehicle production during the January-March period rose over 21%, which in turn also helped expand the auto parts demand. Net profit rose to 5.65 billion rupees (USD 67.99
We thank Vishnu Johri for his leadership to the organisation and wish him well, for all his future endeavours,” the company said in a media release. Ketkale is already hands-on with the organisation’s operations and we look forward to his leadership,” the company said. Johri has decided to move on for personal reasons. “We
The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh , to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia , Secretary of Mines V.L.
Legacy systems and software, lack of standardization, and varying nomenclature across companies further exacerbate the cybersecurity challenges in the automotive supply chain. This complexity serves as a breeding ground for vulnerabilities, posing significant challenges for cybersecurity teams.
This strategic collaboration aims to leverage the strengths of both companies to provide a comprehensive range of products that cater to the evolving needs of automotive consumers. The new product line will include high-quality car accessories and premium car care solutions designed to enhance vehicle performance, aesthetics and longevity.
As of December last year, the company had nearly 800 full-time employees in the U.S., The plan will be implemented immediately and lead to an annual reduction in operating costs by USD 50 million to USD 65 million post completion by this year’s end, the company said. Germany, Sweden, India and China.
Hindalco Industries , the world’s largest aluminium rolling and recycling company, is looking at a bigger play in the auto component business by leveraging the growing electric vehicle (EV) industry, said people aware of the company’s plans.
New Delhi: Hyundai Mobis , South Korea’s leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year. Hyundai Mobis is considering investing not only in startups but also in listed companies, he added.
subsidiary after discovering it forced subcontractors to store auto parts molds without paying the costs, local media reported on Sunday. Japan’s antitrust watchdog plans to issue a warning to a Toyota Motor Corp. Toyota Customising & Development Co. The subsidiary, in which Toyota holds a 90.5%
And while the private space company formally dropped the “Beta” wording for its satellite internet service, SpaceX also warned customers that the ongoing worldwide chip shortage is delaying orders. SpaceX recently introduced some updates to its official Starlink website.
The company achieved the highest sales for the quarter and fiscal year with sales to OE customers growing 18%. Auto component company Rane Brake Lining saw a 28% jump in net profit for Q4FY24 at INR 15.4 The company announced a dividend of INR 30 per equity share on the paid up capital of 77,29,871 of INR 10 each.
Dinesh, who watched a mother grieving from the accidental deaths of her children, started building drones for improving healthcare facilities in rural India, according to the company’s website.
New Delhi: Kinetic Engineering Limited (KEL), the flagship of Kinetic Group and a leading auto component manufacturer , has reported 86% growth in FY24 profit at INR 5.22 The company has set a revenue target of INR 200 crore – INR 250 crore for the fiscal year 2024-25. cr – ET Auto appeared first on Bauaelectric Auto News.
The company has not disclosed details regarding the number of vehicles under Uber Green or specific expansion plans for the service in Kolkata. According to the company, EV drivers on Uber are adopting electric vehicles five times faster than the general public. This includes routes to and from Kolkata international airport.
Auto components manufacturer Samvardhana Motherson International Ltd reported a consolidated net profit of INR 1,444 crore for the fourth quarter ending March 2024, marking a substantial increase from the INR 699 crore posted in the same period last year. Shares of Samvardhana Motherson International Ltd closed 3.98 per share on the BSE.
Auto components maker Uno Minda on Wednesday said it has tied up with China’s Suzhou lnovance Automotive Co for production of electric vehicle components. The company aims to further strengthen the partnership by transitioning it into a joint venture , subject to necessary approvals, it added.
Toyota Kirloskar Motor is expanding its used car business to key cities , with the recent opening of its first company-owned Toyota Used Car Outlet (TUCO) in New Delhi , branded as Toyota U-Trust. The move comes as the Indian used car market is projected to grow at a CAGR of 8%, currently surpassing the size of the new car market by 1.3
With the new introductions, Volkswagen has 18 service and 22 sales outlets in the state, making the brand more accessible to customers, the company said. Volkswagen is now represented across 158 cities with 145 service and 213 sales and pre-owned car touch points, the company said.
The company has also catered to luxury car owners through its GoMechanic Luxe service line, launched in August last year. GoMechanic, now India’s largest after-market auto service network , has seen its service revenue triple post-acquisition by Servizzy.
Zimbabwe ‘s state-owned Kuvimba Mining House has signed a 310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday. Zimbabwe currently does not refine lithium, but exports concentrates to China for further processing.
New Delhi: Skoda Auto India has implemented one more enhancement in its 5-star safe fleet — the introduction of the Kushaq Onyx AT at INR 13.49 Petr Janeba , Brand Director, Skoda Auto India, said, “The Onyx variant has been a key addition in our line-up combining the value of the Active trim with features from the higher variants.
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