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Toyota begins collaboration with Grab on ride-hailing service in Southeast Asia; MSPF

Green Car Congress

Toyota Motor Corporation (TMC), Toyota Financial Services Corporation (TFS), Aioi Nissay Dowa Insurance (Aioi) and Grab, Inc. Grab offers the widest range of on-demand transportation services in the most markets in Southeast Asia, with more than 55 million app downloads and more than 1.2 Earlier post.).

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Murugappa Group arm-led JV to invest INR 7,600 cr to build OSAT facility in Gujarat – ET Auto

Baua Electric

New Delhi: CG Power and Industrial Solutions Limited, a part of Tube Investments of India Limited and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. The JV plans to invest INR 7,600 crore in five years. The JV will be 92.3%

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Hyundai, Kia invest additional US$250M in Grab; pilot EV projects

Green Car Congress

Southeast Asia’s leading O2O (online to offline) mobile platform, announced an agreement under which Hyundai Motor Company and Kia Motors Corporation will invest an additional US$250 million into Grab and establish a partnership to pilot EV programs across Southeast Asia. Hyundai Motor Group and Grab Holdings Inc., billion raised.

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Khattar inaugurates electric bus services in Panipat – ET Auto

Baua Electric

The fare will range from INR 10 to INR 50 and the route will cover a distance up to 30 kilometers, it said. Khattar, who also holds the portfolio of finance, in his budget speech for the fiscal year 2023-24 had announced that city bus services would be initiated in nine municipal corporations and Rewari city.

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Automotive sector growth momentum to moderate in FY25: ICRA – ET Auto

Baua Electric

On a curtailed base, the 2W segment volumes are estimated to grow by 8-11% in FY2024; the gradual recovery to pre-pandemics highs is expected to continue with 7-10% growth in FY2025 aided by favourable structural factors like rising per capita income, urbanization, financing availability, etc.

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Chrysler's first electric car to be two-seat sports car - Apr. 15, 2009

Tony Karrer Delicious EVdriven

0:00 / 4:40 Battery power for Chrysler The Circuit will be a purely plug-in car - there will be no gas tank or gasoline engine at all - with an expected range of 150 to 200 miles on a full charge. Corporate Average Fuel Economy (CAFE) rules are, as the name implies, based on an average fuel economy of all the vehicles a manufacturer sells.