Under the share purchase agreement, Schaeffler India Limited will acquire all 100% shares of KRSV Innovative Auto Solutions Private Limited.
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Latest NewsMOTORSPORT
Verstappen Triumphs at Dutch GP, Equals Vettel’s Record
by Biplab Dasby Biplab DasBy claiming this win, Verstappen matched Sebastian Vettel’s decade-old record of nine consecutive race victories, set in 2013.
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The All-New Toyota Rumion will be available in six grades, with ex-showroom prices ranging from INR 10,29,000 to INR 13,68,000.
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The new 1922 CNG truck boasts four loading span options, ranging from 20 feet to 32 feet, providing customers with different choices.
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The acquisition is valued at INR 103 crore, signaling Gulf Oil’s strategic move to strengthen its presence in the rapidly growing EV market.
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Estimates suggest that the strike could lead to operating losses amounting to up to 1 trillion won, thus exerting substantial financial pressure.
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This strategic move by BYD aims to broaden its customer base and product range while capitalizing on Jabil’s sectoral growth potential.
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As a significant aspect of the agreement, Xpeng is set to introduce an A-class model under a new brand, tentatively named MONA.
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SMEV points out that the Ministry has previously verified that the claimed subsidies were indeed passed on to customers and subsequently reimbursed to OEMs.
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The updated i20 encompasses safety features and top-notch connectivity, presenting a comprehensive package for its segment.