DELHI: 30 Nov. 2023 — High implementation of service advisor actions during pre-service assists original equipment manufacturer (OEM) workshops in a multi-faceted manner, according to the J.D. Power 2023 India Customer Service Index (CSI) Study,SM released today. After a hiatus since 2021, J.D. Power has re-launched the India Customer Service Index Study in collaboration with … [Read more...]

By WAF Think Tank  Škoda Auto Volkswagen India Private Limited has won, not just one, but three prestigious certifications – Great Place to Work® Institute (India), Top Employers Institute and HR Asia Awards (Best Companies to Work For in Asia). This moment is a testament to the commitment and dedication of every member of the incredible team at Skoda VW India! From fostering a culture of … [Read more...]

Source : PTI | Transitioning to a more sustainable and carbon-neutral future will require USD 13.5 trillion in investments by 2050, particularly in the production, energy and transport sectors, a new World Economic Forum report said on Tuesday. The report noted that major producing countries and regions such as India, China, the US, and EU have now committed to net-zero targets, making it … [Read more...]

MOSCOW, Nov (Reuters) – Furloughed workers at Volkswagen’s former plant in Russia are being offered redundancy, according to the union representing them, as the new owners struggle to find a partner to resume output six months after VW finalised its exit from the country. The plant, in Russia’s Kaluga region south of Moscow, has annual production capacity of 225,000 cars, but Russia’s invasion of … [Read more...]

LONDON, Nov (Reuters) – Uber (UBER.N) will open up its platform to London’s black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital’s taxis after a decade of tensions. London’s black cab drivers – who have to pass a test called “The Knowledge” requiring them to memorise thousands of routes within the city – have long been at loggerheads with Uber, … [Read more...]

HONG KONG/SHANGHAI, Nov (Reuters) – Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said. The Chinese company said on Sunday it will spin off its four-year-old Intelligent Automotive Solution (IAS) business … [Read more...]

TOKYO, Nov (Reuters) – Toyota (7203.T) and two affiliates will divest at least 8% of supplier Denso (6902.T), the companies said on Wednesday, a $4 billion deal that sparked investor hopes the world’s top-selling automaker will shed more of its numerous cross-shareholdings. The share sale, which was first reported by Reuters on Tuesday, will be Japan’s second biggest this year and the … [Read more...]

Aftermarket refers to the set of activities that happen after an OEM sells a product or service. It includes repair, service, replacement, warranty, and much more. Although it doesn’t sound much of a hassle, managing the entire aftersales activities is not only hectic and cumbersome but also cost-intensive. Managing parts and services poses multiple challenges for businesses. In this blog, we will … [Read more...]

Source : PTI | The Centre on Tuesday ordered the revocation of restrictions under Stage-III of GRAP in the entire NCR with immediate effect, following improvement in air quality. The Commission for Air Quality Management in National Capital Region and Adjoining Areas (CAQM), a statutory body responsible for formulating strategies to combat pollution in the region, met on Tuesday in view of the … [Read more...]

Summary India’s No. 1 e-scooter maker faces challenges ahead of IPO Some service centres have big backlogs, long repair times Ola’s CEO says it’s aggressively expanding service network THANE/HYDERABAD/NEW DELHI/MUMBAI, Nov (Reuters) – Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics … [Read more...]

SINGAPORE, Nov 28 (Reuters) – Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA) (LCAA.O). All of the financing was secured based on a $5.5 billion valuation, China-headquartered Lotus Technology said in a … [Read more...]

SHENZHEN, China, Nov (Reuters) – Huawei Technologies (HWT.UL) said some of its automotive partnerships, having gained skills in user experience, product design and marketing, were now ready to move towards independent operations and investment. Huawei’s managing director and chairman of its smart car solutions unit Richard Yu made the comments while speaking at a launch event in Shanghai for the … [Read more...]

Summary Group companies to sell about 10% stake by year-end-sources Toyota Motor expected to remain Denso’s top shareholder-sources Denso to buy back shares to offset hit to share price-sources TOKYO, Nov 28 (Reuters) – Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion, … [Read more...]

Source : PTI | New Delhi: Ride-sharing platform, Rapido on Monday announced the launch of free rides to over 2,600 polling stations in the city on November 30, to help voters. A press release from the firm said, the initiative reflects Rapido’s commitment to boosting voter turnout in Telangana, particularly among its predominantly young user base. Rapido’s Co-founder Pavan Guntupalli, said … [Read more...]

Nov (Reuters) – Our Next Energy (ONE) said on Monday it has cut around 25% of its workforce, or 128 employees, as the electric-vehicle battery startup deals with high borrowing costs and an uncertain economy. The company, founded by former Apple executive Mujeeb Ijaz, said in February it had raised $300 million in a Series B funding, which valued the company at $1.2 billion. While the … [Read more...]

Nov (Reuters) – Rivian Automotive (RIVN.O) on Monday announced the launch of leasing for its R1T electric pickup truck for customers in select U.S. states. The option, which has been made available in states including California, New York, Florida and Texas, comes days ahead of the launch of Tesla’s (TSLA.O) Cybertruck which competes with the R1T. The $7,500 federal tax credit for … [Read more...]

Nov (Reuters) – A U.S. labor board has dismissed claims that Tesla Inc (TSLA.O) illegally fired employees working on Autopilot software at a New York factory to put an end to union organizing. A National Labor Relations Board (NLRB) regional official on Friday tossed out a complaint filed in February by Workers United, a union seeking to organize workers at Tesla’s Buffalo, New York … [Read more...]

Nov 27 (Reuters) – Germany’s cabinet is expected to agree a supplementary 2023 budget this afternoon, a government spokesperson said on Monday. The cabinet will also try to present a 2024 budget by the end of the year, the spokesperson said, adding that if this did not work out, the plan was to agree a budget in January. The cabinet would base its reasoning for a renewed suspension of the … [Read more...]

BERLIN, Nov 27 (Reuters) – Volkswagen’s (VOWG_p.DE) 10 billion euro ($10.9 billion) savings programme will include staff reductions, managers told staff on Monday as brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive. The German carmaker is in the midst of negotiations with its works council over a cost-cutting scheme at … [Read more...]

WASHINGTON, Nov 27 (Reuters) – Electric vehicles are a “hoax,” they do not work, and they are strengthening China’s economy at the expense of American jobs. Those are among the criticisms that contenders for the 2024 Republican presidential nomination, including former President Donald Trump and Florida Governor Ron DeSantis, have leveled on the campaign trail in recent weeks. But while EVs have … [Read more...]