- Mahindra Racing
- ABB FIA Formula E World Championship
- Season 11
- technology
- design
- changes
- powerful
- electric
- Banbury
- Formula E
- ruleset
- Formula 1
- championship
- season
Mahindra Racing Unveils Striking New M11Electro
- By MT Bureau
- October 23, 2024
Mahindra Racing has unveiled the M11Electro, its latest challenger in the ABB FIA Formula E World Championship’s Season 11.
Unveiled at an event in Banbury, the new race car adorns a metallic red, silver satin and carbon black livery.
Marking a strong step forward in technology, the race car incorporates a new powertrain from Mahindra Racing besides suspension changes, rear-end packages and aerodynamic enhancements through styling changes.
The race car – claimed the fastest-ever FIA single-seater – is capable of accelerating from 0 to 60 mph in just 1.82 seconds. With a top speed of 200 mph, the vehicle is 30 percent quicker than contemporary Formula 1 cars.
Taking efforts to understand the latest Formula E ruleset (most notably the introduction of all-wheel drive in the Duels at race starts and during the twice-mandatory Attack Mode activations) that adds an exciting new strategic element to each E-Prix, Mahindra Racing has implemented solutions as part of the strategy to get back to the form that helped it win five E-Prix events, 24 podiums and 10 pole positions in over a decade of competition in the FIA’s all-electric racing series.
The race car’s improved performance is matched by Hankook’s new, grippier tyres. These are estimated to give the car between 5-10 percent more performance out on-track.
Testing with the M11Electro has been very positive to-date, with an average of 500 kilometres per test day, which ranks among the best mileage ever achieved by the team in pre-season as they set out to first prove the car’s reliability, and then more recently home in on greater performance.
Speaking on the launch of the new livery, Mahindra Racing CEO Frederic Bertrand said, “It’s always an exciting point in the pre-season when we gather everybody together to launch not just our new car, the Mahindra M11Electro, but also to celebrate an exciting new chapter in Formula E.”
“And it’s fitting that we chose to invite our guests to our factory for the first time ever, as this has been where everything has slowly fallen into place over the off-season, both in terms of developing the powertrain, but also working hard to optimise everything and make sure we are prepared for the format changes. Having made changes to our team structure last year, things are slowly falling into place,” he elaborated.
The Season 11 features a 16-race calendar, which begins at the Anhembi Sambadrome in Sao Paolo on 7 December 2024.
Tata Elxsi Clocks INR 1.7 Billion Net Profit In Q1 FY2027
- By MT Bureau
- July 15, 2026
Tata Elxsi, a leading design and technology solutions company, has announced its financial results for Q1 FY2027, reporting operating revenue of INR 10.21 billion, up 2.8 percent over the previous quarter and 14.5 percent YoY.
For Q1 FY2027, the company’s EBITDA came at INR 2.16 billion with a margin of 21.2 percent and a profit after tax (PAT) of INR 1.7 billion, up 18.2 percent YoY.
The company’s revenue from the transportation segment grew 13.3 percent YoY, supported by engagements in off-road and aerospace segments. Automotive OEM revenue now accounts for 78 percent of the division's total revenue. The media & communications segment revenue grew 22.2 percent YoY, while healthcare and life sciences clocked 1.7 percent growth QoQ.
Manoj Raghavan, CEO and Managing Director, Tata Elxsi, said, “For the quarter, Tata Elxsi delivered a healthy performance with growth in our two primary verticals, supported by strong deal execution and continued momentum in large strategic engagements. We also crossed a key milestone of reporting operating revenue of more than Rs. 1,000 crores in the current quarter. The performance in the quarter reflects the strength and increasing relevance of our design-led and AI-enabled engineering capabilities in our chosen industries.”
“FY2027 marks a year of future focus for the company, as we prepare and equip ourselves for a world reshaped by AI. We are making targeted investments in specialized talent, AI powered platforms, tools and infrastructure, to pivot to a Domain + AI future. These investments are enhancing customer value creation with tangible outcomes and opening new avenues for growth and positioning us for the year and decade ahead,” he concluded.
- BYD
- DOLPHIN G DM-i
- SHARK
- DENZA
- Formula 1
- Jenson Button
- Stella Li
- BAO 5
- YANGWANG
- U9 Xtreme
- Goodword Festival of Speed
- Stella Li
BYD Group Debuts 8 Models At 2026 Goodwood Festival of Speed, Flash Charging Tech Too
- By MT Bureau
- July 14, 2026
Chinese automotive major BYD Group showcased eight model debuts at the 2026 Goodwood Festival of Speed, where it occupied a 2,016 square metre stand. The display featured vehicles from the BYD, DENZA and YANGWANG brands, with several models participating in the hillclimb event.
At the event, BYD introduced the DOLPHIN G DM-i, a supermini featuring Dual Mode Super Hybrid technology that pairs an electric motor with a 1.5-litre petrol engine. The manufacturer also presented the SHARK pickup, which produces 436PS and accelerates from 0-62mph (0-100 kmph) in 5.7 seconds.
DENZA unveiled the Z sports car, a coupe with 1604PS and a top speed of 217mph (350 kmph), which was presented by Stella Li and 2009 Formula 1 World Champion Jenson Button. The brand also displayed the BAO 5 SUV, which incorporates DMO (Dual Mode Off-road) technology. Additionally, DENZA demonstrated charging speeds of up to 1,500kW, allowing vehicles to charge from 10-70 percent in five minutes.
YANGWANG exhibited the U9 Xtreme, a production car with a top speed of 308.3mph (496 kmph) and a 1200V powertrain. The brand also displayed the U8L SUV and the U7 saloon.
Stella Li, Executive Vice President, BYD, said, "It's been an exciting privilege to play such a central role at this year's Goodwood Festival of Speed. Our stand has been the focal point for thousands of visitors, who've been able to explore a host of new models – our incredible DENZA Z and DENZA BAO 5, as well as the BYD SHARK and, for the first time in the UK, the DOLPHIN G DM-i. We've really enjoyed meeting car enthusiasts from around the world, and it's been a particular thrill to see our cars, such as the YANGWANG U9X, going up the iconic hillclimb. Goodwood really is a global centrepiece for car culture, and we're delighted to have been able to show how our new-energy technologies are creating advances in sustainable mobility around the world."
- IVECO
- PETRONAS Lubricants International
- IVECO URANIA
- IVECO TUTELA
- Domenico Nucera
- IVECO Group
- Domenico Ciaglia
IVECO and PETRONAS Lubricants International Renew Strategic Partnership
- By MT Bureau
- July 12, 2026
European commercial vehicle major IVECO and PETRONAS Lubricants International (PLI) have renewed their strategic partnership for five years, extending the agreement through 2032.
The collaboration continues the supply and joint engineering of lubricants for IVECO’s vehicle portfolio in Europe, including engine oils, transmission fluids, brake fluids and coolants.
The partnership focuses on the development of IVECO URANIA engine oils and IVECO TUTELA technical fluids. These products are recommended by IVECO and result from joint research and development. Recent innovations include the launch of Urania Next 0W-16, a lubricant formulated for heavy-duty applications.
Domenico Nucera, Chief Quality & Operations Officer, Iveco Group, said, "The renewal of the agreement with PETRONAS Lubricants International confirms the strength of a long-standing collaboration built on shared technical expertise and a common ambition to continuously improve performance, efficiency, and sustainability across our vehicle and powertrain portfolio. Through the co-engineering of our IVECO URANIA and IVECO TUTELA ranges, we are able to deliver solutions that maximise vehicle uptime, optimise total cost of ownership, and support our customers and dealer network with the highest standards of quality and reliability."
Domenico Ciaglia, Group Chief Strategy & Transformation Officer, PETRONAS Lubricants International (PLI), said, "This partnership renewal demonstrates what can be achieved through a long-term forward-thinking collaboration, with consistency, and a shared commitment to excellence. Through continuous product innovation, we have been able to co-develop market-leading solutions such as the Urania Next 0W-16 engine oil formulation, seamlessly integrated into IVECO's ecosystem. This collaboration enables us to deliver greater value to the industry by combining our expertise and driving innovation together. Looking ahead, PETRONAS Lubricants International remains fully committed to supporting the IVECO Group with forward integrated reliable, high-performance products and solutions that create lasting value for its network and customers. This renewed collaboration further reinforces the foundation of PLI's broader strategic roadmap, demonstrating how technical excellence and trusted partnerships can drive sustainable, long-term value internationally."
L&T Technology Services Concludes Engineering Intelligence Hackathon
- By MT Bureau
- July 11, 2026
L&T Technology Services (LTTS), a leading engineering research & development (ER&D) company, has concluded its Engineering Intelligence (EI) OpenHack 2026, an innovation challenge held simultaneously across nine locations in India, the US and Europe. The event involved nearly 4,000 engineers across 770 teams.
Participants worked on over 500 challenge statements related to software-defined mobility, plant modernisation, energy, automation and AI infrastructure. The solutions developed during the 24-hour event focused on areas such as industrial automation, cybersecurity, autonomous systems and healthcare.
A jury evaluated the entries based on innovation, technical execution, scalability and relevance. The winning teams received prizes totalling over INR 3 million. Promising projects were selected for further development through the company’s Project Equinox platform and patent-worthy concepts were identified for intellectual property recognition.
Mritunjay Kumar Singh, Chief Operating Officer, L&T Technology Services, said, “The EI OpenHack 2026 reflects LTTS’ vision of Engineering Intelligence, where engineering expertise and AI come together to solve real-world industry challenges. What stood out was not only the scale of participation, but the ability of our engineers to apply contextual understanding, domain knowledge and AI prowess to develop solutions with tangible business relevance. Initiatives like OpenHack create opportunities for our talent to experiment, collaborate and develop solutions that will shape the future of engineering.”

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