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The EV policy norms imply companies will have to set up manufacturing and start production in India within three years with at least 25% of the components sourced locally.
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China sees an opportunity to dominate, and to counter it, huge investment in technology is needed, from batteries to automated driving systems. The industry transition might leave room for only five major automakers worldwide. The Japanese industry could gravitate into two groups — the Toyota-affiliated firms and everyone else
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Based on the Premium Platform Electric that also underpins the Porsche Macan EV, the Audi Q6 e-tron is all set to take the world by storm
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Tata Motors Group signs MoU with Tamil Nadu government to set-up a car manufacturing facility.
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The special new electric mobility promotion scheme will support electric 2-wheelers, 3-wheelers, e-rickshaws, said Ministry of Heavy Industries.
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According to the Ministry's statement, the Bharat Mobility Global Expo 2025 will exhibit a diverse range of commercial and passenger vehicles, electric vehicles (EVs), auto components, tires, battery and storage components, software integrated into vehicles, and construction equipment, among others
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India has set an electric vehicle sales target of 30% by 2030. Still, the country will be home to an overwhelmingly large number of traditional ICE-powered vehicles.
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The most refined diesel-powered luxury SUV in its class, without a doubt.
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Given the trend from April to February, the automaker is poised to cross the 8 lakh mark in the current fiscal, against 6.9 lakh units in FY'23, the official said.
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Tarun Garg, chief operating officer of HMIL, added that the country’s largest car exporter is working on alternatives to circumvent the Red sea crisis impact
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This is the third model after i20 hatchback and Venue compact SUV to be offered with an N Line edition.
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Our target is that the GPUs under the AI machine should be available between 18 and 24 months and will not be directly available under this mission, Krishnan said.
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Last year in November, China's largest automaker SAIC Motor had inked a joint venture agreement with the JSW Group in order to accelerate the transformation and growth of MG Motor in India
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‘Our focus is to drive the core engine of the business to deliver growth. And if we do that well, the market will reward us.’
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Tesla made the concession demand a precondition to build a plant in India. High tariffs on motor vehicles, meant to boost local production, have been a lingering issue for foreign carmakers too.
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New Delhi, Mar 10 MG Motor India expects an accelerated growth path with more aggressive expansion plans after getting the JSW Group as an investor,..
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Honda Motorcycle & Scooter India (HMSI) announced a recall for GL1800 Gold Wing and CBR1000RR superbikes to address faulty fuel pumps, ensuring customer safety.
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The company’s newest scooter is not aimed primarily at the young and single. With this in mind, the Rizta gets a number of features that make it more family-friendly.
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The project will come up at Sonipat in Haryana, Servotech Power said in a statement.
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Before making a big purchase consumers should ask how stable and established is the brand and whether shareholders will bail out if something goes wrong. There are a variety of potential headaches for customers: Vehicles may lose value, parts can be difficult to obtain and the warranty may not be fully honoured. This is where the option of leasing becomes attractive
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In this edition of Moneycontrol Pro Panorama: Indian bond market riding high, advertisers disagree with consumption spending data, gender bias perception higher in affluent women, the rise and fall of mutual funds, and more
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Passenger Vehicles marked the highest ever February sales driven by new product introductions and enhanced vehicle availability, as per the auto retail body
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The Expenditure Finance Panel has recommended support of Rs. 10,000 crore for the upcoming FAME-III scheme.
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FIIs offloaded financial, construction, and FMCG stocks. They were net sellers of financial services shares, pulling out Rs 10,000 crore from the market in February, after Rs 30,000 crore a month back
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The rating agency expects all of TML's businesses to continue to deliver on their strategic growth priorities while maintaining a balanced financial policy that focuses on achieving net-zero automotive debt by March 2025, Moody's stated
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Jio-bp, operating under the brand name of Jio-bp pulse in the Electric Mobility space, has established one of the largest and fastest-growing EV charging networks in India. Alongside, operating over two dozen of the country's biggest charging hubs (with an average 150+ charge points), the company is building fast charging stations at EV user-friendly places such as malls, restaurants, hotels, workplaces, residential societies, and public parking amongst others.
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The IPO comprises a fresh issue of shares worth Rs 250 crore by the company, and an offer-for-sale (OFS) of 11.92 mln shares by private equity fund BanyanTree Growth Capital II LLC.
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The advisory council also said the introduction of transferable mandates prescribing for a certain percentage of vehicles manufactured to be EVs will be an efficient way of encouraging adoption of EVs.
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The blaze southeast of the German capital, which did not spread to the Tesla site - the U.S. electric vehicle maker's first manufacturing plant in Europe - was extinguished by the fire brigade, police said.
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The petrol-driven SUV will be a direct competitor to Tata Nexon, Hyundai Venue and Maruti Brezza, sources told Moneycontrol
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Can the most powerful in-line four, 2.0-litre turbo-petrol in production history provide the full-fat AMG experience? The answer is a resounding yes.
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The three variants - Dynamic, Premium and Performance - have a claimed range of 510 km, 650 km and 580 km per charge, respectively
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This will be the third product in the market after the all-electric e6 and the Atto 3.
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Ola S1 Pro (Gen2) two-wheeler, which has been on-road since September 2023, will now be able to avail incentives under the PLI scheme from the date of issuance of the certificate, a senior Ola Electric official said.
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The company today plans to split into two listed entities: commercial vehicles (CV) and passenger vehicles (PV). The development is a positive for the stock, but given the already rich valuations, the street is wondering how much more can it gain from these levels.
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During FY23, Tata Motors’ passenger vehicle business, including JLR, accounted for 79 percent of the company's Rs 3,41,544 crore revenue while commercial vehicles contributed 21 percent.
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Analysts noted that the demerger will make it easier for the two companies to raise funds in the future, especially for the PV business with competition expected to intensify, and the EV unit.
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SBI Mutual Fund led January's selling spree among mutual funds, offloading over 58 lakh shares worth Rs 476 crore. Axis and Bandhan Mutual Funds followed, selling over 28 lakh shares and 16 lakh shares worth Rs 225 crore and Rs 132 crore, respectively
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The commercial vehicles business and its related investments will be spun in one entity and the passenger vehicles businesses, including EVs, JLR and related investments, in another entity
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Industry observers reckon that the registration numbers indicate of 'market stabilisation' despite the govt’s move to lower the incentives under the FAME scheme Phase II
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As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars.
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Ola Electric said it has recorded close to 1,00,000 registrations in the last three months
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The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement.
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Each month, automobile makers in India release wholesale numbers – or vehicle sales to dealers.
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In comparison to 79,705 units in the same month last year, Tata Motors recorded an 8% increase in total wholesales to 86,406 units on Friday.
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On Friday, the production company Yash Raj Films (YRF) announced the introduction of an acting-related social media programme.
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During the first 11 months of this fiscal, passenger carmakers sold 38,59,000 units of sedans, utility vehicles (UVs) and hatchbacks, registering an 8.6 percent increase from 33,53,000 units during the corresponding period last year
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Compared to 15,685 units in February 2023, the company's overall deliveries to dealers climbed by 61% to 25,220 units last month.
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MG Motor India announced on Friday an 8% rise in retail sales to 4,532 units in February compared to the same month last year. In February 2023, the carmaker sold 4,193 cars. In February 2023, the carmaker sold 4,193 cars.
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Mahindra & Mahindra reported on Friday that its total sales for the month of February climbed by 24% to 72,923 units. In February 2023, the corporation had sent 58,801 units to its dealers overall.
