The Warren Buffett-backed car producer is also working on plans to deliver a longer-term advantage over competitors, aiming to become more directly involved in the mining of lithium, the raw material that’s crucial for EV batteries.
The company claims the deal, which was signed on World Environment Day, is the largest deployment of EVs in the country and the deliveries are expected to begin soon
Customers can book the new model at the company’s dealerships by paying Rs 21,000. It can also be booked online.
The company has launched the initiative to mark 15 years in the country.
The EV maker claims it has an existing order book of over 40,000 commercial electric vehicles. The demand for leasing of commercial electric vehicles is very robust owing to the low-total cost of ownership, which is further fuelled by e-commerce players augmenting their EV fleet, the company said.
The company says it will invest $3.7 billion in the three states between now and 2026. It also will convert about 3,000 temporary workers to full-time status with pay raises and benefits.
Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV customers, it note.
The growth in sales in the previous month came as the demand for advanced tractors continues to see an uptick across the industry, it said in the statement.
After months of factory outages due to the component shortfalls, the order backlog is keeping factories busy even as the global economy shows signs of sputtering, Karin Radstrom, who also leads the truckmaker’s business in Europe and South America, said in an interview.
Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production.
Domestic sales last month were at 53,525 units as compared to 20,073 units sold a year ago. Royal Enfield said its exports were reported at 10,118 units last month while the same was at 7,221 units in the year-ago period.
Honda Motorcycle and Scooter India (HMSI) reported total wholesales of 3,53,188 units last month on Wednesday. In the same month last year, the business sent out 58,168 units to dealers, despite several lockdowns caused by the second wave of the COVID-19 epidemic.
Honda Cars India announced on Wednesday that it sold 8,188 cars in India last month. Last month, the manufacturer of City and Amaze shipped 1,997 units.
Domestic sales stood at 42,293 units last month. It was at 25,001 units in May 2021. Exports stood at 8,970 units last month, while the same was at 5,702 units in the year-ago period.
The company had dispatched just 707 units to dealerships in May last year amid the second wave of the COVID-19 pandemic.
It is heartening for us at Skoda that despite challenges posed by the semiconductor shortage, we are maintaining momentum with sales," Skoda Auto India Brand Director Zac Hollis noted.
Maruti Suzuki India (MSI) is urging the government to reconsider its proposal to make six airbags essential in passenger vehicles, citing the move's adverse effect on the already dwindling small car market and jobs in the auto sector.
NITI Aayog has asked for BIS to issue standards for EV batteries, and these are also to be included in the battery swapping policy
The patents filed entail a diverse range of innovations and developments in traditional and new energy powertrain technologies, safety, connected vehicle technologies, body in white (BIW) and trims along with other vehicle systems, Tata Motors said in a statement.
BMW India president and CEO Vikram Pawah said the German luxury carmaker is also building a charging network in India in a phased manner
The company, which launched its all-electric sedan i4 in India at an introductory price of Rs 69.9 lakh, is confident that with the "widest electric vehicle portfolio” it will lead the charge in electromobility” in India.
The company, which had in November last year announced plans to launch three electric vehicles in six months in India as part of its electric mobility journey, has already launched its technology flagship all-electric SUV iX and all-electric MINI luxury hatchback.
The company, which manufactures Bharat Benz trucks and buses, also said it has set a target of 100 per cent paper-free organisation by the end of 2023.
The Mercedes-Benz Vision AMG Concept is a study in design for the German automaker. What we have been promised, however, is a performance car based on the Vision by 2025
CNG vehicle sales continued to grow in FY22, rising by 55 per cent to 2,65,383 units in FY22 compared to 1,71,288 units in FY21, as per NRI’s report titled 'Path to clean mobility: Increasing penetration of NGVs in India’.