Mahindra Warns Of Job Losses In Auto Sector, Seeks Govt Help
Indian automaker Mahindra and Mahindra Ltd (M&M) said on Wednesday it saw a “huge danger” of job losses in the ailing domestic auto sector, as it sought government intervention, including tax reductions to revive demand. A lending crisis among the country’s shadow banks, which fund…
Suzuki Posts 46% Drop In First-Quarter Profit On Slowing India Demand
Suzuki Motor Corp on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market. Japan’s fourth-largest automaker posted an operating profit…
India- USD 21.3 Bn Electric Scooters And Motorcycles Market Is Set To Register 13% CAGR, Driven By Advancement In Battery Technology And Emergence Of New Distribution Channel, Says Bekryl
According to recently released industry report by Bekryl, Global Electric Scooters and Motorcycles Market size is expected to register 3.4X increase in its revenue by 2028. The industry will be driven by advancement in battery technology and value added features….
Exquisite Range Of E-Bicycles Launched By GeeKay Bikes
Comforting the modern world with some amazing variety of e-bicycles, GeeKay Bikes launched three e-bicycles with some really fascinating features at the 10th India’s No. 1 Bicycle, Fitness, Sports and Electric Vehicles Expo-2019, held at Manpho Convention Center, Bengaluru from…
Ather Scooters Are More Affordable Now
Owning an electric vehicle has become more affordable as the Indian government has reduced the GST rates on EVs from 12 to 5 per cent. As a result of this move, Ather has been able to reduce the on-road prices…
Jitendra E Vehicles Welcomes The Government”s Move To Keep EV Pocket Friendly
The Nasik based Jitendra Electric vehicles welcomed the decision of fixing reasonable GST rates to EVs. The Government of India is already in process of promoting EV’s and making them affordable with Phase 2 of the Faster Adoption and Manufacturing…
Govt. Plans To Invest INR 100 Billion ($1.4 Billion) To Incentivize Electric Vehicle Manufacturing In India
Owing to the fact that India includes some of the world’s most polluted cities, the government is focused toward ensuring reduced greenhouse gas emissions from the automotive sector. Thus, the government has planned to invest INR 100 billion ($1.4 billion)…
KSL Cleantech And China’s Huaihai To Launch 10 EVs In India
The electric mobility segment in India is still at a very nascent stage, allowing companies from all over the world to tap one of the biggest two-wheeler markets in the world. And KSL Cleantech Limited is the latest company to…
GST Council Meeting: Rates On Electric Vehicles, Chargers Slashed To 5%
n a welcome move for e-vehicles manufacturing industry in India, a decision was taken during the 36th GST Council meeting to reduce Goods and Services Tax (GST) rates on electrical vehicles (EV) from 12 per cent to 5 per cent…
Hyundai KONA Electric Car Caught Fire, Exploded, Claims Man; Company Reacts
Weeks after Hyundai’s much-awaited EV KONA electric car was launched in India, a news of alleged fire and explosion incident in the electric car is going viral on the internet and social media. Reportedly, the alleged fire and explosion in…
