Govt To Slow Down Electric Vehicle Push As Auto Industry Struggles
As automobile industry looks at the worst sales figures of the past 19 years, the Indian government has reportedly decided to slow down its push for electric vehicles adoption. According to the Society of Indian Automobile Manufacturers, the auto industry has recorded…
Maruti Suzuki Seeks Tax Relief For Hybrid, CNG Cars And Electric Vehicles
The country’s largest carmaker Maruti Suzuki India (MSI) is pitching for tax relief for hybrid and CNG cars in addition to electric vehicles in order to promote green mobility in the country. MSI Chairman R C Bhargava said there is…
Hero Electric Optima And Nyx Extended Range Variants Launched
Hero Electric has launched the Optima ER and Nyx ER, which are essentially extended-range variants of the standard models. The former is priced at Rs 68,721 and the latter costs Rs 69,754 (both, ex-showroom pan-India). One of the main concerns for mass adoption of…
First Instant-Charging Electric Three-Wheeler In India Unveiled By SHADO Group, Singapore
SHADO Group, one of the world’s leading provider of Electric Vehicle technology and charging infrastructure from Singapore, announces today the unveiling of India’s first affordable, low voltage, high-performance instantly-charged electric three wheelers: ERICK. Developed by Adarin Engineering Technologies, a SHADO…
July 2019 Marked An Inflection Point And Auto Industry Sales Fell By A Record 40% Pushing Many Into The Red
When a reputed global news agency like Reuters carries a news report on August 6, 2019 that since April 2019, automobile and auto component units and automobile dealers in India have laid off 350,000 workers, it is bound to send…
Delhi Gives Tripura 50 Electric Buses
The ministry of heavy industry and public enterprises has sanctioned 50 electric buses for Tripura along with 26 other states for intra-city and intercity operation under the faster adoption and manufacturing of electric vehicles (FAME) in India scheme. A department…
Anand Mahindra – Investments In Manufacturing, R&D Can Make India A Global Electric Vehicle Hub
The time is right to shift to electric vehicles in India, said Anand Mahindra, chairman, Mahindra & Mahindra Ltd (M&M), in his address to shareholders at M&M’s 73rd annual general meeting. He also noted that there is a tectonic shift…
Markets and Markets Estimates The India Electric Two-Wheeler Market To Reach 3 Million-Unit Sales By 2027
An electrical two-wheeler is a form of transport with a new mobility approach, especially in countries with large populations which concerned about the impact of GHG emissions on the environment. One of the most important factors driving the electric scooter…
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…
