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Highlights: MG Motor India to introduce its third electric car model during the festive season. Strategic move to strengthen position in the growing electric vehicle market. Joint venture between China’s SAIC Motor and JSW Group to oversee MG Motor’s operations in India. Emphasis on expanding electric vehicle offerings amid increasing competition. Industry projections indicate significant…
The National Highways Authority of India (NHAI) is making some changes at toll plazas to keep your highway journeys smooth. Here’s what you need to know: NHAI oversees many highways in India, and at 247 toll plazas, Paytm Bank helps collect tolls. But because of some rules from the Reserve Bank of India (RBI), Paytm…
TVS Motor Company, a prominent player in the Indian automotive industry, recently achieved a significant milestone by becoming the sixth Indian automobile firm to attain a market capitalization of over ₹1 lakh crore. This accomplishment comes on the heels of a remarkable surge in the company’s share price, which has soared by 60% over the…
Ola Electric, a prominent player in the electric vehicle (EV) industry, has secured certification for its second product under the Production-Linked Incentive (PLI) scheme for the automobile and auto component industry. Sources familiar with the matter revealed this development to Moneycontrol, requesting anonymity. According to the sources, Ola Electric’s S1 Pro (Gen-2) has obtained the…
Hindustan Petroleum Corporation Limited (HPCL) is gearing up to facilitate the transition to electric vehicles (EVs) for two-wheelers by partnering with Ultraviolette Automotive, an electric bike manufacturer. The collaboration aims to establish EV charging networks along state and national highways, with the initial focus on the Southern region. The announcement was made at the ongoing…
Hero MotoCorp-owned Surge has disrupted the electric vehicle market with the unveiling of its innovative S32 EV. This electric vehicle seamlessly transforms from a three-wheeled rickshaw to a sleek electric scooter, reminiscent of the modular design seen in the Batmobile from Christopher Nolan’s Dark Knight trilogy. The Surge S32 EV’s unveiling took place recently at…
Researchers from Massachusetts Institute of Technology (MIT), including one of Indian-origin, have designed a new battery material that could offer a more sustainable, cobalt-free way to power electric cars. The technology has already been licensed by automaker Lamborghini. This innovative battery cathode is based on organic materials, offering a more sustainable and cobalt-free alternative to…
Tata Motors has recently announced its decision to increase the prices of its passenger vehicles, including electric vehicles (EVs), by 0.7%. This move is scheduled to take effect on February 1, 2024, and is attributed to the escalating costs of production. The decision to revise prices comes in the wake of various economic factors and…
Valeo, a renowned global automotive supplier, is making significant strides at CES by focusing on Advanced Driver Assistance Systems (ADAS), electrification, and LiDAR technology. The company introduces Scala 3, its third-generation LiDAR, which claims to excel in identifying and reacting to obstacles in challenging environments where other sensing systems might struggle. LiDAR sensors play a…
Delhi’s fiscal landscape in 2023 witnessed significant growth in revenue collection from vehicle tax revenue and related charges. This article explores the nuances of this financial development, examining figures, projections, and the underlying factors driving this positive trajectory. Annual Growth Of  Vehicle Tax Revenue The reported 17% year-on-year growth in revenue collection has piqued interest….
The Delhi-Jaipur highway (NH-48) and Bengaluru-Mysuru expressway are set to pioneer the introduction of a GPS-based tolling system. The innovative system aims to summate user fees based on the word-for-word number of kilometers traveled, offering a increasingly precise and efficient tolling wits for commuters. Preparatory work has once commenced, with a focus on enhancing geofencing…
Commerce and Industry Minister Piyush Goyal has tabbed upon the automobile industry to set an would-be target of increasing the share of vehicles exported to 50% of all passenger vehicles produced in India by 2030. This undeniability comes as a significant jump from the 14% export share reported in the last fiscal year. Minister Goyal…
In a recent report by BNP Paribas India on the electric vehicle (EV) market, Ola Electric emerged as the undisputed leader in the Electric Two-Wheeler (E2W) space, capturing a remarkable 40% market share. The report highlighted significant gains for Ola Electric, while Bajaj Auto followed suit in market share growth, and TVS Motor experienced a…
Shanghai, China – In a historic achievement, BYD, the Chinese automaker, outperformed Tesla in global electric car sales for the first time during the fourth quarter of the previous year. In response to this milestone, BYD has spoken substantial rewards totaling billions of yuan to be distributed among its Chinese dealers. Sales Targets and Auspicious…
As we stand on the brink of prompting farewell to the current timetable year, the automotive industry emerges from the shadows of the pandemic, displaying remarkable resilience and strength. The year 2023 has been a testament to the industry’s worthiness to rise like a phoenix, surpassing challenges and contributing significantly to economic revival. Let’s delve…
The Indian electric vehicle (EV) industry, Ola Electric has achieved a major milestone by becoming the first 2W EV visitor to secure certification under the Production Linked Incentive (PLI) Scheme for automobiles and wheels components in India. Reliable industry sources have disclosed that Ola Electric successfully met the rigorous eligibility towage requirements outlined in the…
MG Motor India, a British trademark owned by SAIC, is gearing up to introduce seven new models in the Indian market over the next few years. The revelation came without the joint venture with JSW Group, where MG Motor showcased its upcoming lineup to dealers at its headquarters in Shanghai. The visitor is set to…
In a strategic move to counter foreign competition, Tata Motors and Mahindra & Mahindra (M&M), two of India’s leading car manufacturers, are set to introduce a series of electric SUVs wideness various price segments in the coming quarters. This initiative aims to tap into the growing demand for SUVs and squatter the rencontre posed by…
To perpetuate the electric vehicle (EV) market, the Indian government is contemplating the extension of the second phase of its flagship incentive scheme, Faster Adoption and Manufacturing Electric Vehicles (FAME). With the third edition (FAME III) pensile clearance from the finance ministry, the government is exploring options to prolong the existing edition into the next…
Wheels have unchangingly held a magnetic request for enthusiasts, and the voodoo of prestigious cars like Jaguars and rugged Land Rovers has left many onlookers envious. Now, however, the tables are turning as repeater financiers dangle enticing low Equated Monthly Installment (EMI) deals, making these once hesitant buyers consider taking the driver’s seat. Picture this:…
