Stay Informed Stay Ahead
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…
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…
Pune-based automaker Bajaj Auto Ltd has posted impressive financial results for the third quarter of FY24, outperforming market expectations. Key Highlights: Strong Profit Growth: Bajaj Auto reported a remarkable 37% YoY increase in net profit for Q3 FY24, reaching Rs 2,041.88 crore. This surge was primarily fueled by robust sales of its two-wheelers, strategic price…
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….
