Violators will face fines. Light vehicle drivers exceeding the speed limit will be fined INR 2,000. Heavy vehicle drivers will face a fine of INR 4,000. New speed limits will be enforced on the Noida-Greater Noida Expressway and Yamuna Expressway from December 15, 2024, to February 15, 2025, due to winter fog. Authorities aim to… Continue reading New speed limits introduced on Noida-Greater Noida and Yamuna Expressways for winter safety
Author: Economic Times of India Online News
Royal Enfield November sales decline 4% with 72,236 units
Royal Enfield sold 82,257 motorcycles in November 2024, a 2% increase from last year. Exports nearly doubled to 10,021 motorcycles. The company launched the Goan Classic 350, Bear 650, and new EV brand Flying Flea at EICMA 2024. The fourteenth edition of Motoverse concluded with over 10,000 attendees and exciting new introductions. Go to Source
Bajaj Auto reports 7% decline in November sales with 2,40,854 units
Total exports reached 180,786 units, a 24% increase from the 145,259 units exported in November 2023. This growth in exports helped offset the decline in domestic sales. Bajaj Auto Ltd. reported a 5% year-over-year increase in total vehicle sales, including exports, for November 2024. This amounted to 421,640 units sold, compared to 403,003 units in… Continue reading Bajaj Auto reports 7% decline in November sales with 2,40,854 units
Europe’s embattled auto sector plans plant closures and layoffs
A slew of automotive companies have recently announced plant closures and big layoffs in Europe as they struggle with weak demand, high production costs, competition from Chinese rivals and slower-than-expected electric vehicle transition. Below are some of the companies which flagged layoffs and site closures announced in recent months: VALEO: French car parts supplier will… Continue reading Europe’s embattled auto sector plans plant closures and layoffs
Stellantis falls 7% in Paris after CEO Tavares resigns
“This sets an unprecedented challenge for investors looking to invest in a firm with such volatility in the management team,” JPMorgan said in a note referring to earlier resignation of Stellantis’ finance chief. Paris-listed shares in Stellantis slumped by over 7% on Monday after chief executive Carlos Tavares resigned abruptly on Sunday. Stellantis said it… Continue reading Stellantis falls 7% in Paris after CEO Tavares resigns
Hero Future Energies inks INR 1,000 cr MoU with Karnataka for renewable energy, green hydrogen projects
Under the MoU, the Karnataka Government will facilitate the requisite permissions, approvals, and incentives to ensure the projects are established in a time-bound manner under the state’s prevailing policies and regulations, the release added. Hero Future Energies Private Limited (HFEPL) on Sunday signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest… Continue reading Hero Future Energies inks INR 1,000 cr MoU with Karnataka for renewable energy, green hydrogen projects
RevFin aims to finance 20 lakh vehicles, INR 20k cr loan disbursements in 5 yrs: CEO
In terms of disbursements, Aggarwal said financing 20 lakh vehicles “roughly translates to nearly Rs 20,000 crore”. Electric vehicle financing digital platform RevFin is aiming to finance 20 lakh vehicles in the next five years, translating to loan disbursements of nearly INR 20,000 crore, according to the company’s founder and CEO Sameer Aggarwal. With an… Continue reading RevFin aims to finance 20 lakh vehicles, INR 20k cr loan disbursements in 5 yrs: CEO
ICCT recommends zero-emission vehicles and low-emission zones for cleaner urban transport
CNG CVs can be a good alternative or transitional step towards a greener transport system, however, this might not be a good solution for the ZEVs (zero emission vehicle) target. Indian metro cities have faced severe air quality issues for decades, with Delhi and NCR marking their top positions. Places such as Delhi, Gurugram, and… Continue reading ICCT recommends zero-emission vehicles and low-emission zones for cleaner urban transport
Tata Motors reports marginal growth in November sales with 74,753 units
Domestic sales also experienced a minor uptick. Tata Motors saw a slight sales increase in November 2024, selling 74,753 units compared to 74,172 units in November 2023. This represents a marginal overall growth driven primarily by passenger vehicle sales. Domestic sales also experienced a minor uptick. “Total domestic sales were up 1% at 73,246 units… Continue reading Tata Motors reports marginal growth in November sales with 74,753 units
TVS Motor reports 10% growth with 401,250 units in November sales; EV sales surge 57%
Motorcycle sales recorded a 4% growth, increasing from 172,836 units in November 2023 to 180,247 units in November 2024. TVS Motor Company saw a 10% rise in overall sales in November 2024, reaching 401,250 units compared to 364,231 units in November 2023. This growth was driven by strong performance in two-wheelers and electric vehicles, offset… Continue reading TVS Motor reports 10% growth with 401,250 units in November sales; EV sales surge 57%