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
Author: Economic Times of India Online News
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%
Transforming taxation in the Indian auto industry for sustainable growth
The conference aimed to strengthen collaboration between the industry and the government to create a tax environment conducive to growth, innovation, and sustainability. New Delhi: The Society of Indian Automobile Manufacturers (SIAM) held its 2024 conference on automotive taxation, focusing on how tax policies can support the industry’s growth and India’s economic development. The conference… Continue reading Transforming taxation in the Indian auto industry for sustainable growth
ARENQ introduces innovative waterproof electric vehicle chargers for enhanced performance
ARENQ’s commitment to sustainable energy solutions is reflected in its product development. ARENQ, a leading battery manufacturer, launched a new line of portable waterproof EV chargers and wall-mounted charging solutions. These chargers are designed for various applications, including robotics, electric vehicles, and industrial machinery. The announcement was made today. The company aims to provide efficient… Continue reading ARENQ introduces innovative waterproof electric vehicle chargers for enhanced performance
Shortages hobble India push for cleaner car fuel amid Delhi smog
New Delhi, one of the world’s most polluted cities, was pushed into CNG well over two decades ago after a Supreme Court ruling that demanded the conversion of all public buses to cope with worsening air quality. India is cutting back its supply of cheap gas for vehicles as it struggles to cope with domestic… Continue reading Shortages hobble India push for cleaner car fuel amid Delhi smog
Over 4.79 lakh challans issued for improper parking in Delhi this year
According to the data, the police also issued 98,929 challans for wrong-side driving, with each offense carrying a fine of INR5,000. Delhi Police has issued over 4.79 lakh challans this year for obstructive or improper parking, according to official data. Additionally, more than 10 lakh notices have been issued for the same offense as of… Continue reading Over 4.79 lakh challans issued for improper parking in Delhi this year
Motor vehicles without reflective tape to be fined: Bihar transport secy
He added there were 2,347 road accidents due to fog and mist, resulting in 1,722 deaths and 486 serious injuries in 2023. With an aim to minimize road accidents due to fog this winter, transport department will launch a reflective tape inspection campaign across Bihar from November 30. The comprehensive campaign aims to ensure vehicles… Continue reading Motor vehicles without reflective tape to be fined: Bihar transport secy
Britain to rethink electric vehicle rules amid industry warnings of job losses
Finance Minister Rachel Reeves said the government has started a consultation to review the plans set by the previous government. Britain announced on Wednesday that it would review the rules requiring carmakers to produce more electric vehicles after the industry warned that the current plan could lead to factory closures and job losses due to… Continue reading Britain to rethink electric vehicle rules amid industry warnings of job losses