This move aims to simplify and consolidate the company’s capital structure and facilitate the demerger process. Tata Motors’ market capitalisation crossed INR 4 lakh crore for the first time on Thursday, with shares rising 6.2% to close at INR 1,091 after an upgrade by Nomura. The firm’s A-ordinary shares, which have differential voting rights, saw… Continue reading Tata Motors market capitalisation exceeds INR 4 lakh cr
Author: Economic Times of India Online News
E-Fill Electric receives ARAI certification for AC and DC chargers
E-Fill Electric has quickly become a leader in the EV charging industry. New Delhi: E-Fill Electric, established in 2019 and based in Sonipat, India, with an office in Texas, USA, has received the Automotive Research Association of India (ARAI) certification for its AC and DC chargers. E-Fill Electric’s chargers, ranging from 3.3kW to 240kW, now… Continue reading E-Fill Electric receives ARAI certification for AC and DC chargers
Noida district magistrate calls for crackdown on vehicles flouting safety norms
Regular campaigns against illegal stands, parking, overspeeding, and overloading were also mandated, he said. In a significant move to enhance road safety, Gautam Buddh Nagar District Magistrate Manish Kumar Verma on Wednesday directed officials to launch a campaign against vehicles flouting safety standards including unfit school vehicles. He issued the directions as he chaired a… Continue reading Noida district magistrate calls for crackdown on vehicles flouting safety norms
Managing bullwhip: How to solve auto OEM dealer inventory challenge
When forecasts overestimate future demand or when inventory levels take time to adjust to changing slowdown in market demand, as was the case recently, the result is often excess inventory at dealerships. The bullwhip effect describes the amplification of demand variability as one moves upstream in the supply chain. It typically starts with small fluctuations… Continue reading Managing bullwhip: How to solve auto OEM dealer inventory challenge
Union Budget 2024-25: INR 11.11 lakh crore infrastructure capex to propel commercial vehicle industry growth
The allocation of INR 10 lakh crore towards urban and rural housing can be another driver of business for the CV industry. The Union Budget 2024-25 is an amalgamation of big-ticket announcements, some surprises and inclusive allocations. The granularity in the GDP projections considered for FY25 will have to be seen but the projections are… Continue reading Union Budget 2024-25: INR 11.11 lakh crore infrastructure capex to propel commercial vehicle industry growth
India’s focus for incentives should be on EVs, says BMW Group
Updated On Jul 25, 2024 at 09:21 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Jean-Philippe Parain, Senior Vice-President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group New Delhi: German luxury carmaker BMW Group, which emerged as one of the top sellers in EVs after Tesla and BYD, is… Continue reading India’s focus for incentives should be on EVs, says BMW Group
KPIT Technologies reports 52% increase with INR 204.2 cr in net profit for March 2024 quarter
KPIT Technologies KPIT Technologies, an auto industry-focused firm, reported a substantial 52% increase in its net profit for the March 2024 quarter, reaching INR 204.2 crore. This growth was driven by higher revenue and improved profit margins. In comparison, the company had recorded a net profit of INR 134 crore in the same period last… Continue reading KPIT Technologies reports 52% increase with INR 204.2 cr in net profit for March 2024 quarter
BMW Group unveils 4 new vehicles for 2024 including Mini Cooper models and CE 04 Electric Scooter
CE 04 Electric Scooter The BMW Group has unveiled four new vehicles for 2024, which include two Mini Cooper models, a luxury sedan, and an electric scooter, with the launch event held on Wednesday. These introductions include the new 8th generation BMW 5 Series luxury sedan, which has previously been showcased in India. This series… Continue reading BMW Group unveils 4 new vehicles for 2024 including Mini Cooper models and CE 04 Electric Scooter
Hyundai Motor India partners with Charge Zone to expand EV charging network
Hyundai with Charge Zone Hyundai Motor India Limited (HMIL) has entered into a Memorandum of Understanding (MoU) with Charge Zone to enhance its electric vehicle (EV) roadmap in India. Under this partnership, Charge Zone will install DC 60 kW fast chargers across 100 HMIL dealerships. This initiative aligns with the Government of India’s strategies for… Continue reading Hyundai Motor India partners with Charge Zone to expand EV charging network
Deadline to avail Centre’s EV promotion scheme ends July 31
The EVs eligible for incentivisation under EMPS 2024 scheme must be manufactured and registered within the validity period of EMPS 2024 certificate. New Delhi: The government on Tuesday said the last date of its Electric Mobility Promotion Scheme (EMPS) 2024, which aims to provide further impetus to the green mobility and development of electric vehicle… Continue reading Deadline to avail Centre’s EV promotion scheme ends July 31