BYD plans to price Atto 2 well under the 2-mn-rupee threshold despite a 70 per cent local levy imposed on imported cars, underscoring intensifying competition in mass market segment. BYD Co. is gearing up for a renewed push into India, according to people familiar with the matter, as warming diplomatic ties pave the way for… Continue reading BYD’s senior management set to visit India as Modi-Xi reset ties
Author: Economic Times of India Online News
India crosses 1 mn EV sales in FY25, says Heavy Industries Minister
H D Kumaraswamy New Delhi: India sold more than one million electric vehicles in 2024-25, making it one of the fastest-growing electric mobility markets globally, Union Minister for Heavy Industries and Steel H D Kumaraswamy said on Wednesday reported PTI. “In 2024-25, India sold over one million electric vehicles, with electric two-wheelers growing 21 per… Continue reading India crosses 1 mn EV sales in FY25, says Heavy Industries Minister
Will look into cess issue, but OEMs also have a responsibility: Piyush Goyal
FADA President CS Vigneshwar told ETAuto that cess, meant to be borne by the end user, is currently carried by dealers before being passed on to customers. Commerce and Industry Minister Piyush Goyal on Wednesday said he will consider taking up with the Finance Ministry the issue of supporting dealers on the utilisation of the… Continue reading Will look into cess issue, but OEMs also have a responsibility: Piyush Goyal
FADA warns of stock build-up, seeks inventory discipline by automakers to protect dealer viability
Since automakers are currently not billing dealers with new inventory, any sales made by dealers until September 22 will reduce the cess balance. India’s automobile dealers on Tuesday flagged the build-up of unsold stock as a critical threat to their financial health, warning that “dead inventory, thin margins and costly training” are undermining business viability… Continue reading FADA warns of stock build-up, seeks inventory discipline by automakers to protect dealer viability
Toyota Kirloskar Motor and Presidency University to launch M.Tech in automotive IT
Presidency University will provide infrastructure and manage laboratories, while TKM will support with the setup and contribute to curriculum design. Toyota Kirloskar Motor (TKM) has signed a Memorandum of Understanding with Presidency University, Bengaluru, to introduce a Master of Technology programme in Automotive Information Technology. The programme will begin with an intake of 18 students… Continue reading Toyota Kirloskar Motor and Presidency University to launch M.Tech in automotive IT
Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari
India aims to become the world’s top automobile industry in five years, Union Minister Nitin Gadkari said, citing strong manpower and global company presence. The government’s aim is to make India’s automobile industry number one in the world within five years, Union Minister Nitin Gadkari said on Wednesday. The future of Indian automobile industry is… Continue reading Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari
India will need 2 lakh EV charging staff by 2030: Report
Tata Power opens Mumbai’s first premium MegaCharger hub with 16 bays near the airport; study warns India needs up to 2 lakh trained EV charging professionals by 2030. Tata Power inaugurated Mumbai’s first premium MegaCharger hub near the city airport on Tuesday, adding to its 1,000-plus charging points in the city. The facility, developed with… Continue reading India will need 2 lakh EV charging staff by 2030: Report
Auto demand set for festival boost; BSE, CAMS good long-term bets: Neeraj Dewan
So, next two-three quarters we can see that improvement happening in the credit demand. Market experts are closely tracking Infosys after the IT major announced a fresh buyback. According to market expert Neeraj Dewan, the current environment makes this buyback more attractive than the previous one. “The last buyback was at ₹1,850, but the stock… Continue reading Auto demand set for festival boost; BSE, CAMS good long-term bets: Neeraj Dewan
Dealers should also step into vehicle scrapping: Nitin Gadkari
Gadkari linked scrapping directly to the industry’s export ambitions and India’s aim of becoming a global hub for clean mobility. Union Minister for Road Transport and Highways Nitin Gadkari has reiterated that the success of India’s green mobility shift will depend not only on electric and biofuel adoption but also on scrapping old vehicles at… Continue reading Dealers should also step into vehicle scrapping: Nitin Gadkari
Vinkesh Gulati appointed President of Automotive Skills Development Council
Vinkesh Gulati The Automotive Skills Development Council (ASDC) has announced the appointment of Vinkesh Gulati as its new President, following the stepping down of F R Singhvi. Gulati, who previously served as Vice-President of ASDC, assumes leadership at a time when the automotive industry is navigating a transition towards electric mobility, digitisation and future-ready skills.… Continue reading Vinkesh Gulati appointed President of Automotive Skills Development Council