Bajaj Auto to pass on GST rate cut benefits across Bajaj, KTM motorcycles and three-wheelers. Bajaj Auto Ltd, the world’s most valuable two- and three-wheeler manufacturer, on Tuesday said it will fully pass on the benefits of the recent Goods and Services Tax (GST) reduction to customers across its Bajaj and KTM motorcycle range as… Continue reading Bajaj Auto to pass on full GST benefit, prices cut by up to ₹24,000
Author: Economic Times of India Online News
GST 2.0: Rate cuts to boost auto demand, ancillary industries and jobs, says Heavy Industries Ministry
Ministry estimated that auto sector supports over 3.5 crore jobs directly and indirectly, and higher sales will open new opportunities. The Ministry of Heavy Industries on Monday said the sweeping GST 2.0 reforms will deliver a strong boost to the automobile and ancillary sectors, reducing prices across vehicle categories and spurring job creation across the… Continue reading GST 2.0: Rate cuts to boost auto demand, ancillary industries and jobs, says Heavy Industries Ministry
Hyundai’s EV charging network delivers 2.3 mn units of clean energy, cuts 1.6 mn Kg CO2 emissions
Focusing on Tamil Nadu, where Hyundai runs one of its largest plants, the company has pledged 100 charging stations, with 16 already operational and 30 expected by year-end. New Delhi: Hyundai Motor India Ltd (HMIL) on Tuesday said its electric vehicle (EV) charging network has delivered over 2.3 million units of clean energy through over… Continue reading Hyundai’s EV charging network delivers 2.3 mn units of clean energy, cuts 1.6 mn Kg CO2 emissions
Pralhad Joshi to inaugurate advanced EV testing facility in Kolkata
India has set a target of achieving 30 per cent EV penetration by 2030 as part of its strategy to cut dependence on fossil fuels and lower emissions. Union Minister for New & Renewable Energy Pralhad Joshi will inaugurate a state-of-the-art electric vehicle (EV) testing facility at the Alipore Regional Laboratory in Kolkata on Wednesday,… Continue reading Pralhad Joshi to inaugurate advanced EV testing facility in Kolkata
World EV Day: Madhya Pradesh CM pitches state as future EV hub, announces incentives and EV promotion board
With existing battery manufacturing, assembly plants and supply chain networks, the state aims to position itself as an EV hub. Madhya Pradesh Chief Minister Mohan Yadav on Monday said the state is ready to represent the future of electric vehicle (EV) transportation, becoming the first in India to roll out a dedicated EV policy. His… Continue reading World EV Day: Madhya Pradesh CM pitches state as future EV hub, announces incentives and EV promotion board
TaMo, M&M lead auto rally with price cuts seen driving demand
Chandak said he expects double-digit growth across segments like small cars, midsize SUVs and two-wheelers. The rally in shares of automobile makers gathered steam on Monday, fuelled by expectations that the vehicle price cuts following the reduction in Goods and Services Tax (GST) last week would boost demand. Tata Motors and Mahindra & Mahindra gained… Continue reading TaMo, M&M lead auto rally with price cuts seen driving demand
Hyundai factory raid in Georgia leads to detention of hundreds of South Korean engineers
Spokespersons for Hyundai’s Georgia EV factory and the adjacent battery plant did not immediately reply to an email message seeking comment. A lawyer for several workers detained at a Hyundai factory in Georgia says many of the South Koreans rounded up in the immigration raid are engineers and equipment installers brought in for the highly… Continue reading Hyundai factory raid in Georgia leads to detention of hundreds of South Korean engineers
Renault to add cheaper batteries for affordable EVs, says CEO Francois Provost
Renault CEO Francois Provost French automaker Renault will introduce more affordable batteries for EVs and speed up development times for all models to better compete with Chinese rivals, CEO Francois Provost said Monday. Speaking to journalists for the first time since his appointment as CEO in July, Provost said the company has benchmarked itself against… Continue reading Renault to add cheaper batteries for affordable EVs, says CEO Francois Provost
Chandigarh’s fancy number plates: A status symbol worth more than your vehicle
In Chandigarh, fancy number plates have become status symbols, sometimes costing far more than the scooters or cars they’re attached to. What if your scooter cost just ₹50,000, but the number plate flaunted a ₹15 lakh price tag? Sounds absurd? Not in Chandigarh, where registration numbers are more than just digits — they’re status symbols.… Continue reading Chandigarh’s fancy number plates: A status symbol worth more than your vehicle
VinFast India partners with Axis Bank to deliver comprehensive EV financing solutions
VinFast Auto India has signed an MoU with Axis Bank to provide auto and inventory financing for its dealer network ahead of its upcoming launch. VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Axis Bank, one of the largest private sector banks in India,… Continue reading VinFast India partners with Axis Bank to deliver comprehensive EV financing solutions