The release added that Greaves is also exploring entry into non-swap markets with a 100 km-plus range variant on the Magnus platform to cater to broader fleet demands. Greaves Electric Mobility (GEML), a leading electric vehicle manufacturer, on Tuesday said it has expanded its partnership with TriEV, a green fleet operator specialising in last-mile delivery,… Continue reading Greaves Electric Mobility, TriEV deepen partnership to scale EV fleet for last-mile delivery
Author: Economic Times of India Online News
Iron ore slips on weak Chinese steel demand despite holiday restocking
Japan’s crude steel production fell 3.4% in August to 6.64 million tons year-on-year, while India’s output rose 14.2% compared with the same period last year. Iron ore futures prices dipped on Tuesday, pressured by signs of softening end-use steel demand in China, although restocking ahead of the Chinese National Day holiday provided some support. The… Continue reading Iron ore slips on weak Chinese steel demand despite holiday restocking
GST 2.0: Festive auto rush starts with record deliveries
Notably, SUVs continued to rule customer bookings though demand has risen across the passenger vehicle spectrum. Car and two-wheeler retailers are set for a record festive season this year, going by the first-day sales of the Navratri festival which also coincides with the roll out of the reduced goods and services (GST) rates. Leading automakers… Continue reading GST 2.0: Festive auto rush starts with record deliveries
Navratri car sales surge as buyers flock dealerships after GST rate cut
Carmakers too are revising prices to align with the reforms. The first day of Navratri saw a sharp rise in vehicle sales across the country as customers rushed to dealerships to take advantage of lower prices under the new GST regime. Dealers reported a surge in footfalls and enquiries, with many buyers upgrading to higher… Continue reading Navratri car sales surge as buyers flock dealerships after GST rate cut
Mandal-Becharaji SIR turns rural Gujarat into auto hub, boosts jobs and small businesses
Mandal-Becharaji Special Investment Region boosts Gujarat’s rural economy The Mandal-Becharaji Special Investment Region (MBSIR), a flagship vision of Prime Minister Narendra Modi, has emerged as a game changer for Gujarat’s rural economy. Once a cluster of agrarian villages, the region is today a thriving automobile hub hosting global giants like Maruti Suzuki and Honda. “Beyond… Continue reading Mandal-Becharaji SIR turns rural Gujarat into auto hub, boosts jobs and small businesses
Stellantis detects breach at third-party provider for North American customers
Automakers worldwide have reported a spate of cyber and data breaches in recent months, as increasingly sophisticated threat actors disrupt operations and compromise sensitive data. Stellantis detected unauthorised access to a third-party service provider‘s platform that supports its North American customer service operations, the company said in a statement on Sunday. The automaker said the… Continue reading Stellantis detects breach at third-party provider for North American customers
Chalet Hotels becomes first hospitality brand to achieve EV100 target
The milestone marks a key step in Chalet Hotels’ broader sustainability and Net Zero roadmap. Chalet Hotels Ltd has become the first hospitality brand globally to achieve the Climate Group’s EV100 target, after fully transitioning its fleet to 100 per cent electric vehicles and installing charging infrastructure across its properties. The company, which joined the… Continue reading Chalet Hotels becomes first hospitality brand to achieve EV100 target
Small cars to start below ₹4 lakh after GST cut, automakers see demand revival
Industry veterans attributed the drop to a 30-40 per cent jump in small car prices over the past five-six years due to tighter safety and emission norms. Prices of small cars are set to start at under ₹4 lakh for the first time in nearly five years when the new GST rates take effect on… Continue reading Small cars to start below ₹4 lakh after GST cut, automakers see demand revival
Auto dealers gung-ho as GST 2.0 ushers in strong tailwind
Many OEMs, he continued, have given additional benefits over and above the GST cuts. The roll-out of GST 2.0, coupled with the onset of the Navratri festive season, has put automobile dealers across the country in an upbeat mood. The Centre’s decision to reduce GST to 18 per cent (from 28 per cent) for small… Continue reading Auto dealers gung-ho as GST 2.0 ushers in strong tailwind
PM Modi highlights GST reduction, income tax benefits calls it ‘double bonanza’
He described the neo-middle class as a powerful force driving India’s development story. Reduction in the Goods and Serrices Tax (GST) rates would complement income tax benefits given earlier this year, creating a “double bonanza” for citizens, Prime Minister Narendra Modi said in Sunday In his address to the nation on the eve of the… Continue reading PM Modi highlights GST reduction, income tax benefits calls it ‘double bonanza’