Autocar_Professional India Online News – Page 1181

Swaraj Tractors launches ‘Josh Ka Swaran Utsav’ nationwide campaign to honour Indian farmers

The campaign includes tractor rallies, customer meets, and other events, bringing together Swaraj’s sales team, local farmers, channel partners, and influencers. Swaraj Tractors, a part of the Mahindra Group, has kicked off the nationwide van campaign ‘Josh Ka Swaran Utsav’ coinciding with the brand’s Golden Jubilee. The campaign aims to pay tribute to Indian farmers… Continue reading Swaraj Tractors launches ‘Josh Ka Swaran Utsav’ nationwide campaign to honour Indian farmers

Lexus launches LM 350h luxury MPV at Rs 2 crore

Lexus India has launched its LM 350h luxury MPV in India at a starting price of Rs 2 crore. The LM 350h is now the flagship Lexus model in India, while it also cements its position as the most expensive MPV in India, overtaking its cousin Toyota Vellfire which is priced from Rs 1.2 crore. Being the most premium MPV… Continue reading Lexus launches LM 350h luxury MPV at Rs 2 crore

Plastic Omnium expands presence in India with new plant and R&D center in Pune

Plastic Omnium, a global leader in automotive components and solutions, celebrated the groundbreaking of its fifth manufacturing plant and the inauguration of a new Technical Centre in Pune. The new manufacturing facility, covering 10 acres and spread over 20,000 sq. meters in Phase I, is equipped with state-of-the-art production technology to meet the rising demand… Continue reading Plastic Omnium expands presence in India with new plant and R&D center in Pune

New EV incentive scheme will increase e-2W costs by 10% vis-a-vis FAME 2: ICRA

The initial purchase cost of an electric two-wheeler would increase by 10% with the implementation of the Central Government’s recently announced Electric Mobility Promotion Scheme (EMPS) 2024. Moreover, this would make the initial purchase cost of an e-2W over 70% more expensive, AS compared to a petrol scooter, claims rating agency ICRA. Though the reduction… Continue reading New EV incentive scheme will increase e-2W costs by 10% vis-a-vis FAME 2: ICRA

Govt approves new EV policy; To cut import tax on cars to 15%, paves way for Tesla’s India entry

Paving the way for the entry of more global automakers in the country, the centre today announced a much-anticipated electric vehicle policy that significantly cuts the import duty on electric cars to 15% from the current 70% for five years. This lower import duty is applicable only if companies commit to a minimum investment of… Continue reading Govt approves new EV policy; To cut import tax on cars to 15%, paves way for Tesla’s India entry

Vitesco Technologies’ order backlog by end-CY23 pegged at over Rs 2,500 crore, driven by electrification components

Continental Automotive’s powertrain and electrification solutions arm – Vitesco Technologies – has declared its finances for 2023, and the company says it has fully achieved, or even exceeded its own forecasts on key financial metrics. Vitesco Technologies reported consolidated revenue of Euro 9.23 billion or Rs 811 crore, despite “a persistently challenging market environment,” the… Continue reading Vitesco Technologies’ order backlog by end-CY23 pegged at over Rs 2,500 crore, driven by electrification components

Isuzu Motors India to roll out ‘ISUZU I-Care Pre-Summer Camp’ across India

Isuzu Motors India will conduct a nationwide ‘ISUZU I-Care Pre-Summer Camp’ for its range of ISUZU D-MAX Pick-ups and SUVs. This service camp aims to provide customers with preventive maintenance checks for a hassle-free driving experience during the season across the country. An initiative of ‘ISUZU Care’, the Pre-Summer camp will be organised across all… Continue reading Isuzu Motors India to roll out ‘ISUZU I-Care Pre-Summer Camp’ across India

Nissan and Honda explore strategic partnership for EVs and intelligent mobility

Nissan Motor Co and Honda Motor Co have announced today that the two companies have signed a memorandum of understanding under which they will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence. To further accelerate efforts toward carbon neutrality and zero traffic-accident fatalities, it will be essential… Continue reading Nissan and Honda explore strategic partnership for EVs and intelligent mobility