Autocar_Professional India Online News – Page 148

Why Leasing Dominates India’s Commercial EV Market

In the Indian company car market, outright purchases dominate ICE vehicle acquisitions, making up 91.5% in 2020, while leasing accounts for 8.5% (ETAuto.com). In contrast, the EV sector shows a strong preference for leasing, with about 50% of commercial EV fleet operators choosing this model, especially for electric three-wheelers, four-wheelers, and buses (Redseer Strategy Consultants).… Continue reading Why Leasing Dominates India’s Commercial EV Market

Top Automotive Aftermarket Trends to Watch in 2025

‘India’s mobility evolution finds new growth levers in digitalisation, safety tech, EV integration, and value-driven innovation’ India’s automotive aftermarket industry is entering a pivotal phase of innovation-led expansion. Shaped by digital-first consumers, rising expectations around road safety, and the growing EV adoption curve, the sector is actively redefining its value proposition. The market, valued at… Continue reading Top Automotive Aftermarket Trends to Watch in 2025

Tata Motors Launches Monsoon Check-Up Camp Across India

Tata Motors has launched a nationwide Monsoon Check-Up Camp for its customers, running from June 6 to June 20, 2025. The initiative is being held across 500 cities and is supported by over 1,090 authorized workshops. The service camp is designed to help ensure vehicles remain in good condition during the monsoon season. Customers can… Continue reading Tata Motors Launches Monsoon Check-Up Camp Across India

RBI Rate Cuts Aim to Spur Rural Consumption, Support Auto Sector Revival

The Reserve Bank of India on Friday cut its benchmark repo rate by 50 basis points, marking the third consecutive reduction this year and bringing the total cut in 2025 to 100 basis points, as the central bank seeks to stimulate consumption in the face of softening inflation and subdued urban demand. The move is… Continue reading RBI Rate Cuts Aim to Spur Rural Consumption, Support Auto Sector Revival

Wardwizard Innovations Announces Resignations of Two Senior Management Personnel

Wardwizard Innovations & Mobility Limited announced the resignation of two senior management personnel on June 6, 2025. The company informed the BSE Limited through a regulatory filing that Sanjay Kumar Sablok, President – Operations, and Vilas Paturkar, Vice President – Factory Operations, submitted their resignations effective after business hours on the same day. The resignations… Continue reading Wardwizard Innovations Announces Resignations of Two Senior Management Personnel

Hyundai Acquires 26.13% Stake in FPEL TN Wind Farm with First Tranche Investment

Hyundai Motor India Ltd. has acquired a 26.13% stake in FPEL TN Wind Farm Private Limited following the release of ₹16.58 crore as the first tranche of its planned investment. The company received 23,62,638 equity shares via private placement, as per the filing made to stock exchanges on June 6, 2025. This investment is part… Continue reading Hyundai Acquires 26.13% Stake in FPEL TN Wind Farm with First Tranche Investment

Chartered Speed Deploys 10 Electric Buses in Arunachal Pradesh

Chartered Speed has deployed 10 electric buses in Arunachal Pradesh in collaboration with the Arunachal Pradesh State Transport Service (APSTS). The fleet, operating in Itanagar, Namsai, and Pasighat, was officially flagged off by Deputy Chief Minister Chowna Mein on June 5, 2025. The initiative aims to enhance connectivity while supporting the region’s transition toward sustainable… Continue reading Chartered Speed Deploys 10 Electric Buses in Arunachal Pradesh

EKA Mobility Deploys 10 Electric Garbage Tippers in Goa

EKA Mobility handed over 10 electric garbage tippers to the Sankhali Municipal Council (SMC) in Goa. The deployment, inaugurated by Chief Minister Dr. Pramod Sawant, is part of the state’s initiative to enhance sustainable urban waste management. The garbage tippers have a top speed of 80 km/h and a range of up to 180 km… Continue reading EKA Mobility Deploys 10 Electric Garbage Tippers in Goa

EKA Mobility Deploys 10 Electric Garbage Tippers in Goa

‘We are committed to ICE, diversifying into EVs and powertrain-agnostic domains’: SPRL’s Krishnakumar Srinivasan

With a robust strategy of maintaining leadership in its core business while strengthening its EV and hybrid portfolio, and diversifying into domains such as plastic precision parts, Shriram Pistons & Rings is eyeing a 15% YoY growth in the coming years. The company also expects EV contribution to business hitting 30% by 2035. Leading Tier-1… Continue reading ‘We are committed to ICE, diversifying into EVs and powertrain-agnostic domains’: SPRL’s Krishnakumar Srinivasan