Autocar_Professional India Online News – Page 1489

PMI Electro Mobility forays into Goa with deliveries of electric buses

PMI Electro Mobility, an electric bus manufacturer, has delivered 20 electric buses to Kadamba Transport Corporation (KTCL), the state transport undertaking of the state of Goa, as part of a larger order to provide 48 electric buses before July 2023. The event was flagged off by the Chief Minister of Goa Dr. Pramod Sawant, and… Continue reading PMI Electro Mobility forays into Goa with deliveries of electric buses

PMI Electro Mobility forays into Goa with deliveries of electric buses

Uno Minda Q4 PAT up 27 % at Rs 183 crore

Auto component maker Uno Minda reported a 27% growth in its consolidated profit after tax (PAT) at Rs 183 crore for the fourth quarter ended March 2023. The company posted Rs 144 crore in consolidated PAT in the same quarter a year ago. Meanwhile, its consolidated revenue from operations jumped by Rs 2,889 crore in Q4… Continue reading Uno Minda Q4 PAT up 27 % at Rs 183 crore

Road design needs to be improved to prevent accidents: Harish Baijal, Ex-DIG of Maharashtra police

Harish Baijal, a former Deputy Inspector General of the Maharashtra Police, has called for a comprehensive approach to road safety in India. He said that the country needs to improve driver education, create safer road designs, and enact stricter licensing laws. He also said that vehicle manufacturers should be more proactive in incorporating safety features into… Continue reading Road design needs to be improved to prevent accidents: Harish Baijal, Ex-DIG of Maharashtra police

Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award

Italian design house Pininfarina has won the Green Good Design Sustainability award 2023 for green transportation for its Namx HUV, which was unveiled in May 2022 and later showcased at the Paris Motor Show last year. The Namx HUV is a hydrogen-powered SUV in part fuelled by removable capsules, paving the way to a seamless… Continue reading Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award

Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award

Toyota Kirloskar Motor ramps-up production with third shift operations

Toyota Kirloskar Motor (TKM), has announced the commencement of three-shift operations at its manufacturing facility in Bidadi from the month of May, 2023 backed by the rising demand for its existing portfolio of products and its new launches in 2022. Three shift operations commencement is set to boost the plant’s production output by over 30%… Continue reading Toyota Kirloskar Motor ramps-up production with third shift operations

FADA advocates for GST rate reduction on Two-Wheelers from 28% to 18% for a timely revitalisation of the segment

The Federation of Automobile Dealers Associations (FADA), the body of Automobile Retail in India, has submitted a critical representation to the GST Council, urging an immediate reduction in the GST rate on two-wheelers from the current 28% to 18%. This timely and decisive intervention is aimed at making two-wheelers more affordable, reviving demand, and reinvigorating… Continue reading FADA advocates for GST rate reduction on Two-Wheelers from 28% to 18% for a timely revitalisation of the segment

Revenues of domestic auto dealership industry to expand by 11-13% in FY24: ICRA

Following an estimated expansion of 27–30% in FY23, ICRA projects the revenues of the domestic automobile dealership industry to grow by 11–13% in FY24, aided by 6-9% volume growth and an increase in vehicle prices. Factors like improving consumer sentiments, as seen through a continued preference for personal mobility and rising disposable income, easing supply-side constraints,… Continue reading Revenues of domestic auto dealership industry to expand by 11-13% in FY24: ICRA

Government aims to increase outlay for e-2-wheelers under FAME II scheme: Report

The Heavy Industries Ministry aims to broaden the outlay for its e-2wheelers, which is presently at Rs 2,000 crore, in FAME II, and lower the subsidy on each vehicle, PTI reported. Currently, there is no proposal to extend the FAME II scheme further than March 2024 or bring in FAME III, an official told PTI, on condition of… Continue reading Government aims to increase outlay for e-2-wheelers under FAME II scheme: Report