It was good times just a few weeks ago for the electric 2W industry in India. E2w sales saw a record volume of 1,05,000 units last month, zipping past the 100,000 mark for the first time. The average run rate for electric two-wheelers, which was around 80,000 units in March is soon going to be… Continue reading Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme
Author: Autocar_Professional India Online News
Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan will give Toyota up to US$ 841 million in subsidies to invest in the domestic production of batteries in electric vehicles, Industry Minister Yasutoshi Nishimura said. Toyota laid out a plan for new technology and revamping of factories, sending a clear signal to garner a larger pie of the growing market for battery electric… Continue reading Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan will give Toyota up to US$ 841 million in subsidies to invest in the domestic production of batteries in electric vehicles, Industry Minister Yasutoshi Nishimura said. Toyota laid out a plan for new technology and revamping of factories, sending a clear signal to garner a larger pie of the growing market for battery electric… Continue reading Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan’s Musashi Seimitsu Industries announces E-mobility foray in India, to invest Rs 70 crore for EV venture
Musashi India, a manufacturer of two-wheeler and four-wheeler transmission components in India, has announced its foray into the E-mobility space in the Indian market. Focused on building high-performance and safe auto components, Musashi, a 100% owned subsidiary of Musashi Seimitsu Industries, Japan will manufacture the E-Axle at its Bengaluru plant starting October 2023. Musashi will… Continue reading Japan’s Musashi Seimitsu Industries announces E-mobility foray in India, to invest Rs 70 crore for EV venture
Tata Motors optimistic about FY24 CV demand despite near-term challenges
Tata Motors, the country’s largest commercial vehicle (CV) manufacturer, is optimistic about strong overall CV demand in the fiscal year 2024 (FY24) despite near-term challenges, including rising interest rates, fuel prices, and inflation. In a presentation to investors, Tata Motors said it expects the government’s continued emphasis on infrastructure development to support CV demand in… Continue reading Tata Motors optimistic about FY24 CV demand despite near-term challenges
BorgWarner expects to complete spin-off of PHINIA by July 3, 2023
BorgWarner today announced that it expects to complete the spin-off of PHINIA at the end of the day on July 3, 2023, as outlined in PHINIA’s final information statement filing with the Securities and Exchange Commission. PHINIA common stock will be traded on the New York Stock Exchange under the ticker symbol PHIN. The first… Continue reading BorgWarner expects to complete spin-off of PHINIA by July 3, 2023
Bajaj Auto, TVS and Royal Enfield record robust sales in April-May, increase market share amid wave of demand for premium products
With industry body SIAM announcing the wholesales numbers for three vehicle segments – passenger vehicles, two and three-wheelers – for the first two months of the ongoing fiscal year, one of the highlights is that of growth returning to the two-wheeler industry. Cumulative April-May 2023 numbers are 28,10,138 units, up 16.32% year on year (April-May… Continue reading Bajaj Auto, TVS and Royal Enfield record robust sales in April-May, increase market share amid wave of demand for premium products
Ashwani Gupta to step down as Nissan COO
Nissan Motor Co today announced that Ashwani Gupta, Representative Executive Officer and COO, “has elected to leave the company to pursue other opportunities effective June 27. Also, Gupta will retire from the board of directors at the end of the annual general meeting of shareholders to be held on June 27, 2023.” Serving as Nissan’s… Continue reading Ashwani Gupta to step down as Nissan COO
JLR on track to turn fully electric, says Chandrasekaran
As the automobile industry doubles down on electric vehicles, Tata Group-owned luxury carmaker Jaguar Land Rover (JLR) is on track to transform itself into a fully electric company, according to Jaguar Land Rover (JLR) Chairman N Chandrasekaran. “The transformation of Jaguar into an all‑electric luxury brand is on track with the first new vehicle to… Continue reading JLR on track to turn fully electric, says Chandrasekaran
JLR on track to fully turn electric, says Chandrasekaran
As the automobile industry doubles down on electric vehicles, Tata Group-owned luxury carmaker Jaguar Land Rover (JLR) is on track to transform itself into a fully electric company, according to Jaguar Land Rover (JLR) Chairman N Chandrasekaran. “The transformation of Jaguar into an all‑electric luxury brand is on track with the first new vehicle to… Continue reading JLR on track to fully turn electric, says Chandrasekaran