In a third petition, the Centre for Business, Industry and Trade Advocacy has written to the Parliamentary Standing Committee on Industry, saying that the move to cut subsidies serves to feed the fuel-based ICE scooter lobby. The body goes on to add that the fuel-based ICE scooter lobby has constantly complained about the price equivalence… Continue reading FAME subsidy: In third petition, CBITA talks about effectiveness of MHI EV policy and purpose of subsidies
Author: Autocar_Professional India Online News
Tata Motors Finance extends Rs 125 crore limit in partnership with CJ Darcl Logistics
Tata Motors Finance has entered into a strategic partnership with CJ Darcl Logistics, to extend the Rs 125 crore limit for various facilities, including vehicle operating lease, invoice financing, and fuel financing. The operating lease facility will enable CJ Darcl Logistics to strengthen its fleet capacity, enabling it to deploy Tata Motors Vehicles under its… Continue reading Tata Motors Finance extends Rs 125 crore limit in partnership with CJ Darcl Logistics
Revfin secures US$ 5 million from DFC
Revfin has secured US$ 5 million from the United States International Development Finance Corporation. The company will use the funds to introduce new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis, as per a company press release. Sameer Aggarwal, the Founder and CEO of the Delhi-based EV… Continue reading Revfin secures US$ 5 million from DFC
Toyota to expand EV development capability with new battery lab in the US
Toyota Motor North America has announced that it will invest nearly $50 million to construct a new laboratory facility at its North American R&D headquarters in York Township, Mich. to evaluate batteries for electric and electrified vehicles in North America. As part of its evaluation process, the new Michigan battery lab will ensure that Toyota’s… Continue reading Toyota to expand EV development capability with new battery lab in the US
Toyota to expand EV development capability with new battery lab in the US
Toyota Motor North America has announced that it will invest nearly $50 million to construct a new laboratory facility at its North American R&D headquarters in York Township, Mich. to evaluate batteries for electric and electrified vehicles in North America. As part of its evaluation process, the new Michigan battery lab will ensure that Toyota’s… Continue reading Toyota to expand EV development capability with new battery lab in the US
Maruti Suzuki to launch new premium MPV on July 5
Passenger vehicle market leader Maruti Suzuki India is to introduce an all-new MPV on July 5, 2023. This new MPV, likely to be called the Engage, is being jointly developed with Toyota and will be a sister product to the popular Innova Hycross, but will get styling elements that will help differentiate it from the Toyota MPV. Sources tell us… Continue reading Maruti Suzuki to launch new premium MPV on July 5
Nissan adds intersection collision avoidance to its LIDAR-based ADAS technology
The technology, which can detect an object’s speed, location, and potential risk of a collision from a lateral direction, is designed to instantly respond to the changing situation through emergency application of the brakes or releasing the brakes when the potential risk has been avoided. Nissan today carried out another demonstration of its in-development LIDAR-based advanced driver-assistance… Continue reading Nissan adds intersection collision avoidance to its LIDAR-based ADAS technology
FAME2 effect: SMEV writes to Finance Minister proposing creation of Rs 3,000 crore rehabilitation fund for EV OEMs
The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) has today written to the Minister of Finance, Government of India, proposing the creation of a Rs 3000 crore Rehabilitation Fund to revive and sustain operations of OEMs which have been affected by the recent FAME subsidy blocks. SMEV has… Continue reading FAME2 effect: SMEV writes to Finance Minister proposing creation of Rs 3,000 crore rehabilitation fund for EV OEMs
RBI keeps repo rate unchanged at 6.5%, move welcomed by FADA
The Reserve Bank of India in its second bi-monthly monetary policy meeting of FY24, decided to leave the repo rate unchanged at 6.5%. It also maintained the gross domestic product growth forecast at 6.5%. The repo rate is the rate at which the RBI lends to banks. Manish Raj Singhania, President of the Automobile Dealers… Continue reading RBI keeps repo rate unchanged at 6.5%, move welcomed by FADA
Tata Technologies inaugurates 22 industry technology centres in Tamil Nadu
Tata Technologies, an engineering and product development services firm, has inaugurated 22 modern industry 4.0 technology centres. The Chief Minister of Tamil Nadu MK Stalin inaugurated the Industry 4.0 Technology Centres at an event held in Oragadam, Chennai. The inauguration ceremony was attended by N. Chandrasekaran, Chairman, TATA Sons, Warren Harris, CEO and MD, Tata… Continue reading Tata Technologies inaugurates 22 industry technology centres in Tamil Nadu