India Ratings and Research is of the opinion that the reduction of subsidy under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)-II scheme on electric two-wheelers (e-2Ws) could slow down the pace of electric penetration in the 2W market in India in FY24. The subsidy reduction could lead to e-2W prices increasing… Continue reading Reduction of subsidy under FAME 2 Scheme could slow down pace of electric penetration in the 2W market in India in FY24: India Ratings and Research
Author: Autocar_Professional India Online News
Reduction of subsidy under FAME 2 Scheme could slow down pace of electric penetration in the 2W market in India in FY24: India Ratings and Research
India Ratings and Research is of the opinion that the reduction of subsidy under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)-II scheme on electric two-wheelers (e-2Ws) could slow down the pace of electric penetration in the 2W market in India in FY24. The subsidy reduction could lead to e-2W prices increasing… Continue reading Reduction of subsidy under FAME 2 Scheme could slow down pace of electric penetration in the 2W market in India in FY24: India Ratings and Research
Royal Enfield commences fifth international CKD assembly unit in Nepal
Royal Enfield, a global leader in mid-size (250cc-750cc) motorcycle segment, today announced the commencement of operations of its exclusive Local Assembly Unit and CKD facility in Nepal. Set up in collaboration with the Triveni Group, this announcement is a significant boost to the company’s business in the SAARC region. Located in Birgunj, the new facility is the… Continue reading Royal Enfield commences fifth international CKD assembly unit in Nepal
Royal Enfield commences fifth international CKD assembly unit in Nepal
Royal Enfield, a global leader in mid-size (250cc-750cc) motorcycle segment, today announced the commencement of operations of its exclusive Local Assembly Unit and CKD facility in Nepal. Set up in collaboration with the Triveni Group, this announcement is a significant boost to the company’s business in the SAARC region. Located in Birgunj, the new facility is the… Continue reading Royal Enfield commences fifth international CKD assembly unit in Nepal
Vitesco Technologies and onsemi sign US$ 1.9 billion agreement for for silicon carbide SiC technology capacity expansion
Vitesco Technologies and onsemi have announced a 10-year long-term supply agreement worth US$ 1.9 billion (Euro 1.75 billion) for silicon carbide (SiC) products to enable Vitesco Technologies’ ramp in electrification technologies. Vitesco Technologies, a manufacturer of modern drive technologies and electrification solutions, is providing an investment of US$ 250 million (Euro 230 million) to onsemi for… Continue reading Vitesco Technologies and onsemi sign US$ 1.9 billion agreement for for silicon carbide SiC technology capacity expansion
Hero MotoCorp domestic sales up 9% at 508,309 units
India’s largest two-wheeler manufacturer, Hero MotoCorp has recorded 9 percent growth in the domestic market in May 2023, at 508,309 units. The company recorded 466,466 unit sales in the domestic market in the same month a year ago. “The momentum is expected to continue in the coming months, driven by an uptick in customer sentiments,… Continue reading Hero MotoCorp domestic sales up 9% at 508,309 units
FAME 2 impact: Electric two-wheeler startups to absorb majority of subsidy shock to maintain market position
Electric two-wheeler startups are deciding to absorb a majority of the subsidy shock in order to ensure that the penetration is not compromised. For instance, unlike other electric vehicle OEMs who have fully passed on the FAME 2 subsidy price increase, Ola Electric has decided to absorb close to Rs 17,000 for the long haul, based… Continue reading FAME 2 impact: Electric two-wheeler startups to absorb majority of subsidy shock to maintain market position
Swaraj launches ‘Target’ range of light tractors aimed at the growing horticulture segment
In a bid to participate in the fastest-growing horticulture space, Swaraj Tractors, the country’s second-largest tractor maker which is a part of the Mahindra Group, has launched a new range of 20-30 horsepower under the brand Target. The introduction of Target is part of a major product revamp at Swaraj, which is likely to witness… Continue reading Swaraj launches ‘Target’ range of light tractors aimed at the growing horticulture segment
JLR honours 16 companies in global supply chain with excellence awards
For the seventh year, JLR has celebrated the outstanding achievements of its global supply chain at the annual Supplier Excellence Awards. The winners were recognised for their extraordinary contribution to JLR’s business, cost transformation and operational delivery over the course of the last year. JLR celebrated the outstanding achievements of its global supply chain on Tuesday (May… Continue reading JLR honours 16 companies in global supply chain with excellence awards
Jaguar Land Rover unveils new logo as part of JLR rebrand
Jaguar Land Rover’s all-out reinvention gathers pace as it reveals the new logo for its new official name: JLR. It is a simple motif in line with the minimalist styling ethos of JLR’s products and dealerships, and is said to embody “elegance, modernity and the company’s forward-thinking essence”. It is the first time the company… Continue reading Jaguar Land Rover unveils new logo as part of JLR rebrand