Volvo gets record order for up to 1,000 electric trucks

Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and  2030 to Holcim, one of the world’s largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024. Holcim is a… Continue reading Volvo gets record order for up to 1,000 electric trucks

Tesla releases teaser image of entry-level ‘Model 2’ electric car

Tesla has released a preview image of its next electric car, which is expected to be the entry-level ‘Model 2’ hatchback that’s set to rival the upcoming Renault 5 and Volkswagen ID 2. Speaking at the US firm’s 2023 shareholder meeting, CEO Elon Musk confirmed it is developing “two new products”, tipped to be the new hatchback and the… Continue reading Tesla releases teaser image of entry-level ‘Model 2’ electric car

Tesla releases teaser image of entry-level ‘Model 2’ electric car

Tesla has released a preview image of its next electric car, which is expected to be the entry-level ‘Model 2’ hatchback that’s set to rival the upcoming Renault 5 and Volkswagen ID 2. Speaking at the US firm’s 2023 shareholder meeting, CEO Elon Musk confirmed it is developing “two new products”, tipped to be the new hatchback and the… Continue reading Tesla releases teaser image of entry-level ‘Model 2’ electric car

Minda Corporation Q4 PAT jumps 61% at Rs 122 crore

Minda Corporation, the flagship company of Spark Minda, has reported a 61 percent jump in its consolidated net profit at Rs 122 crore in the fourth quarter ended March 31, 2023.  The company posted a consolidated net profit of Rs 76 crore in the same period a year ago.  The auto component maker reported 13… Continue reading Minda Corporation Q4 PAT jumps 61% at Rs 122 crore

Electric two-wheelers set to get costlier, FAME II subsidy slashed to 15% from 40%,

Electric two-wheelers in India are set to get costlier from June 1, 2023 as the government of India has revised the subsidy on the FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) Scheme to Rs 10,000 per kilowatt per hour (kWh) as against Rs 15,000/ kWH. Furthermore, the cap for… Continue reading Electric two-wheelers set to get costlier, FAME II subsidy slashed to 15% from 40%,

Electric two-wheelers set to get costlier, FAME II subsidy slashed to 15% from 40%,

Electric two-wheelers in India are set to get costlier from June 1, 2023 as the government of India has revised the subsidy on the FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) Scheme to Rs 10,000 per kilowatt per hour (kWh) as against Rs 15,000/ kWH. Furthermore, the cap for… Continue reading Electric two-wheelers set to get costlier, FAME II subsidy slashed to 15% from 40%,

Case IH rolls out 1000th sugarcane harvester from Pune plant

Case IH, a brand of CNH Industrial and a global leader in agriculture equipment, has achieved the production milestone of 1,000 sugarcane harvesters from its state-of-the-art manufacturing plant at Pune, Maharashtra. The Austoft sugarcane harvester was rolled out as the 1000th unit, from the plant in the presence of CNH Industrial’s leadership team. The Case IH… Continue reading Case IH rolls out 1000th sugarcane harvester from Pune plant

FAME-II subsidy for electric two wheeler revised to 15% from 40% vehicle prices to go up

The electric two-wheelers are set to get costlier from June 1, as the Government of India has revised the subsidy to Rs 10,000 per kilowatt per hour as against Rs 15,000 per kilowatt per hour, and the cap for incentive has been brought down to 15% of the ex-factory price as against 40% benefit extended… Continue reading FAME-II subsidy for electric two wheeler revised to 15% from 40% vehicle prices to go up

FAME-II subsidy for electric two wheeler revised to 15% from 40% vehicle prices to go up

The electric two-wheelers are set to get costlier from June 1, as the Government of India has revised the subsidy to Rs 10,000 per kilowatt per hour as against Rs 15,000 per kilowatt per hour, and the cap for incentive has been brought down to 15% of the ex-factory price as against 40% benefit extended… Continue reading FAME-II subsidy for electric two wheeler revised to 15% from 40% vehicle prices to go up

FAME-II subsidy for electric two wheeler revised to 15% from 40% vehicle prices to go up

The electric two-wheelers are set to get costlier from June 1, as the Government of India has revised the subsidy to Rs 10,000 per kilowatt per hour as against Rs 15,000 per kilowatt per hour, and the cap for incentive has been brought down to 15% of the ex-factory price as against 40% benefit extended… Continue reading FAME-II subsidy for electric two wheeler revised to 15% from 40% vehicle prices to go up