Five months after it announced a new subsidiary for electric and hybrid vehicles in the two-, three- and light four-wheeler categories, Bajaj Auto has announced an investment of Rs 300 crore and commenced work at a brand-new manufacturing faciiity at Akurdi, near Pune, for manufacturing EVs. The site is the location of the original and… Continue reading Bajaj Auto’s Rs 300 crore EV unit to come up in Pune, product rollout by June 2022
Author: Autocar_Professional India Online News
Dalmia Cement inducts e-trucks in its fleet for goods transportation
Dalmia Cement (Bharat) (DCBL), a leading Indian cement major and a subsidiary of Dalmia Bharat, as part of its efforts to reduce its carbon footprint has inducted electric trucks in its fleet. The company says the move will accelerate its sustainability goal of lowering carbon emissions as well as optimise its overall logistics cost. With the introduction of the… Continue reading Dalmia Cement inducts e-trucks in its fleet for goods transportation
Amara Raja eyes European EV market, to invest in battery maker InoBat
Automotive battery company Amara Raja Batteries has announced plans to invest in InoBat Auto, a European technology developer and manufacturer of premium innovative batteries for E-mobility. The initial investment will give Amara Raja a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to support the region’s determined… Continue reading Amara Raja eyes European EV market, to invest in battery maker InoBat
Ashok Leyland enters used CV market with Shriram Auto Mall
Ashok Leyland has entered the used commercial vehicle market in association with Shriram Automall India Ltd (SAMIL). The hybrid ecosystem in the form of a phygital platform will facilitate an exchange and proper disposal and purchase of old commercial vehicles. With the entry into this segment, Ashok Leyland aims to streamline the used vehicle market… Continue reading Ashok Leyland enters used CV market with Shriram Auto Mall
MG Motor India targets 20% sales from EVs by 2024
MG Motor India is betting big on electric vehicles (EVs). The carmaker, which introduced its first EV – the MG ZS EV – in the country in January 2020, is all set to come up with its second all-electric product in FY2023. Claimed to be a futuristic offering built on a global platform, the next… Continue reading MG Motor India targets 20% sales from EVs by 2024
Tata Motors set to launch Tiago, Tigor CNG in January
After a long wait, Tata Motors looks finally set to enter the CNG passenger vehicle segment in India, with the long-awaited CNG-powered variants of the Tiago and Tigor likely to be launched in January 2022. According to Autocar India, Tata Motors dealers in various cities have started accepting unofficial bookings for the CNG variants of the… Continue reading Tata Motors set to launch Tiago, Tigor CNG in January
JSW Group offers Rs 300,000 EV-buying incentive to employees
JSW’s EV policy will facilitate up to Rs 300,000 incentive for employees to purchase EVs – both four- and two-wheelers – and aims to promote the adoption of EVs across the Group. Mumbai-based conglomerate JSW Group has unveiled its latest green initiative – the JSW Electric Vehicle (EV) Policy – for its employees across India.… Continue reading JSW Group offers Rs 300,000 EV-buying incentive to employees
Multi-brand dealer Group Landmark to sell EVs, BYD cars in India
Automobile dealer Group Landmark, which has 113 outlets across India and represents passenger vehicle manufacturers like Mercedes-Benz, Honda, Jeep, Volkswagen and Renault in India, has diverfied into the electric vehicle segment The multi-brand dealer has tied up with BYD, which launched its all-electric E6 MPV in India on November 1, priced at Rs 29.15 lakh.… Continue reading Multi-brand dealer Group Landmark to sell EVs, BYD cars in India
Shorter insurance periods could be a fillip to car subscription, leasing
The concept of car ownership in India has evolved in the recent years. In addition to purchasing or financing cars, customers now have the option to subscribe or lease, especially with more automakers entering the space. However, adoption of these newer ways of ownership has been slow. Industry experts believe that bringing the costs down… Continue reading Shorter insurance periods could be a fillip to car subscription, leasing
Newsmaker of 2021: N Chandrasekaran
The Tata Group is literally firing on all cylinders. Chairman N Chandra’s ‘One Tata Strategy’ played a crucial role in bringing about group synergies. Earlier this year, Tata Motors became the toast of the town with the billion-dollar (Rs 7,500 crore) fund infusion by TPG Rise Climate. A rather early mover in the EV segment,… Continue reading Newsmaker of 2021: N Chandrasekaran