This move was a long time coming. Earlier this year on May 5, the Delhi state government had decided to increase the Value Added Tax (VAT) on the retail of petrol and diesel in the national capital, in order to compensate for the loss of revenue during the nation-wide lock-down. As a result, while the… Continue reading Delhi government to rollback VAT hike on diesel
Author: Autocar_Professional India Online News
Mahindra launches BS VI Mojo at Rs 199,000
Mahindra has just launched the BS VI-compliant Mojo 300 at a starting price of Rs 199,000, which is Rs 11,000 more than the BS IV model. The prices go up to Rs 211,000, depending on the four colour options (all prices, ex-showroom, Delhi). Mahindra first introduced the Mojo 300 ABS in 2019, after the Mojo… Continue reading Mahindra launches BS VI Mojo at Rs 199,000
Hero Electric partners Autovert Technologies to introduce subscription-based financing plans
Hero Electric, a leading two- and three-wheeler electric vehicle maker has partnered Bangalore-based fintech start-up Autovert Technologies for seamless alternative ownership models for Hero Electric’s new customers. Under this partnership, Autovert will allow Hero Electric customers to avail for subscription-based plans for an all-inclusive price at the time of a new purchase. The all-inclusive subscription… Continue reading Hero Electric partners Autovert Technologies to introduce subscription-based financing plans
Kia Motors India releases official sketches of production-ready Sonet
A week before the global reveal on August 7, Kia Motors India today released some more sketches of the interior and exterior of its upcoming Sonet compact SUV. The interior has been revealed for the first time. The production-ready Kia Sonet has a distinctive and dynamic design, as well as many first-in-segment features. First showcased at… Continue reading Kia Motors India releases official sketches of production-ready Sonet
Ceat Q1 muted, cost control limit margin contraction
Ceat, an RPG Group company, clocked a consolidated net loss of Rs 35 crore in Q1FY2021 as against a net profit of Rs 82.2 crore in Q1FY2020. On a consolidated basis, the company’s revenue for Q1 stood at Rs 1,120 crore down from Rs 1,752.10 crore a year ago. The EBITDA margins bettered analysts’ expectations on… Continue reading Ceat Q1 muted, cost control limit margin contraction
Rapido introduces back shield for added protection
Bike taxi platform Rapido, announced the introduction of ‘Rapido Back Shields’ as an added safety measure. The shields will be worn by the drivers during rides preventing any contact with the customer on the pillion seat. Keeping the recent pandemic in mind, the new shield is a first of its kind safety measure by a… Continue reading Rapido introduces back shield for added protection
PSA Group reveals plan for new electric platform for larger vehicles
The new eVMP platform will serve as the basis for a wide range of electric vehicles for the C- and D- segments. The PSA Group has revealed plans for a new electrified eVMP platform that will underpin its larger vehicles from 2020 onwards as it moves towards a fully electrified line-up. The French giant, whose… Continue reading PSA Group reveals plan for new electric platform for larger vehicles
SEAT to increase localisation, shorten component supply chain
SEAT gathered 60 of its main suppliers in Spain and associations such as ANFAC (the Spanish Association of Car and Truck Manufacturers), Sernauto (the Spanish Association of Automotive Suppliers) and ACICAE and CIAC (automotive clusters in the Basque Country and Catalonia, respectively) today in a virtual meeting to present its strategy for the future. After… Continue reading SEAT to increase localisation, shorten component supply chain
Durr’s new business intelligence app helps keep an eagle eye on plant performance
Durr, one of the world’s leading mechanical and plant engineering firms with extensive expertise in automation and digitalisation / Industry 4, has announced a new business intelligence application for control technology. DXQbusiness.intelligence saves information optimised for reading in a separate data warehouse, visualises it using clear dashboards, and allows the user to create custom reports.… Continue reading Durr’s new business intelligence app helps keep an eagle eye on plant performance
Hyundai registers robust demand for second-gen diesel Creta
Hyundai Motor India (HMI), which introduced the second-generation Creta SUV in the Indian market earlier this year in March, is registering strong demand for the diesel powertrain in the new model. The company is offering the Creta in 1.5-litre petrol, 1.5-litre diesel and a 1.4-litre turbocharged petrol engine options, and says that so far the… Continue reading Hyundai registers robust demand for second-gen diesel Creta