VE Commercial Vehicles Limited (VECV), a joint venture between the Volvo Group and Eicher Motors, hosted H.E. Jan Thesleff, Ambassador of Sweden to India, at its manufacturing facilities in Pithampur. The visit marked the 17th anniversary of the VECV partnership. Accompanying the Ambassador were Markus Lundgren, Counsellor and Head of Trade Section, Embassy of Sweden,… Continue reading VECV hosts Swedish ambassador at Pithampur facility, showcases India-Sweden collaboration
Author: Autocar_Professional India Online News
Govt extends FY25 subsidies for cargo electric 3-wheelers at reduced rates
The government has extended the demand incentive for cargo electric three-wheelers under the PM E-Drive scheme at a reduced rate for the current financial year, a senior government official said. The extension comes after the allocated subsidy for electric cargo three-wheelers under the scheme for the financial year 2025 exhausted earlier this month. The scheme’s… Continue reading Govt extends FY25 subsidies for cargo electric 3-wheelers at reduced rates
Govt extends FY25 subsidies for cargo electric 3-wheelers at reduced rates
The government has extended the demand incentive for cargo electric three-wheelers under the PM E-Drive scheme at a reduced rate for the current financial year, a senior government official said. The extension comes after the allocated subsidy for electric cargo three-wheelers under the scheme for the financial year 2025 exhausted earlier this month. The scheme’s… Continue reading Govt extends FY25 subsidies for cargo electric 3-wheelers at reduced rates
RSB Group celebrates 50 years of growth, eyes significant expansion in the next few years
RSB Group, a leading automotive component manufacturer in India, marks its 50th anniversary, reflecting on a history of growth, resilience, and innovation. Founded by brothers R.K. Behera and S.K. Behera in 1974 with an initial investment of Rs 2 lakh, including a Rs 20,000 state subsidy for technocrats, the company has expanded to become a… Continue reading RSB Group celebrates 50 years of growth, eyes significant expansion in the next few years
ORIX Auto infrastructure services rebrands as ORIX Corporation India Ltd.
ORIX Auto Infrastructure Services Ltd., a provider of mobility and financial services solutions, has officially been renamed ORIX Corporation India Ltd. The updated name reflects the company’s strategic evolution and continued focus on the mobility and financial services sectors in India. With its global experience and diverse range of services, ORIX Corporation India Ltd.… Continue reading ORIX Auto infrastructure services rebrands as ORIX Corporation India Ltd.
Nissan begins exports of the new Magnite to South Africa
Nissan Motor India has started exporting its recently launched New Nissan Magnite to South Africa as part of its ‘One Car, One World’ initiative. This follows the vehicle’s launch in October 2024, with the first shipment being dispatched from Nissan’s Alliance JV plant in Chennai. Within a month, over 2,700 units have been exported to… Continue reading Nissan begins exports of the new Magnite to South Africa
Greaves Cotton’s EV financing arm targets half a million financed EVs over next five years
Evfin, the lending subsidiary of Greaves Cotton, plans to achieve a portfolio of 500,000 financed electric two-wheelers over the next five years, a significant increase from its current base of approximately 12,000 units. This expansion aligns with India’s broader push toward cleaner transportation solutions, with evfin aiming to serve up to 80% of the EV… Continue reading Greaves Cotton’s EV financing arm targets half a million financed EVs over next five years
Greaves Cotton’s EV financing arm targets half a million financed EVs over next five years
Evfin, the lending subsidiary of Greaves Cotton, plans to achieve a portfolio of 500,000 financed electric two-wheelers over the next five years, a significant increase from its current base of approximately 12,000 units. This expansion aligns with India’s broader push toward cleaner transportation solutions, with evfin aiming to serve up to 80% of the EV… Continue reading Greaves Cotton’s EV financing arm targets half a million financed EVs over next five years
Tata Motors launches Prima 4440.S AMT Truck in Saudi Arabia
Tata Motors has launched its first Automated Manual Transmission (AMT) truck, the Prima 4440.S AMT, in Saudi Arabia. Built on the company’s flagship Prima platform, the truck is designed to combine driver comfort, fuel efficiency, and reliable performance. It features a robust drivetrain, durable components, and a comfortable cabin to enhance productivity and profitability for… Continue reading Tata Motors launches Prima 4440.S AMT Truck in Saudi Arabia
Electric 3-wheelers will not need subsidies beyond FY26, says Anish Shah
The electric three-wheeler industry will not have to depend on government subsidies beyond the financial year 2026, as it will have reached a level of scale of self-sufficiency, Anish Shah, President, Federation of Indian Chambers of Commerce and Industry said. “The subsidy has come down as increased volume and scale has driven down costs. The… Continue reading Electric 3-wheelers will not need subsidies beyond FY26, says Anish Shah