Olectra Greentech Limited has disclosed receiving a penalty notice of ₹2,57,87,484 (including GST) from the Telangana Industrial Infrastructure Corporation Limited (TGIIC) for delays in completing construction of its electric vehicle manufacturing facility. The penalty covers the period from November 12, 2023, to November 11, 2025, and relates to the company’s 150-acre Greenfield EV Manufacturing Facility… Continue reading Olectra Greentech Faces ₹2.58 Crore Penalty for Facility Delay
Author: Autocar_Professional India Online News
Readily Mobility Initiates Public Conversion Ahead of Planned IPO
Readily Mobility Solutions Private Limited has begun the process of converting to a public company in preparation for an Initial Public Offering, the company announced today. The move signals the firm’s intent to strengthen its position as a comprehensive clean-energy aftersales platform serving India’s mobility and renewable energy sectors. The company is evaluating an IPO… Continue reading Readily Mobility Initiates Public Conversion Ahead of Planned IPO
Exicom Launches End-to-End Solution for EV Charging Infrastructure Deployment
Exicom Tele-Systems Limited announced the launch of Exicom One on December 18, a turnkey platform designed to manage the complete deployment and operation of electric vehicle charging infrastructure. The solution combines site assessment, electrical installation, software integration, and ongoing maintenance under a single service framework. The New Delhi-based manufacturer, which trades on BSE under code… Continue reading Exicom Launches End-to-End Solution for EV Charging Infrastructure Deployment
RSB Group Prepares for Hyper-Growth: New Markets, Tech and Mission ₹10,000 Cr
In 1973, when a young engineering graduate named R.K. Behera got a small plot in Jamshedpur from industrial development corporation neither he nor his younger brother S.K. Behera could have imagined that the modest sheet-metal unit they were building would one day become one of India’s respected driveline manufacturers. With a capital pool that barely… Continue reading RSB Group Prepares for Hyper-Growth: New Markets, Tech and Mission ₹10,000 Cr
Bajaj Auto Launches 2026 Pulsar 220F with LED Indicators
Bajaj Auto Ltd. launched the 2026 Pulsar 220F on Wednesday, priced at INR 1.28 lakh, featuring LED turn indicators and four new colour options available across its dealerships in India. The updated motorcycle comes in Black Cherry Red, Black Ink Blue, Black Copper Beige, and Green Light Copper colours with refreshed graphics. The addition of… Continue reading Bajaj Auto Launches 2026 Pulsar 220F with LED Indicators
ICRA Reports 22% Year-on-Year Growth in Passenger Vehicle Retail Sales for November
ICRA has reported year-over-year growth in wholesale and retail volumes for the passenger vehicle industry in November 2025, driven by sustained post-festive demand, GST rate cuts, and the winter wedding season. Retail sales grew 22% YoY but declined 29% from October’s festive peak, while wholesale volumes increased 19% YoY to 4.1 lakh units as OEMs… Continue reading ICRA Reports 22% Year-on-Year Growth in Passenger Vehicle Retail Sales for November
Oben Electric Raises Rs 85 Crore in Pre-Series B Funding Round
Oben Electric has raised Rs 85 crore in its Pre-Series B funding round, with participation from Indian American family offices including Raj K Soin, Musa Dakri, and Ramesh Bhutada, along with existing investors. The electric motorcycle manufacturer plans to use the funds for national retail expansion and new product launches, targeting Rs 100 crore revenue… Continue reading Oben Electric Raises Rs 85 Crore in Pre-Series B Funding Round
Maruti Suzuki WagonR Crosses 35 Lakh Production Units
Maruti Suzuki India Limited has achieved cumulative production of 35 lakh units of the WagonR across three generations since its launch in December 1999. The vehicle is currently manufactured at the company’s facilities in Gurugram and Manesar in Haryana, joining Alto and Swift as the only Maruti Suzuki models to cross this production milestone. The… Continue reading Maruti Suzuki WagonR Crosses 35 Lakh Production Units
LG Energy Solution Terminates $6.5 Billion Battery Supply Deal with Ford: Reuters
LG Energy Solution has terminated an electric vehicle battery supply contract with Ford Motor worth approximately 9.6 trillion won ($6.5 billion), the South Korean battery manufacturer announced in a regulatory filing on Wednesday, according to Reuters. The termination followed notification from Ford after the automaker decided to halt production of some EV models due to… Continue reading LG Energy Solution Terminates $6.5 Billion Battery Supply Deal with Ford: Reuters
Nissan to Launch 7-Seater B-MPV Gravite in Early 2026
Nissan Motor India will launch its 7-seater B-MPV named Gravite in early 2026 as the first model under the company’s revitalized product strategy for India. The vehicle will be manufactured locally at Renault’s Chennai facility and is part of a three-model product roadmap announced in July 2024. The product offensive includes the Gravite launch in… Continue reading Nissan to Launch 7-Seater B-MPV Gravite in Early 2026