US Motoring Press – Page 1628 – I wish I had more to offer

Posco Daewoo delays India e-two wheeler launch on policy, business model concerns

South Korean conglomerate Posco Daewoo has postponed its re-entry into the Indian market with electric two-wheelers, due to unclear electric vehicle (EV) policies and internal discussions on its commercial strategy. HS Bhatia, MD, Kelwon Electronics and Appliances Pvt. Ltd, the exclusive manufacturing partner for Daewoo in India, told Autocar Professional that this category isn’t stable in their point of… Continue reading Posco Daewoo delays India e-two wheeler launch on policy, business model concerns

Quantum Energy reduces EV prices by Rs 10,000 across its electric two-wheelers despite government trimming FAME incentives

Despite the government’s decision to reduce incentives from Rs 10,000 per kwh to Rs 5000 per kwh, electric two-wheeler manufacturer Quantum Energy has announced plans to reduce the price of its electric scooters by Rs 10,000 and offer consumers a total incentive of Rs 75,000 for new bike purchases from various branded tie-ups until the… Continue reading Quantum Energy reduces EV prices by Rs 10,000 across its electric two-wheelers despite government trimming FAME incentives

Pre-launch bookings open for the First-Ever All-Electric BMW i5 M60 xDrive

BMW India will open bookings for the first-ever all-electric BMW i5 from 12:30 Hrs, 04 April 2024 onwards. The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network and through BMW Online Shop. Vikram Pawah, President, BMW Group India said, “The BMW… Continue reading Pre-launch bookings open for the First-Ever All-Electric BMW i5 M60 xDrive

Citroën expands retail, service footprint with new facilities in Mumbai’s Andheri and Goregaon West

French carmaker Citroën, which is part of Stellantis, has expanded its retail network in India with the inauguration of its latest showroom and workshop facilities – La Maison Citroën – Mumbai, operated by Garnet Motors, in Mumbai’s prime location of Andheri West and Goregaon West, respectively. With the new dealership and workshop facility, Citroën aims to deliver a… Continue reading Citroën expands retail, service footprint with new facilities in Mumbai’s Andheri and Goregaon West

Bharat Charge Alliance to set up 5000 plus public charging stations by FY26

The Bharat Charge Alliance aims to establish more than 5000 public charging stations across India, by FY26. The alliance comprises Log9, Trinity Cleantech, Altigreen, ETO Motors, Pulse Energy, ChargeZone with its mobility platform Billion Electric & EVnnovator along with Tork Motors and aims to address the lack of a standardised, accessible, and reliable charging infrastructure… Continue reading Bharat Charge Alliance to set up 5000 plus public charging stations by FY26

Mahindra XUV300 facelift is XUV3XO

The upcoming Mahindra XUV300 facelift has been renamed XUV3XO. It will get multiple powertrain options and the XUV3XO EV will join the line-up later. Mahindra has confirmed that the heavily refreshed compact SUV will debut globally on April 29, 2024. Mahindra aims to increase its presence in the compact SUV segment, as two of the XUV300’s competitors, the Tata Nexon and Kia… Continue reading Mahindra XUV300 facelift is XUV3XO

Mahindra XUV300 facelift is XUV3XO

Tesla to scout sites for $2-3 billion electric car plant in India: Report

Tesla is set to make significant strides in the Indian market with plans to establish a manufacturing plant in the country. According to reports from the Financial Times (FT), Tesla intends to send a team to India this month to scout locations for a proposed $2 billion to $3 billion (about Rs 16,700 crore-Rs 25,000… Continue reading Tesla to scout sites for $2-3 billion electric car plant in India: Report

Honda Cars India appoints Ryuto Shimizu as Director, Marketing & Sales

Ryuto Shimizu has assumed the office of Director, Marketing & Sales from 1 April, 2024, at Honda Cars India Ltd. (HCIL). He assumes the role previously held by Yuichi Murata, who has moved to Honda Mexico as President. Shimizu has been associated with Honda for over 25 years and has worked across several international markets during… Continue reading Honda Cars India appoints Ryuto Shimizu as Director, Marketing & Sales

Taiwan quake sends ripples through chip industry, near-term semiconductor outlook looks uncertain: Report

Taiwan, a pivotal hub in the global semiconductor supply chain, faced a significant challenge on Wednesday as a 7.4 magnitude earthquake rocked its eastern coast, impacting the operations of key chipmakers, as per a CNN report. Among the major players in Taiwan’s semiconductor landscape, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, found itself… Continue reading Taiwan quake sends ripples through chip industry, near-term semiconductor outlook looks uncertain: Report