Rating agency ICRA projects its sample of 45 auto ancillaries (with aggregate annual revenues of Rs 2,70,000 crore in FY2023) to grow by 9-11% in FY2024, driven by healthy domestic demand despite a high base and moderate growth in exports. For FY2025, the growth is expected to be relatively lower to 5-7%, with likely moderation… Continue reading Revenue growth in auto component industry to moderate to 5-7% in FY2025: ICRA
Category: US Motoring Press
Naveen Patnaik launches affordable bus services in 5 additional districts of Odisha: PTI
Odisha Chief Minister Naveen Patnaik launched affordable bus services to remote areas in five additional districts in the state, PTI reported. The Chief Minister has launched the bus service under LAccMI (Location Accessible Multi-modal Initiative) in Bolangir, Bargarh, Bhadrak, Mayurbhanj and Sundergarh districts through video conferencing from Bhubaneswar, PTI noted. The LAccMi bus service connecting… Continue reading Naveen Patnaik launches affordable bus services in 5 additional districts of Odisha: PTI
Tata Elxsi unveils new global design and engineering centre in Pune
Design and technology services provider Tata Elxsi has unveiled a new global design and engineering centre in the Sukhwani Business Hub, Chinchwad, in Pune. The new centre is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1 suppliers. It will house over 1000 engineers, designers and… Continue reading Tata Elxsi unveils new global design and engineering centre in Pune
Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, the market leader in the electric passenger vehicle segment with an over 70% share, has slashed prices of two of its high-selling models – the Nexon.ev and the Tiago.ev – as a result of reduced battery prices. While the starting price of the Medium… Continue reading Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, the market leader in the electric passenger vehicle segment with an over 70% share, has slashed prices of two of its high-selling models – the Nexon.ev and the Tiago.ev – as a result of reduced battery prices. While the starting price of the Medium… Continue reading Tata Motors slashes Nexon.ev price by up to Rs 120,000, Tiago.ev by Rs 70,000
Ultraviolette signs MoU to set up EV charging stations at HPCL fuel stations
Ultraviolette has signed an MoU with HPCL to install electric vehicle charging stations at key HPCL fuel stations across India. The MoU was signed at the Bharat Mobility Global Expo 2024. Under the first phase of the partnership, Ultraviolette will set up chargingstations at HPCL retail fuel pumps in 12 select states, followed by expansion… Continue reading Ultraviolette signs MoU to set up EV charging stations at HPCL fuel stations
Industry facing ‘serious’ battles with poor image and record vacancies
A poor image, record vacancies and a growing skills gap are among the serious challenges facing the motor industry, according to a new report from the Institute of the Motor Industry (IMI). ‘Driving auto forwards’ identifies 10 issues as vehicle technology and the market evolve that, if not addressed, put the industry at risk of… Continue reading Industry facing ‘serious’ battles with poor image and record vacancies
How China Built BYD, Its Tesla Killer
China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China… Continue reading How China Built BYD, Its Tesla Killer
New Audi RS5 estate set to rival AMG C63 with hybrid V6
Saloon and Avant estate bodystyles will be offered for the standard A5, with each unlikely to grow in size compared with the current A4. For reference, it stretches to 4772mm in length, 1847mm in width and 1435mm in height. Only the estate has been spotted testing so far in full-bore RS guise, and it is… Continue reading New Audi RS5 estate set to rival AMG C63 with hybrid V6
Chinese car makers Seres and Skywell confirmed for UK this year
Chinese car brands Seres and Skywell will be launched in the UK later this year by importer Innovation Automotive. Seres was founded in 2017 by Chongqing-based industrial group Sokon but is headquartered in California. Its 3 electric car will be brought to the UK in May, priced from £29,995 – £500 cheaper than the MG ZS EV. The Nissan Qashqai-sized SUV has a 161bhp motor on the… Continue reading Chinese car makers Seres and Skywell confirmed for UK this year