TVS Eurogrip, which manufactures, markets and also exports tyres for two- and three-wheeler tyres, and off-highway machinery, is targeting demand and potential in Latin America. The company displayed its latest range of tyres at the Latin Tyre & Auto Parts Expo, held from June 14-16 in Panama. The Latin Tyre & Auto Parts Expo is the… Continue reading TVS Eurogrip targets Latin American markets, displays latest portfolio at tyre expo
Category: US Motoring Press
Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike
In order to compensate for the total cost increase brought on by the FAME II subsidy change, the maker of S1 Pro, Ola Electric has teamed up with IDFC First Bank and L&T Financial Services to offer two-wheeler loans at 6.99% with an extended term of 5 years. The company plans to reduce the cost of loans… Continue reading Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike
Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike
In order to compensate for the total cost increase brought on by the FAME II subsidy change, the maker of S1 Pro, Ola Electric has teamed up with IDFC First Bank and L&T Financial Services to offer two-wheeler loans at 6.99% with an extended term of 5 years. The company plans to reduce the cost of loans… Continue reading Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike
Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike
In order to compensate for the total cost increase brought on by the FAME II subsidy change, the maker of S1 Pro, Ola Electric has teamed up with IDFC First Bank and L&T Financial Services to offer two-wheeler loans at 6.99% with an extended term of 5 years. The company plans to reduce the cost of loans… Continue reading Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike
Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme
It was good times just a few weeks ago for the electric 2W industry in India. E2w sales saw a record volume of 1,05,000 units last month, zipping past the 100,000 mark for the first time. The average run rate for electric two-wheelers, which was around 80,000 units in March is soon going to be… Continue reading Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme
Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme
It was good times just a few weeks ago for the electric 2W industry in India. E2w sales saw a record volume of 1,05,000 units last month, zipping past the 100,000 mark for the first time. The average run rate for electric two-wheelers, which was around 80,000 units in March is soon going to be… Continue reading Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme
Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan will give Toyota up to US$ 841 million in subsidies to invest in the domestic production of batteries in electric vehicles, Industry Minister Yasutoshi Nishimura said. Toyota laid out a plan for new technology and revamping of factories, sending a clear signal to garner a larger pie of the growing market for battery electric… Continue reading Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan will give Toyota up to US$ 841 million in subsidies to invest in the domestic production of batteries in electric vehicles, Industry Minister Yasutoshi Nishimura said. Toyota laid out a plan for new technology and revamping of factories, sending a clear signal to garner a larger pie of the growing market for battery electric… Continue reading Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan’s Musashi Seimitsu Industries announces E-mobility foray in India, to invest Rs 70 crore for EV venture
Musashi India, a manufacturer of two-wheeler and four-wheeler transmission components in India, has announced its foray into the E-mobility space in the Indian market. Focused on building high-performance and safe auto components, Musashi, a 100% owned subsidiary of Musashi Seimitsu Industries, Japan will manufacture the E-Axle at its Bengaluru plant starting October 2023. Musashi will… Continue reading Japan’s Musashi Seimitsu Industries announces E-mobility foray in India, to invest Rs 70 crore for EV venture
Tata Motors optimistic about FY24 CV demand despite near-term challenges
Tata Motors, the country’s largest commercial vehicle (CV) manufacturer, is optimistic about strong overall CV demand in the fiscal year 2024 (FY24) despite near-term challenges, including rising interest rates, fuel prices, and inflation. In a presentation to investors, Tata Motors said it expects the government’s continued emphasis on infrastructure development to support CV demand in… Continue reading Tata Motors optimistic about FY24 CV demand despite near-term challenges