More than 2000 Jaguar I-Pace electric cars are set to be converted into autonomous taxis at a new factory in the US. The EVs will be converted in Arizona by manufacturer Magna as part of a push by Alphabet-owned autonomous vehicle firm Waymo to expand its services. Already completing more than 250,000 autonomous taxi trips each week in Austin, Los… Continue reading More than 2000 Jaguar I-Pace EVs to become autonomous taxis
Category: US Motoring Press
Indian EV Market Faces Challenges as Subsidies Decline in April 2025
The Indian electric vehicle (EV) market experienced a mixed performance in April 2025, with significant impacts from reduced subsidies under the PM E-DRIVE scheme, according to a recent report by BNP Paribas Exane. The report, titled “EVolution: Lowered Incentive Impact on 2W Electrification,” highlights a slump in two-wheeler (E2W) electrification, steady passenger vehicle (EPV) penetration,… Continue reading Indian EV Market Faces Challenges as Subsidies Decline in April 2025
Indian EV Market Faces Challenges as Subsidies Decline in April 2025
The Indian electric vehicle (EV) market experienced a mixed performance in April 2025, with significant impacts from reduced subsidies under the PM E-DRIVE scheme, according to a recent report by BNP Paribas Exane. The report, titled “EVolution: Lowered Incentive Impact on 2W Electrification,” highlights a slump in two-wheeler (E2W) electrification, steady passenger vehicle (EPV) penetration,… Continue reading Indian EV Market Faces Challenges as Subsidies Decline in April 2025
Luminis Collaborates with Forvis Mazars in India to Expand Microbiome-Based AgTech Solutions
Luminis, a company working in microbiome intelligence and precision agriculture technologies, has announced a strategic partnership with Forvis Mazars in India, an international advisory, audit, and tax services firm. The collaboration is intended to strengthen Luminis’ presence in aquaculture and extend its solutions into India’s soil microbiome segment. Nalanda Capital Partners, acting as the strategic… Continue reading Luminis Collaborates with Forvis Mazars in India to Expand Microbiome-Based AgTech Solutions
AMPL Inaugurates Mahindra’s Largest Dealership in South India at Vijayawada
Automotive Manufacturers Private Limited (AMPL), a prominent automobile retail group in India, has inaugurated a new Mahindra dealership in Vijayawada. Located at Enikepadu on Eluru Road, the new facility is AMPL’s 135th Mahindra outlet and is described as the largest Mahindra dealership in South India. The centre has been developed with an investment of ₹15… Continue reading AMPL Inaugurates Mahindra’s Largest Dealership in South India at Vijayawada
JBM Auto Reports 20% Rise in Q4 Net Profit, Secures Major Electric Bus Order
JBM Auto Limited, one of India’s prominent automotive and electric vehicle manufacturers, has reported a consolidated net profit of ₹66 crore for the fourth quarter of FY25, marking a 20.21% increase over the ₹54.90 crore recorded in Q4FY24. The company’s total sales, including other operating income, grew by 10.75% to ₹1,645.70 crore in Q4FY25, compared… Continue reading JBM Auto Reports 20% Rise in Q4 Net Profit, Secures Major Electric Bus Order
India Projected to Have 123 Million EVs on the Road by 2032: IESA-CES Report
India could have up to 123 million electric vehicles (EVs) on its roads by 2032 under the National EV Targets (NEV) scenario, according to a new report by the India Energy Storage Alliance (IESA) and Customized Energy Solutions (CES). The report, titled India Electric Vehicle Charging Infrastructure Market Overview, outlines the nation’s rapidly expanding EV… Continue reading India Projected to Have 123 Million EVs on the Road by 2032: IESA-CES Report
Three-wheelers Lead India’s EV Push With Over 60% Market Share in April
India’s shift from petrol, diesel, and CNG vehicles to electric mobility is picking up pace, with three-wheelers leading the charge. According to April 2025 retail data from the Federation of Automobile Dealers Associations (FADA), electric vehicles have gained over 60% market share in the three-wheeler market, marking the strongest EV adoption across all vehicle categories.… Continue reading Three-wheelers Lead India’s EV Push With Over 60% Market Share in April
Sundaram Clayton Posts Growth in Profit, Expands Operations with New Mega Casting Facility in Chennai
Sundaram Clayton Limited (SCL), a prominent player in the aluminium die-casting sector, has reported a rise in profitability for the financial year 2024–25, along with significant operational milestones including the launch of a new mega casting facility in Chennai. For the year ended March 2025, SCL recorded a revenue of ₹2,109.14 crore, slightly up from… Continue reading Sundaram Clayton Posts Growth in Profit, Expands Operations with New Mega Casting Facility in Chennai
Daewoo Lubricants’ Expansion Plans in the Indian Market
In this video interview, Vineet Singh, Director, Strategy and Growth, Daewoo Lubricants (India) outlines the company’s roadmap to capture a 2% market share by FY26 with its range of highly advanced and localised products. On April 29, Korea’s Daewoo partnered India’s Mangali Industries to foray into the area of automotive lubricants in India. Daewoo Lubricants… Continue reading Daewoo Lubricants’ Expansion Plans in the Indian Market