The government expects to start disbursing the incentives under the production-linked incentive (PLI) scheme for automobile and auto components in the January-March quarter of the current financial year 2025, according to the Ministry of Heavy Industries. The Rs 25,938 crore output-linked incentive scheme was launched in 2021 to boost domestic manufacturing of advanced automotive technology… Continue reading Govt to disburse incentives under PLI Auto scheme from Q4FY25
Category: US Motoring Press
Renault India introduces standard 3-Year warranty, extended coverage options
Renault India, a subsidiary of the Renault Group, has announced a standard 3-year or 1,00,000 km warranty for all vehicles delivered from January 1, 2025. This warranty covers mechanical and electrical issues related to material defects, workmanship, or manufacturing faults, aiming to enhance customer confidence in Renault’s products. Additionally, the company has introduced extended… Continue reading Renault India introduces standard 3-Year warranty, extended coverage options
After record growth in 2024, M&M’s Anish Shah sets bold agenda for 2025
Mahindra Group concluded 2024 achieving record-breaking growth across its business verticals and is setting the stage for an ambitious 2025. In a message to associates, Managing Director and CEO Anish Shah said that Mahindra’s balanced portfolio across the Auto, Farm, and Services sectors has been instrumental in its success, contributing significantly to profitability while establishing… Continue reading After record growth in 2024, M&M’s Anish Shah sets bold agenda for 2025
After record growth in 2024, M&M’s Anish Shah sets bold agenda for 2025
Mahindra Group concluded 2024 achieving record-breaking growth across its business verticals and is setting the stage for an ambitious 2025. In a message to associates, Managing Director and CEO Anish Shah said that Mahindra’s balanced portfolio across the Auto, Farm, and Services sectors has been instrumental in its success, contributing significantly to profitability while establishing… Continue reading After record growth in 2024, M&M’s Anish Shah sets bold agenda for 2025
AlphaVector’s Ninety One cycles surpasses 3 million sales, expands into electric two-wheelers
AlphaVector (India) Pvt. Ltd., the company behind the Ninety One Cycles brand, has surpassed a significant milestone by selling over 3 million bicycles, including a record 440,000 units in 2024. The company experienced over 100% sales growth in states like Uttar Pradesh, Bihar, Chhattisgarh, Odisha, and Jharkhand, driven by increasing demand for accessible and dependable… Continue reading AlphaVector’s Ninety One cycles surpasses 3 million sales, expands into electric two-wheelers
Tata Motors, Mahindra claim Rs 246 crore as incentives under PLI Auto Scheme
Tata Motors Ltd and Mahindra & Mahindra have submitted a total of Rs 246 crore in incentive claims under the government’s production-linked incentive (PLI) scheme for automobile and auto components, according to the Ministry of Heavy Industries. These incentive claims are made on determined sales for the financial year 2024 and the claims have been… Continue reading Tata Motors, Mahindra claim Rs 246 crore as incentives under PLI Auto Scheme
Maharashtra government rings in 2025 with plans for bike taxis and maxi cabs
As part of a 100-day plan to improve the state’s transport system, Chief Minister, Devendra Fadnavis recently announced that, Maharashtra will introduce bike taxis and maxi taxis in 2025, which are shuttle services that can carry 10-12 passengers. While the maxi taxi project intends to serve satellite cities and rural areas within Maharashtra, the bike… Continue reading Maharashtra government rings in 2025 with plans for bike taxis and maxi cabs
Hyundai Creta EV debuts in India with two battery options and up to 473 km range
Hyundai Motor India Limited (HMIL) has introduced the Hyundai Creta Electric, marking a significant development in its electric vehicle (EV) portfolio. This new model brings together SUV design, performance, and sustainability, catering to the evolving preferences of Indian consumers. The Hyundai Creta Electric features design elements inspired by Hyundai’s global pixel design language. Its… Continue reading Hyundai Creta EV debuts in India with two battery options and up to 473 km range
Porsche to make India debut at Bharat Mobility Global Expo 2025 with new launches
Porsche India is set to make its much-anticipated debut at the Bharat Mobility Global Expo 2025, scheduled to take place in New Delhi from January 17 to 22. The luxury carmaker is gearing up to unveil a lineup of vehicles, marking a pivotal moment in its journey in the Indian market. The event will feature… Continue reading Porsche to make India debut at Bharat Mobility Global Expo 2025 with new launches
Royal Enfield total sales up 25% in December, exports surge 90%
Royal Enfield concluded December 2024 with total sales of 79,466 motorcycles, marking a 25% increase compared to the same period last year. The company’s domestic sales reached 67,891 units, up 19% from 57,291 units in December 2023, while exports saw a 90% jump with 11,575 units compared to 6,096 units in the previous year. The… Continue reading Royal Enfield total sales up 25% in December, exports surge 90%