Minister of Heavy Industries HD Kumaraswamy on Tuesday urged the automaker to comply with the guidelines while availing the benefits under the newly launched PM E-Drive and other Production-Linked Incentives (PLI) schemes. “I request manufacturers [to adhere to guidelines]…because some companies were not following the guidelines of the scheme [FAME]…I don’t want to any scope… Continue reading Kumaraswamy urges OEMs to follow PM E-Drive, PLI scheme guidelines
Category: US Motoring Press
Bajaj Auto, TVS Motor report 20% YoY growth in total September wholesales
Both Bajaj Auto Ltd and TVS Motor Company today reported a 20% growth on a year-on-year basis in their total sales, including two-wheelers and commercial vehicles during September. The sales growth was primarily driven by strong growth in two-wheeler dispatches. Bajaj Auto dispatched a total of 469,531 vehicles during September, compared with 392,558 vehicles in… Continue reading Bajaj Auto, TVS Motor report 20% YoY growth in total September wholesales
Hero MotoCorp’s total September wholesales up 18.7% YoY; HMSI records 11% growth
India’s largest two-wheeler maker today posted an 18.7% on-year growth in its total dispatches in September, while the second largest two-wheeler maker Honda Motorcycle & Scooter India recorded an 11% growth in total sales. Both companies pushed more vehicles to dealerships in anticipation of strong sales during the peak festival season. The automaker dispatched a… Continue reading Hero MotoCorp’s total September wholesales up 18.7% YoY; HMSI records 11% growth
Tesla set to report Q3 deliveries ahead of robotaxi event
Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. Shannon Stapleton | Reuters Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday. Analysts are expecting Elon Musk‘s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That… Continue reading Tesla set to report Q3 deliveries ahead of robotaxi event
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared… Continue reading GM reports 2.2% decrease in third-quarter sales, but EVs make gains
Chinese EV brands Li Auto and Zeekr report record deliveries for September
A Li L6 by Li Auto is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. Tingshu Wang | Reuters BEIJING — Chinese new energy vehicle brands Li Auto and Zeekr each delivered a record number of cars in September, according to company data… Continue reading Chinese EV brands Li Auto and Zeekr report record deliveries for September
Fiat 500e production pause extended due to sales slump
Stellantis has extended the production pause of the Fiat 500e, due to continued low EV demand. Originally pencilled to last a month to October 13, the pause will now end on November 1. This slump in demand has left the European electric car market “in deep trouble”, Stellantis told trade unions. The brand previously said… Continue reading Fiat 500e production pause extended due to sales slump
Renault shows first images of reborn 4
The 4 will share the Renault Group’s Ampr Small EV platform with the 5. The two EVs are even set to have the same 2.54m wheelbase. It’s expected to offer the 5’s three single-motor, front-wheel-drive powertrains with outputs of 94bhp, 121bhp and 148bhp, as well as its 40kWh and 52kWh battery packs. As previously reported… Continue reading Renault shows first images of reborn 4
JSW MG Windsor EV set to be booked at Rs 11,000
JSW MG Motor India has announced that bookings for the MG Windsor, branded as India’s first Intelligent CUV, will begin on October 3, 2024, at 7:30 am. Customers can reserve the vehicle by visiting an MG dealership or by using the MG Motor India website, with a booking amount set at INR 11,000. Deliveries for… Continue reading JSW MG Windsor EV set to be booked at Rs 11,000
Ford in discussions to make EVs in way back to India, says TRB Rajaa: Report
Ford Motor Co. is deliberating plans to make EVs at its plant in Tamil Nadu, as it looks to re-enter India, three years after it announced closing its local factories in the country, Bloomberg reported. Ford is yet to take a call on what it will manufacture in India, TRB Rajaa, the Tamil Nadu Industries… Continue reading Ford in discussions to make EVs in way back to India, says TRB Rajaa: Report