Global automakers including Mercedes-Benz, Volkswagen, Skoda, Hyundai, and Kia have formally expressed interest in India’s scheme to promote the manufacturing of electric passenger cars, according to Minister of Heavy Industries HD Kumaraswamy. “Mercedes-Benz, Volkswagen, Skoda, then Hyundai and Kia — all these companies have already shown interest formally. Tesla, we are not actually expecting from… Continue reading Mercedes-Benz, Volkswagen, Hyundai, Show Interest in India’s Electric Car Manufacturing Scheme
Category: US Motoring Press
FY26 Export Target at 4 Lakh, With Eyes Set on 50% Market Share in the long term: Rahul Bharti
India’s largest carmaker Maruti Suzuki’s export push gained momentum as the carmaker reported a 50% year-on-year jump in overseas shipments to 59,130 units in April–May FY26. Backed by its strategy to de-risk from domestic market pressures, the company is targeting 4 lakh vehicle exports for the full fiscal year. “Our de-risking strategy of pursuing growth… Continue reading FY26 Export Target at 4 Lakh, With Eyes Set on 50% Market Share in the long term: Rahul Bharti
India Releases Guidelines for Electric Car Manufacturing Scheme
The Ministry of Heavy Industries has issued detailed guidelines for its Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMPCI), outlining how global automakers can access reduced import duties while establishing local manufacturing operations. The scheme, first announced in March 2024, targets electric passenger car manufacturers with specific investment requirements and timeline commitments.… Continue reading India Releases Guidelines for Electric Car Manufacturing Scheme
India Releases Guidelines for Electric Car Manufacturing Scheme
The Ministry of Heavy Industries has issued detailed guidelines for its Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMPCI), outlining how global automakers can access reduced import duties while establishing local manufacturing operations. The scheme, first announced in March 2024, targets electric passenger car manufacturers with specific investment requirements and timeline commitments.… Continue reading India Releases Guidelines for Electric Car Manufacturing Scheme
Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Auto component major Ramkrishna Forgings, received new orders worth Rs 710 crore in Q4FY25 with the program life being four years. About 74% of the new order wins are from the automotive segment while 23% coming from non-automotive segment in line with the diversification strategy, the company informed in a post result call with the… Continue reading Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Auto component major Ramkrishna Forgings, received new orders worth Rs 710 crore in Q4FY25 with the program life being four years. About 74% of the new order wins are from the automotive segment while 23% coming from non-automotive segment in line with the diversification strategy, the company informed in a post result call with the… Continue reading Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Ramkrishna Forgings’ Inventory Overhaul Sparks Reforms Amid Investor Concerns
Ramkrishna Forgings Ltd., one of India’s key suppliers of forged automotive components, is undertaking a major internal overhaul following the preliminary findings of an independent investigation that uncovered significant inventory discrepancies. As the company admits to lapses stemming from its inability to scale systems in line with aggressive expansion, management is now moving to implement… Continue reading Ramkrishna Forgings’ Inventory Overhaul Sparks Reforms Amid Investor Concerns
Real range anxiety: Driving London to Land’s End in 1921
Indeed, many competitors floundered, but there were several impressive performances too, like that by VG Lloyd, who “astounded everyone with his speed” in his two-cylinder Carden. Notably, Lionel Martin “romped up the hill” in his new production Aston Martin (he had co-founded the company in 1913 to build hillclimb specials; Aston was a course in Buckinghamshire).… Continue reading Real range anxiety: Driving London to Land’s End in 1921
‘Too many brands?’ Why Chery is adding Lepas to Jaecoo and Omoda
At Chery’s sprawling HQ in the city of Wuhu, two hours west of Shanghai, dozens of prototypes circle the streets linking the company’s various R&D facilities. In one prototype jam, we spot a camouflaged Lepas with Audi’s four rings crudely drawn on tape covering the badge. The marking was clearly a joke, but it was also… Continue reading ‘Too many brands?’ Why Chery is adding Lepas to Jaecoo and Omoda
New-look Toyota Aygo X gains 74mpg hybrid; drops manual
Autocar understands that Toyota sold some 14,000 examples of the city car in the UK last year. Had those all been the new hybrid, Toyota would have been able to sell in excess of 2000 additional ICE cars while remaining within its limit. Separately from the ZEV mandate, such a significant reduction would have given Toyota… Continue reading New-look Toyota Aygo X gains 74mpg hybrid; drops manual