Another fiscal year has come to a close and marks another high for India Electric Vehicle Inc. As per the latest retail sales data available on the Vahan portal (April 1, 2025, 6.30am), a total of 1.96 million zero-emission vehicles across segments were sold in FY2025. This constitutes a 17% year-on-year increase (FY2024: 16,81,241 EVs)… Continue reading EV sales in India rise 17% to 1.96 million in FY2025, 2- and 3Ws, cars and SUVs hit new highs
Category: US Motoring Press
Renault Elevates India’s Role in Global Strategy with Full Control of Chennai Plant
Renault Group is sharpening its international focus with India at the core of its global expansion blueprint. By acquiring 100% ownership of its Chennai-based plant – Renault Nissan Automotive India Pvt Ltd (RNAIPL)- Renault is strengthening its ability to manufacture, export, and develop vehicles for global markets from a cost-competitive base. During an investor call,… Continue reading Renault Elevates India’s Role in Global Strategy with Full Control of Chennai Plant
Tesla plunges 36% in first quarter, worst performance for any period since 2022
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images Tesla’s stock just wrapped up its worst quarter since 2022 and suffered its third-steepest drop in the company’s 15… Continue reading Tesla plunges 36% in first quarter, worst performance for any period since 2022
Aston Martin shares pop as Canadian billionaire Lawrence Stroll invests more cash
An Aston Martin DB12 is displayed in the Mayfair showroom on Park Lane on January 09, 2025 in London, England. John Keeble | Getty Images News | Getty Images Shares of Aston Martin jumped as much as 13% on Monday after the British luxury carmaker said it will raise more than £125 million ($161.7 million)… Continue reading Aston Martin shares pop as Canadian billionaire Lawrence Stroll invests more cash
Tech Talk: Giving EV Motors a Second Life
The problems associated with rare and difficult-to-obtain materials – as used in motors that power EVs as well as batteries – provide a good reason for focusing on recycling and finding alternatives. Most EVs have permanent magnet synchronous motors (PMSMs), where the rotor has permanent magnets embedded in it that are attracted to a rotating… Continue reading Tech Talk: Giving EV Motors a Second Life
Royal Enfield Set to Ride Past 1-Million-Unit Sales Milestone in FY2025
For the first time in its storied history, Royal Enfield is estimated to have crossed the 1-million-unit sales milestone in a single financial year, marking a defining moment for the iconic mid-size motorcycle maker. Market sources told Autocar Professional that the company is estimated to have dispatched over 90,000 units in March 2025, surpassing its… Continue reading Royal Enfield Set to Ride Past 1-Million-Unit Sales Milestone in FY2025
JBM Auto’s Chief Human Resources Officer Girish Goyal Steps Down
JBM Auto Limited, a leading automotive components manufacturer, announced the resignation of Girish Goyal from his position as Chief Human Resources Officer. The resignation took effect on March 28, according to a regulatory filing by the company. In a notification to the stock exchanges submitted today, JBM Auto stated that Goyal’s resignation was due to… Continue reading JBM Auto’s Chief Human Resources Officer Girish Goyal Steps Down
“We Are Here to Stay”: Nissan Reaffirms India Commitment Despite Exit from mfg JV
Even as Nissan Motor Company exits ownership of its Chennai manufacturing joint venture with Renault, the Japanese automaker has made one thing clear – it has no plans to exit India. With six new models in the pipeline and a €700 million commitment to the Indian market, Nissan reiterated its resolution to investing in India’s… Continue reading “We Are Here to Stay”: Nissan Reaffirms India Commitment Despite Exit from mfg JV
Nissan Bets Big on India with €700M Investment, 6 New Models — But Will Renault’s Control of Manufacturing Limit Its Ambitions?
Nissan Motor Company has outlined ambitious plans for its Indian business, including six new models, €700 million in investments, and a target to double its sales volume to 2 lakh units by 2026. Having endured with one model, Magnite, the company believes it has the momentum it needs to take a more significant step in… Continue reading Nissan Bets Big on India with €700M Investment, 6 New Models — But Will Renault’s Control of Manufacturing Limit Its Ambitions?
TVS Motor Company Divests Stake in ION Mobility, Acquires Assets for USD 1.75 Million
Leading two-wheeler manufacturer, TVS Motor Company Limited announced today that its wholly-owned subsidiary, TVS Motor (Singapore) Pte Ltd. (TVSM Singapore), has divested its stake in ION Mobility Pte. Ltd., a Singapore-based associate company. The transaction, completed today, involved TVSM Singapore exchanging its equity in ION Mobility for identified assets from the company, with a net… Continue reading TVS Motor Company Divests Stake in ION Mobility, Acquires Assets for USD 1.75 Million