Shares of most automobile and battery manufacturing companies closed higher today, after Finance Minister Nirmala Sitharaman announced a slew of measures to drive the rural economy, and accelerate electric vehicle adoption in the country. The Nifty Auto index ended 1.9% higher at 23,305.45 level. In intraday trade, the index had gained by 2.9%. Of the… Continue reading BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
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BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
Shares of most automobile and battery manufacturing companies closed higher today, after Finance Minister Nirmala Sitharaman announced a slew of measures to drive the rural economy, and accelerate electric vehicle adoption in the country. The Nifty Auto index ended 1.9% higher at 23,305.45 level. In intraday trade, the index had gained by 2.9%. Of the… Continue reading BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
The government has allocated Rs 2,819 crore for the production-linked incentive (PLI) scheme for automobile and auto components in the financial year 2026, as per the union budget presented today. The government had initially allocated a much larger amount of Rs 3,500 for the scheme in the financial year 2025 . However, revised budget estimate… Continue reading BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
The government has allocated Rs 2,819 crore for the production-linked incentive (PLI) scheme for automobile and auto components in the financial year 2026, as per the union budget presented today. The government had initially allocated a much larger amount of Rs 3,500 for the scheme in the financial year 2025 . However, revised budget estimate… Continue reading BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
BUDGET 2025: Capital expenditure rises to Rs 11.2 lakh crore, boost to infra and auto
The Union Budget 2025 has allocated ₹11.2 lakh crore for capital expenditure in FY2026, up from ₹10.2 lakh crore in FY2025. This represents a 10.1% increase compared to the previous year. The government’s focus on fiscal consolidation, while continuing its capex thrust augurs well for the economy, says Ashish Modani, Senior Vice President & Group… Continue reading BUDGET 2025: Capital expenditure rises to Rs 11.2 lakh crore, boost to infra and auto
Tata Motors sells 48,076 cars and SUVs in January, EV sales down 25%
Tata Motors has announced wholesales of 48,076 passenger vehicles in January 2025, down 10% year on year (January 2024: 53,633 units). This includes 5,240 electric vehicles, whose sales are down 25% YoY (January 2024: 6,979 EVs). The company, which retails eight passenger vehicles – Altroz, Tigor, Tiago, Nexon, Punch, Harrier, the Safari and the Curvv… Continue reading Tata Motors sells 48,076 cars and SUVs in January, EV sales down 25%
Tata Motors’ domestic CV wholesales drop 2% YoY
Mumbai-based Tata Motors’ domestic commercial vehicle wholesales dropped by 2% to 30,083 units during January 2025, as compared to a similar period last year, when 30,643 units were registered. As per the data released by the company, HCV (Heavy Commercial Vehicles) registered a 1% increase, with 8,990 units sold during January 2025, as against 8,906 units sold during… Continue reading Tata Motors’ domestic CV wholesales drop 2% YoY
Why Electra EV chose edge computing, and not cloud computing, for its SDV offering
EV powertrain supplier Electra EV has decided to change its IT infrastructure strategy by relying more on edge computing rather than cloud-based systems for its recently launched Software-Defined Vehicle (SDV) offerings. “We don’t rely on the cloud, we rely on the edge,” said Samir Yajnik, CEO & Executive Director of Electrodrive Powertrain Solutions, emphasizing the company’s… Continue reading Why Electra EV chose edge computing, and not cloud computing, for its SDV offering
Reduce dependence on imported EV parts – Economic Survey
With a view to reducing dependence of foreign countries such as China, the Economic Survey for 2024-24 has called for government policies aimed at de-risking EV supply chains by promoting a more self-reliant ecosystem. China plays a central role in the global supply chain for EV components, such as batteries and rare-earth minerals, and any… Continue reading Reduce dependence on imported EV parts – Economic Survey
Latest News In Electric Vehicles – Battery Swapping Growth Fuels Global EV Sector Expansion
Recent developments in the electric vehicle (EV) sector highlight significant growth in the EV battery swapping market, projected to reach USD 2.8 billion by 2029. This surge is driven by advancements in technology, growing consumer demand, and supportive government policies aimed at expanding battery swapping infrastructure, notably in regions like China and India. The market… Continue reading Latest News In Electric Vehicles – Battery Swapping Growth Fuels Global EV Sector Expansion