With the government announcing the Vehicle Scrappage Policy earlier this year, there is new momentum in this field and Maharashtra too is mulling its own scacppage policy. As is known, the Mahindra Group has the first-mover advantage with its Cero Recycling which began vehicle scrappage and recycling operations a few years ago. On November 23, 2021, Maruti Suzuki… Continue reading India to see 70 vehicle scrappage centres by 2026
Tag: Suzuki
Tata Motors and Maharashtra to set up scrapping facility
Tata Motors, India’s largest commercial vehicle manufacturer, today signed an MoU with the Government of Maharashtra, through the Industries, Energy and Labour Department, Government of Maharashtra, with an intent to support setting up a Registered Vehicle Scrapping Facility (RVSF) in Maharashtra. The MoU was signed at the Conference on Investment Opportunities in Highway, Transport and Logistics in… Continue reading Tata Motors and Maharashtra to set up scrapping facility
Hyundai Motor India’s SS Kim to return to Korea, Unsoo Kim to take charge
There is change at the helm of Hyundai Motor India, the country No. 2 passenger vehicle manufacturer. The Korean carmaker today announced the appointment of Unsoo Kim as its new Managing Director from January 1, 2022. S S Kim, the current Managing Director, has been elevated to a global role at Hyundai Motor Company headquarters… Continue reading Hyundai Motor India’s SS Kim to return to Korea, Unsoo Kim to take charge
Bangladesh, Sri Lanka, Nepal and Bhutan Automotive Industry Outlook to 2025-Increase in Consumer Spending Albeit Import Restrictions in the Economy will drive Growth of Automotive Sector: Ken Research
GURUGRAM, India, Dec. 14, 2021 /PRNewswire/ — Nepal News Key Findings Bagmati and Lumbini are the leading regions in Nepal representing lion’s share of sales in Automotive Industry. In 2019, the country was hit with a nationwide lockdown due to COVID and this was implemented in the peak sales season. Trends driving the Automotive Industry… Continue reading Bangladesh, Sri Lanka, Nepal and Bhutan Automotive Industry Outlook to 2025-Increase in Consumer Spending Albeit Import Restrictions in the Economy will drive Growth of Automotive Sector: Ken Research
Maruti Suzuki: Selling cars directly to customers difficult for large volume players
Mercedes-Benz recently announced that it has sold over 1,000 cars under its new ‘Retail of the Future’ strategy, which is all about selling vehicles directly to customers. While the sales model might be working well for the luxury marque, on the other end of the spectrum, Maruti Suzuki is in no hurry to break convention.“At… Continue reading Maruti Suzuki: Selling cars directly to customers difficult for large volume players
Maruti Super Carry crosses 100,000 sales five years after launch, CNG model in demand
The Maruti Super Carry, the first commercial vehicle produced by India’s passenger vehicle market leader, has driven past 100,000 sales in the domestic market. The milestone comes a little over five years since launch. Launched on September 1, 2016, at an introductory price of Rs 403,000, the Super Carry project saw the company invest around Rs… Continue reading Maruti Super Carry crosses 100,000 sales five years after launch, CNG model in demand
Make Gurgaon an EV-making hub, say industries
The FII pointed out that since the Centre was anyway promoting the production of electric vehicles, it would be in the interest of the state government and the industries in general if Gurgaon and its surrounding areas were developed as a hub for electric vehicles. Gurgaon: The Federation of Indian Industry (FII) has appealed to… Continue reading Make Gurgaon an EV-making hub, say industries
Electric vehicles ecosystem takes shapes in Gujarat
New Delhi: Even though electric vehicles, particularly two-wheelers, have been in the market for at least a decade, the uptakes had not been significant despite the subsidies rolled out by state and central governments. However, with growing awareness, the emergence of technologically sound and efficient vehicles, and the creation of charging infrastructure, the demand for… Continue reading Electric vehicles ecosystem takes shapes in Gujarat
Autos & TransportationHyundai to invest $530 million to launch six EVs in India by 20282:44 AM UTC
Visitors take photographs in front of the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to reuters.com Register NEW DELHI, Dec 8 (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) said on Wednesday it planned to invest… Continue reading Autos & TransportationHyundai to invest $530 million to launch six EVs in India by 20282:44 AM UTC
Honda Cars scales down operations with another VRS round
Honda Cars India Ltd (HCIL) is clearly going lean and mean on its workforce front. The Japanese automaker recently carried out its third VRS (voluntary retirement scheme) exercise in September 2021, which saw nearly 100 executives above the assistant manager level opting for it. According to top sources, the VRS largely focused on senior management personnel… Continue reading Honda Cars scales down operations with another VRS round