It’s a feeling akin to jet lag – that unmistakable sensation of time shifting in a way that your brain can’t immediately comprehend. Three minutes ago, I plugged this Nyobolt EV into an electric charger with its battery displaying 30%. It’s now breached 80% and its rapid, 300kW charge speed has begun to tail off.… Continue reading Quicker than petrol? This ‘Elise EV’ changes the charging game
Tag: Hyundai
Budget 2026: Allocation for auto PLI doubled despite lower utilisation in FY26
Nirmala Sitharaman The outlay for the Production Linked Incentive (PLI) scheme for automobiles and auto components has been almost doubled in the Union Budget for 2026-27 to ₹5940 crore. Not only is the outlay a substantial increase from the budget estimates for the current fiscal (₹2974.61 crore), it has also come despite a large portion… Continue reading Budget 2026: Allocation for auto PLI doubled despite lower utilisation in FY26
Kia India Reports 10.3% Sales Increase in January 2026
Kia India sold 27,603 vehicles in January 2026, representing a 10.3% increase compared to 25,025 units sold in the same month last year, the automaker announced on Saturday. The January performance follows a strong 2025 for the South Korean manufacturer, which reported annual sales of 280,286 units in India last year—a 15% increase over 2024.… Continue reading Kia India Reports 10.3% Sales Increase in January 2026
India’s PV Market Estimated To Have Clocked Record January Sales With 4.5 Lakh Units
India’s passenger vehicle market is estimated to have clocked about 4.5 lakh units in January 2026 wholesales, marking the highest-ever performance in any January, and the second-highest for any month. Record dispatches come on the back of strong retail demand and lean inventory management at dealerships, which helped carry the post-GST cut and festival season… Continue reading India’s PV Market Estimated To Have Clocked Record January Sales With 4.5 Lakh Units
Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
The Union Budget for 2026-27 (FY27) has allocated Rs 5,940 crore for the Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components under the Ministry of Heavy Industries. The Rs 25,938-crore output-linked incentive scheme was launched in 2021 and will run till March 31, 2028 (FY28). Budget documents show that in FY25, the scheme… Continue reading Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
Can Budget take a leaf out of China’s BYD story to give India its own EV giant?
In 1995, a small firm began operations in China’s Shenzhen with just 20 employees and limited capital. Just three decades later, before it even turned 30, BYD is the world’s largest electric car company, having overtaken Tesla. Its rise was fuelled not just by technology, but by sustained state backing. Estimates suggest BYD received around… Continue reading Can Budget take a leaf out of China’s BYD story to give India its own EV giant?
Hyundai Motor India Limited Signals Comeback Intent with Record Sales in January 2026
Hyundai Motor India Ltd (HMIL) reported its highest-ever monthly domestic sales in January 2026, opening the calendar year with record volumes after a period of heightened competitive pressure in the Indian passenger vehicle market. The company sold 59,107 units in the domestic market, a 9.5 percent year-on-year increase, while total sales, including exports, rose 11.5… Continue reading Hyundai Motor India Limited Signals Comeback Intent with Record Sales in January 2026
Chinese carmakers cash in on Britain’s EV credits
Chinese carmakers are expected to cash in on Britain’s net zero mandate after it emerged that major manufacturers will have to pay rivals to avoid fines. Eight carmakers including Jaguar Land Rover and Toyota did not sell enough electric cars or low-emission vehicles last year to meet government mandates, according to an industry analysis. Four… Continue reading Chinese carmakers cash in on Britain’s EV credits
UK new car buyers drive a bargain as average discount nears £6,000
A 7.1% discount on a Kia Niro EV brings the price to £38,460 without being eligible for a grant. Photograph: Taina Sohlman/Alamy View image in fullscreen A 7.1% discount on a Kia Niro EV brings the price to £38,460 without being eligible for a grant. Photograph: Taina Sohlman/Alamy UK new car buyers drive a bargain… Continue reading UK new car buyers drive a bargain as average discount nears £6,000
Tesla announces launch in Morocco
Tesla is officially expanding into Morocco, marking another step in the automaker’s push into African markets. The company will host a launch event on February 6 in Casablanca, introducing the Model 3 and Model Y to the North African nation. The launch According to Tesla’s newly created Morocco website, the company will hold its official… Continue reading Tesla announces launch in Morocco