24 states, UTs rolled out new Bharat Series for vehicle registration

The state governments are encouraged to revisit the speed limit restrictions in urban and semi-urban stretches to provide seamless traffic movement, it added. To ensure seamless movement of personal vehicles across India, 24 states and UTs have rolled out the new Bharat Series (BH-series) for vehicle registration, according to the minutes of the annual meeting… Continue reading 24 states, UTs rolled out new Bharat Series for vehicle registration

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KIDDERMINSTER, England, Oct 5 (Reuters) – Auto engine parts makers eyeing the promising electric-vehicle market are dealing with a severe case of delayed gratification. Until EVs truly take off, engine parts makers face a perilous few years where they must invest heavily in new machinery, while struggling with falling sales of fossil-fuel cars. Evtec Aluminium,… Continue reading Gallery

Autocar magazine 5 October 2022: on sale now

In this week’s Autocar, the new Maserati Granturismo is back, arriving with the Italian firm’s first EV powertrain. Audi is also set to launch farewell editions to mark the end of its R8 and TT sports cars. Pick up a copy to find out more.  News  Audi has launched its most powerful rear-drive car yet: the… Continue reading Autocar magazine 5 October 2022: on sale now

Automobile retail sales rise 11% in Sep on festive fervour, better supplies

Similarly, two-wheeler registrations saw an increase of 9 per cent at 10,15,702 units last month as compared with 9,31,654 units in September last year. NEW DELHI: Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation… Continue reading Automobile retail sales rise 11% in Sep on festive fervour, better supplies

Women taking driver’s seat in EV industry

Representative Image Women professionals are emerging as the preferred choice in India’s burgeoning electric vehicle (EV) industry with legacy companies as well as startups seeking better gender balance at workplaces. For every 10 new hires in the EV sector, six tend to be women skilled in business modelling, design redevelopment, e-mobility and renewable energy management,… Continue reading Women taking driver’s seat in EV industry

Why GM’s Cruise division is bullish despite losing $5m a day

Currently reading: Why GM’s Cruise division is bullish despite losing $5m a day Europe-bound General Motors’s autonomous driving arm lost $500m in Q2 2022, but bosses anticipate a turnaround Open gallery GM CEO Mary Barra said in July that Cruise could eventually raise $50 billion per year Cruise currently uses a fleet of adapted Chevrolet… Continue reading Why GM’s Cruise division is bullish despite losing $5m a day

Auto Wholesales in Sept 2022: PVs scale new heights, CVs look up, 2Ws seem positive

The wholesales in September 2022 suggest a good festive season. New Delhi: This time last year, the automotive industry was struggling to wriggle out of the woods. It was weighed down by the persisting damage of the COVID second wave, input cost push and supply chain challenges. However, halfway through the current financial year, automobile… Continue reading Auto Wholesales in Sept 2022: PVs scale new heights, CVs look up, 2Ws seem positive

CFOs review capex plans amid global growth worries, rising interest rates

Finance leaders in companies are reviewing their capital investments for the current year with interest rates continuing to rise and the global demand environment looking increasingly uncertain. Last week, the Reserve Bank of India (RBI) hiked repo rates by another 50 basis points, taking them to 5.9%. Rates have been raised by 190 basis points… Continue reading CFOs review capex plans amid global growth worries, rising interest rates

Buying an EV may not be a luxury soon as competition heats up

By 2030, the top EV sellers by volume in India’s PV market will be Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Hyundai and Kia, according to LMC Automotive, a consultancy firm. In India, electric cars have been too costly for many. But when Tata Motors launched its Tiago EV (electric vehicle) earlier this week, it… Continue reading Buying an EV may not be a luxury soon as competition heats up