Union Cabinet approves Rs 10,900 crore PM E-DRIVE scheme to boost adoption of electric vehicles The Union Cabinet has approved a Rs 10,900 crore scheme, PM E-DRIVE, to accelerate the adoption of electric vehicles In India, this initiative, proposed by the Ministry of Heavy Industries, offers subsidies to encourage the purchase of electric two- and … Read more
JSW Group and MG Motor India have launched their first electric car together. The Windsor EV is priced at Rs 9.9 lakh (ex-showroom) to compete not only with Tata Group’s Punch EV and Nexon EV but also the larger compact SUV segment, which includes the Ertiga, Brezza, Venue and Creta. With the Windsor EV, JSW … Read more
The Windsor is powered by a 38kWh battery that provides a claimed range of 331km. MG Motor India On Wednesday, it announced the pricing of its new Windsor EV in the Indian market. This launch will help the company expand its EV presence in the country against rivals like Tata Motors and Hyundai. The new … Read more
The Union Cabinet is expected to take a major decision today on the future of electric mobility in India by considering replacing the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) scheme with the new PM E-Drive scheme. Sources told CNBC-TV18 that the new scheme will entail an outlay of about ₹10,900 crore, … Read more
Growth is expected to increase due to increased queries (presentation image) The Indian automobile market is set to witness a significant growth of over 15 per cent during the upcoming festive season, particularly in the two-wheeler (2W) segment, according to a research report by Nuvama Wealth Investment Limited. The growth is anticipated due to rising … Read more
Some Indian automakers and component suppliers are currently under pressure due to the ongoing crisis faced by German automakers BMW and Volkswagen. BMW has recently lowered its EBIT margin forecast for 2024 to between 6% and 7% from the previous range of 8% to 10%. The EBIT margin for the motorcycle segment is also likely … Read more
India’s automotive industry is on a dream run, with strong sales across all segments. In fiscal 2024, the auto industry posted impressive numbers, with electric vehicle (EV) sales reaching a milestone of 100,000 units. However, the industry is also debating which technology should take priority – hybrids or EVs. Mahindra & Mahindra (M&M), the leader … Read more
Ultraviolette challenges Bajaj Auto to a ‘machine vs machine’ fight With the electric two-wheeler market on the rise, all the major automakers are jumping on the bandwagon to grab a slice of the electric pie in the country. While dedicated EV makers like Ultraviolet have been pushing the boundaries when it comes to the technological … Read more
The Society of Indian Automobile Manufacturers (SIAM), the automotive industry body, on Tuesday said it has elected Tata Motors’ passenger vehicles managing director Shailesh Chandra as its new president for the period 2024-2025. Chandra, who previously served as vice president of SIAM, succeeds Vinod Aggarwal, managing director and CEO of Volvo Eicher Commercial Vehicles (VECV), … Read more
Hero MotoCorp unveils the 2024 Xtreme 160R 2V MotoCorp Hero has launched the 2024 Xtreme 160R 2V in India, priced at Rs 1,11,000 (ex-showroom, Delhi). This updated model offers a more affordable option compared to its predecessor, which is likely to boost sales during the upcoming festive season. Based on the existing Xtreme 160R platform, … Read more
