The Sensex surged to a record high, closing above 85,000, while the Nifty crossed the 26,000 mark, driven by gains in banking, IT, and auto sectors. Strong earnings and economic indicators fueled the rally.
An official statement noted that these discounts will further incentivise the scrapping of vehicles, thereby ensuring the plying of safer, cleaner and more efficient vehicles on roads.
Pralhad Venkatesh Joshi is set to lay the foundation stone for this new facility at the RRSL Jakkuru campus in Bengaluru on 22 August for the establishment. This highlights the government’s commitment to fostering innovation and supporting the burgeoning EV ecosystem in India.
Ola Electric has revealed plans to integrate its in-house developed battery cells into its vehicles by the first quarter of FY26. The company will also unveil its electric motorcycle lineup, catering to both mass and premium segments, during its annual flagship event on August 15.
Closing market news: On the Bombay Stock Exchange (BSE), 2,345 shares closed in the green, 1,562 shares in the red, and 99 shares with no change. The reason for the rise in the market is being attributed to the greater-than-expected decline in the number of jobless claims in the US.
Ankur Gupta’s discovery of supercapacitor technology has promised a significant leap for electric vehicles. With the potential to charge EVs faster than smartphones, this breakthrough could solve the major issues related to charging time and infrastructure.
Kia has unleashed its all-electric SUV- the EV3 which offers a driving range of up to 600 km and charges from 10 to 80 percent in 31 minutes. It will debut in the South Korean market in July 2024, followed by a European launch in the second half of the year.
The Ministry of Land, Infrastructure, and Transport has reiterated the significance of promptly addressing these issues to uphold the reliability and safety of vehicles on the roads.
According to the South Korea Transport Ministry, Hyundai will recall 1,13,916 EVs in the country, affecting five EV models, including the Ioniq-series and Genesis models, while Kia will recall 56,016 EVs.
The electric vehicle will come in five variants, Smart, Smart+, Adventure, Empowered, and Empowered+, along with two battery pack options, a 25 kWh version with a claimed range of 315 km and a Long Range version with a 35 kWh battery pack offering an MIDC range of 421 km.
Xiaomi has officially entered the car industry by introducing its first electric vehicles (EVs), XiaomiSU7 and XiaomiSU7Max.
The police said strict action will be taken against the stunt performer and the driver of the auto. The video of the incident was widely circulated on social media.
Two different accidents in Gujarat claimed at least 11 lives. The first accident took place in Dahod while another one was in Surendranagar. A truck driver involved in one of the incidents has been detained.
The price increase will be around 1 per cent, and the exact quantum of increase will vary by specific models and markets, it added. The price revision is part of our regular review of product competitiveness and positioning, factoring inflation, margins and market share, the company stated.
At a starting price of about Rs 5 lakh, Hyundai's next mini SUV, the Exter, will compete in India's entry-level SUV market.
Hema Malini surprised fans by commuting in Mumbai metro and auto-rickshaw. Have a look at the pictures.
Although Tata Motors has not revealed many details about the specifics of the updated model, recent sightings of the Nexon facelift being tested on Indian roads have piqued curiosity among automotive enthusiasts.
Toyota has indicated that by 2026, it will have launched ten new EV models and will sell 1.5 million battery electric vehicles per year.
Nexa, the premium retail channel of Maruti, offers models such as the Ignis, Baleno, Ciaz, XL6, and Grand Vitara. The Fronx and the five-door Jimny are also set to be sold from the Nexa outlets.
BS-VI emission standards are equal to Euro-VI emission standards; the laws require four-wheeler passenger and commercial vehicles to install sophisticated equipment in order to achieve the next level of emission requirements.
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