Hyundai Motor India exported 1,63,155 units last fiscal. It had shipped 1,53,019 units in FY23. Kia Motors exported 52,105 units, while Volkswagen India shipped out 44,180 units last fiscal.
The launch of portable liquid-cooled battery technology marked a significant milestone in Bounce Infinity's efforts to enhance the performance and usability of e-scooters.
MG Motor India, owned by SAIC, has been actively investing in India, with plans to expand manufacturing capacity and explore new markets. Despite initial delays due to funding constraints, the company remains committed to its growth trajectory.
It was recently reported in the Bernstein analysis that the new EV manufacturing policy for India was announced by the Central government which aims at attracting global players to India but also stresses domestic value addition.
Hyundai is currently offering discounts on select car models, including the Aura, Grand i10 Nios, Venue, and i20. These discounts come in the form of cash discounts, exchange bonuses, and corporate bonuses. However, other models such as Creta, Exter, Tucson, more are not eligible for these benefits.
The plates have special features like a 3D hologram and a laser-etched serial number to prevent tampering and enhance security.
The automaker aims to leverage the IPO to bolster its foothold in a market where it has thrived for over 25 years.
Two-wheeler wholesales rose by 26 per cent to 14,95,183 units last month, compared to 11,84,376 units in January of the previous year.
The base model of the Nexon.ev is now available for Rs 14.49 lakh, with a price reduction of up to Rs 1.2 lakh.
Apple has a permit to test autonomous vehicle tech on California’s public roads only if the company has a safety driver behind the wheel. Apple’s secret car project has finally gained momentum, as per the report.
The luxury car segment currently has a GST slab of 28 per cent, with additional cess on sedans and SUVs, resulting in a total tax incidence of up to 50 per cent.
The company announced on Friday the launch of e-bike services in Delhi and Hyderabad.
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.
The Creta 2024 facelift price starts at Rs 10,99,900 and goes up to Rs 19,99,900 (ex-showroom).
Car owners with vehicles featuring native Google apps which are known as ‘Google built-in’, will gain the ability to send the driving directions- directly from their smartphones to their cars. This cross-platform functionality will be available for both - iPhone and Android devices.
Xiaomi has officially entered the car industry by introducing its first electric vehicles (EVs), XiaomiSU7 and XiaomiSU7Max.
Commercial vehicle sales grew 8 per cent year-on-year to 1,23,784 units in the 42-day window. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units.
Last week, Commerce and Industry Minister Piyush Goyal visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India.
The domestic forging industry primarily caters to the automotive industry, which accounts for 60-70 per cent of the forging production, according to a PTI report.
Primarily influenced by the private equity (PE) segment, the automotive industry in India has entered a transformative phase, embracing alternative fuel technologies and innovative mobility solutions in the EV era, according to the report by Grant Thornton Bharat.
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