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Marking its return in Sri Lanka, Tata Motors on Thursday announced the launch of its all-new range of passenger vehicles, including electric vehicles, in the country. The company in partnership with its sole authorised distributor in Sri Lanka, DIMO, launched a range of SUVs - Punch, Nexon, and the Curvv, along with its popular electric hatchback, Tiago.ev, while showcasing EV portfolio comprising Punch.ev, Nexon.ev and the Curvv.ev, Tata Motors said in a statement. "We are excited to be here in Sri Lanka, marking a new chapter in our international business strategy. Tata Motors has undergone significant transformation over the years, and there is no better way to mark our return than with a new, game-changing product portfolio," Tata Passenger Electric Mobility - Head of International Business, Yash Khandelwal said. *** TVS Motor Co, PETRONAS Lubricants strengthen partnership * TVS Motor Company on Thursday said it has further strengthened its partnership with PETRONAS Lubricant
Automobile retail sales in India rose 7 per cent year-on-year in January at 22,91,621 units, driven by robust demand across segments, dealer's body FADA said on Thursday. Overall retail sales stood at 21,49,117 units in January 2024. "Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery," the Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. Passenger vehicle retail sales jumped 16 per cent year-on-year to 4,65,920 units last month. Many dealers noted improved demand but also pointed to last year's heavy discounting, which helped clear older models and shift registrations, Vigneshwar said. Inventory levels have improved, dropping by around five days to 50-55 days, suggesting improved supply-demand balance, he added. Two-wheeler retails stood at 15,25,862 units last month, an increase of 4 per cent, as
General Motors has said it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. GM on Tuesday said it would get out of robotaxis given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market. The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers. GM bought Cruise automation in 2016 for at least USD1 billion with high hopes of developing a profitable fleet of robotaxis. Over the years GM invested billions in the subsidiary and eventually bought 90 per cent of the company from investors. GM even announced plans for Cruise to generate USD1 billion in annual revenue by 2025, but it scaled back spending on t
More than two crore vehicles registered in Maharashtra before April 2019 will have to be fitted with High Security Registration Plates (HSRP) in the next four months to avoid imposition of penalty on their owners. The Maharashtra Transport Commissioner's Office has set March 31, 2025 deadline for installation of the HSRPs to the vehicles and appointed three agencies, after a long-drawn-out tendering process, to carry out the task. The authorities issued the Standard Operating Procedures (SOPs) for the new registration plates on Wednesday, a day before the new Maharashtra government led by Devendra Fadnavis was sworn in. To curb vehicle thefts and bring uniformity in vehicle's identity marks, the fitment of these number plates was made mandatory for the vehicles registered in Maharashtra before April 2019, and the onus of installing those was on the manufacturers. Made of a rare aluminum alloy, HSRP contains a retro-reflective film with a verification inscription 'India', a ...
In a relief for commercial vehicle drivers, the Supreme Court on Wednesday held that a person holding a driving licence for a light motor vehicle (LMV) is also entitled to drive a transport vehicle with an unladen weight not exceeding 7,500 kg. The judgement of a five-judge Constitution bench headed by Chief Justice D Y Chandrachud is a jolt to insurance companies which had been rejecting claims if accidents involved transport vehicles of a particular weight and if the drivers were not authorised to drive them as per legal stipulation. There is no empirical data that LMV driving licence holders are responsible for rise in road accidents in the country, Justice Hrishikesh Roy, who wrote the unanimous verdict for the bench, said. He said the LMV driving licence holders, who spent maximum time behind the wheels, are seeking an answer from the court and their grievances cannot be rejected on technical grounds. Besides the CJI and Justice Roy, the bench also comprised Justices P S ...
Ola Electric Mobility Ltd on Friday reported a 74 per cent rise in vehicle registrations at 41,605 units in October 2024 as compared to the same month last year. The company sold over 50,000 units in October 2024, Ola Electric said in a statement. The registration numbers are as per Vahan data, it added. "The festive season has been really strong for us on the back of our expansive portfolio, uptick in consumer demand, and the strengthening of our sales network across India. We have witnessed an increase in EV adoption especially in Tier 2 and 3 markets and we are confident that this positive growth will cascade in the coming months as well," a spokesperson of Ola Electric Mobility Ltd said. The company said it has started a campaign to double its company-owned service network to 1,000 centres by December 2024. Also, as part of the network partner programme, it will onboard 10,000 partners across sales and service by the end of 2025.
The West Bengal transport department has decided to streamline the registration of e-rickshaws and phase out unregistered and illegally manufactured vehicles. The decision was taken in view of representations from various bodies about the plying of lakhs of unregistered e-rickshaws built in workshops without following any standard manufacturing procedures or safety guidelines. A senior transport department official said that district magistrates have been asked to identify battery-operated unregistered e-rickshaws built clandestinely at local garages and phase them out in a time-bound manner. Transport Secretary Saumitra Mohan, in a notice issued on September 12, said, "Representations have been received from different stakeholders in connection with non-compliance of guidelines for registration of e-rickshaws, duly manufactured by different companies including original equipment manufacturers, after obtaining the approval from the competent authority." As per the Central Motor ...
Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8 per cent. Two-wheeler wholesales rose 9 per cent to 17,11,662 units last month against 15,66,594 units in the year-ago period, it added. Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent. Similarly, motorcycle dispatches from companies to dealers increased by 8 per cent to 10,60,866 units last month from 9,80,809 units in August 2023. The total three-wheeler sales grew 8 per cent to 69,962 units last month against 64,944 units a year ago. "Looking ahead, as the country enters the festive seas