Renault India Country CEO and Managing Director Venkatram Mamillapalle at an event said on Wednesday that about 70-80 per cent of the total committed investments have been invested so far
The state already accounts for 70 per cent of the total EV two-wheeler manufacturing in India, with a current production capacity of 10 million units
The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, the company has already started work with used online car marketplace Spinny
Bajaj Auto, TVS and Hero Motocorp collectively grab nearly half the electric two-wheeler market share in the second half of September till 17th
The minister asked Revolt Motors to explore markets in the neighbouring countries as well as Africa and Latin America
'Will bring together cost attitude of Tata Motors with the design and sophistication of JLR'
This was because India has been established by various brands as the global hub for small and entry-level vehicles
Units manufactured from October 2020 to April 2024 are affected under this potential issue, the company said
Hyundai, which was the topper last year, drops to third position
The first luxury car will be launched in the first quarter of 2025, and the company plans to open 12 MG Select showrooms
Luxury carmakers are focusing on bringing in more models that will be made in India
The schemes, PM Electric Drive Revolution in Innovation Vehicle Enhancement (PM E-DRIVE) and PM-eBus Sewa-Payment Security Mechanism (PSM) will replace existing EV subsidy schemes
The company plans to set up exclusive experience centres in 12 cities across India in the first year
The American automobile giant plans a third entry into India, reviving its Chennai facility in Maraimalai Nagar, with an annual capacity of 200,000 vehicles and 340,000 engines for export
To tackle the growing load on its service outlets, M&M is increasing productivity, expanding bay capacity, and rolling out remote software updates
Hyundai Exter and Tata Punch, priced under Rs 10 lakh, saw a 72 per cent sales jump in the first four months of FY24, far outpacing the 1.8 per cent growth in overall domestic passenger vehicle sales
PM E-DRIVE and PSM schemes instil confidence among e-bus manufacturers
According to Siam, total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in August 2024 stood at 2.49 million units
Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent
The announcement follows a meeting between Ford leadership and Tamil Nadu Chief Minister MK Stalin as part of his visit to the United States