Page 7 - Auto

Ratan Tata leaves an unfulfilled dream behind: The Nano electric vehicle

In 2015, Tata thought about creating a low-cost EV, which gave birth to a product called the Neo EV. It was jointly developed by Jayem and Tata Group

In EV penetration race, India's electric two-wheelers still in rearview

China leads the e2W market, selling 5.9 million vehicles in CY 2023 - six times more than India - although this represents a 25 per cent drop from CY 2022

MHI seeks ARAI's comments on consumer grievances against Ola Electric

The notice from CCPA came in response to 9,948 consumer complaints registered against Ola Electric between September 1, 2023, and August 30, 2024, on the National Consumer Helpline

Uber's India based tech team helps cut down app localisation time, costs

The ride-hailing firm's India based tech Tech Teams transform 85% of app localisation process to touchless

CCPA showcause notice won't impact activities, says Ola Electric

Won't impact operations or finance, says company after founder's social media spat with stand-up comedian

1.1 mn old medium, heavy CVs offer good potential for scrappage: ICRA

While the actual scrappage could possibly be lower given the nature of usage of such vehicles, even if a proportion of these vehicles gets scrapped, it can support vehicle sales to some extent

BYD hopes for ease in investment rules as it aims to build cars in India

BYD, in partnership with a local firm, submitted a $1 billion investment proposal last year to build electric vehicles in India. But New Delhi is yet to approve the plan

Tata Motors reports 11% decline in global wholesales to 304,189 units in Q2

Global wholesales of Tata Motors passenger vehicles in Q2 FY25 were at 1,30,753 units, lower by 6 per cent as compared to Q2 FY24, the company said in a statement

Passenger vehicle sales drops 19% in September, inventory hits record high

Fada, however, said that the near-term outlook for automobile retail is cautiously optimistic as both Navratri and Diwali fall in the same month, creating strong expectations for a surge in sales

Festival fillip: Car dealerships see four-fold increase in footfall

Dealer sources claimed that even enquiries and bookings are up by 3-4 times when compared to the last 2-3 months

Carmakers expect festive period to improve sales, overall buyer sentiment

Auto industry firms are seeking robust performance in the ongoing festive period to lift overall buyer sentiment and set tone for the rest of the year amid slowing demand

China's loss may be Indian companies' gain in electric vehicle race

Li-ion cells may become cheaper after punitive tariffs imposed by the US

BMW India targets to double electric vehicle penetration by next year

BMW Group India has achieved its best-ever year-to-date car sales, with a 10 per cent growth in the first nine months of calendar year 2024

Carmakers don't plan price changes to China-made EVs after EU backs tariffs

MG Motor France said tariffs were "excessive" and hamper Europe's green transition

Nissan studies hybrid and CNG market in India, no immediate launch plans

Nissan previously announced that it is going to launch an "affordable" EV by 2026

BMW, MINI record 10% sales growth at 10,556 units during Jan-Sep period

The number of cars (BMW and MINI) sold in the nine months of 2023 was 9,580 units

JSW MG Motor, Vision Mechatronics join hands to redefine EV batteries

The project with Vision Mechatronics, a technology company in the field of second-life batteries, will initially focus on a UPS backup solution

Automobiles, auto component companies score low on PLI scheme in FY24

The government has budgeted Rs 25,938 crore for five years as PLI for this sector

Auto industry has to be 'well balanced' on EV investments: Kia India CEO

Indicating that Kia's current focus remains on the electric car market, he mentioned that the company's first mass-market electric car-scheduled to be launched next year-will be a mid-sized SUV

EU members to vote on proposal to impose tariffs on China made EVs

The Commission last revised the tariff rates in September, imposing levels from 7.8 per cent for Tesla to 35.3 per cent for SAIC