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This includes the JV with Tacita; company is in talks with PE firms
'Defects may have happened because companies intentionally used lower-grade materials to cut costs,' it says.
He said there is some problem with EV batteries when the temperature rises in the months of March, April and May
Union Road Transport and Highways Minister Nitin Gadkari said in a tweet thread that companies may take advance action to recall all defective batches of vehicles immediately
While financiers are citing a massive dip in bookings and enquiries, dealers cite at least a 10% dip in customers
Okinawa recalled 3,215 units of its 'Praise Pro' scooters on April 16
The recall also comes close on the heels of Amitabh Kant, CEO, NITI AAYOG asking EV makers to recall EV batches involved in fires.
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
Serial fires in green two-wheelers in a week raise questions about the regulation and safety standards of this fast-growing section of the automobile industry
He added that the money is being raised to oil growth which is set to witness high double-digits from the exponential demand the company is getting now
Electric two-wheeler firm Okinawa Autotech on Wednesday said it has reduced prices of its entire product portfolio, ranging between Rs 7,209 and Rs 17,892, in the wake of changes in the FAME II policy
By setting up massive capacities in a limited market against entrenched competition, founder Bhavish Aggarwal has his work cut out proving the sceptics wrong
The new unit will have a total installed capacity of up to one million vehicles annually and that would be ramped up in a phased manner.
The company also plans to come up with a new manufacturing plant in next couple of years