Automobile: Page 3

News and Trends

UP Government Sets Target To Become First State To Have 100% EVs In Government Departments

To promote EVs in UP, the Yogi government has decided to give up to 100% exemption on road tax and registration fee for three years

News and Trends

Volkswagen To Launch Its First EV In India By 2024

By 2030, Volkswagen reportedly expects 25-30% of its total sales in India to come from EVs and the rest from internal combustion engine vehicles

News and Trends

Lamborghini To Focus Customers In Smaller Centres For Business Growth In India

Lamborghini India Head Sharad Agarwal Agarwal stated that the company now has customers in places like Amritsar, Shillong, Lucknow, Udupi, and Ajmer as the demand is fairly spread out

News and Trends

Government To Soon Issue SOPs For INR 26,000 Crore Auto PLI: Report

The market estimates reported that as of 2022, India is the third largest automobile market in the world, surpassing Japan and Germany in terms of sales

Technology

Shifting Gears: The Evolving Dynamics Of India's Mobility Sector

Contributing 7.1 per cent to India's GDP and 49 per cent of the manufacturing GDP, the country's automobile sector is one of the fastest growing in the world.

News and Trends

Centre To Remove 252% Import Duties To Develop India a Testing Hub, Says Heavy Industries Minister

Zero custom duty will be effective from April 1, 2023

News and Trends

Renault, Nissan To Reboot Alliance?

According to Reuters, French car maker Renault and its Japanese partner Nissan Motor plan to formally unveil a deal to reshape their alliance in London

News and Trends

Chara Raises $4.75 Million In Pre-Series A Funding Round

Chara is building a scalable, cloud-controlled, and rare-earth free platform for designing, building, and deploying electric motors for EV, HVAC and various other applications

News and Trends

Auto Expo 2023: Sustainability Is the Theme

Auto Expo 2023, India's largest automotive event, kicked off in Greater Noida on Wednesday. On the first day of the event, automobile giants such as Hyundai, Maruti Suzuki, Kia, MG Motors, among others, showcased their products

News and Trends

November 2022: Highest Retail Sales In History of Indian Automobile Industry

According to FADA numbers, the month saw an overall year-on-year sales growth of 26 per cent, boosted by festive sales and the wedding season

Entrepreneurs

UAE-Based OWS Automotive Partners With KSA's King Abdullah Economic City To Establish Automotive Facility

OWS Saudi Arabia by King Abdullah Economic City and UAE-based global automotive service provider OWS is expected to create nearly 1,000 new jobs in Saudi Arabia.

Lifestyle

Seat Belt Please! The Renewed Debate On Care Safety

The death of former chairman of Tata Sons Cyrus Mistry in a road crash, near Palghar, in Maharashtra, threw open a loud debate on the importance of wearing seat belts for rear seat passengers.

News and Trends

Clean Electric Raises $2.2 Million In Seed Funding

The company plans to utilize the fund to set up a manufacturing facility in Pune to produce 5,000 battery packs per month

News and Trends

Fixigo Raises Undisclosed Seed Fund From Agility Ventures

The startup plans to use the funds in expanding its services in newer markets and brand building exercise

News and Trends

Automovill Raises INR 2.15 Crore in Pre-Series A Funding

The fund raised will primarily be used to expand the current scope of capital expenditure, and to strategically channel and smoothen operations as well as broaden their marketing scope