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Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said its subsidiary Dighi Port Ltd (DPL) in Maharashtra is set to handle 2,00,000 cars per year after its partnership with Motherson. In a statement, APSEZ said this partnership will make Dighi Port the new automobile exports terminal for exporters in Mumbai to the Pune auto belt. As one of APSEZ's 15 strategic ports, Dighi is now set to expand its capabilities to support India's automotive growth story under the Make in India initiative, enabling seamless export and import of vehicles for global markets, it added "Motherson, through its joint venture Samvardhana Motherson Hamakyorex Engineered Logistics Limited (SAMRX), today announced an agreement with Dighi Port Limited (DPL), a subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), to establish a dedicated facility for auto exports at the Dighi Port in Maharashtra," APSEZ said. On the partnership, Ashwani Gupta, CEO & Whole-time Director of Adani Ports ..
Buyers are in for a bonanza with leading automakers Maruti Suzuki, Tata Motors and Hyundai Motor India set to cut prices from Monday, coinciding with the first day of the auspicious Navaratri period. Luxury carmakers Mercedes-Benz and BMW as well as two-wheeler makers are set to reduce prices with new GST coming into force from September 22. Maruti Suzuki India, the country's largest carmaker, has cut vehicle prices by up to Rs 1.29 lakh to pass on the GST rate cut benefit to customers. The company has also decided to cut prices of its small cars over and above the GST benefit of 8.5 per cent to make vehicles attractive for two-wheeler users to switch to four-wheelers. The prices of entry-level model S Presso will go down by up to Rs 1,29,600; Alto K10 by up to Rs 1,07,600; Celerio by Rs 94,100; Wagon-R by up to Rs 79,600 and Ignis by up to Rs 71,300. Price of premium hatchback Swift is reduced by up to Rs 84,600; Baleno by up to Rs 86,100; Tour S by up to Rs 67,200; Dzire by up t
Hero MotoCorp expects the ongoing festival season to be "one of the best" in terms of sales, helping it maintain leadership position in the domestic two-wheeler segment this year as well, according to a senior company executive. The country's largest two-wheeler maker, which recently crossed 125 million unit production milestone, expects the GST rate cut on two-wheelers to boost demand and compensate for the loss of sales in the period leading up to the major tax reform. "Its probably the best macro environment that we've had in a long, long time, and it should fructify in much better numbers than the industry anticipated earlier," Hero MotoCorp Chief Business Officer Ashutosh Varma told PTI in an interaction. The industry for the first five months was largely flat, and hence, expectations prior to GST rationalisation were a little muted, he added. "There has been some deferment of purchase that should largely manifest during the Navratri period. But we have a strong booking ...
Vintage vehicle enthusiasts in Uttar Pradesh can now register their prized cars and bikes in the "vintage" category, with the state transport department starting the facility in line with the Ministry of Road Transport and Highways' (MoRTH) 2021 notification. Officials on Monday said the move will provide clarity, ease of compliance and help preserve the heritage value of these vehicles. The facility has been rolled out under the provisions of the Central Motor Vehicles Rules, 1989. A detailed Standard Operating Procedure (SOP) for vintage registration is currently under consideration by the Uttar Pradesh government and will be implemented once approved. Until then, registrations will be processed strictly as per the central government notification, officials said. "Citizen convenience and regulatory compliance are our priorities. Vintage registration is not for daily or commercial use; it is meant to preserve the vehicle's original technical configuration and to maintain orderly ..
Car thefts in the national capital have surged by over 52 per cent this year, with reported cases rising from 1,662 during the same period last year to 2,529 cases between January 1 and July 24, officials said on Friday. According to the data from the Zonal Integrated Police Network (ZIPNET), apart from cars, 105 jeeps and 58 small trucks, lorries or multi-purpose vehicles were also reported stolen during the same period. Among the stolen vehicles were two ambulances one taken from Kotla Mubarakpur in South Delhi and the other from the Janakpuri Metro Station. The data further showed that two buses were stolen from the Timarpur and Seemapuri areas, and seven bicycles were reported missing from different parts of the city. The thefts occurred in both residential neighbourhoods and public spaces, including areas near petrol stations, schools, markets, and parks. Several incidents were reported from Sectors 3, 7 and 24 in Rohini as well as from Paschim Vihar and Ashok Vihar in North