The steep increase in import tariffs imposed recently by the US is estimated to burden the entire supply chain with an incremental cost of around Rs 9,000 crore
However, penetration of electric vehicles (EVs) is seen at a moderate 3-3.5 per cent despite new launches
Under the PM E-Drive initiative, MHI offers a subsidy of Rs 5,000 per kWh of battery capacity for e2Ws, capped at Rs 10,000 per vehicle for FY25
The proposal values Toyota Industries at ¥6 trillion ($42 billion), about 40% above its market cap as of Friday's close, reflecting its role in textiles and auto parts
The Elon Musk-led car maker is refunding the years-old bookings since the older generation of the Model 3 is being discontinued
The Centre has received a demand of 15,400 e-buses from four states (Gujarat, Telangana, Karnataka and Delhi,) of total 7, including around 2,500 from Delhi
As volume growth slows, original equipment manufacturers (OEMs) will rely on premiumisation and better product mix to protect margins
The Centre notified SMEC in March last year to turn India into a hub of electric vehicle (EV) manufacturing
The measures represent one of the most drastic steps the city has lined up to tackle pollution
VinFast, the Nasdaq-listed global rival of American EV giant Tesla, had selected Thoothukudi in Tamil Nadu for its $2 billion facility
CARS24's involvement is focused on strengthening Team-BHP's product, technology and AI capabilities to improve the experience of its readers and community members
Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety
The emission norm of 'TREM V' is expected from April 1, 2026, pre-buying towards fiscal-end may also provide a fillip to volume, it added
With global trade uncertainties rising, Indian auto component manufacturers are focusing on localisation, diversification, and policy support to shield operations and tap fresh export opportunities
With manufacturing quality improving, some companies have also commenced exporting to developed markets
A Tesla owner is suing the company, claiming odometers were altered to end warranties faster, and is seeking a class-action lawsuit for all affected drivers
Many users have voiced concerns about the lack of transparency regarding BluSmart's refund process. The development unfolds amid an ongoing investigation by Sebi into Gensol Engineering
A number of celebrities and high-profile investors, including MS Dhoni, Deepika Padukone, Sanjeev Bajaj, and Ashneer Grover, had backed the EV startup now under Sebi scrutiny
Kylaq success fuels confidence as carmaker eyes exports, higher India mkt share
Mergers and acquisitions (M&A) continued to gain momentum, recording nine deals worth $359 million-marking the third straight quarter of growth