Page 39 - Auto

India's e-bus sales likely to grow 3.6-fold in FY27, projects CareEdge

In India, the e-bus sector is still in its early stage, representing just 4 per cent of total annual bus registrations in FY24

India's CV industry wholesale volumes to grow at 3-5% in FY26: Icra

Capital expenditure in the CV industry is also expected to rise significantly to Rs 58-60 billion in FY25 and FY26, up from Rs 34 billion in FY24

Maharashtra govt proposes 6% tax on EVs costing more than Rs 30 lakh

The Maharashtra government on Monday proposed a 6 per cent tax on electric vehicles priced more than Rs 30 lakh in the budget for the fiscal 2025-26.

Domestic commercial vehicle wholesale volumes to grow 3-5% in FY26: ICRA

This follows a flat volume movement estimated in FY25, marred by the demand slowdown in the first half of the fiscal due to the general elections

India's auto parts companies eye a bigger share of the export market

An ACMA-BCG report has targeted Indian auto component exports to hit $100 billion - nearly a fivefold increase from $21 billion currently

JSW group to raise Rs 1,487 crore for setting up EV unit in Maharashtra

The automotive facility is expected to have a capacity to make 10,000 e-buses and 5,000 e-trucks per annum

Govt committed to EV infrastructure, local manufacturing: Ashwini Vaishnaw

Addressing the gathering, Vaishnaw said electric mobility remains a focus area for the government. The government is committed to developing the right infrastructure

Electric vehicle sales down 1.9% in February due to challenges: Fada

While all four categories of EVs registered double-digit M-o-M declines in sales, three-wheeler, commercial, and passenger vehicles saw single-digit Y-o-Y growth

Carmakers dangle deep discounts to lure buyers back into showrooms

Benefits in March range from Rs 35,000-4 lakh price cuts on various models

Ultraviolette Tesseract unveiled: Top features of 261 km-range e-scooter

Ultraviolette unveiled its first mass-market electric scooter, the Tesseract, with a price tag of Rs 1.45 lakh. Equipped with a 20.1 bhp motor, it offers an impressive 261 km range

This industrialist thinks Elon Musk will not succeed in India. Here's why

Industrialist backs domestic manufacturers, calls India a great platform for entrepreneurs

Tesla entering India with much fanfare but latter a challenging mkt for EVs

The potential impact on domestic EV manufacturers, government policies, and the broader market also remain subjects of speculation

Tesla signs 5-yr lease for Mumbai showroom, to start EV sales in 2025

The rent will increase by 5 per cent every year reaching about $542,000 for the fifth year, according to the registered lease document

Ultraviolette hits the gas, to come out with 10 new e 2-wheelers in 3 years

At present they can make 10,000 two-wheelers a year, easily scalable up to 30,000 units a year in three shifts

Ducati plans to introduce motocross bikes in Indian market in 2026

In an interaction with PTI, Ducati India Managing Director Bipul Chandra said the company will introduce new variants of Scambler, Multistrada, among other models

India key to Hyundai's 2 mn global EV sales target by 2030: CEO Jose Munoz

With Hyundai Motor Company's (HMC) target to sell 2 million EVs by 2030 globally, India will play an important role in achieving this milestone

Astranova Mobility targets $1 billion in sustainable transport assets

The future of sustainable mobility will involve multiple technologies, says commercial vehicles operator

Tata Motors begins India's first hydrogen truck trials for net-zero goal

Tata Motors was awarded the tender for this trial, which is funded by the Ministry of New and Renewable Energy under the National Green Hydrogen Mission

Two-wheeler sales see mixed ride in February; exports remain bright spot

Enfield, TVS see growth while Bajaj, Hero struggle

Tesla sales down in France, Scandinavia as Elon Musk faces test of brand

A total of 613 new Teslas were registered in Sweden last month, down 42% year-on-year, while registrations in Norway and Denmark each fell by 48% to 917 and 509 cars respectively