Gadkari did not give any timeline to meet this ambitious target which even proponents of green energy believe is mind bogglingly difficult
This is a major concern for the industry, especially for start-ups, as it increases costs and makes it difficult to manage working capital, the industry feels
Car sales in India crossed 4 million units last year while 72,321 electric four-wheelers were registered, according to the survey conducted by online consumer pulse aggregator platform, LocalCircles
Meanwhile, the second phase of FAME, or Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, ends on March 31, 2024
Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade
The company said it's working with NHTSA to support the investigation. Ford's F-Series pickups are the top-selling vehicles in the US
Penetration likely to remain lower than global average
Banerjee was elected at the Managing Committee Meeting of the association held on Thursday evening
As of Thursday, registrations of electric two-wheeler vehicles have already surpassed 100,031 - an increase of over 25 per cent compared to the previous month
Maruti Suzuki India Limited is India's largest carmaker with about 43 per cent volume share
Xiaomi said that it received 50,000 orders for the SU7 in the first 27 minutes after sales opened at 10 p.m. Beijing time (1400 GMT)
Indian Oil has floated a tender for 6,000 chargers, in which 40 EV suppliers across the country participated
Automaker Toyota Kirloskar Motor on Thursday said it plans to increase prices of select vehicles up to 1% from April 1 citing rising input costs and operational expenditures
Sales in China - the world's biggest auto market - tumbled 36%. This year the week-long Lunar New Year holiday took place in February while last year it occurred in January
Companies likely to lose Rs 20k per vehicle if they are not registered on time and subsidy not granted
Renault Nissan Alliance Chairperson Jean-Dominique Senard said India is at the heart of the alliance and every part of car manufacturing happens at the India plant
"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."
Tesla launched sales in late 2022, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD
Hyundai Motor Group includes flagship Hyundai Motor and its affiliate Kia, which together are the world's number three automaker by sales
'Bus market may see around 25-30 per cent growth, truck sales to remain flat this year'