Page 16 - Automobile

Why are electric vehicles still so expensive? Blame the manufacturers

EVs are built with fewer parts than regular cars, and they're often sourced from other companies

Govt working on PLI schemes for more products to boost manufacturing: Goyal

The government had rolled out PLI schemes for 15 key sectors, including technology, textile, automobile, pharmaceutical drugs, speciality steel, electronics, among others

Trade-off in safety norms: EV makers say Oct 1 deadline impossible to meet

Industry players are worried that any fresh accidents may lead to more investigations that would penalise the entire industry instead of errant manufacturers

Ola does a u-turn: Plans more experience centres to take count to 200

At present the company has 20 experience centres; move is in contrast to company's earlier gameplan to disrupt traditional auto distribution channels by selling directly to customers

Honda Cars eyes comeback with a slew of new SUVs across multiple segments

Firm kick-starts feasibility study on a pure electric model

Restructuring at Ola group likely to take away 200 engineering jobs

Aim is to minimize redundancy and centralise operations, says company

Mercedes Benz to roll out EQS 580 from Sept 30; here's what to expect

EQS 580 will be offered with a dual-motor set-up, one on each axle. It develops 516 bhp and 856 Nm of peak torque and is paired with a 4Matic all-wheel-drive system.

Hero Electric under DRI lens for evading customs duty worth Rs 330 crore

Hero Electric reportedly ordered fully assembled vehicles into the country but later disintegrated them and sent them to different ports across the country to evade tax

Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter

India must target full electrification of 2, 3-wheelers in 4 years: Kant

80% of vehicle sales are in those segments, says the country's G20 Sherpa as he hails 'electric revolution'

Second-hand car market to be regulated, dealers to play a bigger role

When the vehicle is received for reselling by the dealer, it will be registered for sale. The dealer will then become the sole responsible person for any untoward incident like theft etc

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

LML looking at comeback with e-scooters, may use Harley unit in Manesar

Company reportedly looking to launch three two-wheeler concepts later this month

EV sales likely to jump by over 4X by 2025 in India: Deloitte Touche

It will be largely led by two-wheelers, followed by three-wheelers and commercial vehicles and passenger vehicles, respectively

Hyundai, Royal Enfield improved the most in dealer satisfaction study: FADA

The overall dealer satisfaction index improved from 657 points last year to 719 points this year, the study noted

GM announces mass-market EV for $30,000, threatens Elon Musk's Tesla

Called the 2024 Chevrolet Equinox EV, the car will have an estimated range of 480 kms and will go on sale next year

Vehicle sales up 8% in Aug, two-wheelers cause for concern: FADA

Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019

Banks, FMCG: Time to bet on domestic economy-related sectors, say experts

Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes

M&M unveils its first electric sports utility vehicle 'XUV400' in India

The deliveries of XUV400 are scheduled to begin from the end of January next year