[ad_1] Vietnamese automaker VinFast also plans to invest $2 billion in the country and in February began constructing a factory in the southern state of Tamil Nadu. Electric-vehicle sales in India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and supporting infrastructure comes up … Read more
[ad_1] Electric two-wheeler registrations on Thursday crossed the magical 100,000 mark for the second time since their launch in the country. They are now poised to create a new milestone by hitting the highest number of vehicles registered in a month, with three days remaining for March to end. The reason: companies … Read more
[ad_1] Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making. The investment is being made through Maruti Suzuki Innovation Fund, an … Read more
[ad_1] Michael Mayer, executive director (Sales – International) at Volkswagen Passenger Cars Volkswagen Passenger Cars is targeting a volume sales growth of about 15 per cent in the country in 2024, even as it expects the Indian passenger vehicle (PV) industry to grow by 5-7 per cent in the current year, stated its India … Read more
[ad_1] Vietnam’s electric car maker VinFast Auto on Monday said India’s new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality SUVs at inclusive prices. The … Read more
[ad_1] The capital expenditure outlay for the original equivalent manufacturers (OEM) is estimated to remain high over the next few fiscal, the report said The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the preceding fiscal, according to ratings firm ICRA. … Read more
[ad_1] General Motors, auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform to buy and sell automotive software. The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software’s features and attributes can be listed. … Read more
[ad_1] Despite sharp discounts across models to raise volumes in the past two months, electric two wheeler sales month-on-month are stagnating. Registrations to the end of February touched 79,139, marginally lower than 79,214 in January, based on VAHAN data. Only seven companies achieved over 1,000 registrations in February. This is disappointing for a market … Read more