Automotive to sustainable mobility, EVs and beyond: Auto industry’s journey for 2025
2 weeks, 2 days ago

Automotive to sustainable mobility, EVs and beyond: Auto industry’s journey for 2025

Live Mint  

New Delhi, Dec 24 Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR. While electric vehicles remain at the forefront of the journey towards sustainable mobility, the industry, especially the passenger vehicles segment, is witnessing louder calls for supporting other technologies like strong hybrids, biofuels, and biogas, besides CNG. As for 2025, he said the company is looking forward with "immense enthusiasm" to the new year as it gears up to foray into the battery electric vehicle segment with the unveiling of eVITARA, a global model manufactured in India for the world. "Tata Motors is in a strong position to make the most of key shifts in the industry, from the growing demand for greener, emission-friendly powertrains to safer cars and SUVs," Tata Motors Passenger Vehicles MD Shailesh Chandra said, adding that the company remains optimistic about the growth of the Indian passenger vehicle market in 2025.

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History of this topic

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January
3 days, 12 hours ago

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January

Live Mint  

The Indian auto sector has showcased an outstanding performance in 2024. With a record-breaking 26.1 million units sold, marking a 9% year-on-year growth, the sector's resilience and robust demand across various segments have brought it into the limelight. While the sudden revival has piqued interest in the trading and investing community once again, the auto sector's relative strength and its …

EV stakeholders deliberate on development of battery charging and swapping infrastructure
5 days, 23 hours ago

EV stakeholders deliberate on development of battery charging and swapping infrastructure

Deccan Chronicle  

New Delhi: Various stakeholders from the electric vehicle sector on Friday held deliberations with commerce and industry minister Piyush Goyal here on various issues, including development of battery charging and swapping infrastructure. Officials from department of heavy industries, department for promotion of industry and internal trade and auto majors including Tata, TVS and Mercedes-Benz India among others also participated in …

Watch: The Transition to EVs: Can India Lead the Charge? | Climate Economy
6 days, 19 hours ago

Watch: The Transition to EVs: Can India Lead the Charge? | Climate Economy

The Hindu  

Welcome to the first episode of The Hindu’s Climate Economy! This episode focuses on India’s transport sector, a major contributor to greenhouse gas emissions, and its rapid transition to electric vehicles. Learn about India’s dependency on imported materials like lithium and cobalt, and how the government is addressing supply chain concerns. Join us as we unpack the policies, innovations, and …

Maruti Suzuki To Unveil Its First EV e Vitara At Bharat Mobility Global Expo In 2025
Trending News
2 weeks, 6 days ago

Maruti Suzuki To Unveil Its First EV e Vitara At Bharat Mobility Global Expo In 2025

ABP News  

Maruti Suzuki will enter into the EV segment with its first made for India EV which also has a HEARTECT-e platform specially designed for Battery Electric Vehicles. The car has short overhangs, flat floor and will have more features than other Maruti Suzuki cars thus showing its premium status. The range would be around 550km per charge and that is …

Telangana committed to promote electric vehicles: Uttam Reddy
1 month, 2 weeks ago

Telangana committed to promote electric vehicles: Uttam Reddy

The Hindu  

Irrigation Minister N. Uttam Kumar Reddy reaffirmed the Telangana government’s commitment to promoting electric vehicles as part of its strategy to combat the escalating pollution crisis in urban areas. Speaking at the launch of the ‘E-Raja L-5 Segment Electric Auto,’ a ‘Make in India’ product by Rap Eco Motors, at the Administrative Staff College of India, he highlighted the urgent …

Chinese firms power Indonesia's EV sector
1 month, 2 weeks ago

Chinese firms power Indonesia's EV sector

China Daily  

By LEONARDUS JEGHO in Jakarta and PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-11-22 10:22 Chinese electric vehicles are powering Indonesia's EV industry and gaining ground among local consumers, industry executives say. Rubby Lie, branch head of Prima Wahana Auto Mobil, Wuling Motor's largest authorized dealer in Indonesia, shared optimism about rising local demand for Wuling and …

Chinese firms power Indonesia's EV sector
1 month, 2 weeks ago

Chinese firms power Indonesia's EV sector

China Daily  

By LEONARDUS JEGHO in Jakarta and PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-11-22 10:22 Chinese electric vehicles are powering Indonesia's EV industry and gaining ground among local consumers, industry executives say. Rubby Lie, branch head of Prima Wahana Auto Mobil, Wuling Motor's largest authorized dealer in Indonesia, shared optimism about rising local demand for Wuling and …

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO
1 month, 2 weeks ago

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO

Live Mint  

New Delhi: The Union government is planning to use electric vehicles for its operations, and will urge states to follow suit, Tarun Kapoor, adviser in the Prime Minister's Office said on Tuesday. States will be incentivized to electrify their government fleets through interest-free loans from the Centre, Kapoor told the EV industry at the FICCI National Conference on Electric Vehicles …

Make shared mobility part of sustainability discussions
2 months ago

Make shared mobility part of sustainability discussions

Hindustan Times  

The recent announcement of the PM E-drive scheme marks a step towards sustainable mobility in the country. Their efforts to increase EV adoption started in 2015, when, owing to an increase in vehicular emissions, the central government launched the Faster Adoption and Manufacturing of Electric Vehicles in India 1 Scheme to reduce pollution caused by diesel and petrol-operated vehicles and …

Vajram Electric to Invest in Expansion, Modernize Manufacturing Facility
2 months, 2 weeks ago

Vajram Electric to Invest in Expansion, Modernize Manufacturing Facility

Hindustan Times  

Vajram Electric Ltd. gears up for fundraising to expand manufacturing facilities and modernize its manufacturing facility. The company aims to position itself as a preferred partner for automotive giants like Acer Electric and Daewoo Motors by expanding its production capacity and introducing state-of-the-art technology.

Acceptability of new energy vehicles set to rise by end of decade: Survey
3 months, 2 weeks ago

Acceptability of new energy vehicles set to rise by end of decade: Survey

New Indian Express  

NEW DELHI: Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles as the only option when considering a purchase by 2030, according to a survey. Around 83 per cent of the 1,000 prospective Indian buyers covered in the global survey said they will consider buying an NEV by the end of this …

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive
3 months, 2 weeks ago

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive

Live Mint  

NEW DELHI : Tata Motors Ltd, India’s leading electric vehicle manufacturer, is engaging with the Centre to re-examine the e-taxi segment's exclusion from the ₹10,900 crore EV subsidy scheme approved by the cabinet on 11 September, two people close to the development said. The PM Electric Drive Revolution in Innovative Vehicle Enhancement, marking the third phase of the Faster Adoption …

New PM E-DRIVE scheme offers ₹ ₹10,000 subsidy for EV 2-wheelers and ₹50,000 for EV 3-wheelers
3 months, 3 weeks ago

New PM E-DRIVE scheme offers ₹ ₹10,000 subsidy for EV 2-wheelers and ₹50,000 for EV 3-wheelers

Hindustan Times  

The PM Electric Drive Revolution in Innovative Vehicle Enhancement is a new electric vehicle subsidy scheme giving ₹10,000 for each electric 2-wheeler sold till March 2025 and ₹50,000 for electric 3-wheelers. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The government expects the scheme to support 24.79 lakh electric 2-wheelers, 3.16 lakh electric 3-wheelers, and 14,028 e-buses. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The scheme proposes …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
4 months ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels
4 months, 1 week ago

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels

Live Mint  

New Delhi: The slow adoption of electric vehicles in India stems from the incessant need to find alternative fuels and the lack of adequate charging infrastructure in the country, according to industry leaders who spoke at the Mint Sustainability Summit 2024 on Tuesday. Subsidies not the answer However, Aanchal Jain, CEO of PMI Electro Mobility Solutions, a global technology company …

Japanese automaker Nissan aims for sustainability, worker inclusivity
5 months, 1 week ago

Japanese automaker Nissan aims for sustainability, worker inclusivity

Associated Press  

YOKOHAMA, Japan — Nissan has outlined a “sustainability plan” to become a greener and more inclusive company, promising to recycle batteries, empower its workers and create safer cars. Nissan Motor Co. won’t be trying to beat rivals in the effort but hopes to work with various partners, Joji Tagawa, chief sustainability officer, told reporters this week at the company’s Yokohama …

Academicians, industry experts share insights on future of electric vehicles
5 months, 1 week ago

Academicians, industry experts share insights on future of electric vehicles

The Hindu  

The National Institute of Technology-Calicut, in collaboration with the Institute of Electrical and Electronics Engineers, hosted the PES YP Research Conclave 2024. Presiding over the function, Dr. Ajith Gopi, chairman of IEEE PES Kerala Chapter, emphasised the importance of academia-industry collaboration in fostering innovation in the EV sector. Dr. Shihabudeen K.V., Assistant Professor in Electrical Engineering; Dr. Kumaravel S., Associate …

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
5 months, 1 week ago

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased

Hindustan Times  

The central government has extended the 'Electric Mobility Promotion Scheme 2024' by two months, till September 30, 2024, according to a statement from the Ministry of Heavy Industries, which added that the total outlay for the scheme has also now been increased to ₹778 crore from ₹500 crore earlier. Ola Electric is India's bestselling two-wheeler EV brand {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Invest in India’s Future: Groww Unveils Auto EV Index NFO Amidst India’s EV Boom
5 months, 1 week ago

Invest in India’s Future: Groww Unveils Auto EV Index NFO Amidst India’s EV Boom

Live Mint  

In June, equity mutual funds inflows stood at a record ₹40,608 crore, while SIPs hit ₹21,262 crore. Given the growing trend of sector-based investing, Groww Mutual Fund has launched the Groww Nifty EV & New Age Automotive ETF FOF. Groww Nifty EV & New Age Automotive ETF FOF invests in the EV sector through other mutual funds that invest in …

The way forward for investments in the EV space | Explained
5 months, 4 weeks ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Should EVs and Hybrids be treated equally for government subsidies? | The Hindu parley podcast
6 months, 2 weeks ago

Should EVs and Hybrids be treated equally for government subsidies? | The Hindu parley podcast

The Hindu  

India’s road transport sector contributes about 12% to the country’s CO2 emissions, according to the International Energy Agency, making it the third most greenhouse gas emitting sector after energy and agriculture. The Union government has been attempting to fast track decarbonising transport for almost a decade with the introduction of the Faster Adoption and Manufacture of Hybrid and Electric Vehicles, …

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds
7 months, 1 week ago

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds

Hindustan Times  

The increased adoption of electric vehicles across two, three, and four-wheeler segments in India, driven by government schemes, is transforming the country's transportation sector. GHG emissions reduction scenario for HDVs by 2030 The ICCT study modelled future changes in India’s electricity grid using projections from the International Energy Agency scenarios. Meanwhile, for the categorisation under powertrain and fuel type, in …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months, 3 weeks ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

India wants to be world's car factory. A plan is in the works
9 months, 2 weeks ago

India wants to be world's car factory. A plan is in the works

Live Mint  

A grand vision is taking shape to build a global automobile hub in India, potentially supporting both electric and conventional vehicles, as well as new mobility and battery technologies. Over the years, the Centre has put its weight behind zero-emission EVs; however, the coming discussions will consider whether conventional internal combustion engine vehicles need support as well, two people aware …

Tesla: Red carpet welcome in India?
9 months, 3 weeks ago

Tesla: Red carpet welcome in India?

Live Mint  

India has announced a policy for electric vehicles that lowers the import duty for foreign-made EVs brought in by overseas auto majors. They’ll be allowed to import annually up to 8,000 EVs valued at $35,000 or more at a reduced import duty of 15% for five years, provided they invest at least $500 million in local manufacturing over the next …

New e-vehicle policy aims to attract foreign investment
9 months, 3 weeks ago

New e-vehicle policy aims to attract foreign investment

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. Issuing an official statement, the ministry of commerce & industry said that the companies setting up manufacturing facilities for e-vehicles would be allowed to import a limited number of cars at lower …

India Approves EV Policy to Attract Global Players
9 months, 3 weeks ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Union Govt approves electric vehicle policy to make India a EV manufacturing hub
9 months, 3 weeks ago

Union Govt approves electric vehicle policy to make India a EV manufacturing hub

Op India  

In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles, the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. The overarching objective of the newly approved E-Vehicle Policy is to facilitate the manufacturing of EVs in India, thereby providing …

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?
9 months, 3 weeks ago

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?

Hindustan Times  

Centre on Friday approved a new policy for electric vehicles which offers duty concessions on imported cars to companies that invest at least USD 500 million to set up manufacturing units in India. Over recent months, Tesla representatives visited India frequently, and CEO Elon Musk even met Prime Minister Narendra Modi last year. 'No special treatment to Tesla' Recently, commerce …

India's EV import tax reduction policy signals victory for Tesla and global automakers
9 months, 3 weeks ago

India's EV import tax reduction policy signals victory for Tesla and global automakers

India TV News  

India announced plans to reduce import taxes on specific electric vehicles, contingent on companies investing a minimum of $500 million and establishing a manufacturing plant within three years, signalling a significant policy pivot. Beyond Tesla While Tesla stood to benefit significantly from the policy, it also paved the way for other global automakers to tap into India's automotive market, the …

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On
10 months, 1 week ago

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On

News 18  

The Indian auto market has witnessed a significant emergence of electric vehicles over the past year. According to research by consultancy agency Brain & Company, electric vehicles hold a five percent share of the total car sales in the Indian market between October 2022 and September 2023. The study further noted that electric two-wheelers accounted for nearly 90 percent of …

PV industry growth likely to moderate to less than 5 precent in FY25: Tata Motors
10 months, 2 weeks ago

PV industry growth likely to moderate to less than 5 precent in FY25: Tata Motors

India TV News  

Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. Therefore, we are seeing with this high base effect, and FY25 will be slightly challenging with less than 5 percent growth rate," Chandra said in an analyst call. Chandra noted that in …

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker
10 months, 3 weeks ago

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker

Hindustan Times  

Months after expressing interest in entering the Indian market, billionaire Elon Musk-led Tesla may be making its way to the country as the central government is in the process to finalise its policy to extend concessional import duty, reported The Economic Times. Tesla founder Elon Musk with Prime Minister Narendra Modi Tesla is now on the verge of entering the …

Suzuki aims high with electric air copters, eyes India and the US: Report
10 months, 4 weeks ago

Suzuki aims high with electric air copters, eyes India and the US: Report

Live Mint  

Japanese auto major Suzuki Motor Corporation is poised to soar into the skies with its latest venture – electric air copters. With a vision to pioneer new mobility solutions, the company is gearing up to introduce compact air taxis designed to transport up to three passengers, including the pilot, ras per a Times of India report. With a take-off weight …

Suzuki aims high with electric air copters, eyes India and the US: Report
10 months, 4 weeks ago

Suzuki aims high with electric air copters, eyes India and the US: Report

Live Mint  

Japanese auto major Suzuki Motor Corporation is poised to soar into the skies with its latest venture – electric air copters. With a vision to pioneer new mobility solutions, the company is gearing up to introduce compact air taxis designed to transport up to three passengers, including the pilot, ras per a Times of India report. With a take-off weight …

JSW Group and Odisha govt unite for massive Electric Vehicle manufacturing venture
10 months, 4 weeks ago

JSW Group and Odisha govt unite for massive Electric Vehicle manufacturing venture

Live Mint  

JSW Group, a prominent Indian conglomerate, is set to make significant strides in the electric vehicle and battery manufacturing sector with a massive investment of 400 billion rupees in the eastern state of Odisha. In a joint statement released on Saturday, the conglomerate and the state government formalized their collaboration by signing a memorandum of understanding for the establishment of …

India will become auto technology provider to the developing world: Bhargava
11 months, 1 week ago

India will become auto technology provider to the developing world: Bhargava

Live Mint  

New Delhi: India’s car industry will drive its manufacturing growth and play a big role in attracting investments and prosperity, Maruti Suzuki chairman R.C. These are themes he addresses in his latest book, Impossible to Possible, in which he describes what made Maruti Suzuki, the first and only instance of the government-run public sector undertaking forming a joint venture with …

'Bridge to full electrification': Could hybrid cars push reluctant drivers to EVs?
11 months, 3 weeks ago

'Bridge to full electrification': Could hybrid cars push reluctant drivers to EVs?

BBC  

'Bridge to full electrification': Could hybrid cars push reluctant drivers to EVs? Getty Images The Jeep Grand Cherokee 4xe is the best-selling plug-in, and the 4xe line-up is expanding this year As North American consumer uptake of electric vehicles crawls, companies are focusing on upgraded hybrid cars. Showcasing these vehicles could be a good strategy for auto companies, who are …

Vietnam’s VinFast looks to start India EV operations in 2024
11 months, 3 weeks ago

Vietnam’s VinFast looks to start India EV operations in 2024

Live Mint  

Vietnamese electric vehicle maker VinFast is moving fast to kick-start its India operations, targeting sales of its first two-wheelers and four-wheelers in India beginning in the third quarter or second half of calendar year 2024, two persons aware of the plans told Mint on condition of anonymity. VinFast, which offers battery electric sport utility vehicles spanning the A to E …

Tesla makes big plans for India: May set up factory, make new car for developing nations
11 months, 3 weeks ago

Tesla makes big plans for India: May set up factory, make new car for developing nations

Hindustan Times  

As India moves closer to drafting a new electric vehicles policy, Tesla is in advanced talks to make an entry into the country and may be open to committing nearly $30 billion in investments, directly and indirectly, over the next five years in a manufacturing plant, and battery ecosystem and ancillary industries, people closely involved with the company’s official business …

Bihar govt. gives green push with approval of new electric vehicle policy
1 year, 1 month ago

Bihar govt. gives green push with approval of new electric vehicle policy

The Hindu  

In a landmark move to champion eco-friendly transportation, the Bihar government has given the nod to a comprehensive Electric Vehicle policy. The Bihar Electric Vehicle Policy, designed to steer the State towards a sustainable transport paradigm, outlines ambitious goals for the next five years, culminating in 2028. Speaking on the broader objectives of the EV policy, Transport Secretary Sanjay Kumar …

Prepare for the future with a green mindset
1 year, 1 month ago

Prepare for the future with a green mindset

Hindustan Times  

Every time I see a green number plate on a vehicle around me in Maharashtra, I feel a sense of joy and pride like none other. The National Clean Air Programme to urban agglomerations, the 15th Finance Commission fund and the EV Policy helped urban local bodies across Maharashtra place large orders for electric buses to encourage rapid transition. As …

Forget Teslas, India’s EV revolution is happening on two wheels
1 year, 2 months ago

Forget Teslas, India’s EV revolution is happening on two wheels

Hindustan Times  

Even licence plates contribute to the feast of colour that is an Indian city. In 2013, the then Congress-led government launched the first national scheme—the National Electric Mobility Mission Plan—to push EVs. The incentives spurred the growth of EV scooter startups such as Ola Electric Mobility and Okinawa, which have gobbled up market share, though new firms are still emerging. …

20 Years of ‘Vibrant Gujarat’: How the State Has Become Dream Destination for Investors
1 year, 3 months ago

20 Years of ‘Vibrant Gujarat’: How the State Has Become Dream Destination for Investors

News 18  

With the Vibrant Gujarat Global Summit completing 20 years this year, Prime Minister Narendra Modi will participate in it, commemorating the anniversary. In a big move for the country’s upcoming semiconductor industry, US-based chipmaker Micron Technology, Inc. carried out the ground-breaking of its $2.75 billion assembly, testing and packaging plant in Sanand, Gujarat last week. • In Sanand, the establishment …

Tesla to source almost $2 billion from Indian auto part makers in 2023: Goyal
1 year, 3 months ago

Tesla to source almost $2 billion from Indian auto part makers in 2023: Goyal

The Hindu  

Tesla is likely to ramp up its sourcing from India this year to a little under $2 billion and while the government is keen to attract investors like the Texas-based electric automobile player, it will frame a policy for the sector that does not favour a single player, Commerce and Industry Minister Piyush Goyal said on Wednesday. “Last year, Tesla …

World EV Day 2023: Industry Stakeholders Pitch for Electric Vehicles, Here's Why
1 year, 4 months ago

World EV Day 2023: Industry Stakeholders Pitch for Electric Vehicles, Here's Why

News 18  

As India doubles down on its electric vehicle dream with a push for local manufacturing, leading EV and industry stakeholders on Friday said it is a perfect time to create awareness and encourage a move toward environmentally-friendly transportation. India saw 120 per cent growth in electric vehicles in the second quarter of this year, driven by a 400 per cent …

India's automotive industry poised to rank number 3 in world by 2030: Govt
1 year, 4 months ago

India's automotive industry poised to rank number 3 in world by 2030: Govt

Deccan Chronicle  

New Delhi: India's automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs 25,938 crore PLI for Automobile and Auto Components supporting the sector's growth, the government said on Monday. “MHI considers the PLI-Auto applicants of automotive industry as one of the crucial stakeholders of the scheme,” the ministry stated. “The …

Cabinet decision to deploy 10,000 e-buses a pioneering step, say automakers
1 year, 4 months ago

Cabinet decision to deploy 10,000 e-buses a pioneering step, say automakers

The Hindu  

The Union Cabinet’s decision to allocate ₹57,613 crore for deployment of 10,000 electric buses across major cities and Union Territories, hill states and the northeast region would take e-buses across India, companies manufacturing electric buses said. By embracing sustainable mobility, India reinforces its commitment to environmental stewardship, climate change mitigation, and the well-being of its people, illustrating that a greener …

Indian Automobile Industry Witnesses 92 Percent Decline in Deal Activity Due to EVs
1 year, 5 months ago

Indian Automobile Industry Witnesses 92 Percent Decline in Deal Activity Due to EVs

News 18  

India Inc saw just 16 deals amounting to $98 million in the second quarter this year in the auto sector, registering a substantial decline in overall deal activity, with a 92 percent drop in values and 36 percent decrease in volumes, a report showed on Wednesday. The sector recorded a 21 percent growth in domestic sales in FY 2022-23 across …

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