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as an excellent model for digital native enterprises throughout the world. I believe that Indian startup ecosystem is just getting started. It's Day Zero and we are super excited about the potential of the startup ecosystem over the next decade, onwards and upwards," Natarajan stated. As per the report, factors such as... |
Electric scooters may get costlier as FAME incentives taper off: Crisil With a strong pick up in the adoption of electric two-wheelers which is translating into robust sales of e-two wheeler companies, there is also a possibility of becoming costlier by INR 45,000 in fiscal 2025, says a report, which can be offset by t... |
of vehicle (plus registration and insurance cost). This will make the TCA of electric scooters higher than that of ICE variants, which can potentially affect penetration, though this can be offset somewhat if electric two-wheeler makers share the benefits of PLI with customers. As the get exhausted -- likely by fiscal ... |
EV battery company Pointo raises USD 3 million funding start-up has raised USD 3 million from investors for its expansion into 20 districts of . The EV company, backed by Mufin finance, said that 4MW li-ion batteries will be deployed in West Bengal by 2024. The company said that it plans to create the biggest battery s... |
Wardwizard Innovations appoints Akhtar Khatri as Director - Sales and Strategy New Delhi: & Mobility Limited, a leading manufacturer of electric two-wheelers under the brand ' ' and three-wheelers under the brand 'Joy e-rik' in India, has appointed as Director - Sales and Strategy (Domestic and International Sales). Wi... |
Edelweiss General Insurance launches ‘Pay as you Drive’ add-on motor insurance product ( ) has launched the Switch Pay as you Drive (PAYD) add on for its private car package policy, adding to its usage-based motor insurance product suite in India. EGI had launched Switch 2.0 earlier this month. This product combines pa... |
Govt tells auto firms to liberalise repair services for consumers' benefit New Delhi: The Centre's has asked automobile manufacturers to enhance efforts towards democratisation of repair manuals and videos accessible to all, fostering a robust ecosystem for third-party repair services and upholding consumer rights. The... |
choices regarding the post-sales service of their products, besides ease in enjoying their products fully. The meeting concluded with the consensus to onboard the Right to Repair Portal and adopt a greater collaborative approach in providing a vibrant post-sale services to the consumers. The discussions also covered to... |
Govt proposes hike in third party motor insurance premium from next fiscal The has proposed an increase in the for various categories of vehicles, which is likely to jack up insurance cost of car and two-wheelers from April 1. According to the proposed revised rates, private cars with 1,000 cubic capacity (cc) will att... |
The double-edged sword of connected cars and cybersecurity New in-vehicle capabilities, such as over-the-air (OTA) upgrades and features on demand (FOD), as well as broader industry advantages, can be unlocked through connected technology. Yet as technology progresses, also grow. This two-edged sword is discussed by Up... |
Progressive's quarterly profit surges on strong demand for auto insurance policies Insurer Progressive Corp posted a more than fourfold jump in its second-quarter profit on Tuesday, driven by strong demand for its personal , sending its shares up 3.5% in premarket trading. Rising wages and a strong labor market encoura... |
Ratings of road contractors in the offing to curb errant operators: Nitin Gadkari The centre is working on rating contractors in the sector to weed out errant operators. Roads, Transport, and Highways Minister said that the rating can take into account the financial and contract execution performance over the last five... |
Budget 2024: Will interim budget roll out the red carpet for Tesla? : In recent years, India's drive to get Tesla be part of its localisation push has increased and trade minister Piyush Goyal's visit to 's auto factory added wings to the dreams. Goyal had also said that the US-based electric vehicle major would double... |
is formulating an electric vehicle policy that would enable global automakers to import battery-powered vehicles at concessional duty rates, provided they commit to local production in the future. Tesla's possible entry via tax reduction could reshape the EV landscape in India. However, India's will then have to balanc... |
India weighs selling part of BPCL instead of full stake: Sources NEW DELHI: is considering selling up to a quarter of state-run refiner after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected. New Delhi is considering inviting bids for... |
EV vs ICE price parity for luxury cars unlikely in near future Carmakers , and Mahindra & Mahindra are narrowing the price gap between their electric vehicles and petrol and diesel models amid softening battery prices, but luxury carmakers do not expect such price parity any time soon. That is mainly because luxury bat... |
MG Motor and M&M have cut prices of their EV offerings amid declining battery, lower costs as well as softening of demand. BMW leads the e-luxury car market in India with a 50% share. The company has been able to price its EV models competitively because of being an earlier entrant in the EV technology space, its presi... |
Government likely to revise EV manufacturing policy with emphasis on greenfield investment The government is developing detailed guidelines for companies interested in investing in the electric vehicle (EV) policy, and an official mentioned that a second round of consultation with stakeholders will take place soon. The... |
from the approval letter issuance by the ministry of heavy industries. The maximum number of electric 4-wheelers allowed to be imported at the reduced duty rate will be limited to 8,000 per year. Carrying over unused annual import limits would be allowed. |
The next frontier for drones: letting them fly out of sight REMINGTON, Va. - For years, there's been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it's a good idea - it's also the law. But some drones have recently gotten permission to soar out of their pilots' sight.... |
their whereabouts. And in the aftermath of Russia's war in Ukraine - where both sides have used small consumer - the White House to counter the potential malicious use of drones in the U.S. At a gas-fired plant in Remington, Virginia, which helps power some of Washington's suburbs, a reporter with The Associated Press ... |
FADA raises concern over sale of two-wheelers by unauthorised multi-brand outlets New Delhi: Automobile dealers' body on Tuesday said the illegal practice of unauthorised multi-brand outlets selling two-wheelers is making legitimate lose business and turn unviable. The Federation of Automobile Dealers Associations (FAD... |
Buffett's Berkshire discloses big Taiwan Semi stake said it bought more than $4.1 billion of stock in , a rare significant foray into the technology sector by billionaire 's conglomerate. In a Monday regulatory filing describing its U.S.-listed equity as of Sept. 30, Berkshire said it owned about 60.1 million of the wo... |
Auto dealers to clock 8-10% revenue growth as volume normalises New Delhi: Auto dealers will see revenues accelerate 8%-10% this fiscal, driven by 5%-7% increase in sales volume, premiumisation and price hikes of 2%-5% by original equipment manufacturers (OEMs). That, along with steady operating profitability and moder... |
FDI inflow hits all-time high of USD 83.57 billion in 2021-22 India has recorded the "highest ever" annual ( ) inflow of USD 83.57 billion in 2021-22, the commerce and industry ministry said on Friday. In 2020-21, the inflow stood at USD 81.97 billion, it added. "India is rapidly emerging as a preferred country for for... |
IREDA public issue to open on Nov 21; sets price band at Rs 30-32 share New Delhi: State-owned ( ) on Tuesday fixed a price band of INR 30-32 per share for its INR 2,150-crore initial public offering (IPO). The maiden public issue will open for subscription on November 21 and conclude on November 23 and the anchor book... |
Maruti Suzuki partners with Indian Bank for customised car loan offers New Delhi: on Wednesday said it has partnered with the public sector Indian Bank to provide customized car loans to its customers. The customers under this exclusive scheme, can avail loans up to 90% of the on-road price of the car besides getting b... |
Gig workers in India to top 23 million by 2029-30: Niti Aayog NEW DELHI: 's gig workforce is expected to expand to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a report said on Monday, and recommended extending measures for such workers and their families in partnership mode as envisaged in Code on Social Security. T... |
It may be expected that while the domination of medium skills would continue till 2030, gig work with other skills will emerge, the report added. The report noted that the rapidly burgeoning gig workforce is ushering in a new economic revolution globally. India – with its demographic dividend of half-a-billion labour f... |
Bajaj Allianz launches usage-based motor insurance add-on cover Private sector on Thursday launched its add-on cover called 'Pay As You Consume' (PAYC). The company was the first to launch 'Pay As You Consume' under the 's Sandbox Regulations. Owing to the overwhelming response from customers, Bajaj Allianz General Ins... |
Flipkart offers diverse range of petrol and electric vehicles on its e-commerce platform ahead of festive season is redefining the two-wheeler shopping experience ahead of the festive season with a wide range of petrol and electric options from top brands. The platform aims to provide unmatched convenience and affordab... |
in August 2024 compared to the previous year. This increase is especially notable in the commuter, scooter, and premium two-wheeler segments, particularly among electric models. Flipkart caters to a broad customer base, offering everything from entry-level bikes to high-end electric scooters. The platform's comprehensi... |
India will continue to buy oil wherever it can at lowest possible price: Hardeep Singh Puri The government has decided to cut by INR 200 per cylinder. But my next question is, who will be bearing the impact, government or ? And you will appreciate the spirit of my question, the reason I am asking this is because there ... |
cylinder that they draw, they are allowed to draw up to 12 cylinders. They probably draw only up to 3.7 or 4 cylinders. They get INR 200 per cylinder. Now, what does that mean? If you take, let us say, the average of 3.7 cylinders in a year, you take 365 days, you divide it, it comes to a 7 rupees expenditure per famil... |
is a tipping point at which demand begins to fall. So, we are in that territory but I can take advantage of your kindness and my ability to speak to your viewers that we are in a very comfortable position on availability, on affordability and on sustainability. So, on all counts, I think the Honourable Prime Minister a... |
we were able to get oil at a discount from Russia. Now, we understand that the discount from Russia is decreasing. Is that true? First of all, what you describe as the outstanding diplomatic success story about getting discounted oil from one source. Let me share with you my perception. We have done two or three things... |
OSRTC adopts cleaner fuel technologies to reduce carbon footprint New Delhi: ( ) is at the forefront of efforts to mitigate carbon emissions. It operates a fleet of over 636 buses and is under procurement stage for another 1745 buses. At present, more than 10 million passengers are using the annually and it is anticipa... |
backs OSRTC's vision to create a greener, cleaner, and more efficient public transportation system. We are proud to be associated with an organization that strikes a harmonious balance between meeting its financial objectives and ensuring a positive impact on the environment, society, and stakeholders. |
Global Road Safety Week: How technology can ensure safety and save lives on Indian roads Roads have become central to human life and the symbol of national prosperity. Yet 3700 road deaths every day is a black-spot on world transportation. One day people may ask, is it worth? Is it sustainable? In India, millions trave... |
gratifications to drive safely. Situation will be completely different from today, where 80K-90K traffic cops across the country are struggling to catch billions of violations. With this technology, self-enforcement will kick start and overtime will build Safety Culture on the Roads, users believing in the science of a... |
Bike Bazaar raises additional $10 million in funding, will focus on Electric Vehicles Two-wheeler sales and financing startup, , on Monday said that it has raised Rs 82 crore (or roughly $10 million) in additional funding from , a Germany-based development finance institution and a subsidiary of . With this funding, Bi... |
How tech-based solutions and accident data save lives on roads New Delhi: It’s oft-quoted in our social circles that commercial flights are the safest mode of transportation. No doubt this turns out to be true, especially if you consider its minuscule value on a scale of the number of fatalities per unit of distance co... |
components, skid/brake marks, site debris, and injury data. Today, data from 6500+ accidents with ~1500+ variables is included in the database. Data from RASSI finds multifold utility, ranging from conducting benefit estimation studies R&D of motorcycle and passenger car Antilock Braking Systems (ABS) to development of... |
about incidents on the road but also builds recommendations to drivers on road conditions, alerts, and perhaps even on adjacent vehicles. For instance, consider vehicle platooning, where a platoon leader (vehicle in front) communicates with the ones behind and exchanges crucial ecosystem data enabling in making autonom... |
South Korea's Hyundai Motor to take a fresh crack at Japan sales South Korea's said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as growing demand for offers a fresh opening in a market dominated by Toyota Motor. Hyundai said it will sell its Nexo SUV hydrogen fuel cell electric veh... |
Opinion: How the Interim Budget 2024 can foster robust automotive landscape New Delhi: Being the Lok Sabha election year, the 2024 Union Budget on February 1 will be interim or provisional. The automotive industry expects the budget to adopt a growth-oriented strategy, prioritizing the enhancement of capabilities for l... |
fuel initiatives and charging infrastructure. Including EVs in Priority Sector Lending (PSLs) to make EV financing more accessible,will also be key in enhancing EV adoption. In addition to the incentives aimed at directly improving EV registrations, the budget should also focus on extending support across the entire EV... |
as the nation moves towards sustainable and green mobility, the Interim Budget 2024 is anticipated to provide crucial support and incentives. The budget should focus on enhancing the EV ecosystem (in tandem with prioritising indigenous capabilities), investing in renewable energy, and incentivizing alternative fuel tec... |
Tesla, rivals get low marks for automated-driving technology 's and and nine other assisted-driving systems marketed by major automakers received "poor" ratings from the U.S. Insurance Institute for Highway Safety in a new study released on Tuesday. The IIHS, a safety research arm of the insurance industry, also said t... |
not as a safety feature. Different assisted-driving systems from Tesla, Mercedes-Benz , BMW, Nissan, Ford, GM, Hyundai's Genesis brand and Geely's Volvo Cars brand received "poor" overall ratings, although all achieved "good" scores on certain elements of the IIHS tests, the group said. "This new IIHS testing methodolo... |
Happy Easy Rides adds 150+ new cars to its fleet; eyes massive expansion by FY 25-26 across 30 cities New Delhi: (HER), one of the leading in India, has announced a massive expansion of its operations via the addition of over 150 to its already expansive inventory. Moreover, the company, driven by the ambition of spear... |
team building, and Client Relationships. Additionally, his in-depth knowledge of the start-up eco-system, especially SMEs and MSMEs is instrumental in solving the many challenges initiatives such as Happy Easy Rides face. About the expansion, on a similar note as Lalit, Nimay Sharma, the CFO of Happy Easy Rides said, "... |
Musk's big win in China: Tesla clears data security, full self driving hurdles for locally-made cars 's surprise visit to China has proven to be a strategic move yielding significant results. The Tesla boss has managed to get a key clearance from China that will be a big shot in the arm for the behemoth EV maker's effo... |
officials to deliberate on the deployment of Full Self-Driving software and the authorization for data transfer abroad, as per Reuters, citing an informed source. In response to a query on the social media platform X, Musk indicated earlier this month that Tesla might imminently offer Full Self-Driving capabilities to ... |
How to step-up handling of forex-related issues faced by exporters? Cross-border is a domain fraught with uncertainties at all levels. One of the major roadblocks to successful overseas trade operations is the inability to meet the requirements for foreign exchange ( ) systems and norms. This issue has the potential to... |
in mitigating potential currency risks. It's worth mentioning that hedging is a double-edged sword for exporters: While it reduces trade risks, it also significantly cuts any chances of potential windfall profits that exporters can earn in case of a favourable movement in the currency. Therefore, currency hedging remai... |
3rd party API services that can be integrated into the legacy systems or apps. They can also get predictions about future prices. Exporters can also select the duration and decide whether to go for forwards contracts or options in order to hedge the currency arbitrations," adds Sharma. To resolve documentation issues i... |
Modi invites Australian businesses to invest in infra, semiconductors, space sectors Sydney: Prime Minister on Wednesday invited Australian businesses to take advantage of investment opportunities in India in sectors like digital , telecom, and semiconductors. He suggested Australian CEOs to forge partnerships with the... |
economic reforms and initiatives launched by the government for ease of doing business and boosting economic growth," it said. The initiatives included mission Gati Shakti for an integrated approach towards infrastructure connectivity projects; Jan Dhan-Aadhar-Mobile trinity; National Education Policy; Hydrogen Mission... |
Uber India rolls out rewards programme for drivers across 12 cities Ride-hailing platform is rolling out a tiered rewards programme for drivers in 12 cities. The programme, , will give drivers benefits such as area preference, discounted vehicle maintenance and motor insurance, as well as enhanced micro-credit offering... |
on every completed trip and meeting other criteria. The points are reset every three months, and the drivers’ tier status is determined on a rolling period of three months. As drivers move towards a higher tier, they get access to more rewards. In addition to discounted car maintenance, motor insurance premiums and mic... |
Cars, two-wheelers to get costlier in Tamil Nadu. Here's why In a recent assembly session, the announced an increase in tax rates for new , , and other vehicles. As per a TOI report, this move is expected to raise the overall cost of vehicles in the state. The tax hike will also impact shared-autos, taxis, and trucks, ... |
Tesla shares skid after China sales fell to the lowest level in over a year Shares in Tesla fell more than 7% on Monday after its sales declined in February in China, where it likely faced a slowdown during the Lunar New Year holidays. The fall in sales in its key market dimmed the outlook for Tesla's global deliveries... |
Cars24 saw its topline grow at lower pace Gurugram-based unicorn saw its topline grow at a lower pace in the year ended March 31 as demand for entered the slow lane, and the company cut down on its spending significantly. In FY23, the startup’s operating revenue grew 7.7% year-on-year to INR 5,535 crore. Compared to th... |
and Peak XV Partners-backed CarDekho, is focussing on two levers to improve its margins, Jangid explained. “On the one hand, we are looking to provide value-added services to our consumers such as insurance, additional warranties and loans, which is adding to our margins. On the other, we are also working on reducing o... |
Electric vehicle-related incentives are the newest employee perk New Delhi: (EV) incentives are catching on as a new perk at companies such as , Larsen & Toubro and . They have drafted fresh policies providing incentives for the purchase of EVs and are setting up charging stations on campus. is also considering EV flee... |
also attempted to encourage behaviour that helps offset, reduce the carbon footprint," said Srivastava. MMT plants five trees in the name of every new recruit. "We then share a certificate with them with details of the type of trees, where they have been planted, and a nudge to make gifting a tree a habit." |
Nissan Smyrna plant rolls out 15 millionth vehicle, 2024 Pathfinder, on Wednesday New Delhi: 's Smyrna Vehicle Assembly Plant in Tennessee, USA, produced its 15 millionth vehicle, a 2024 finished in Deep Ocean Blue Metallic, on Wednesday. "Seeing the 15 millionth vehicle – a Pathfinder – roll off of our assembly line w... |
14 things India wants from Nirmala Sitharaman's Budget While is rebounding at the quickest pace among major economies this year, finance minister Sitharaman will need more than just stimulus to keep this run sustainable. A string of state polls next month and a Covid variant only makes her task challenging. Here are th... |
(SMEV) also said there is a need to amend the PLI scheme for automobile and auto components, as in its current form there is an "unfair price disadvantage" for small and medium-size EV players. 7. The hospitality sector wants GST input tax credit restored as it struggles with thin margins, huge losses, and loss of live... |
LTCG of 10 per cent for gains over Rs 1 lakh was introduced, but STT wasn’t reduced. 12. Homegrown Crypto and blockchain startups want clarity from Sitharaman over issues like taxation, legislation, exemptions and regulations. They are keen for Sitharaman to acknowledge the potential of the industry and frame some clar... |
Hero Electric Partners with Alt Mobility to deploy 10,000 Hero Nyx e-2W New Delhi: Electric two-wheeler company has partnered with for leasing electric vehicles to the logistics market. Under the collaboration, both the companies will work with logistic aggregators and fleet operators to deploy 10,000 by 2023. With the... |
Toyota Kirloskar enters used car biz, opens first outlet in Bengaluru New Delhi: ( ) recently said it has inaugurated a (TUCO) in Bengaluru to offer fully OEM (Original Equipment Manufacturer) refurbished used cars to the customer. According to the Japanese carmaker, this facility will Buy & Sell only Toyota pre-owned ... |
EVs can revolutionize commercial fleets and boost efficiency, says ALT Mobility CEO New Delhi: With the government efforts to incentivize the adoption of cleaner transportation options, many established companies are now taking to electric vehicles (EVs) for a sustainable and environment-friendly future. And there has ... |
along with a flexible ownership model, provides buyers with the option to purchase or return the vehicle at the end of the contract. Regarding the comprehensive vehicle management approach, Arora highlighted that ALT Mobility ensures timely servicing and proper upkeep of the vehicles. He said, "If a customer defaults, ... |
Senior US treasury officials to urge India to maintain implementation of Russian oil price cap Two senior US treasury officials are in India to urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia, while also promoting stable global energy markets. Acting Assistant Secr... |
U.S. states urge Hyundai, Kia to do more to tackle theft risk A group of 22 U.S. state attorneys general on Monday blasted Motor and Corp and said they need do more to address problems with millions of U.S. that are prone to theft. Last month, the Korean said they would offer software upgrades to 8.3 million U.S. vehic... |
rising to 96% by 2015. But they were standard on only 26% of 2015 Hyundai and Kia vehicles. Hyundai will also provide customers with a window sticker alerting would-be thieves that the vehicle is equipped with anti-theft protection. All Hyundai vehicles produced since November 2021 are equipped with an engine immobiliz... |
U.S. theft claims soar for Hyundai, Kia vehicles, says non-profit group WASHINGTON: U.S. theft claims were nearly twice as common for and compared with all other manufacturers among 2015 through 2019 model-year vehicles, a non-profit group said Thursday. The (IIHS) said many 2015-19 model year Hyundai and Kia vehicles ... |
Drivers more likely to be distracted while using partial automation tech, study shows Drivers are more likely to engage in , such as checking their phones or eating a sandwich, when using systems, with some easily skirting rules set to limit distractions, new research showed on Tuesday. Insurance Institute for Highway ... |
China Nov passenger vehicle sales drop 9.5%, first fall in six months China's fell for the first time in six months in November and are expected to stay flat next year, an said on Thursday, as demand weakens faster than expected, even as stringent COVID rules are eased. Vehicle sales last month fell 9.5% from a year ea... |
to rush to buy at the end of the year, before government subsidies and the purchase tax cut expire. But the incentives did little to boost vehicle sales in recent months, as many COVID restrictions remained in place. Foreign brands saw even sharper sale slumps in November, with Japanese brands the weakest among them, s... |
Kia India launches EV 6 lease program exclusively for professionals has introduced a new lease program for its flagship , the EV6, following the success of its initial leasing initiative launched two months ago. The EV6 lease program, targeting professionals such as doctors, chartered accountants, and select corporates... |
Oil PSUs buy more Russian crude despite G7 price cap New Delhi: State-run refiners increased their imports of by a quarter in September over the previous month, helping boost India’s imports from Russia by nearly a tenth and providing further evidence that the wasn’t proving much of a hindrance in oil imports. Russia s... |
FTC sues Asbury Automotive for charging Black, Latino customers more The U.S. Federal Trade Commission sued on Friday, alleging that three of its dealerships in Texas charged higher prices than others, and routinely added services to customers' contracts without their consent. Up to 75% of customers of in Fort Worth, a... |
Formal job creation remains uneven for second month in a row continued to be uneven for a second month in a row with the registering a marginal increase in net new in February while the net addition of subscribers under the Employees State Insurance Corporation and the fell month-on-month. The provisional payroll data ... |
Insurance firm lodges FIR for fraud, 4-wheelers insured as bikes Lucknow: Insurance firm Bajaj Allianz has lodged an FIR with the Hazratganj police in Lucknow, alleging that owners of 21 commercial four and three-wheelers in the state have got their vehicles insured as two-wheelers in the last one month and paid less p... |
TotalEnergies in India partners with Mahindra Insurance Broker Limited New Delhi: Marketing Private Limited (TEMIPL) has entered into an agreement with Limited (MIBL) to provide one-stop insurance services for car owners at TotalEnergies Quartz Auto Services ( ) workshops. Across 235 TEQAS centers in India, TotalEnergi... |
GM set to launch behavior-based U.S. driver insurance in Q1: Executive Co aims to launch an by the end of the first quarter in some U.S. states that charges policyholders based on their driving performance, a company executive said in an interview. The automaker's OnStar subsidiary has asked for regulatory approval of ... |
Small cars likely to stage a comeback by 2026 amid rising entry-level incomes, says Maruti Suzuki chairman RC Bhargava may stage a comeback by 2026 as the income of customers at the entry level rises and scooter and motorcycle owners start upgrading, chairman told ET in an interview. He dismissed the argument that tw... |
have been very good in comparison to the previous years, which were very bad years,” Bhargava said. “When you suddenly drop to a low base, then you have nowhere else to go but to go up. And that's what's happened in the last few years. If you consider the sales we would have had if we had steady growth since FY19, we a... |
Oil falls below USD 100, eases pressure on oil cos After staying above USD 100 per barrel for two weeks, international oil prices fell to USD 99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. oil prices, which soared pa... |
Hero Motocorp skids 4% as supply roadblocks compel delay of first EV 2-wheeler launch Shares of slid 4.3 per cent in early trade on Thursday after the two-wheeler giant deferred the launch of its first electric two-wheeler on account of supply constraints amid geopolitical tensions. The automobile major had earlier ann... |
US auto sales set to fall in September on fewer selling days, shows report in September in the United States are projected to fall 1.8% from a year ago, partly hurt by three fewer selling days, a report by industry consultants and GlobalData showed on Thursday. Seasonally adjusted annualized rate ( ) sales of new vehic... |
No proposal to provide duty concession on import of EVs: Govt The government on Wednesday said it is not considering any proposal to provide duty concessions and exemption from local value addition for import of electric vehicles into the country. Responding to a question whether there is any proposal to exempt and oth... |
Auto/cab driver unions protest MP Tejasvi Surya's carpooling stand New Delhi: Autorickshaw and taxi drivers held a protest on Friday in front of the office of Bengaluru South for supporting in Bengaluru. The MP wrote to the CM recently, asking the state government to bring changes in rules to facilitate carpooling, the... |
Ford, Toyota halt some output as U.S., Canada warn on trucker protests Ford and Toyota on Wednesday both said they were halting some production as anti-coronavirus mandate protesters blocked U.S-Canada border crossings that have prompted warnings from Washington and Ottawa of economic damage. Many pandemic-weary Wester... |
near Toronto is operating with a reduced schedule, as it warned the Ambassador Bridge closure "could have widespread impact on all automakers in the U.S. and Canada." Chrysler-maker Stellantis has also faced a shortage of parts at its assembly plant in Windsor, Ontario, where it had to end shifts early on Tuesday, but ... |
India's HPCL faces challenges paying for Russian oil as banks baulk By Nidhi Verma 's state-run is facing difficulties in paying for following a Dec. 5 price cap imposed by Western nations as banks shy away from processing payments, a company official said on Tuesday. While Western sanctions against Moscow are not reco... |
Uber raises min age for most California drivers to 25, insurance costs are too high raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of in the state. The new rule applies only to drivers signing up to wi... |
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