Third-Party Motor Insurance Premium To Cost More From June 1
Press Trust of India | Thursday May 26, 2022, New DelhiThe Ministry of Road Transport and Highways (MoRTH) on Wednesday increased the third-party (TP) motor insurance premium for various categories of vehicles with effect from June 1, a decision which is likely to jack up the insurance cost of cars and two-wheelers.
Mahindra To Explore More Partnerships For Electric Vehicle Parts, Says CEO
Reuters | Monday May 23, 2022, Davos, SwitzerlandIndia's Mahindra and Mahindra will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters.
LML Electric Goes In Expansion Mode, To Pump In Rs 350 Crore
Press Trust of India | Sunday May 22, 2022, MumbaiLML Electric, which has announced its plans to roll out three products next year, is looking to invest Rs 350 crore in the business
Ashok Leyland Q4 Profit Declines 58% to Rs 158 Crore
Press Trust of India | Thursday May 19, 2022, New DelhiHinduja group flagship Ashok Leyland on Thursday reported a 58.14 per cent decline in consolidated net profit at Rs 157.85 crore in the fourth quarter ended March 2022, pulled down by higher expenses.
Tesla Ices India Plans, Gives Up Search For Showrooms: Report
Reuters | Friday May 13, 2022, New DelhiTesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
Government Aims To Set Up Vehicle Scrapping Facility Within 150 Km Of Each City
Press Trust of India | Saturday May 07, 2022, New DelhiRoad Transport Minister Nitin Gadkari said his aim is to develop at least one automobile scrapping facility within 150 km from each city centre
Mahindra Group Weighs Splitting Auto Business Into 3 Units: Report
Reuters | Friday May 06, 2022Indian auto-to-technology conglomerate Mahindra Group has begun a restructuring process to split its automobiles business into three separate units, the Economic Times reported on Friday.
Tata Motors Sees Huge 74% Rise In April Sales As Maruti, Hyundai Slip
Edited by Animesh Singh | Sunday May 01, 2022, New DelhiEven as sales of Maruti Suzuki and Hyundai Motors fell in April 2022, Tata Motors saw its total sales rise by a huge 74 per cent
Maruti Suzuki's Sales Fell 6% In April
Press Trust of India | Sunday May 01, 2022, New DelhiMaruti Suzuki India on Sunday reported a 6 per cent decline in total wholesales to 1,50,661 units in April.
Maruti Suzuki Records Huge 57.7% Rise In March Quarter Profit To Rs 1,839 Crore
Edited by Animesh Singh | Friday April 29, 2022, BENGALURUThe company reported a profit of Rs 1,839 crorefor the three months ended March 31, compared with Rs 1,166 crorea year earlier
Hit By Chip Shortage, Hero Electric Reports Zero Dispatches In April
Press Trust of India | Friday April 29, 2022, New DelhiElectric two-wheeler maker Hero Electric on Friday said it had zero dispatches to dealers in April, hit by the ongoing global semiconductor shortage
Tata Motors Targets 80,000 Electric Vehicles In Current Fiscal: Report
Reuters | Thursday April 28, 2022, NEW DELHITata Motors expects to aggressively ramp up annual production of electric vehicles (EVs) to more than 80,000 units this financial year
Nitin Gadkari Says Tesla Welcome To Make Electrical Vehicles In India, But Mustn't Import From China
Press Trust of India | Tuesday April 26, 2022, New DelhiNitin Gadkari has said if Tesla is ready to manufacture its electric vehicles in India then there is 'no problem' butit must not import Chinese cars
Tata Motors Raises Prices By 1.1% On Average To Offset Rising Input Cost
Press Trust of India | Saturday April 23, 2022, MumbaiTata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect.
Centre Plans To Penalise Companies After EV Scooter Fires: Nitin Gadkari
Reuters | Friday April 22, 2022, New DelhiIndia plans to impose heavy penalties and mandate recalls if electric vehicle (EV) companies are found to be negligent, as part of new "quality-centric" rules, the country's transport minister said, after a spate of fires involving e-scooters.
