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Third-Party Motor Insurance Premium To Cost More From June 1

Third-Party Motor Insurance Premium To Cost More From June 1

Press Trust of India | Thursday May 26, 2022, New Delhi

The 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

Mahindra To Explore More Partnerships For Electric Vehicle Parts, Says CEO

Reuters | Monday May 23, 2022, Davos, Switzerland

India'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

LML Electric Goes In Expansion Mode, To Pump In Rs 350 Crore

Press Trust of India | Sunday May 22, 2022, Mumbai

LML 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

Ashok Leyland Q4 Profit Declines 58% to Rs 158 Crore

Press Trust of India | Thursday May 19, 2022, New Delhi

Hinduja 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

Tesla Ices India Plans, Gives Up Search For Showrooms: Report

Reuters | Friday May 13, 2022, New Delhi

Tesla 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

Government Aims To Set Up Vehicle Scrapping Facility Within 150 Km Of Each City

Press Trust of India | Saturday May 07, 2022, New Delhi

Road 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

Mahindra Group Weighs Splitting Auto Business Into 3 Units: Report

Reuters | Friday May 06, 2022

Indian 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

Tata Motors Sees Huge 74% Rise In April Sales As Maruti, Hyundai Slip

Edited by Animesh Singh | Sunday May 01, 2022, New Delhi

Even 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

Maruti Suzuki's Sales Fell 6% In April

Press Trust of India | Sunday May 01, 2022, New Delhi

Maruti 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

Maruti Suzuki Records Huge 57.7% Rise In March Quarter Profit To Rs 1,839 Crore

Edited by Animesh Singh | Friday April 29, 2022, BENGALURU

The 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

Hit By Chip Shortage, Hero Electric Reports Zero Dispatches In April

Press Trust of India | Friday April 29, 2022, New Delhi

Electric 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

Tata Motors Targets 80,000 Electric Vehicles In Current Fiscal: Report

Reuters | Thursday April 28, 2022, NEW DELHI

Tata 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

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 Delhi

Nitin 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

Tata Motors Raises Prices By 1.1% On Average To Offset Rising Input Cost

Press Trust of India | Saturday April 23, 2022, Mumbai

Tata 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

Centre Plans To Penalise Companies After EV Scooter Fires: Nitin Gadkari

Reuters | Friday April 22, 2022, New Delhi

India 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.