Govt Likely to Change Domestic Value Addition Guidelines of EV Manufacturing Policy
Amid the lukewarm response to India’s EV manufacturing policy that allows automakers to import certain electric cars at a reduced import duty, and consequently with Tesla not committing to enter India, the government is now considering some changes in the proposed domestic value addition (DVA) criteria and the minimum value for imported vehicles in the […]
EVs contribute over 78% to JSW MG Motor India’s total volumes in February
Share via: JSW MG Motor India revealed that the new Windsor has helped increase the brand’s market penetration in the EV segment, as rival Tata Motors witnessed … Read more The MG Windsor EV is driving the sales for JSW MG Motor India with its fantastic pricing and the Battery-as-a-Service (BaaS) option JSW MG Motor […]
Kia registers 24% growth in February, new Syros contributes over 21% to total sales
Share via: The Kia Sonet was the brand’s top-seller in February followed by the Seltos and Carens. The Kia Syros has been a strong seller in the first month of s … Read more Kia India sold 5,245 units of the Syros in February and has an order book of over 20,000 bookings for the […]
Endurance Technologies Extends Deadline for Voluntary Separation Scheme at Waluj Plant
Endurance Technologies Limited has announced an extension of the application deadline for its Voluntary Separation Scheme (VSS) at its plant located at L-6/3 (LPDC), MIDC Industrial Area, Waluj. Initially set to close on February 28, 2025, the deadline has now been extended to March 10, 2025. The company had earlier communicated details of the scheme […]
Govt Likely to Change Domestic Value Edition Guidelines of EV Manufacturing Policy
Amid the lukewarm response to India’s EV manufacturing policy that allows automakers to import certain electric cars at a reduced import duty, and consequently with Tesla not committing to enter India, the government is now considering some changes in the proposed domestic value addition (DVA) criteria and the minimum value for imported vehicles in the […]
Maruti Suzuki reports marginal sales uptick in February 2025 backed by Swift, Fronx, Ertiga
Share via: Maruti Suzuki registered growth in the compact and utility vehicle segment, while sales of mini cars such as the Alto and S-Presso declined. Maruti Suzuki sold 72,942 units of compact segment cars including the Swift, Baleno, Dzire, Celerio, Ignis, and WagonR. Maruti Suzuki India on Saturday reported a slight uptick in total sales […]
Toyota registers 13% growth in February FY25 sales backed by Innova, Fortuner, Rumion
Share via: Toyota attributed its success to the utility vehicle lineup, which made up for 68 per cent of its total sales in February. The remaining 28 per cent w … Read more Utility Vehicles comprising the Innova range, Fortuner, Hilux, and Rumion, contributed 68 per cent of the total sales for Toyota in February […]
Hyundai domestic sales drop 5% in February, exports show marginal rise
Share via: Hyundai cited geopolitical challenges as the reason for its low volumes but is optimistic the recently revised tax reforms will bring improvements to … Read more Hyundai’s domestic sales in February stood at 47,727 units, witnessing a drop of 4.93 per cent against 50,201 units sold during the same period last year Hyundai […]
Uno Minda Limited Announces Senior Management Change as Domain CEO Retires
Uno Minda Limited, a prominent automotive component manufacturer, announced today that Mr. Rajeev Gandotra, Domain CEO of 4W Lighting, has retired from the company effective February 28, 2025. The company disclosed this information in a regulatory filing to the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) in compliance with SEBI regulations. […]
Greaves Cotton Announces Voluntary Dissolution of US Subsidiary
Greaves Cotton Limited today announced that its step-down wholly owned subsidiary, Greaves Technologies Inc (GTI), has submitted an application for voluntary dissolution with the statutory authorities in Delaware, USA. The dissolution is expected to be effective from February 28, 2025, subject to necessary approvals. According to the filing submitted to both the BSE and NSE, […]
2025 Tesla Model 3 might launch in India. Here’s what you can expect from the EV
Share via: The Tesla Model 3 is speculated to enter the Indian market. With potential import duty cuts, its price could be about ₹35-40 lakh on road. The Model 3 supports up to 11kW AC charging and up to 250kW DC fast charging. The Tesla Model 3 is speculated to be launching in the Indian […]
Tata Communications Finalizes Divestment of Payment Solutions Subsidiary to Transaction Solutions International
Tata Communications has completed the divestment of its wholly-owned subsidiary, Tata Communications Payment Solutions Limited (TCPSL), to Transaction Solutions International (India) Private Limited (TSI), a subsidiary of Australian digital payments provider Findi Ltd. The transaction was finalized on February 28, 2025, following regulatory approval from the Reserve Bank of India and fulfillment of all conditions […]