Monthly Archives: October, 2023

Govt’s New PLI Scheme to Boost Battery Manufacturing for Electric Vehicles

In a significant move to bolster electric vehicle (EV) adoption in India, the government is gearing up to introduce a new production-linked incentive (PLI)...

In Q2 FY23-24, Indian Auto Wholesale Sales Witnessed 1.04% Growth

The Indian automobile industry, as reported by the Society of Indian Automobile Manufacturers (SIAM), experienced a positive uptick in domestic sales during the second...

Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months

The Volkswagen Group has systematically continued its transformation in the first nine months of 2023. All-electric deliveries increased by 45 percent to 531,500 vehicles...

LMFP Batteries & Piyush Goyal’s Production Push for India’s Manufacturing Hub

Union Minister Piyush Goyal has called upon the country's industrialists to ramp up production activities, contributing to India's transformation into a global manufacturing hub....

International Tractors launches 5 new series, including e-model, for exports

International Tractors Limited (ITL) has launched three new series of Solis Tractors for the global market. This includes a new SV Solis Electric Tractor that can be...

The Shift Away from Diesel: Nitin Gadkari’s Call for Cleaner Auto Industry

In a significant move towards a cleaner and more sustainable automotive industry, Union Minister of Road Transport and Highways, Nitin Gadkari, has called upon...

Jupiter Wagons Showcases Cutting-Edge Mobility Solutions at IREE 2023

Jupiter Wagons Limited (JWL), a leading provider of comprehensive mobility solutions encompassing rail, road, and marine, recently showcased the company’s latest innovations at the...

Rosmerta to set up 10 vehicle scrappage units

Automobile technology and automation firm Rosmerta Technologies plans to invest Rs 200 crore to set up ten vehicle scrappage units over the next three years, according to a top...

Indian Oil Corporation to invest Rs. 1,660 cr in JV with NPTC

Indian Oil Corporation will invest INR 1,660.15 crore as equity in a newly set up joint venture with energy major NTPC Ltd for setting...

September 2023 auto retail sales up 20% YoY, growth strong: FADA

The Federation of Automobile Dealers Associations (FADA) has released vehicle retail data for September 2023. As per the FADA statement, MoM the industry enjoyed...