Yearly Archives: 2023

FADA raises concern over sale of 2-Wheelers by unauthorised MBOs

The Federation of Automobile Dealers Associations (FADA), in collaboration with the Delhi & Mumbai State Transport Department, has expressed concerns over the illegal practices...

Renault’s upcoming models in India to have high local content

Renault's upcoming SUV models in India will have a very high local content and will be clearly differentiated with those of alliance partner Nissan...

Volkswagen expects 1 in 4 cars in India to be an electric by 2030

German auto giant Volkswagen expects one in every four cars to be sold in India to be an electric by the close of this...

Govt to give Rs. 500 cr to four e-scooter companies under FAME-II scheme

With electric two-wheeler manufacturers agreeing to refund consumers for chargers, the government has decided to release over Rs 500 crore of subsidy under FAME...

Stellantis appoints Aditya Jairaj as Deputy Managing Director

The Stellantis Group continues to strengthen its India operations with the appointment of Aditya Jairaj as the Deputy Managing Director of Stellantis India, effective...

Joy E-bike inaugurates distributor showroom in Jaipur

Wardwizard Innovations and Mobility Ltd., one of India’s leading manufacturers of electric two-wheelers under the brand 'Joy e-bike', is continuing its aggressive network expansion...

ACME, IGL sign MoU to explore business avenues in Green Hydrogen

ACME Group, a diversified green energy firm, and Indraprastha Gas Ltd (IGL) recently signed a memorandum of understanding (MoU) to jointly explore the potential...

Suzuki opens exclusive Bike Zone in Mumbai, Ahmedabad

Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation (SMC) inaugurated its first exclusive motorcycle showroom in Mumbai and Ahmedabad. While...

OSM to raise USD 200 million to boost its EV & drones business

Omega Seiki Mobility (OSM) is in talks with private equity firms and banks for funds to expand its electric vehicles business and begin commercial...

CEAT reports 5-fold jump in Q4 profit

Shares of tyre manufacturer CEAT rose nearly 6% to Rs 1,748 in Friday's trade after the company reported an over five-fold rise in consolidated...
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