ONE VEHICLE

Want continuity of policy supporting EVs for next 8-10 yrs: Mercedes-Benz India MD & CEO

Mercedes-Benz India's CEO Santosh Iyer emphasized the need for long-term policy continuity supporting electric mobility for 8-10 years to plan better for zero-emission vehicles. He highlighted the company's increased EV penetration and upcoming launches, urging clarity on GST benefits and infrastructure investments in the Union Budget for sustained growth and commitment to emissions-free mobility.

£315,000 Ferrari supercars growl a warning for EVs

Since going public in 2015, the Italian company has expanded both the volume and variety of cars it sells, while preserving exclusivity by raising prices, restricting who can order vehicles and resulting in long waiting lists. Around three-quarters of its cars are purchased by existing clients, while almost half the company’s vehicle sales are hybrids.

Seven dead, three injured as two vehicles collide on Samruddhi Expressway

An accident on the Mumbai-Nagpur Expressway led to casualties from Mumbai and Buldhana district. Victims were treated at hospitals, and the Samruddhi Highway's phase connecting Nagpur to Shirdi was inaugurated in December 2022.

Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors

Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable growth.

Waymo robotaxi service opens to all in San Francisco

The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride. Waymo One ride-hailing is now available in San Francisco, Los Angeles, and Phoenix, with plans to "ramp up" in Austin next.

Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets

Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.

Demerger to secure synergies across biz verticals, says Tata Motors Chairman N Chandrasekaran

Tata Motors is planning to demerge its existing automotive businesses into two listed entities, a move aimed at enhancing synergies across its Passenger Vehicles (PV) and Jaguar Land Rover (JLR) segments. This step is expected to boost collaborations in electric vehicles (EVs) and autonomous vehicles. Tata Motors Chairman N Chandrasekaran made this announcement at the company's 79th Annual General Meeting on Monday.

Carmakers take the multiple powertrain ride

Carmakers from industry leader Maruti Suzuki to Tata Motors, Toyota Motor, Honda and Citroen, a relatively newcomer in the Indian market, offer diverse options in powertrains, from petrol, diesel and CNG to flexible fuel, electric and hybrid.

Ferrari’s first Electric Vehicle to be launched. Why does it cost more than other e-vehicles?

Ferrari has announced its decision to manufacture e-vehicles. The company’s entry into this space comes at a time when consumers are moving away from purchasing e-vehicles in favor of hybrid vehicles.

Expired Delhi EV Policy yet to get extension

The Delhi Electric Vehicle (EV) Policy, which expired on December 31 last year, has not been extended as planned, leaving customers without government subsidies for new e-vehicle purchases. Initially set to be extended until June this year, the policy's extension was approved by the Delhi cabinet in March but delayed due to the Model Code of Conduct during the Lok Sabha polls. Officials are finalizing the new Electric Vehicle Policy 2.0, aiming to incentivize vehicle retrofitting, which is costly.

Indian automobile industry grows 19 pc to Rs 10.22 lakh cr in FY24: Report

In the two-wheeler segment, India witnessed 10 per cent increase in volume and 13 per cent in value. The three-wheeler segment grew by 16 per cent in volume and 24 per cent in value and the commercial vehicle segment rose by 3 per cent in volume and 7 per cent in value.

Tata Motors to raise commercial vehicle prices by up to 2% from July 1

Tata Motors announced through an exchange filing on Wednesday that it will implement a price hike of up to 2% on its commercial vehicles starting July 1, 2024. This adjustment is a response to rising commodity prices, intended to counter their impact.

Germany-based ZF group likely to sell upto 5% stake in ZF Commercial Vehicle for Rs 1,423 crore

According to the term sheet, the German firm is likely to sell at a floor price of Rs 14,980, a 13.3% discount to Tuesday’s closing price Rs 17,277.15. The deal is expected to fetch Rs 1,423 crore to the promoter . Citigroup is the banker to the deal.

Why India needs micro EVs ?

The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that fit that description? And those that are closest to the brief e.g. the MG Comet EV, are not exactly inexpensive.

Utpal Sheth on key megatrends that can shape India's future growth

“Even one megatrend will create multiple types of opportunities, multiple types of companies and business models that you will be able to participate in. I think the way the financial savings in the country will get channelised will be another megatrend,” says the CEO of Rare Enterprises.

Adani One superapp clocked gross sales of Rs 750 crore in FY24

According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the superapp grew to 30 million at the end of the financial year. The company aims to expand the superapp's customer base to 400 million by 2030. Adani group is also in discussions with Paytm for potentially acquiring a stake in the fintech firm.

Indian Army sets up one of world's highest tank repair facilities near China border

The Indian Army has established two of the world's highest tank repair facilities in Eastern Ladakh, near the China border, at altitudes over 14,500 feet. These facilities, located in Nyoma and the DBO Sector, support over 500 tanks and infantry combat vehicles deployed following the 2020 India-China standoff. These new Medium Maintenance (Reset) Facilities ensure the operational readiness of armoured vehicles in extreme conditions, with temperatures plummeting to minus 40 degrees. This strategic infrastructure enhances serviceability and mission reliability in the world's highest battlefield.

Switching to green careers: A quick guide to skills and strategies for a smooth transition

Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.

Billionaire Zoho CEO Sridhar Vembu, one of the richest Indians, now owns an electric three-wheeler

Zoho CEO Sridhar Vembu showcases his new electric three-wheeler, Montra, lauding its features and practicality. With a net worth of $3.75 billion, he prefers it for shorter trips over his Tata Nexon EV.

FASTag, NPS, credit card, debit card, insurance rule changes: Major money changes from April 1

Money rule changes in April: Let's see major financial changes and new norms that will come into effect from April 1, 2024. Changes include insurance rules, FASTag, NPS, credit cards, debit cards and more

One Vehicle, One FASTag implemented; 9 important things all FASTag users should know

FASTag KYC: "NHAI has taken this initiative after the recent reports of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC in violation of RBI’s mandate," stated a PIB release.

FASTag KYC: What is One Vehicle, One FASTag concept effective from April 1