VEHICLE OWNERS
£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.
Thief steals car with children in Delhi, demands Rs 50 lakh ransom, abandons vehicle after police chase
According to officials, the incident occurred at around 11.40 pm when a couple went to a confectionery shop on Laxmi Nagar Vikas Marg and left their two children in the car parked outside the shop. The couple left the vehicle running with the AC on for the kids while they went inside to buy sweets. During this time, a suspect opened the vehicle's door and drove away with the children inside.
Delhi govt might impound your vehicle parked in public spaces for this reason
Delhi govt empowers enforcement wings to impound overage vehicles found parked in public places, even with NOC, if not moved out of Delhi within one month.
BPCL retail outlets will act as EV hubs to purchase, test ride & experience electric scooters
BPCL has teamed up with Bounce Infinity, an Indian electric scooter manufacturer, to accelerate EV adoption in India by launching "eDrive stores" at BPCL retail outlets. These stores aim to make electric two-wheelers more accessible nationwide. Pardeep Goyal, BPCL's Business Head of Retail, highlighted the initiative's role in supporting sustainability goals and transforming fuel stations into versatile energy hubs.
The secret behind Chinese EV industry's rise: $231 billion in 15 years
China's EV industry received $231 billion in government subsidies and aid from 2009 to 2022. Support per vehicle decreased, with sales tax exemptions being over half the total. Research suggests EU and US tariff responses. EV quality is improving, challenging global automakers.
Canada prepares potential tariffs on Chinese EVs after US and EU moves
Canada prepares new tariffs on Chinese electric vehicles to align with US and EU actions. Pressure on Trudeau to follow Biden's lead. Concerns over China's overproduction of EVs. Ontario Premier calls for matching tariffs to protect Canadian jobs.
Hyundai’s IPO Is Poised to Boost Indian Automakers’ Valuations
Hyundai Motor India Ltd. plans a significant share sale, potentially valuing its Indian unit at $25 billion. Analysts believe this could elevate the nation's auto sector valuations further.
PUC Pollution certificate centres in Delhi may close next month as petrol pump owners threaten shutdown
Petrol pump owners in Delhi may close Pollution Under Control (PUC) centres from July 1 due to unchanged fees since 2011, causing financial strain. The Delhi Petrol Traders’ Association (DPDA) stated that escalating costs and unmet requests for fee revisions rendered operations unsustainable. With 650 centres across Delhi, the closure could impact 80 lakh vehicles, risking increased pollution and fines for non-compliance.
View: EV financing should be cheaper than ICE financing
The financial infrastructure for commercial vehicles is built around ICE vehicles, hindering EV adoption. EV financing faces challenges due to uncertain residual value, battery concerns, and higher interest rates. Small operators struggle with higher EMIs, but a new battery-as-a-service model could make EV financing cheaper and more flexible.
Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
Thieves targeting EV charging stations in cities like Seattle to steal copper wiring pose challenges for major automakers, charging companies, and EV owners. The thefts have led to increased security measures and collaboration with authorities to address the issue.
EV owners may soon sell battery power back to grids like rooftop solar scheme
With V2G technology, EV owners can charge their vehicles during off-peak hours and sell the stored power when their vehicle is not in use, earning incentives set by the Delhi Electricity Regulatory Commission. "This is pretty much like selling surplus rooftop power to the grid and earning incentives," said the official.
How to check car detail by number plate or RC number?
Checking vehicle owner details using a vehicle’s number plate is crucial in various situations, such as hit-and-run accidents or buying a second-hand vehicle. On the Parivahan website, you can easily access this information by entering the vehicle registration number. This service provides details about the owner, registration date, make and model, fuel type, road tax, insurance, and more.
KKR acquires Healthium from Apax Partners for Rs 7,000 cr
KKR acquired Healthium Medtech Ltd., a leading Indian medical devices company, from Apax Partners. The deal, valued at approximately Rs 7000 crore, involves a special purpose vehicle owned by KKR-managed funds gaining control of Healthium. Healthium, the fourth-largest surgical suture manufacturer globally, maintains a strong presence in India and abroad, with KKR aiming to leverage its expertise to further expand its reach
Car buyer to get Rs 14 lakh compensation as the car given for repairing was stolen from authorised service centre
Hyundai car gets stolen from service centre: A Hyundai Verna car was stolen from Kamal Auto Hyundai's (an authorised dealer) workshop. However what's more shocking is that the dealer hid this fact from the car buyer for almost two months. It was only when an FIR was lodged that Rajasthan Police found this out.
How fleet owners can overcome the dual challenge of EV financing and high cost of ownership
For commercial operators considering the switch to EVs, the total cost of ownership (TCO) is a crucial consideration. While EVs promise lower operational costs over their lifecycle, primarily due to savings on fuel and maintenance, the initial purchase price remains prohibitively high. The high cost is largely attributed to the expensive battery technology that powers these vehicles.
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
Toyota Innova's airbag failed to open in an accident, car owner to get Rs 32.07 lakh or a new vehicle, orders NCDRC
Toyota Innova car: Airbags are an important safety feature and protect the car's occupants in the event of an accident. However an Toyota Innova car's airbags did not open in an accident and this resulted in the occupants of the car suffering injuries. Read here to know more about the case and how Toyota was proved to have sold a defective Innova.
Good news for Bengaluru EV owners. Reliance BP to set up 225 public charging stations in city
Bengaluru will have 225 public charging stations set up by Reliance BP Mobility Limited. These stations will have both AC and DC chargers, with a total of 1,190 AC chargers. Karnataka leads in EV charging infrastructure in India, followed by Maharashtra and Delhi.
Warning for Bengaluru car and bike owners: Police starts seizing vehicles with large pending fines
Bengaluru south division traffic police have impounded 85 vehicles whose fines exceeded Rs 50,000. Owners must settle fines or seek reductions. In Jayanagar alone, police seized 26 vehicles.
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