French carmaker Citroen on Monday said it will supply 4,000 units of its electric vehicle e-C3 to BluSmart Mobility, over a period of 12 months. Citroen and BluSmart Mobility, a vertically integrated eMobility ride-hailing and EV charging service provider, have signed a memorandum of understanding for the same. As part of the initial phase, 125 […]
Author: Shivam
India’s New EV Policy To Help Launch Many Eco-Friendly Premium-Quality SUVs: VinFast Auto
Vietnam’s electric car maker VinFast Auto on Monday said India’s new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality SUVs at inclusive prices. The Indian government’s new […]
Statement From Mr. Vinod Aggarwal, President, SIAM And MD & CEO, VECV, On The New EV Passenger Vehicle Manufacturing Scheme
On the new EV Passenger Vehicle Manufacturing Scheme, Mr Vinod Aggarwal, President, SIAM said, “A holistic view has been taken by the Government of India in the best interests of the country. The Indian Automobile Industry and members of SIAM will adapt to this new policy and remain committed to bring new, innovative & aspirational […]
Asia Road Racing Championship: India’s Kavin Quintal Finishes Race 2 Of Round 1 In Top 15
India’s Kavin Quintal and Mohsin Paramban finished 13th and 16th respectively in race 2 to fetch valuable points for the team in round 1 of the Asia Road Racing Championship here on Monday. Quintal made a significant mark and finished race 2 of the Asia Production 250cc (AP250cc) class of ARRC in the top 15. […]
First-Ever On-Ground ABP LIVE Auto Awards Recognises Automotive Excellence
Hyundai Verna and Triumph Speed 400 Crowned Top Car and Bike at ABP LIVE Auto Awards 2023 ABP LIVE, India’s leading digital news platform, concluded its inaugural on-ground award ceremony, the ABP LIVE Auto Awards 2023, which was held in Gurgaon on March 15. The event marked a historic transition from virtual recognition to a […]
Govt Approves E-Vehicle Policy; Minimum Investment Fixed At USD 500 Mn
The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like US-based Tesla. According to an official statement, the companies setting up manufacturing facilities for […]
DICV Appoints Alexander Schoen As CFO
Daimler India Commercial Vehicles on Thursday named Alexander Schoen as the new Chief Financial Officer (CFO) effective March 1, 2024. Schoen will be responsible for steering the company’s financial strategies, enhancing operational efficiencies, and supporting the company’s growth objectives, Daimler India Commercial Vehicles (DICV) said in a statement. He will play a pivotal role in […]
Godrej Properties Buys 3-Acre Land In Hyderabad For Rs 1,300 Crore Housing Project
Realty firm Godrej Properties Ltd on Thursday said it has bought around 3-acre land in Hyderabad to develop a housing project with an estimated revenue potential of Rs 1,300 crore. Last month, Godrej Properties forayed into the Hyderabad property market by purchasing 12.5-acre land for Rs 350 crore to develop a housing project having Rs […]
Govt Announces Rs 500 Cr Scheme To Promote E-Mobility
The heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on […]
Tata Motors To Invest Rs 9,000 Cr In TN: Signs MOU With Govt
Tata Motors has signed a memorandum of understanding with Tamil Nadu government, committing an investment of Rs 9,000 crore to establish a manufacturing facility in the state, Industries Minister T R B Rajaa said on Wednesday. The proposed facility would generate 5,000 new jobs, he said in a social media post. However, he did not […]