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Hero MotoCorp-backed Ather Energy on Monday said it has registered a 12-fold increase in sales in October riding on festive season demand. The company, which sells electric scooters 450X and 450 Plus, sold over 3,500 units last month. “The festive season has been very encouraging for us as Ather Energy recorded a 12 fold growth […]
Electric scooter rental startup Bounce is making investment of about USD 100 million (around Rs 742 crore) over the next 12 months across manufacturing of e-scooters and expanding the battery swapping infrastructure, its co-founder and CEO Vivekananda Hallekere said. Speaking to PTI, Hallekere said the company will unveil its first e-scooter towards the end of […]
Tesla CEO Elon Musk is asking on Twitter whether he should sell 10 per cent of his stock in the electric-vehicle company amid pressure in Washington to increase taxes on billionaires like him. Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hold goes up, even if […]
The country’s largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an ‘unprecedented’ high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company […]
Tata Motors-owned Jaguar Land Rover (JLR) expects the semiconductor shortage situation to gradually start recovering in the remaining part of the current financial year. The British multinational automotive company in the meantime will continue to take steps to contain the impact of the shortage on its operations across the globe. “Looking ahead, the supply shortage […]
Indian Oil Corp (IOC), the nation’s largest oil firm, will set up 10,000 charging stations for electric vehicles (EVs) in the next three years as it prepares for the energy transition leading to net-zero by 2070, its chairman Shrikant Madhav Vaidya said on Wednesday. Prime Minister Narendra Modi on Monday made a bold pledge to […]
Car market leader Maruti Suzuki India on Wednesday said it sold around 13,000 units on the day of Dhanteras, lower than last year hampered by supply constraints due to semiconductor shortage, although Tata Motors stated its deliveries grew 94 per cent. Automobile dealers’ body FADA on Tuesday termed the current festive season the worst in […]
Ashok Leyland, flagship company of the Hinduja Group and India’s leading commercial vehicle manufacturer, today delivered 10 nos. 12M Ultra Low Floor BS VI CNG buses to IndiGo (InterGlobe Aviation) for operation at New Delhi Airport. Being the largest supplier of specialized tarmac buses to IndiGo, these CNG tarmac coaches come equipped with iGen6 BS […]
Automobile dealers’ body FADA on Tuesday termed the current festive season as the worst in terms of business in a decade for its retail partners across the country. The industry body, which represents over 15,000 auto dealers that own over 26,500 outlets across the country, said the chip shortage situation has impacted offtake in the […]
MG Motor India on Tuesday said it has delivered over 500 units of its mid-sized SUV Astor to customers. The automaker has delivered the first batch of more than 500 vehicles to customers on the auspicious occasion of Dhanteras, MG Motor India said in a statement. This is particularly special considering acute shortage of chips, […]
