JBM Auto on Tuesday said it has bagged an order for 1,390 electric buses along with the development of allied electric and civil infrastructure worth Rs 7,500 crore under the PM-eBus Sewa Scheme. The order will be completed within 12-18 months, JBM Auto Ltd said in a regulatory filing JBM Ecolife Mobility Pvt Ltd, a […]
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Local Production Of EVs A Work In Progress: Audi India Head By Munish Shekhavat
Luxury automaker Audi India is looking to commence local assembly of electric vehicles, a move which would help it roll out models at an affordable price helping expand its customer base in the country. The automaker currently imports its entire EV range comprising Q8 50 e-tron, Q8 55 e-tron, Q8 Sportback 50 e-tron, Q8 Sportback […]
SUN Mobility Partners With Revfin For EV Financing
Battery swapping solutions provider SUN Mobility has partnered with EV financing digital platform Revfin for financing solutions. Under the partnership, Revfin will offer innovative financing solutions for electric vehicles (EVs) that use SUN Mobility’s Battery-as-a-Service (BaaS) model, the companies said in a statement on Monday. Revfin will finance electric two-wheelers for fleet business and electric […]
Citroen To Supply 4,000 Units Of EV E-C3 To BluSmart Mobility In 12 Months
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 […]
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 […]