Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report

NEW DELHI: India's automotive aftermarket, which was worth $10 billion in 2023, is expected to grow 1.4 times to reach an estimated $14 billion by 2028. ACMA, the apex body for the auto components industry has given this data from its Global Automotive Aftermarket Research Report, which was conducte...

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Opinion: How the Interim Budget 2024 can foster robust automotive landscape

NEW DELHI: Since it is a Lok Sabha election year, the Union Budget 2024 on February 1 will be provisional. The automotive industry expects the budget to adopt a growth-oriented strategy, prioritizing improving localization capabilities and stimulating the adoption of alteative fuel solutions. This i...

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Buying a car? Find out how much car loan to take using the 20/10/4 rule

Financial institutions typically offer car loans for up to 80% of the vehicle's on-road price, and some lenders offer 100% coverage. The loan-to-value (LTV) ratio determines the loan amount, and borrowers are responsible for the remaining cost. Buying a home stands out as a critical financial choic...

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What can the government in the Budget 2024 do to charge up India's EV sector

India's electric vehicle sector achieved a historic milestone in 2023, with sales crossing 1.5 million units and year-on-year growth of 50%. However, EV penetration remains low due to range conces, high prices, and inadequate charging infrastructure. Dr. Waman Parkey, Partner and Head of Automotive ...

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How Solid State Battery can open new avenues of power storage solutions

New Delhi: In an energy storage landscape that is constantly evolving and changing rapidly, the advent of solid-state batteries (SSBs) heralds a new era of possibilities, making them a major game changer. With increasing demand for improved performance and attempts to find safer energy storage solut...

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Tata to make EVs at Sanand Plant from April, may launch Tata Curvv EV, Tata Harrier EV later this year

Tata Motors plans to start production of electric vehicles at the Sanand plant in April, as it is acquiring the facility from Ford India. The company will start production of the Nexon EV and plans to introduce the Curvv EV and Harrier EV. Tata Motors aims to outperform the industry, targeting 5% gr...

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EV makers pitch for comprehensive, consistent policy to enable transition

Comprehensive policy on electric vehicle (EV) components, inclusion of commercial vehicles as incentives, clarity on goods and services tax (GST) on spare parts, and consistency on the policy front are the expectations of industry players from the upcoming interim Budget for switching from petrol/di...

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Delhi pollution: Stage-3 of GRAP revoked in NCR as air quality improves

The NCR and Adjoining Areas Air Quality Management Committee has canceled all GRAP Phase III measures, including restrictions on construction, demolition and movement of certain vehicles. However, the ban on the use of diesel generator sets for non-emergency work remains in effect. NEW DELHI: The C...

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How battery recycling can help EVs to be truly green

Electric vehicle batteries must be carefully managed after use to prevent them from harming the environment. The solution to this problem can be "battery recycling" and "battery reuse" if the battery cells are carefully processed. This opens a platform where automobile and electric vehicle manufactu...

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