Hyundai explores USD 3 bn IPO for India unit at up to USD 30 bn valuation, sources say

Hyundai Motor plans to take its Indian unit public to raise at least USD 3 billion in what would be the country's largest initial public offering, two sources said, as the South Korean company doubles its bet in the key growth market ahead of a widely expected entry from Tesla. Hyundai Motor India ...

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Govt to exclude 70 sizes, types of tyres from exemption list of mandatory quality control norms

NEW DELHI: As many as 70 types and sizes of tyres manufactured by more than one company will come under mandatory quality control norms from March next year, an official said. With the standards coming into force from March 2025, both industry and associations will have enough time to share the prod...

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Maruti Suzuki Fronx Turbo Velocity Edition introduced in India

Maruti Suzuki expands its Bronx lineup with the Maruti Suzuki Fronx Turbo Velocity Edition which features 16 exterior and interior accessories. The turbo-petrol unit is exclusive to this edition. It remains the only car in the range with a turbo petrol engine. Maruti Suzuki has introduced the Fronx...

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Opinion: How carbon credits can drive sustainability, accelerate EV adoption

The world faces horrific prospects for climate change, from melting glaciers in Antarctica to volcanic eruptions in Iceland, to recurring cloudbursts in India. Overcoming climate change and its devastating consequences requires the collective participation of countries and leaders. India is proacti...

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What to expect from the Tata Curvv 2024: Design, features and specifications

The upcoming Tata Curvv crossover, which was revealed as a concept at the Auto Expo 2023, will look a lot like the concept. Patent images confirm the final design and production is expected to begin in April. The electric version will make its debut, followed by its ICE counterparts. Tata Motors wi...

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EV makers may get boost with INR 2,671 crore allocation in interim budget 2024

EV makers are likely to agree with Finance Minister Nirmala Sitharaman to allocate an outlay of Rs 2,671 crore for faster adoption and manufacturing of electric (and hybrid) vehicles in India (FAME) for FY25. The additional outlay of the scheme in the interim budget is the first official indication...

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BPCL invests Rs 120 crore to install 1800 DC fast EV chargers

BPCL has placed an order for 1,800 DC EV chargers from Servotech Power Systems Ltd. With a project value of Rs 120 crore, Servotech will manufacture, supply, and install 1,800 EV chargers across the country at BPCL's petrol pumps in major cities by the end of the year 2024. As part of the BPCL E-...

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Budget 2024: Auto industry expects liberal support for green mobility drive

NEW DELHI: All eyes are on the Interim Budget 2024, which will be presented in Lok Sabha by Union Finance Minister Nirmala Sitharaman on February 1. Expectations are high for the new announcements and policy changes announced in previous Budgets. The Indian automobile industry wants to move faster t...

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Ford making a comeback: Is it for real?

Recently, a job advertisement about Ford India hiring for the position of Product Manager, EV Platform was doing the rounds on the inteet. But when the LinkedIn account from which the post was made was searched, it was found that the account was disabled. This comes as the company earlier this month...

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