Feb
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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Jan
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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