Automobiles

India plans a Rs9,000-crore boost to EV battery production

18 Dec 2024

Amidst rising demand for lithium-ion batteries in the country, the Narendra Modi government is planning a Rs9,000-crore incentive scheme

Skoda-Volkswagen India faces Rs12,000-cr tax evasion charge

18 Dec 2024

Customs authorities in Maharashtra have slapped Skoda-Volkswagen India with a Rs12,000 crore charge for import duty evasion through falsification of import documents.

Nissan Motor India starts exports of new Magnite SUV to South Africa

By Venkatachari Jagannathan | 19 Nov 2024

Nissan Motor India Private Ltd on Tuesday said it has commenced exports of its sport utility vehicle (SUV) new Magnite in line with its announcement made while launching the model in October this year.

LPG as automobile fuel a solution for Delhi NCR air pollution: IAC

By Venkatachari Jagannathan | 11 Nov 2024

The Indian Auto LPG Coalition (IAC) has stressed that liquefied petroleum gas (LPG) as automobile fuel could be the cleaner and cheaper alternative solution for reducing the air pollution in the Delhi National Capital Region (NCR).

China calls off plan for €3.8 billion EV battery unit in Germany

07 Nov 2024

China has reacted sharply to European Union's decision to impose tariffs of up to 45 per cent on its electric vehicles by terminating all major projects in Germany and Italy.

Hyundai Motor IPO fails to attract small investor as subscription hits 237%

18 Oct 2024

Hyundai Motor India’s Rs27,870-crore initial public offer (IPO) of shares received overall subscription of 237 per cent of the offer size, as the mega issue closed for subscription on Thursday.

Hyundai Motor India fixes price band for its Rs27,870-cr IPO at Rs1,865-1,960 per share

09 Oct 2024

Hyundai Motor India has set a price band of Rs1,865-1,960 per share of Rs10 face value for its IPO, which is considered as India’s biggest, so far, by any company.

Tata Technologies and BMW Group launch 50:50 joint venture for autonomous car solutions

09 Oct 2024

Tata Technologies has pooled its product engineering and digital services capabilities with the automotive manufacturing strengths of Germany’s BMW Group

Honda overtakes Hero in two-wheeler sales in September

08 Oct 2024

Japanese auto major Honda managed to overtake former partner and arch rival Hero MotoCoro in monthly sales in September 2024 for the first time

Karnataka may exempt electric and hybrid vehicles from paying road tax

26 Sep 2024

The Karnataka government is reported to be planning to give exemption form road tax to electric and hybrid vehicles with a price tag of less than Rs25 lakh, as part of its efforts to develop a clean mobility

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