Sweden-based Volvo said on Friday it made a first-half profit of 13.24 billion Swedish crowns ($1.52 billion), more than double its profit of 5.52 billion crowns in the corresponding period of 2019
The electric-car maker's pitch to lower duties is likely to face resistance from Prime Minister Narendra Modi's administration which has championed high import taxes for many industries in a bid to boost local manufacturing
Other luxury automakers in India have also lobbied the government in the past to lower taxes on imported cars but have had little success due to opposition from rivals with domestic operations.
Nexa has attracted first time buyers, which makes up to nearly 70 per cent of its total sales, the company, which has over 380 Nexa outlets spread across about 234 cities in the country
Taiwanese semiconductor companies have boosted production in China as blackouts and ongoing COVID-19 measures disrupted factory output and port operations
Bajaj Auto said that the name is being finalised and is subject to approval from the Ministry of Corporate Affairs
The carmaker will unveil three electric platforms - one to cover its range of passenger cars and SUVs, one for vans and one for high-performance vehicles - that will be launched in 2025.
Naveen Munjal said that only his family has the right to use the Hero brand for green vehicles, and any violation will “lead to legal action”
The company's total sales in the April-June period of this fiscal stood at 3,53,614 units. In fiscal 2020-21, it had sold a total of 14,57,861 units, down from 15,63,297 units sold in 2019-20
The automotive electronics sales are expected to triple during the period (from $6 billion in 2020), according to a report by Counterpoint
The first EV model of Maruti Suzuki is likely to be priced at $13,700 or less, after government subsidies are taken into account
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