The industry has been in the midst of a protracted slowdown as consumers at large, faced with rising unemployment and an unsure future, have stopped spending

The industry, this budget has sought measures such as reduction in GST rates on vehicles, incentive-based scrappage policy, increase in re-registration charges of vehicles and the abolition of duty on import of lithium-ion battery cells

The company would let go around 10 per cent of the total workforce of 3,700 white-collar employees in India as part of the company's strategy to transform amidst the downturn in the automotive sector, Bhattacharya says

There is lot of conversion happening from diesel to gasoline and to compressed natural gas but still for most of the long-haul applications, diesels are here to stay for a few years

As part of the partnership, Exicom will re-use electric vehicle batteries at the end of their lifecycle for a wide range of non-automotive applications like home inverters

Amara Raja's stock opened with a gain of 3.36% today and later jumped 11.58% to touch the intraday high of Rs 729.75 on the BSE

Finnish state-owned firm Fortum, one of the early movers in the EV charging infrastructure space, believes the key will be how quickly public charging infrastructure scales up in the country

Even though cost of electric cars remains high and the options limited, new age mobility firms and startups have already started to line up investments in this area

\"We should move towards alternative fuel... I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it. Petrol, diesel gaadi banane walo ka band bajaana hai,\" he had said in September 2017.

The onset of electric vehicles in India has opened up a billion-dollar industry in EV charging that is attracting companies from diverse sectors

Auto slowdown: Addressing the media in New Delhi, Sitharaman said that the government will make auto loans cheaper and the banks will launch repo rate or external benchmark linked loan products.

India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit.

The company said it suspects a quality issue in the part which may cause difficulty in the rotation of the front wheel and may further lead to wheel jam in extreme situation

Commenting on the earnings, Exide MD and CEO G Chatterjee said demand of automotive batteries remained under pressure, while growth in UPS, telecom and other infrastructure segments continued in the reporting quarter

The government says the industry is not doing enough, the industry says the government is being unrealistic. Electric mobility has pitted both against each other

Tata Steel and JSW have been fighting for the number one spot for years. Now, both are getting ready for the rough ride ahead.

CEOs are getting paid more than before. But is there a co-relation between pay and performance?

The report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver.