Launched in April 2019 with a plan to put at least 1 million high-speed electric two-wheelers on the road by March 2022, the actual cumulative sale since January 2019 has been only 52,959 with the scheme accounting for 31,813 units of these

Lack of semiconductor manufacturing is turning out to be the biggest hurdle in India's tryst with self-reliance in electronics. It requires 'out of the box' thinking by government and industry

The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019

The plan comes on the heels of online retailer Amazon India's move to deploy EVs for last-mile delivery. The company is reportedly in touch with Mahindra Electric and Kinetic Green for vehicle supplies

After the devastating effects of the COVID-19 pandemic, it is expected that the auto industry will see stronger growth in 2021-22, said Ashim Sharma, partner and group head at NRI Consulting & Solutions India

State PSU Gujarat Gas made the most out of pipeline network in its home state and rising demand from industrial consumers

The central government has been focusing on 'Make In India' initiative for the last five years but the COVID-19 pandemic outbreak witnessed the government leveraging this crisis as an opportunity for the country to becoming self-reliant

The South Korean carmaker aims to take on the likes of the Tata Altroz, the Maruti Suzuki Baleno and the Toyota Glanza in the domestic Indian market.

The CEEW-CEF study also estimates a cumulative investment need of over $180 billion (Rs 12,50,000 crore) in vehicle production and charging infrastructure until 2030 to meet India's EV ambition

OEMs currently have a capex of around Rs 25,000 - 30,000 crore per year in terms of enhancing their capacity for model launches and upgradation of existing models, according to BWA

Industrial output climbed 6.9% in October from a year earlier, data from the National Statistics Bureau showed on Monday, in line with September's gain

The number of cars sold via Nissan's websites in China, Europe and North America combined accounted for 11% of the company's overall sales in those markets in the first half of this year

Local manufacturers to crank up alloy wheel capacity to tap a thriving market; of the annual requirement of 26 million alloy wheels in India, almost 46 per cent was imported mostly from China in FY20 due to lack of domestic supply

India Stock Market News Updates Today: IndusInd Bank, M&M, TCS, Bajaj Finance, Bharti Airtel, Sun Pharma, Maruti, Tata Steel and Axis Bank were among the top gainers on Sensex pack. Kotak Bank wa the only loser.

Finance ministry sources said that the fact these auto companies have made huge payouts in the form of royalty to their parent companies located abroad is evidence enough that they have flourished in the same tax regime

Tata Motors share, which fell to a 52-week low of Rs 63.60 on March 24, touched Rs 152 intra day today doubling investor wealth during the period

Speaking at the annual session of the Auto Components Manufacturers Association of India (ACMA), Ayukawa said that he would make efforts to organise some business exploration meetings with manufacturers of Japan to push make in India

Speaking at the virtual 2020 SIAM Annual Convention, Union Minister Prakash Javadekar said that the Centre is looking at a constriction of (GST) rates by 10 per cent for vehicles across all categories

As of FY20, Maruti had 3,086 centres in its sales network, which consists of 2,390 Arena outlets, 375 Nexa outlets and 321 Commercial Vehicle outlets

The company has also contributed strongly in the utility vehicle segment with four products - new Creta, Venue, Tucson and Kona Electric - registering sale of 34, 212 units in April-July period