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India braces for EV surge with new model launches

Currently, EV adoption in India is around 2%, but the government aims for a 30% penetration in the passenger car segment by 2030.Read more

EV import scheme can affect Hyundai’s business

This policy will enable foreign OEMs to set up manufacturing bases in India, and also enter the domestic sales market, which will also intensify competition in the industry.Read more

BMW and German automakers express concerns over EV Policy favouring new entrants

The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hubRead more

Hanif Qureshi proposes scheme to boost EV adoption, manufacturing in India

On 13 March, 2024 Prime Minister Narendra Modi government unveiled the Electric Mobility promotion Scheme (EMPS) 2024, with a focus to encourage the purchase of electric two-wheelers (e2W) and three-wheelers (e3W) in the countryRead more

Indian auto industry is coming of age

Indian auto industry has come a long way; from the “permit” raj era to becoming the world's third largest automobile market today. R Jayaraman examines the key drivers behind this success.Read more

Hyundai Motor India expands production capacity with Talegaon plant acquisition

The signing of a Memorandum of Understanding (MoU) between Hyundai Motor India and the Government of Maharashtra marks a significant step in expanding the cumulative production capacity to 1 million annual units.Read more

Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth

This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more

TN secures $4.39 bn investments from Apple, Hyundai, and more

Key deals signed include a $1.4 billion investment by JSW Energy in renewable energy projects, a $1.5 billion investment by Tata Electronics in mobile phone assembly operations, and a nearly $125 million investment by Nike shoemaker Hong Fu.Read more

TN secures billion in investments sectors at Global Investors Meet

Agreements were signed, including a significant investment of Rs 16,000 crore from Vietnamese electric vehicle player VinFast, earmarked for establishing an EV manufacturing facility in the southern district of Thoothukudi.Read more

Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods

The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more

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