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Toyota accelerates electric ambitions in Europe with six new models by 2026

Toyota aims to sell more than 250,000 battery-powered vehicles annually in Europe by 2026, striving for significant growth in a market where it has faced increasing competition.Read more

Škoda Auto Volkswagen India unveils plans for EV, Market Penetration expansion

Company anticipates to elevate the capacity utilisation of its Aurangabad and Chakan plants to over 90%, a substantial increase from the current 70-75%.Read more

Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing

A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more

Amitabh Kant urges to scrap import duties for exported goods

Kant suggested that while import duties on products intended for domestic consumption, such as furniture and food items, could be increased, maintaining competitive pricing for exports is crucial.Read more

UK-India FTA talks centered on mid-range Electric Vehicles market access

The British government is determined to gain access to India’s mid-priced EV market, particularly in the $40,000-$60,000 (Rs 33.30-49.9 lakh) range.Read more

MG Partners with Shoonya for sustainable EV Future in India

Companies’ Zero Pollution Mobility campaign led by NITI Aayog, alongside prominent leaders from the electric mobility sector in India.Read more

Raymond expands engineering portfolio with MPPL stake acquisition for Rs 682 cr

MPPL operates in high-growth sectors such as Aerospace, Electric Vehicles (EV), and Defense. The acquisition will be executed through Ring Plus Aqua Limited (RPAL).Read more

Sajjan Jindal looking to get into Indian auto market, buys stake in MG Motor India

Industrial tycoon Sajjan Jindal is orchestrating the formation of a new company with this stake and subsequently taking over Ford's Chennai factory through this new entity.Read more

VinFast Auto explores Indian manufacturing, eyes entry into EV market

VinFast Auto proceeds with this investment plan, it would mark a significant milestone as the first Vietnamese automaker to establish a presence in India.Read more

Maruti Suzuki targets record exports and expands electric portfolio

Maruti Suzuki plans to gradually expand its range of vehicles running on alternative fuels. To achieve this, the company intends to incorporate hybrid or electric vehicles into its export offerings.Read more

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