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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
Tata Passenger Electric Mobility commences production at new facility in Gujarat
This event marks a significant milestone for the company and was celebrated with the roll-out of the first Tata branded car from this world class facility.Read more
Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai
The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more
Strong surge in Indian bus sales: Ashok Leyland, Tata Motors lead growth
From April to December 2023, Ashok Leyland reported a substantial 64% year-on-year surge in the sales of medium and heavy commercial vehicle buses, reaching a total of 11,216 units.Read more
Toshiba Transmission & Distribution receives Prestigious Star Performer Award from EEPC India
Toshiba Transmission & Distribution , a leader in India’s Transmission & Distribution equipment market, has been honoured with the Star Performer Award for the year 2019-20 by the Engineering Export Promotion Council of India.Read more
Honda explores $13.83 bn EV plant in Canada, eyes battery production
The Japanese automaker is exploring locations, including proximity to an existing automobile factory in Ontario.Read more
Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability
This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more
Global geared products market anticipates slowdown; India to prop up revenue
Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more
Tata Motors supplies 100 Starbus EVs for Bengaluru’s urban commuting
Bengaluru Metropolitan Transport Corporation (BMTC) inducts Tata Motors’ electric buses for comfortable, emission-free mass mobility.Read more
Tata Motors forecasts 30-40% growth in Indian EV Sales for 2024, unveils 3 New Models
Tata Motors is actively collaborating with CPOs to strategically place charging points along popular routes used by EV users.Read more