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TI Clean Mobility to launch new EVs despite financial losses
TICMPL reported a revenue of Rs 1.23 billion but incurred a substantial loss before tax amounting to Rs 980 million. Read more
Chinese auto manufacturer BYD to establish $1 bn manufacturing plant in India
Due to its Chinese connections, BYD is partnering with Hyderabad-based Megha Engineering and Infrastructures.Read more
Volvo: Despite fluctuations, EVs to be the future
In India, 27,300 electric cars were sold in the first quarter of 2024-25 with no year-on-year growth, while hybrid car sales increased by 38% to 22,300 units.Read more
Critical EV components to be localised by 2030
Achieving 100% localisation in India is not feasible due to the scarcity of certain rare earth materials, limited lithium-ion mining, and low levels of electronics manufacturing.Read more
India's 45% of EV sales from South India
The report also revealed that over 123,000 units of battery electric vehicles are likely to be sold in India by end of 2024.Read more
Temico Motor to make powertrains for Indian EV manufacturers
It is expected to start mass production after gaining certification from the Bureau of Indian Standards next month.Read more
EV demand increasing rapidly in Indian cities; BloombergNEF
In 2023, Rajasthan’s capital Jaipur accounted for more than 79% of all electric cars sold in the state’s five tier 2 cities that were analysed. Read more
Manufacturing Agenda for Modi 3.0
As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?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
Eicher rolls out 50,000th bus from Baggad plant
The 50,000th vehicle was an Eicher Skyline Pro E electric bus.Read more