Automobiles

The subsidiary company will engage in businesses related to green hydrogen, hydrogen blending, renewable energy solar, wind and hybrid etc., biofuels, biogas business and LNG.

Rolls Royce stepped into the luxury electric vehicle (EV) market in India by launching its current global flagship– Spectre. Priced at a whopping Rs 7.5 crore (ex-showroom), Rolls Royce claims that order books for Spectre are full till the…

This will add to the 11,680 Ashok Leyland buses with Karnataka State Transport

The Korean auto giant in the past few days has committed two fresh investments- Rs 6,180 crore in Tamil Nadu and Rs 7,000 crore in Maharashtra.

FASTag users must also comply with 'One Vehicle, One FASTag' and discard all the earlier issued FASTags through their respective banks

Two-wheeler exports slipped 20 per cent to 32,43,673 units last year from 40,53,254 units in 2022.

The demand from the industry comes amidst speculations that the Centre may extend the second phase of FAME scheme until the third phase (FAME III) is approved,

The new cluster e-buses will come with latest amenities.Officials said that the cluster buses will be integrated with the GPS.

On boosting EV manufacturing capacity, it said they are establishing a fourth production line in its wholly-owned subsidiary Suzuki Motor Gujarat (SMG) by investing Rs 3,200 crore.

The management, without confirming a Duster relaunch, said that they would launch a B+ SUV and a C SUV. The fifth launch will be an electric vehicle.

“The momentum generated in 2023 sets a solid foundation for a future where we will continue to lead the way in the commercial vehicle industry,” he said.

Bajaj Auto CEO Rajiv Bajaj had recently said that this buyback would be larger in size given higher cash on books. “We will close this year with Rs 20,000 crore cash.

Bajaj Auto shares on Wednesday hit an all-time high at Rs 7,059.75 on the BSE. The shares closed at Rs 6,989.40, up 5%.

This assumption by the Korean carmaker comes after SUV share in its total sales grew from 53% in 2022 to 60% in 2023.

Maruti Suzuki (MSIL) sold 17.08 lakh PVs (domestic) in 2023, up 8.5% YoY, while Hyundai’s annual domestic sales crossed 6 lakh mark, up 9% for the first time in 2023.

Suzuki Motorcycle India Pvt Ltd (SMIPL), a subsidiary of Suzuki Motor Corporation, had sold 63,912 vehicles in December, as per a company statement.

“We believe this collaboration will elevate our brand presence and create a profound connection with the energetic and forward-thinking audience we aim to reach.

According to Vahan data, total EV sales in the first eleven months of CY23 stood at 1,387,114 units, a jump of 50% year-on-year (YoY).

Gadkari said the government has also permitted retrofitting of existing polluting vehicles into hybrid and fully EVs.

Ashok Leyland will commence the delivery of these buses in April 2024 and expect to complete by July 2024.