Auto Industry News

HumSafer app is building a community of professional drivers who will be rated for their driving skills and they can further use their ratings for seeking employment with their prospective employers.

Mahindra has launched the new Furio 7, a range of light commercial vehicle (LCV) trucks in India. The new LCV truck is offered across three product platforms: 4-Tyre Cargo, 6-Tyre Cargo HD and 6-Tyre Tipper and its priced from Rs 14.79 lakh.

The Government of India wants Elon Musk-led Tesla to manufacture its electric vehicles in India before considering any plea for tax benefits.

Chinese electric vehicle maker Xpeng Inc would consider acquiring less successful rivals to expand production capacity in the future, company President Brian Gu told reporters during a conference call.

Mahindra Finance has announced that it will enter vehicle leasing and subscription business under its new brand called 'Quiklyz'. The new brand will cater to both individual and corporate customers.

Come November 1, 2021, no physical documents will be needed for the hypothecation process, according to a Delhi government statement. The entire process will now be faceless, by using OTP based digital signature.

Royal Enfield Factory Test Rider, Paul Young claimed the chequered flag and the Championship Crown on the Royal Enfield Twins FT at Greenfield Dirt Track, UK.

The cabinet has finally approved a Production Linked Incentive (PLI) scheme of nearly Rs. 26,000 crore for the auto sector. The scheme is mainly to boost manufacturing of electric and fuel cell vehicles. While OEMs are welcoming the move, industry experts believe this might not be enough.