Auto Industry News

CEAT Tyres is targeting 500 exclusive stores by 2023, making it one of the largest tyre dealership networks in the country.

Sun Mobility, the energy infrastructure and electric vehicles (EVs) services provider has announced entering a new partnership with Zypp Electric, an EV logistics company. Under the new partnership, the two companies aim to deploy 10,000 electric vehicles pan India, across various platforms over the next few years, for last-mile delivery services.

The government's original plan was to give about Rs. 58,861 crore to automakers and part manufacturers to promote mainly petrol technology, with added benefits for EVs. The scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles.

Maruti Suzuki India produced 113,937 units in August 2021, registering a year-on-year (Y-o-Y) de-growth of 7.9 per cent as compared to 123,769 units produced in the same month last year.

Ford India's Managing Director, Anurag Mehrotra, and Director David Allen Schock have been recently granted pre-arrest bail by a Delhi court in connection with a cheating case filed by a car dealership owner.

Toyota said it aims to slash the cost of its batteries by 30 per cent or more by working on the materials used and the way the cells are structured.

The Federation of Automobile Dealers Associations (FADA) has released vehicle retail data for the month of August 2021.

The IAA Mobility show in Munich is the first major motor industry event worldwide since the global coronavirus pandemic.