Auto Industry

Reuters

Dec 22, 2022, 2:43 PM

India Govt Steps Up Audit Of EV Firms Taking Subsidies - Report

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.

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  car&bike Team | Dec 22, 2022

  Delta 4x4 Develops An Off-Road Specific Tesla Model Y

  The Delta 4x4 designed Tesla Model Y has received off-road specific modifications.

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  Seshan Vijayraghvan | Dec 21, 2022

  India’s EV Sales In FY2023 Reaches 4,42,901 Units; Over 9X Growth Compared To FY2021

  The Indian auto industry sold 48,179 EVs in Financial Year 2020-21, which increased 5-folds in FY 2021-22 to 2,37,811 units. In comparison, just the year-to-date (YTD) sale of electric vehicles in FY 2022-23 stands at 4,42,901 units, witnessing over 9x growth as against FY2021.

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  car&bike Team | Dec 21, 2022

  Auto Component Sector Records 34.8 Per Cent Sales Growth In H1 FY2023: ACMA

  The total sales of the auto component industry stood at Rs. 2.65 lakh crore or USD 33.8 billion in the April - September 2022 period, recording a growth of 34.8 per cent over the corresponding period last year.

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  Seshan Vijayraghvan | Dec 21, 2022

  Piero Ferrari Sets Up Succession Plan With Trust Fund For His Stake In The Supercar Firm

  Piero Ferrari has decided to set up a family trust this month which will oversee the roughly 10 per cent stake he inherited from his father, Enzo Ferrari, the founder of the supercar marque. He is the second-largest shareholder in the company.

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  Seshan Vijayraghvan | Dec 21, 2022

  Tata Still On Track With Plan To Launch 10 EVs In 5 Years; Will Launch Up To 2 EVs Every Year

  Speaking with car&bike on the sidelines of the media drive for Tiago EV, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited said that the company is well on track to launch 10 electric vehicles over the next 5 years.

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  Reuters | Dec 21, 2022

  India Probes Possible Misappropriation Of Incentives By EV Makers

  India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.

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  car&bike Team | Dec 21, 2022

  Hyundai Ioniq 5 Unveiled In India; Bookings Open

  The Hyundai Ioniq 5 will be the second electric offering from Hyundai in India after the Kona electric and will be the first model to be introduced on the E-GMP Platform.

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  Reuters | Dec 21, 2022

  Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts

  EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.

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