Automobile industry

TVS Motor Company To Make Rs 5,000 Crore Investment In Future Technologies. (Photo: TVS)The investment plan aligns with the automotive industry’s global trend towards adopting cleaner and connected technologies.To embrace cutting-edge technologies, TVS Motor Company recently made an announcement that it will be investing Rs 5,000 crore for the design, development and deployment of future technologies across its product range, according to the report by PTI.The Indian automaker, a prominent player in the two and…

Published By: Samreen PallLast Updated: January 11, 2024, 12:22 ISTElon Musk's Gujarat Summit Absence Sparks Speculation, State Eager for Tesla Investment.Gujarat govt denies Elon Musk's attendance at Global Summit but welcomes Tesla's potential investment in the state's thriving electric vehicle sector.Amid speculation that Elon Musk will visit Gujarat, a senior government official on Wednesday said the billionaire-founder of Tesla is not coming for the ongoing Vibrant Gujarat Global Summit, but they are welcome to…

Image Source : REUTERS / XIAOMI Xiaomi unveils its first electric cars: XiaomiSU7 and XiaomiSU7Max Xiaomi, the Chinese smartphone manufacturer, has made a big move into the car world by revealing its first electric vehicles (EVs). These cars called XiaomiSU7 and XiaomiSU7Max, showcase Xiaomi's expansion beyond smartphones into making cars. Performance…

Don’t try to start your vehicle if it was submerged in water. Or else you will not get any claim — insurance or warranty, is the advice that is largely now being heard.Vehicles getting submerged due to heavy rain or being washed away by flood waters seems to be becoming a regular feature in India.During the 2015 Chennai floods several cars and two-wheelers got submerged. Those who had a comprehensive insurance policy and didn’t start their vehicles before the engine was set right were able to get an insurance claim.Roopam…

Published By: Paras YadavLast Updated: July 05, 2023, 16:16 ISTImage used for Representation. (Photo: IANS)Union Minister Nitin Gadkari said, "We have decided that we will make this industry of Rs 15 lakh crore," he also added that industry will generate 10 Cr jobsThe government intends to double the turnover of the automobile industry to Rs 15 lakh crore from Rs 7.5 lakh crore at present, Union Minister for Road Transport and Highways Nitin Gadkari said on Tuesday.Speaking at a public meeting in Rajasthan’s Pratapgarh…

Published By: Paras YadavLast Updated: July 05, 2023, 12:09 ISTBYD Seal EV (Photo: IANS)The announcement comes on the back of a reported push from the government to incentivize BYD to build a new electric car hub after FordChinese automaker BYD on Tuesday said it will invest 3 billion reais in a new industrial complex in northeastern Brazil, as it aims to boost local production to offer more competitive prices.The complex, made up of three plants, will be built in the Camacari industrial park in the northeastern state of…

Published By: Paras YadavLast Updated: June 24, 2023, 08:00 IST2024 Honda HR-V (Photo: Honda)The recall covers certain Odyssey minivans manufactured between 2018 to 2023, as well as Pilot SUVs from 2019 to 2022 and Passport SUVs from 2019 to 2023Honda is recalling nearly 1.2 million vehicles in the U.S. because the rear view camera image may not appear on the dashboard screen.The recall covers certain Odyssey minivans from 2018 to 2023, as well as Pilot SUVs from 2019 to 2022 and Passport SUVs from 2019 to 2023.Also…

Published By: Paras YadavLast Updated: June 16, 2023, 12:46 ISTImage used for Representation. (Photo: IANS)Heavy Industries Minister Mahendra Nath Pandey said nation is dependent on other countries for components like sunroofs, automatic brakes, etcHeavy Industries Minister Mahendra Nath Pandey on Thursday said the introduction of the PLI (production-linked incentive) scheme will give a big boost to the manufacturing of auto components like sunroofs and automatic brakes.He added that the nation is dependent on other…

Published By: Paras YadavLast Updated: June 15, 2023, 12:28 ISTEverest Fleet (Photo: IANS)Mumbai-headquartered Everest fleet operates in the shared mobility space in the country and is an existing partner to Uber and OlaFleet management company Everest Fleet on Wednesday said it has closed a $20 million funding round led by Uber.Mumbai-headquartered Everest fleet operates in the shared mobility space in the country and is an existing partner to Uber and Ola.The company said that fresh funds will enable it to expand its…

Published By: Paras YadavLast Updated: June 03, 2023, 11:31 ISTImage used for Representation. (Photo: IANS)India was previously at fourth position in the world automobile market after Japan, America and China, but recently it surpassed Japan to occupy the third spotUnion Minister Nitin Gadkari on Friday expressed confidence that India will become the largest automobile market in the world in the next five years under the leadership of Prime Minister Narendra Modi.The Union minister for road transport and highways was…