Page 17 - Auto
Mercedes-Benz slashes China EV prices by up to $33,000 as sales lag
The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies
 "Mercedes-Benz slashes China EV prices by up to $33,000 as sales lag")
Harley back in saddle: Rides with Hero for 'most affordable' bike
First co-developed model likely to go on sale by end of FY24
 "Harley back in saddle: Rides with Hero for 'most affordable' bike")
Top electric vehicle makers rev up projections, see higher sales
Manufacturers say 1.5 million two-wheelers could be sold in FY24
 "Top electric vehicle makers rev up projections, see higher sales")
India has potential to become world leader in EV production: Report
India has the potential to become the world leader in electric vehicles production, a research by Berkeley National Laboratory and UCLA said
 "India has potential to become world leader in EV production: Report")
Hero MotoCorp opens first VIDA experience centre; commences test rides
The country's largest two-wheeler maker said it has also commenced customer test-rides of the VIDA V1 electric scooter from Monday
 "Hero MotoCorp opens first VIDA experience centre; commences test rides")
What does it cost to build cars with good NCAP ratings?
The government is getting serious about car safety, as over one lakh fifty thousand people lose their lives on Indian roads every year. What does it cost to make a car with good NCAP ratings?
 "What does it cost to build cars with good NCAP ratings?")
Hyundai to introduce global battery electric platform in India with Ioniq 5
The automaker currently sells a single electric model -- Kona Electric in the domestic market
 "Hyundai to introduce global battery electric platform in India with Ioniq 5")
How the Indian EV scooter market saw consolidation?
The sales of electric two-wheelers saw an impressive 44% jump in October from the previous month. Latest sales data suggests that the Indian EV market is witnessing a consolidation now. Here's more
 "How the Indian EV scooter market saw consolidation?")
Retail sales of electric vehicles soar 185% to 111,971 units in Oct: FADA
The total passenger EV sales rose 178 per cent to 3,745 units in October 2022 as against 1,346 PEVs retailed in the same month a year ago
 "Retail sales of electric vehicles soar 185% to 111,971 units in Oct: FADA")
EV rates will come down once lithium batteries are made in India: Minister
Dhavalikar, after disbursing subsidy to owners of EVs here, said that a tender will be floated for the installation of charging stations within the next two weeks.
 "EV rates will come down once lithium batteries are made in India: Minister")
Auto sales up 48% in Oct; all vehicle segments gain in festive season: FADA
Two-wheeler segment up 51%; high demand continues for SUVs and premium cars
 "Auto sales up 48% in Oct; all vehicle segments gain in festive season: FADA")
Cost, loan, tax: What to consider before buying an electric car
EVs are expensive but economical on the long run; they are likely to become more popular as charging infra improves
 "Cost, loan, tax: What to consider before buying an electric car")
Maruti Suzuki may boost Manesar plant capacity by 100k units by April 2024
Maruti Suzuki India may increase its Manesar plant production capacity by 1 lakh units to cater to the enhanced demand before its Sonipat facility starts operations in 2025, a company official said
 "Maruti Suzuki may boost Manesar plant capacity by 100k units by April 2024")
Sona Comstar to invest up to Rs 1,000 cr by FY25 on scaling up capacity
Auto components maker Sona BLW Precision Forgings Ltd (Sona Comstar) plans to invest up to Rs 1,000 crore by FY25 to scale up capacity, majorly for EV business, according to Group CFO Rohit Nanda
 "Sona Comstar to invest up to Rs 1,000 cr by FY25 on scaling up capacity")
India's electric two-wheeler market may miss 1-million unit target
Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans
 "India's electric two-wheeler market may miss 1-million unit target")
Europe leans on Asian firms for 'homegrown' electric vehicle batteries
French battery startup Verkor, for example, announced on Wednesday that it had raised 250 million euros ($249 million) to fund a megafactory
EV start-up MoEVing raises $2.5 mn from JSW Ventures for e-mobility biz
Funding will also support firm's expansion across multiple cities in India and team building across functions; current round brings MoEVing's total funding to $10 million
 "EV start-up MoEVing raises $2.5 mn from JSW Ventures for e-mobility biz")
Switch Mobility aims to be in EV markets around the globe: CEO
Markets will come back after geopolitical turbulence and each company will have to make its own strategy, says Mahesh Babu
 "Switch Mobility aims to be in EV markets around the globe: CEO")
Tata Power and Indian Army to set up EV charging points in Delhi Cantt
Charging points for electric vehicles were inaugurated at Delhi Cantonment by Lt General Dhiraj Seth, general officer commanding of the area, on Wednesday.
 "Tata Power and Indian Army to set up EV charging points in Delhi Cantt")
Overall commercial-vehicle volume to touch 1 mn units by FY24: Fitch
The ratings agency said it believes growing loan disbursements by CV financiers will bolster sales over the medium-term
 "Overall commercial-vehicle volume to touch 1 mn units by FY24: Fitch")
