The auto component industry, which has traditionally relied on engine parts for the bulk of its business, is ready for the electric shift
Revival in tractors, improvement in supply, and margin gains are other key triggers for the auto major
Mercedes Benz AG, Daimler Truck Holding AG, and BMW AG are among carmakers now getting enough of the high-tech components to produce at full capacity after experiencing crippling outages for months
TVS Motor Company aims to build a "sustained dominant play" in the electric vehicle segment by leveraging various government initiatives like production-linked incentive scheme, among others
Virtus bets big on price, local content and design
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Kia India on Thursday forayed into the electric vehicle segment in the country with the launch of EV6, priced at Rs 59.95 lakh (ex-showroom).
Regulatory support in terms of incentives for personal segment and standardisation of charging infrastructure can help in the faster adoption of electric vehicles in the country
The new product would offer excellent operational flexibility to customers to choose the option based on their load, best in class Total Cost of Operation benefits, the company claimed in a statement
Korean carmaker Hyundai that sells the Kona electric sedan, too, is looking to ride the EV wave
The premium EV model by Kia will be in the league of Volvo XC40 Recharge and Hyundai Ioniq 5, say reports
Domestic sales stood at 4,66,466 units last month. The company had dispatched 1,59,561 units in the domestic market in May 2021.
Prices of lithium, cobalt and nickel have soared in the past year, eating into EV makers' margins at a crucial point in the development of the burgeoning industry
Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions
TVS Motor Company on Wednesday reported total sales of 3,02,982 units in May
The country's largest carmaker Maruti Suzuki India (MSI) said its total wholesales in May stood at 1,61,413 units
Tata Motors said its total sales jumped nearly three folds in May to 76,210 units
Toyota Kirloskar Motor (TKM) reported an over 14-fold increase in total vehicle sales to 10,216 units in May, as compared to the same month last year
Skoda Auto India on Wednesday reported an over six-fold increase in sales at 4,604 units in May
MG Motor India on Wednesday reported a two-fold increase in its retail sales at 4,008 units in May