Commerce Minister Piyush Goyal encourages India's auto component industry to reduce import dependency by manufacturing machinery domestically and expanding electric vehicle component production.
Private insurers in India have witnessed a staggering 239% increase in commission payouts for motor insurance, which have surged to ₹16,578 crore. The significant rise underscores the growing motor insurance sector, driven by increasing vehicle ownership, premium rates, and intensified competition among insurers. Motor Insurance Sector Growth The rise in commission payouts
Hyundai Motor India has unveiled its plan to integrate made-in-India Absorbent Glass Mat (AGM) batteries into its domestic car models. This initiative underscores Hyundai’s commitment to promoting local manufacturing while enhancing the performance and sustainability of its vehicles in the Indian market. Supporting Local Manufacturing The AGM batteries, which will be
Mahindra Auto celebrated a record-breaking sales performance in October 2024, selling 54,504 SUVs, marking a 25% year-on-year (YoY) growth compared to the same month last year. With the onset of the festive season in October, from Navratri through Diwali, the automaker achieved unprecedented demand for its vehicles. Mahindra’s Strong Sales Surge October 2024 set a […]
Ola Electric Mobility shares took a sharp fall on Tuesday following a show cause notice issued by the Central Consumer Protection Authority (CCPA) over alleged violations of consumer rights, misleading advertisements, and unfair trade practices. The stock dropped 6.18% to a low of ₹85.21, marking a steep 46% decline from its recent peak of ₹157.53 […]
Tata Motors has expanded its popular Nexon lineup by launching two new variants – a CNG model starting at ₹8.99 lakh and an electric version priced from ₹13.99 lakh. The announcement was made on September 24, positioning the Nexon as the only vehicle in India available in four distinct powertrains: petrol, diesel, CNG, and electric. […]
