Govt extends PLI scheme for automobile, auto components for 1 year
Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24.
Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24.
The data released by the Federation of Automobile Dealers' Associations (FADA) attributed the spike the sales to a positive market sentiment driven by favourable monsoon.
Ultraviolette Automotive Pvt Ltd on Tuesday expanded its ongoing Series D round led by Qualcomm Ventures and Lingotto. According to sources, the company raised $24 million in the expanded round, taking the total funding in Series D to $34 million to date.
Tata Motors has bagged an order for 1,000 buses from Haryana Roadways. As per the contract, the auto major will supply the 52-seater fully built BS6 diesel buses in a phased manner.
Tata Motors has announced that its revenue went up 29.7 per cent to Rs 79,600 crore in revenue for the quarter ended September 2022 over the previous year's figures. The company said its operating profits or earnings before interest, taxes, depreciation, and amortization was at 9.7 per cent, a jump of 130 basis points over last year's.
It is high time that we move away from the populist ideology of mandating regulations and safety devices like six airbags but bite the bitter pill of enforcement and penalties that may affect masses. Of course, harsh measures will face resistance and give discomfort initially, but eventually they will become a habit. There is nothing more important than human life. The medicine must attack the root cause. It is time to act now to address this vital problem.
SEV is an authorised distributor of EVs in Singapore, Malaysia, Thailand and Indonesia. It has 45 EV charging points at its Singapore headquarters in Ubi Avenue and a fleet of around 200 BYD e6 electric cars, most of which are leased out to drivers on ride-hailing platforms Gojek and Grab, with expectations of taking delivery of 300 more.
This newly launched XUV700 has created a great hype in the market, with more than 50,000 bookings in the first two days alone.
According to the company, the Mercedes - 'AMG E 53 4MATIC+' is priced at Rs 1.02 crore, while 'AMG E 63 S 4MATIC+' is priced at Rs 1.70 crore.
India has a disappointing health and safety record. Much legislation exists to protect workers' rights and health, but there is an opportunity to improve in line with the approach taken by developed countries and include process safety elements for the prevention of accidents.
