The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Korea and Tesla Korea are subject to recall due to manufacturing defects.
New Delhi: The production linked incentive (PLI) scheme for automobile and auto component sectors has attracted investment proposals of Rs 74,850 crore for the next five years, 76.11 per cent higher than the planned target of Rs 42,500 crore, the government data showed on Tuesday. The proposed investment of Rs 45,016 crore is from approved […]
New Delhi: Reducing cost of electric vehicles (EV) as well as increase in subsidies along with the newer model are expected to increase electric two-wheeler’s (e-2W) penetration. In FY21, e-2Ws contributed less than one per cent of overall two-wheelers sales. The sub-segment is expected to contribute 7-10 per cent to the overall 2W sales by FY25. […]