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Ola Electric's long-term loan tie-ups to cushion FAME II subsidy price hike

Ola Electric's long-term loan tie-ups to cushion FAME II subsidy price hike

autherAutocar Professional Bureau     calendar16 Jun 2023

The company plans to reduce the cost of loans further in competition with ICE vehicles and "a five-year tenure with a lower coupon will help to fasten the transition to ICE", company officials said.

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Companies stare at tough times ahead with the reduction in FAME incentives and a delay in implementation of PLI Scheme
Companies stare at tough times ahead with the reduction in FAME incentives and a delay in implementation of PLI Scheme

By Amit Vijay M calendar16 Jun 2023

The delay in implementation of subsidies under the Rs 25,938 crore PLI scheme is also making e-two-wheeler makers and ...

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Foxconn to provide two-wheeled EV manufacturing services in India
Foxconn to provide two-wheeled EV manufacturing services in India

autherAutocar Professional Bureau calendar16 Jun 2023

The company in its annual report, stated that India will also assist with the establishment of a production line this ...

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Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report
Japan to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report

autherAutocar Professional Bureau calendar16 Jun 2023

The investment is expected to garner annual production capacity in Japan to 45 gigawatt hours (GWh).

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Japan’s Musashi Seimitsu Industries announces E-mobility foray in India, to invest Rs 70 crore for EV venture
Japan’s Musashi Seimitsu Industries announces E-mobility foray in India, to invest Rs 70 crore for EV venture

autherAutocar Professional Bureau calendar16 Jun 2023

The company has announced expansion into E-mobility through a strategic collaboration with Bharat New-Energy Company M...

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Tata Motors optimistic about FY24 CV demand despite near-term challenges
Tata Motors optimistic about FY24 CV demand despite near-term challenges

By Shahkar Abidi calendar16 Jun 2023

In a presentation to investors, Tata Motors said it expects the government's continued emphasis on infrastructure deve...

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BorgWarner expects to complete spin-off of PHINIA by July 3, 2023
BorgWarner expects to complete spin-off of PHINIA by July 3, 2023

autherAutocar Professional Bureau calendar16 Jun 2023

In December 2022, BorgWarner announced its intent to spin off the Fuel Systems and Aftermarket segments (later named P...

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Ashwani Gupta to step down as Nissan COO
Ashwani Gupta to step down as Nissan COO

autherAutocar Professional Bureau calendar16 Jun 2023

Serving as Nissan’s Chief Operating Officer since December 2019, Gupta has been instrumental in the development and ex...

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JLR on track to turn fully electric, says Chandrasekaran
JLR on track to turn fully electric, says Chandrasekaran

autherAutocar Professional Bureau calendar15 Jun 2023

The transformation of Jaguar into an all‑electric luxury brand is on track with the first new vehicle to be revealed i...

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QUANTRON and Goldstone Technologies form JV ROQIT to develop digital transaction platform
QUANTRON and Goldstone Technologies form JV ROQIT to develop digital transaction platform

autherAutocar Professional Bureau calendar15 Jun 2023

The aim of the joint venture is to develop a digital transaction platform that will serve as the digital backbone of Q...

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

64.44%

No

 

35.56%

Total Votes : 765