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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

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 their suppliers wary of the road ahead. Automakers are awaiting clarification from the government on the PLI incentive of ...

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Foxconn to provide two-wheeled EV manufacturing services in India News
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 News International
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 to give Toyota up to US$ 841 million in subsidies for domestic production of batteries in EVs: Report News International
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 News
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 News
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 News International
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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Bajaj Auto, TVS and Royal Enfield record robust sales in April-May, increase market share amid wave of demand for premium products Analysis Sales
Bajaj Auto, TVS and Royal Enfield record robust sales in April-May, increase market share amid wave of demand for premium products

By Ajit Dalvi calendar16 Jun 2023

With demand once again picking up for motorcycles and scooters along with green shoots of recovery from rural India, t...

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Ashwani Gupta to step down as Nissan COO News International
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 News
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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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

 

64.17%

No

 

35.83%

Total Votes : 681