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Reduction of subsidy under FAME 2 Scheme could slow down pace of electric penetration in the 2W market in India in FY24: India Ratings and Research

Reduction of subsidy under FAME 2 Scheme could slow down pace of electric penetration in the 2W market in India in FY24: India Ratings and Research

autherAutocar Professional Bureau     calendar02 Jun 2023

With increasing interest rates, the overall cost of ownership is likely to increase further for an EV consumer. This could delay the pace of growth of EV penetration in India especially in the short term.

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Royal Enfield commences fifth international CKD assembly unit in Nepal News
Royal Enfield commences fifth international CKD assembly unit in Nepal

autherAutocar Professional Bureau calendar02 Jun 2023

Set up in collaboration with the Triveni Group, this announcement is a significant boost to the company’s business in ...

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Royal Enfield commences fifth international CKD assembly unit in Nepal News
Royal Enfield commences fifth international CKD assembly unit in Nepal

autherAutocar Professional Bureau calendar02 Jun 2023

Set up in collaboration with the Triveni Group, this announcement is a significant boost to the company’s business in ...

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Swaraj launches 'Target' range of light tractors aimed at the growing horticulture segment News
Swaraj launches 'Target' range of light tractors aimed at the growing horticulture segment

By Ketan Thakkar and Chandan Mallik calendar02 Jun 2023

The Swaraj Target 630 model will first be available through its extensive dealer network in Maharashtra and Karnataka,...

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Renault Nissan speeds towards 2045 carbon neutrality goal ahead of World Environment day News
Renault Nissan speeds towards 2045 carbon neutrality goal ahead of World Environment day

autherAutocar Professional Bureau calendar02 Jun 2023

The strategy adopted by the firm has already allowed the automaker to cut down the equivalent of 87,500 tons of CO2 em...

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Tata Motors launches upgraded Nexon EV MAX XZ+ LUX at Rs 18.79 lakh News
Tata Motors launches upgraded Nexon EV MAX XZ+ LUX at Rs 18.79 lakh

autherAutocar Professional Bureau calendar02 Jun 2023

With a current network of more than 270 dealers covering 188 cities, Tata Motors stands strong to further India’s ele...

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Tata Motors launches upgraded Nexon EV MAX XZ+ LUX at Rs 18.79 lakh News
Tata Motors launches upgraded Nexon EV MAX XZ+ LUX at Rs 18.79 lakh

autherAutocar Professional Bureau calendar02 Jun 2023

With a current network of more than 270 dealers covering 188 cities, Tata Motors stands strong to further India’s ele...

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Vitesco Technologies and onsemi sign US$ 1.9 billion agreement for for silicon carbide SiC technology capacity expansion News
Vitesco Technologies and onsemi sign US$ 1.9 billion agreement for for silicon carbide SiC technology capacity expansion

autherAutocar Professional Bureau calendar02 Jun 2023

SiC semiconductors are a pivotal technology for electrification enabling highly efficient power electronics leading to...

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VE Commercial Vehicles May sales rise 11.6% (YoY) to 6,289 units News
VE Commercial Vehicles May sales rise 11.6% (YoY) to 6,289 units

autherAutocar Professional Bureau calendar02 Jun 2023

Total exports saw a fall of 46.9%, at 250 units from 471 units in the year ago period.

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Hero MotoCorp domestic sales up 9% at 508,309 units News
Hero MotoCorp domestic sales up 9% at 508,309 units

autherAutocar Professional Bureau calendar02 Jun 2023

Hero MotoCorp's exports stood at 11,165 units last month as compared to 20,238 units in May 2022, down 45 percent. 

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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

 

64.12%

No

 

35.88%

Total Votes : 680