Kia Sonet: ‘My Convenience Plus’ Package, ₹0/km Ownership!
Kia India is revamping the ownership experience for the popular Sonet SUV with the launch of its innovative My Convenience Plus Package. This program tackles a major pain point for car owners – unpredictable maintenance costs – by offering a bundled service that can significantly reduce ownership expenses. Kia claims the program can bring costs […]
Citroen: First MNC Exporting EVs from India
French carmaker Citroen has ignited a spark in the Indian electric vehicle (EV) industry, establishing itself as the first multinational company (MNC) to export EVs manufactured entirely in India. This groundbreaking move not only propels India’s “Make in India” initiative in the electric mobility sector but also positions Citroen as a frontrunner in the ever-evolving […]
Mercedes-Benz Surpasses BMW in Luxury EV Segment
The race for dominance in India’s luxury electric vehicle (LEV) segment has intensified, with Mercedes-Benz overtaking its longtime rival BMW in the first quarter of 2024. Industry reports from Autocar Professional reveal that Mercedes-Benz sold over 350 EVs between January and March, significantly surpassing BMW’s sales of 211 units . This achievement marks a pivotal […]
Maruti Suzuki Raises Swift, Grand Vitara Prices
In a move that might dampen consumer spirits, Maruti Suzuki, India’s car market leader, announced fresh price hikes for its popular Swift hatchback and select variants of the Grand Vitara SUV on April 10, 2024. This comes just three months after a company-wide price increase in January 2024, raising concerns about the affordability of these […]
EU-India Team Up: Advancing EV Battery Recycling
Europe and India are electrifying the future of electric vehicle battery recycling through a groundbreaking collaboration focused on empowering startups in the cleantech sector. This forward-thinking initiative is a direct result of the India-EU Trade and Technology Council (TTC), established in April 2022 to champion cooperation in green technologies. Matchmaking for a Sustainable Future: A […]
Hyundai, Kia Partner with Exide Energy for EV Batteries
South Korean auto giants Hyundai Motor Company and Kia Corporation are accelerating their electric vehicle (EV) ambitions in India. They recently signed a Memorandum of Understanding (MoU) with Exide Energy Solutions Ltd, a leading Indian battery manufacturer, to localize the production of Lithium-iron-phosphate (LFP) batteries specifically for their Indian EVs. This strategic move aligns perfectly […]
Maruti Suzuki Expands Manesar Plant by 1 Lakh Units
Maruti Suzuki, India’s undisputed leader in passenger vehicles, has announced a significant acceleration in its manufacturing capabilities. The company recently inaugurated a brand new assembly line at its Manesar facility in Haryana, resulting in a substantial production capacity increase of 1 lakh units per year. Reaching New Production Milestones This expansion propels the Manesar plant’s […]
Hero MotoCorp Receives Rs 605 Cr Tax Notice: I-T Dept
Two-wheeler giant Hero MotoCorp finds itself embroiled in a tax dispute with the Income Tax Department. On April 3, 2024, the company received assessment orders and demand notices totaling Rs 605 crore, including interest, for alleged tax discrepancies across six assessment years (AYs) between 2013-14 and 2019-20.expand_more Breaking Down the Tax Demand The Income Tax […]
Tata Tech-BMW Alliance: Auto Software Solutions
The Indian automotive industry is set to hit the fast lane of software development with a groundbreaking joint venture between Tata Technologies and the BMW Group. This strategic alliance, announced in 2023, will see the creation of automotive software and IT development hubs in Chennai, Pune, and Bengaluru, India. These hubs aim to become a […]
IndoEdge, MG Motor 8% Stake Deal Approved
The Indian electric vehicle (EV) market is experiencing a surge unlike anything seen before. With a Compound Annual Growth Rate (CAGR) of 30%, the market is forecast to reach a staggering valuation of $50 billion by 2030. To capitalize on this phenomenal growth, IndoEdge India Fund’s acquisition of an 8% stake in MG Motor India […]