Hero MotoCorp, the country's largest two-wheeler maker, believes the focus on capital expenditure, agri-credit, infra-development credit, and lower tax slabs will result in higher disposable income in the hands of consumers and boost the growth of the auto sector, Munjal said.
Although Western sanctions could force Russia to cut crude production and refining runs, which would further tighten global supplies, some analysts said the ban on products may ultimately have little impact on overall availability.
Yuma has established a network of more than 85 Yuma Stations across Bengaluru, Mumbai and Delhi, and plans to scale to over 500 stations across many cities by the end of 2023, the company said.
The industry has long been advocating harnessing Ladakh's higher solar potential, and allocating capital to create evacuation infrastructure to boost the industry.
One of its goals is to conduct a comprehensive analysis of India's semiconductor ecosystem and determine its level of readiness. This will help identify areas for improvement and create a roadmap for the development of a robust semiconductor industry in India.
India, one of the world's biggest greenhouse gas emitters, recently announced a 197 billion rupee green hydrogen programme to cut the country's carbon intensity and reduce dependence on fossil fuels.
The import duty on finished steel products was slashed to 7.5% in the budget for 2021-22. The Indian Steel Association (ISA), a lobby for domestic steelmakers, has written to the finance minister, requesting to restore the duty to 12.5% for flat steel products and increase it to 10% for long products.
After scrapping the seven-month-old process to offload the 400,000 tons-a-year Sterlite Copper plant, the company will now work with the local population to restart the factory that was shut on environmental concerns. The refined metal is poised to play an important role in the nation’s shift toward electric vehicles and renewables and has lured interest from billionaire Gautam Adani’s group
Currently, 17 models are produced and sold in India, and Maruti Suzuki is strengthening its portfolio in the recently growing SUV models while also making efforts in popularising hybrid and CNG models, Suzuki Motor Corporation said in a statement.
The segment, which accounts for less than 1% of the broader passenger vehicle market in the country, ended last year with sales of an estimated 37,000-38,000 units. The best year for the segment was in 2018 when sales touched 40,863 units.
A team of engineers at IIT Madras and a startup have come together to build India’s first cargo hyperloop system. A test track for the full stack technology is being planned to be operational by June.
In India, until very recently, AVGAS 100 LL fuel primarily used by Flying Training Organisations (FTOs) and Defence forces was imported at a huge cost from European countries for decades.
The latest editorial of the party mouthpiece "People's Democracy" said the budget for 2023-24 is to be presented before Parliament at a time when both Indian and world economies are facing a grim situation.
The anticipated rise in domestic demand for tyres will be driven by robust growth from OEMs (original equipment manufacturers), a moderate rise in replacement volumes and the lower prices of crude oil derivatives and natural rubber.
India, one of the world's fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption of EVs but sales are now picking up and investment in the production of new autos and energy infrastructure is accelerating.
“In India, we will introduce the SUV battery EV announced at the Auto Expo 2023 in FY2024, with 6 models to be launched by FY2030. To provide a full range of products and services, Suzuki will provide not only battery EVs but also carbon neutral internal combustion engine vehicles that use CNG, biogas, and ethanol mixed fuels,” said the company in a statement.
When we address the question of how hydrogen will be a ‘game-changer’, we really need to answer a set of questions. What is the current game? And what needs to change in that game? What are the key components or building blocks of hydrogen technology? Will this technology be safe? Will it be cost-effective especially for the Indian market? What could be the contours of the new game and what does it mean to us here in India or to the world?
"FAME (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles in India-II) subsidies have played a critical role in encouraging consumers to adopt EVs. It is essential that the subsidy allocation to OEMs (original equipment manufacturers) continues, till the market reaches an EV penetration of 8-10 per cent," said Sanjay Behl, CEO and Executive Director of Greaves Electric Mobility Private Limited (GEMPL).
India's Road Transport and Highway Minister, Nitin Gadkari, in particular, has advocated for the adoption of green hydrogen technology.
The GT4 RS, the top model in the 718 lineup, is exclusively offered in the coupe body style. The base models of the 718 range in India are the Cayman and Boxster, with the GTS versions of both coming later. The performance-oriented Cayman GT4 and Boxster Spyder are positioned below GT4 RS.
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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