As the policy focus of both the state and the Centre is largely shifting towards adopting greener technologies, car, and two-wheeler makers who already have manufacturing facilities in Gujarat are making big-ticket investments to ramp up their EV capabilities.
The Federation of Automobile Dealers' Association (FADA), which shared the data, attributed this growth to a good monsoon, the upcoming festive season and reopening of schools and colleges.
Automobile dealerships in Gujarat saw a slump in vehicles sales this June. According to data from the Union ministry of road transport and highways, car sales across the state remained stagnant, with a meagre 1.4% growth compared to the previous year.
The brand inaugurated two experience zones in Rajkot and one in Ahmedabad. The 3S facilities will cater to customer’s sales and after sales requirements, the company said.
About INR 10 lakh crore worth of investments are expected in the state in this sector.
Favourable policies, incentives, cost savings and abundant solar resources are the key forces enabling investment in this sector in Gujarat. The state is witnessing significant growth in solar energy use by industries such as textiles, chemicals and engineering.
Hitendra Nanavati, chairman of the FADA Gujarat chapter, said, "Gujarat showed an overall growth of 4% in April, against the same month last year. This is significant since many other states have shown a marginal de-growth. Thanks to the consistent positive sentiments prevailing across the state, overall vehicle sale remained upbeat here."
According to the official press release, the project will promote research on novel hydrogen technologies while building capacity and capability for its production, distribution, and use cases in a timely and cost-effective manner.
The project seeks to tap into demand seen emerging from ancillary units supplying to electric vehicle (EV) manufacturers. The Hong Kong Stock Exchange-listed company has acquired a 38-acre land parcel for its second investment in the state, the first being a 37-acre project in Jalisana.
The development comes after short-seller Hindenburg Research accused the conglomerate of fraud, triggering a rout in the group's shares and bonds wiping off over $140 billion from the market value of Gautam Adani's empire.
According to the data tabled in the Lok Sabha, Uttar Pradesh has the highest number of EVs (4.65 lakh) of all states and union territories, followed by Maharashtra (2.26 lakh) and Delhi (2.03 lakh). Sikkim, with 21 EVs, has the lowest number in the country. As of March 6, the total number of EVs in the country was 21.70 lakh.
Built with an investment of INR 2,024 crore, this inter-state transmission connects the 765/400 kV substation at Lakadia to Vadodara through a 335 km long 765 kV double-circuit transmission line. With 812 towers spanning seven districts in Gujarat, this power transmission corridor is also one of the largest transmission corridors built in India till date.
Union minister of road transport and highways, Nitin Gadkari, provided this information in a statement tabled in the Rajya Sabha. He was responding to a question from Rajya Sabha member Amee Yagnik.
US-based data storage device manufacturer, Micron Technology, is in advance-level discussions with the state government to invest Rs 75,000 crore ($10 billion) here, according to top state government sources. The official announcement is expected in a few weeks, sources said.
Addressing a plenary session on "Gujarat's G20 Connect" as part of the Business 20 India Inception Meeting on Monday, Rajput said as a driving force, Gujarat will make a significant contribution to India's economic development.
The Union Minister of Road Transport and Highways said the commissioning of the Nagpur-Mumbai Samruddhi Expressway will bring traffic pressure at Vadpe, where the Mumbai-Agra Highway and upcoming Mumbai-Delhi Expressway will converge.
After the Navratri-Dussehra season, the Diwali festivities have also spelled good news for automobile dealers. Estimates from the Federation of Automobile Dealers Associations (FADA), Gujarat, suggest that vehicle sales have grown by 25% during the festive season.
In 2019, the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) scheme for promotion of electric mobility in the country was approved. Through the scheme, it is planned to support 10 lakh e-two wheelers, 5 lakh e-three wheelers, 55,000 four-wheelers and 7,000 e-buses.
Earlier, Vedanta and Foxconn had said they will invest over Rs 1.54 lakh crore to set up a display fabrication and semiconductor manufacturing facility in Gujarat. The proposed facility will come up over the next two years in Prime Minister Narendra Modi's home state, according to the terms of the deal signed on Tuesday.
The Prime Minister said, "I wanted to create a mini-Japan in Gujarat, to some extent the Japanese have been provided experience back home. Now the state has many golf courses, Japanese restaurants and even locals have started learning Japanese. Even Japan has special love for Gujarat and as many as 125 Japanese companies are functioning in the state. It looks like mini-Japan."
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Jatin Ramnikbhai Rathod | Unlock to View | Unlock to View | Director | 27 Mar,2007 |
| Ramniklal Dayalji Rathod | Unlock to View | Unlock to View | Director | 25 Jan,1993 |
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:-
Unique Forge (gujarat) Pvt Ltd‘s balance sheet, profit & loss figures and Financial Ratios
Get plant information and details for Unique Forge (gujarat) Pvt Ltd
Know the direct, tier 1 and foreign suppliers for Unique Forge (gujarat) Pvt Ltd
Which business is the best revenue generator for Unique Forge (gujarat) Pvt Ltd
Unique Forge (gujarat) Pvt Ltd‘s subsidiaries, Joint Ventures, Associates & Signatories
