Jaguar Land Rover will begin assembling premium cars at its new Tamil Nadu plant on February 9, marking a step towards full-scale luxury car manufacturing in India.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech.
Kerala leads with 1,147 active cases, and reconciliation of mortality figures is ongoing. Bihar is awaiting daily Covid-19 updates.
Skoda Auto Volkswagen India has filed a case against tax authorities over the Rs 11,000 crore (about USD 1.4 billion) show cause notice for alleged customs duty fraud related to the import of cars as completely knocked down units.
Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
Here is a list of items set to become cheaper and costlier.
Ahmedabad-based Zydus Lifesciences said on Tuesday that a new drug application for its oral drug Desidustat used in treating anaemia in chronic kidney disease (CKD) patients had been accepted by the National Medical Products Administration of China (NMPA). In 2020, CMS International Development and Management Ltd, a wholly-owned subsidiary of China Medical System Holdings Ltd obtained an exclusive license for the product from Zydus. CKD involves a gradual loss of functioning of kidneys and eventually leads to kidney failure.
'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
"At this point of time, our completely knocked down (CKD) operations are fully fulfilling the new regulations. We are paying 10 per cent duty... There will be no price hike," BMW India President Andreas Schaaf told reporters in New Delhi.
Indian motorcycle maker Royal Enfield on Tuesday announced starting a manufacturing unit and a showroom in Bangladesh, marking a major industrial development in the neighbouring country where the former prime minister Sheikh Hasina fled in August after weeks-long protests against her. The manufacturing facility in Chauddagram in Cumilla district is Royal Enfield's sixth outside India and besides the one in Tamil Nadu. Royal Enfield, the global leader in the mid-size motorcycle segment, has set up the facility in collaboration with IFAD Motors.
Audi India of German luxury carmaker, Audi, is planning to offer its new imported A4 model at the CKD (complete knock down) version price. The price difference between the existing A4 model, when the company started assembling in November last year, and the imported version was Rs 2.1 lakh.
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
The 62-year-old male passenger was suffering from CKD and tuberculosis and vomited blood on board, said Aejaz Shami, DGM, Branding and Communications of KIMS Hospital Nagpur.
koda Auto India is set to drive in a new car by the first half of next year to reach its target of 100,000 unit annual sales in the country by 2026. The compact sports utility vehicle (SUV) will be positioned against the likes of Maruti Brezza, Hyundai Venue, and Kia Sonet, and would be competitively priced, a senior company official said. koda will also export the car to right-hand-drive markets like Australia, New Zealand and the Asean nations.
The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of $500 million, a move aimed at attracting major global players like US-based Tesla. According to an official statement, the companies setting up manufacturing facilities for e-vehicles will be allowed to import a limited number of cars at lower customs duty. The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers, it added.
'Our objective is to reach a localisation rate of 50% in the span of five years.'
Senior Tesla executives including those from its supply chain are planning to come to India on Wednesday and Thursday for meetings with government officials, including those in the Prime Minister's Office, according to sources. Prashant R Menon, director of Tesla India, did not respond to a specific query on the meetings. Sources say that the executives are coming to see how they can expand and develop local sourcing of components from India for the Tesla car.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
'And a majority will be in the top-end vehicle range.'
His samples have been sent to Bangalore Medical College and Research Institute laboratory for confirmation and reports are awaited.
The first all electric Mercedes AMG launched in India
With Delhi witnessing an increase in swine flu cases, they have also advised people to follow the mask mandate and adhere to social distancing norms.
The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.
Recently, world headlines buzzed with Elon Musk's announcement that he was shelving his audacious bid for social media platform Twitter. Away from the media spotlight, questions are being asked about the maverick billionaire's plans in India, too. A few days ago, a Reuters report said Musk's flagship Tesla had put on hold its plan to launch electric cars in India.
In the late 1990s, Japanese electronics brand Aiwa tied up with a maverick entrepreneur, Kabir Mulchandani, to sell its consumer electronic products. Founder of Baron International, Mulchandani, all of 26 at that time, had already disrupted the television market through a tie-up with another Japanese player, Akai. With a strategy that relied on heavy discounts, exchange offers and freebies, Akai was selling in huge volumes.
The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industry to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday. The PLI scheme will incentivize the emergence of advanced automotive technologies' global supply chain in India.
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
In spite of straddling the market with multiple competitively priced models, GM was pushed to the fringes by the rivals from Japan and Korea.
Having established its presence in the country, luxury carmaker Lexus is now looking to chart its next phase of growth in India as it looks to consolidate sales network and drive in new models, including fully electric cars in the country, according to a top company official. The company, which is the luxury car arm of Japanese auto major Toyota, initiated operations in India in 2017 and currently sells seven models in the country, including the locally-produced ES 300h sedan. Known for its self charging hybrid cars, the company is now gearing up to drive in battery electric vehicles, besides ramping up its existing product portfolio in the market.
Europe's leading car maker, Groupe PSA, officially announced its re-entry in India this April with the Citroen brand. Citroen C5 Aircross SUV will challenge the likes of Mahindra XUV500, Tata Harrier, Hyundai Tuscon, Jeep Compass and the upcoming MG Hector. The C5 Aircross will be the first of several differentiated products from the company's vehicle manufacturing unit in Tiruvallur, Tamil Nadu.
The company will showcase the Ioniq electric vehicle at the Auto Expo that begins next week.
Triumph has launched the Daytona 675 R in India which is priced at Rs 11.4 lakh
The legendary motorcycle manufacturer has launched the Fat Bob for a cool Rs 12.8 lakh.
Though the two cars were competitive, the lack of a badge led to their dwindling sales.
Yamaha might launch the R25 in India as a CKD product, resulting in a price tag of Rs 3 lakh, says Faisal Ali Khan of MotorBeam.com.
A vast leap over the Ninja 250R, the Kawasaki Ninja 300 is powered by a 296cc, parallel-twin engine and will come in two colours -- green and white
CBEC alleges that the company imported semi-knocked down cars but paid duty for completely-knocked down car units.
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
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