India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
To continue its dominance in the compact sedan segment, which consists hard-nuts like Tata Tigor, Hyundai Xcent and VW Ameo, the numero uno carmaker has fielded third generation Dzire.
From Alto to Audi, get car discounts of up to Rs 900,000
The business will also see a change of guard. Shailesh Chandra, president of EV and corporate strategy, will replace Mayank Pareek as president of PV business, including EV, with effect from April 1. Pareek will be superannuating from the company after a six-year stint at the end of February 2021. Chandra and Pareek will work on transition over the next few weeks.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
In the two wheeler segment, TVS Motor Company reported a 24 per cent increase in total sales at 304,795 units in April.
India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers
With the theme 'Smart Mobility, Smart Cities', the company's display at the Auto Expo is focusing on intelligently-connected cities designed to offer convenience, safety, security, and efficiency to its customers.
Unlikely to follow Pune model where a bifurcated package had a portion of pay linked to performance
Gujarat, Telangana to roll out policies to encourage manufacturing
In the first 4 months of CY17, Honda has sold 14% more units than Tata Motors
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
The Mumbai headquartered company also overtook Japanese carmaker Honda to occupy the fourth spot in domestic passenger vehicle market.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
It is learnt that Bhanot has been recommended by the Athletics Federation of India to contest the AAA elections to be held on June 1 prior to the Asian Athletics Championships at Wuhan in China from June 3 to 7.
The new obsession on cost control is powered by the company's 'GEAR' (Generate idea, evaluate, action and realise the idea) programme.
Maruti has plans to rev up sales of the Dzire, India's fourth most-sold car, by relaunching it.
At an expected price tag of Rs 600,000 to Rs 900,000, it does spell trouble for the contenders in the sub-4-metre SUV space.
Nexon is the first sub-4 metre sports utility vehicle from Tata Motors' stable and is expected to give a tough competition to the likes of Maruti's Vitara Brezza and Ford's EcoSport.
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