The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
The question is: Will the company have a strong balance sheet to support this massive investment plan?
Priced at Rs 7.99 lakh for the entry-level product, M&M has launched the diesel and CNG variants of Veero, and an electric version will come in the future.
The company will showcase the Ioniq electric vehicle at the Auto Expo that begins next week.
India on Monday announced the results for the country's first critical mineral auction. Amid the tepid response from big players, the list of successful bidders included some lesser known names. A total of five companies secured bids for six critical mineral blocks of graphite, manganese, phosphorite, lithium, and rare earth elements with auction premiums ranging from 13.05 per cent to 400 per cent.
Police in Nagpur, Maharashtra, have formed 18 special teams to track down and arrest those involved in the violence that erupted in the city on Monday. As of Thursday, 69 people have been arrested in connection with the riots, while 200 accused have been identified and another 1,000 suspects are being investigated based on CCTV footage. The violence, which was sparked by rumors about a religious artifact being burnt during protests, led to injuries to 33 police personnel and damage to property.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
You increase the production, only then it is possible to reduce cost, Gadkari said.
Volkswagen Passenger Cars is targeting a volume sales growth of about 15 per cent in the country in 2024, even as it expects the Indian passenger vehicle (PV) industry to grow by 5-7 per cent in the current year, its India brand director, Ashish Gupta, said on Thursday. This means the company is expecting to grow 2-3 times faster than the Indian PV industry in 2024. But globally, the German automaker is expecting just 3 per cent rise in sales this year, down from 12 per cent last year.
