Auto Industry News

The company has cited continued rise in the cost of commodities & ocean freight costs as the reason that has necessitated this price increase of the vehicle.

Delhi's transport department has floated tenders for the construction of new automated test tracks at eight new locations across the city, The test tracks will come up at eight different educational institutions.

Tata Motors will increase prices of its entire commercial vehicle range from January 1, 2022. The company has said that the price hike will be in the range of 2.5 per cent, and the revised prices will come into effect across all segments, basis individual models and variants of the vehicle.

Under the Phase II of the FAME India scheme, the government has supported about 1.65 lakh electric vehicles, by way of Demand Incentive amounting to about Rs. 564.00 crore. The ministry says that it has also sanctioned 2,877 charging stations, amounting to Rs. 500 crore.

Sonalika has clocked highest ever November overall estimated market share of 16 per cent which a again of 1.4 per cent in its market share.

Ather Energy Co-founder & CEO Tarun Mehta used strong words on social media, in response to a query about his company's market valuation compared to Ola Electric.

In a series of tweets, Zoho CEO Sridhar Vembu praised the Mahindra Treo electric three-wheeler and suggested a few improvements to Anand Mahindra.

The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.