One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector.
The Thar.e's one-of-a-kind modular construction and adaptable components position it as a standout in the electric SUV field. This robust design philosophy aligns with the SUV’s timeless appeal and confident presence, suited for any terrain.The Thar.e is more than an electric evolution of the legendary off-roader; it's a daring, distinct design transformation that continues to embody the spirit of Mahindra’s authentic SUV, the company said.
The concept represents a well-considered approach to entering newer international markets while strengthening its presence in the existing ones with a range of world-class products, beginning with the Global Pik Up, the company said
With his leadership skills and expertise, along with a team of experienced professionals in the leasing industry, Amit aims to drive the growth of Gensol's EV leasing business.
The manufacture of motor vehicles and automotive parts fell by 6.5% on the previous month. Production in machinery and equipment fell by 3.4% and output in the construction sector decreased by 4.6% on the month. In the first quarter, production was 2.5% higher than in the last quarter of 2022, according to the statistics office.
Flourishing its popularity and demand in the market, the Bolero SUV, since its introduction in 2000, has sold over 14,00,000 units, the company said.
Set to return in 2024, ACMA Automechanika New Delhi will kick off on February1, 2024 bringing the latest aftermarket advancements in the auto components industry. The three-day event will witness the who’s who of the automotive industry converging at Pragati Maidan, New Delhi to take advantage of endless business opportunities presented, make connections, and build new relationships.
The World Solar Challenge 2023 will take place in October and will bring together teams from around the world, including from IIT Madras, Chennai, to compete in a challenge that spans over 3000 km across the heart of Australia, showcasing their engineering skills and commitment to sustainability.
Automakers including the top three, Maruti Suzuki, Hyundai Motor and Tata Motors said they expect an upswing in hiring across multiple functions including engineering, electric and electronics, product development, and operations management in the next few months amid sustained demand, pervasive technology applications, and progressive investments to accelerate capacity build-up.
According to a study conducted by the Council on Energy, Environment and Water (CEEW), Bengaluru South, with 17,063 newly registered EVs, grabbed the fourth spot and Electronic City RTO ranked fifth with 10,520 new EVs registered between April 2021 and September 2022.
Steelbird will market a new concept-driven product to its established OEM customer base, which will be manufactured by the Israeli major. The product (soon-to-be-launched under a new name) which combines filtration technology with freshness/ perfumery, is defined as ‘Auto Wellbeing System’, the company said.
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