India Extends Auto PLI Scheme Tenure, Offers More Flexibility India recently announced the extension of the Production-Linked Incentive (PLI) scheme for the automobile sector. This initiative aims to boost domestic manufacturing and promote electric mobility, aligning with the country’s vision for a sustainable and self-reliant automotive industry. The PLI scheme has been extended by a…
Government Initiatives to Boost Local EV Manufacturing The Indian government’s recent focus on bolstering the Electric Vehicle (EV) sector has garnered significant attention, particularly with initiatives aimed at augmenting local EV manufacturing. This strategic move holds profound implications, not only for the automotive industry but also for the economy and environmental sustainability. Why this News…
Bridgestone Partners with Tata Power to Install EV Chargers for Four-Wheelers Bridgestone, a leading global tire manufacturer, has recently joined hands with Tata Power to accelerate the adoption of electric vehicles (EVs) in India. This partnership aims to make EV charging infrastructure more accessible and convenient, a crucial development for those preparing for various government…
Audi Appointed Gernot Döllner as New CEO of the Board of Management Audi Appoints Gernot Döllner as New CEO Audi, the renowned German automobile manufacturer, has recently announced the appointment of Gernot Döllner as the new CEO of the Board of Management. This decision comes as part of Audi’s strategic plan to strengthen its leadership…
Tata Group Signs $1.6 Billion EV Battery Plant Deal in Gujarat Introduction: The Tata Group, one of India’s leading conglomerates, has made a significant stride in the electric vehicle (EV) industry by signing a monumental deal worth $1.6 billion for the establishment of an EV battery plant in Gujarat. This strategic move not only highlights…
Double-Decker Electric Bus Mumbai : India’s First AC Double-Decker Electric Bus Introduced in Mumbai India’s first AC double-decker electric bus was recently introduced in Mumbai by BEST (Brihanmumbai Electric Supply and Transport). The bus is a part of the Indian government’s initiative to promote the use of electric vehicles and reduce carbon emissions. The new…
Himachal Pradesh Green Energy Target to be First Green Energy State by 2025 Himachal Pradesh has set a target to become the first state in India to be completely powered by renewable energy by 2025. The state government has announced an investment of Rs 7,000 crore to achieve this goal. The state has been moving…
Indian Auto Market Surpasses Japan to Become 3rd Largest Auto Market Globally India has surpassed Japan to become the third-largest auto market globally, according to a recent report by JD Power. The report states that India’s auto market witnessed a 7.4% decline in 2020 due to the COVID-19 pandemic, with total sales amounting to 2.15…
