Indian Automobile Industry News & Updates - March 2024
TVS always for Sustainable & Safe Mobility Solutions
At TVS Motor, our vision is to transform the quality of life of people across the world by providing mobility solutions that are sustainable, safe, exciting, and responsible. We see EVs as a part of this roadmap. We will continue to anticipate customer needs and demand and our plans will be calibrated to serving our customers.
Ask automotive rejigs its senior management, appoints Vashisth Kumar Tripathi as VP- Engineering
New Delhi: Ask automotive, a leading advanced braking systems manufacturer for two wheelers and aluminum casting player, announced its management change on 29 March 2024 with its immediate effect.
How fleet owners can overcome the dual challenge of EV financing and high cost of ownership
One of the primary barriers to EV adoption in India is the limited availability of financing options. This challenge stems from the perception of high risk associated with the nascent EV market, leading to cautious lending policies by financial institutions. A report by the World Bank highlighted the apprehension among banks and non-banking financial companies (NBFCs) regarding EV technologies, their resale value, and the adequacy of the charging infrastructure. Consequently, the penetration rate of financing for EVs in India is significantly lower compared to that for traditional internal combustion engine vehicles, which typically sees over 75% of vehicles financed.
Hyundai aims to make the former GM-owned Talegaon plant to be among ‘world’s best’, adopts new steps to raise efficiency
The Chennai plant is currently operating at over 90% capacity utilisation, and in that light too the second plant becomes crucial for Hyundai’s sustainable growth strategy.
US probes complaints of Ford pickups downshifting without warning
The National Highway Traffic Safety Administration says in documents posted on its website Friday that it opened the investigation this week after receiving 86 consumer complaints about the problem with the trucks' automatic transmissions.
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
