Nikhil Nanda, Chairman and Managing Director of Escorts Group, told CNBC-TV18 that the company will launch between seven and ten new products every year across its three brands for the next four to five years, covering both domestic and international markets. He said, “The government is also giving very positive signals on the minimum support … Read more
India has amended the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, confirming a total outlay of ₹10,900 crore to boost electric vehicle (EV) adoption, manufacturing, and charging infrastructure. The Ministry of Heavy Industries launched PM E-DRIVE on October 1, 2024, replacing the Electric Mobility Promotion Scheme 2024 (EMPS-2024) that ran … Read more
Bajaj Auto’s Managing Director Rajiv Bajaj says exports have bounced back strongly and could soon hit their pre-COVID peak of 200,000 units per month. With markets like LATAM showing solid growth and only Nigeria remaining weak, he believes the company is well-positioned to regain lost ground globally. July export volumes stood at around 180,000 units, … Read more
Rajiv Bajaj, Managing Director of Bajaj Auto, revealed the company’s plans to expand its electric vehicle (EV) lineup and stated, “Bajaj Auto is working with Boxer Brand and the Pulsar Brand to develop a commuter electric motorcycle and a sports electric motorcycle.” Bajaj, in an exclusive interview with CNBC-TV18, said that while Bajaj Auto already … Read more
1 / 10 Nissan Introduces KURO Edition: Nissan Motor India has unveiled the New Magnite KURO Special Edition, priced from ₹8.30 lakhs (ex-showroom, Delhi). This variant features a striking all-black theme on both exterior and interior. Bookings are open at Nissan dealerships and online for a token amount of ₹11,000. The KURO edition targets buyers … Read more
Hyundai Motor India Ltd (HMIL) is evaluating the launch of Genesis, its global luxury brand, in the Indian market. The company disclosed this in its latest annual report as part of a broader strategy to expand its presence and offerings in India. “We are also strategically evaluating the introduction of Genesis, Hyundai’s global luxury marque, … Read more
The Indian government think tank NITI Aayog has laid out a strong policy direction to accelerate electric vehicle (EV) adoption, aiming to hit 30% penetration by 2030. The current rate stands at 7.6%, and according to Sudhendu Jyoti Sinha, Programme Director for E-Mobility at NITI Aayog, India needs to work with greater urgency and better … Read more
Hero MotoCorp has reportedly discontinued its most premium motorcycle, the Mavrick 440, less than 18 months after its launch in early 2024. The company has stopped production and dispatches, and several dealerships have halted bookings, signalling an end to the model’s run. Built on the same platform as the Harley-Davidson X440, the Mavrick 440 was … Read more
Tata Motors has announced the appointment of PB Balaji, its current Chief Financial Officer, as the next CEO of Jaguar Land Rover (JLR), effective November 2025. Balaji will succeed Adrian Mardell, who is retiring from JLR after three years with the company. “The Board of Directors of JLR at its meeting held today, i.e., on … Read more
Vietnamese electric vehicle maker VinFast is in talks with several component manufacturers as it looks to source more from India, the company’s Asia CEO said on Monday. The firm is in discussions with several of its current component suppliers, and some want to shift part of their production to the industrial park in India, VinFast … Read more