News

Exclusive-India`s JSW in talks with Chinese carmaker Leapmotor for Eelectric Vehical tech India's steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor's platform - the structural underpinnings of a car on which it is built - to manufacture EVs in India under its own brand name, the sources said, in the company's second attempt to enter the growing business. JSW is li...
Exclusive-India`s JSW in talks with Chinese carmaker Leapmotor for Eelectric Vehical tech
Exclusive-India`s JSW in talks with Chinese carmaker Leapmotor for Eelectric Vehical tech
Source: Reuters
31/08/2023 4:27:50 PM
If diesel cars go, what about EVs? On course, but in slow gear As India, which is the fourth largest car market globally, charts a new course for electric vehicles (EVs), the country still has EV penetration at only around 1 per cent (according to Moody's) - and that too dominated by electric two-wheelers. However, with the friendly government policies and new entrants arriving on the scene with cheaper EVs, the country is set to witness a plethora of options in the next 2-3 years. Industry experts expect that passenger car EV penetration will ...
If diesel cars go, what about EVs? On course, but in slow gear
If diesel cars go, what about EVs? On course, but in slow gear
Source: IANS
14/05/2023 2:18:54 PM
Much before talk of diesel car ban, sales down to 17.6% of total volume The news about an Indian government committee suggesting a ban on diesel cars from 2027 has sowed the seeds of uncertainty in the minds of diesel car buyers today, said top industry officials. Car buyers will think twice before writing out a cheque to buy a diesel car, they added. The government has suggested a ban on diesel-powered cars by 2027 in cities with a population of over a million people. "The impact on the diesel vehicle industry will be from now, and not from 2027,&q...
Much before talk of diesel car ban, sales down to 17.6% of total volume
Much before talk of diesel car ban, sales down to 17.6% of total volume
Source: IANS
14/05/2023 1:59:39 PM
China`s SAIC to dilute stake in MG Motor India, drive Electric Vehicle sales China's SAIC Motor plans to drop its ownership in MG Motor India to allow domestic entities to take a majority stake, the Indian electric vehicle maker said on Wednesday, as Chinese investments face increased scrutiny by the New Delhi government. MG also plans to invest more than 50 billion rupees ($611.4 million) to build a second plant in India amid a slew of other proposals, including exploring cell manufacturing, with the aim that at least 65% of its sales comprise of EVs from 2026...
China`s SAIC to dilute stake in MG Motor India, drive Electric Vehicle sales
China`s SAIC to dilute stake in MG Motor India, drive Electric Vehicle sales
Source: Reuters
10/05/2023 5:19:45 PM
MG Motor launches cheapest EV in India, starting at Rs 7.98 lakh British car manufacturer MG Motor India on Wednesday unveiled its smart electric vehicle -- Comet EV, at a starting price of Rs 7,98,000, which offers a certified battery range of around 230 km on a single charge. According to the company, the new Comet EV has been evaluated to provide an encouraging and economical charging cost of Rs 519 per month. The Comet EV is the second electric vehicle in MG Motor India's portfolio and comes with futuristic and user-friendly Smart technologie...
MG Motor launches cheapest EV in India, starting at Rs 7.98 lakh
MG Motor launches cheapest EV in India, starting at Rs 7.98 lakh
Source: IANS
26/04/2023 5:26:53 PM
Indian taxi startup BluSmart picks EV fight with Uber Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents. A clean energy push by Prime Minister Narendra Modi's government is expected to significantly change India's transport industry in years ahead, with major implications for ride-hailing firms. For dominant players Uber and SoftBank-backed Ola, a full s...
Indian taxi startup BluSmart picks EV fight with Uber
Indian taxi startup BluSmart picks EV fight with Uber
Source: Reuters
19/04/2023 10:23:19 AM
Top players showcase next gen EV models at Hyderabad E-Motor Show Top automotive players are showcasing their next gen electric vehicle models at the inaugural Hyderabad E-Motor Show, which began here on Wednesday. Leading automobile/component brands including Apollo, Mahindra, Amara Raja, Citroen, TVS, ETO Motors, Ola, MG Motor, Switch Mobility, Piaggio, BYD, Hyundai, and ZF among others are participating in the three day show at Hitex Exhibition Centre. Telangana Industries and Commerce Minister K.T. Rama Rao inaugurated the E-Motor Show organised a...
Top players showcase next gen EV models at Hyderabad E-Motor Show
Top players showcase next gen EV models at Hyderabad E-Motor Show
Source: IANS
9/02/2023 10:51:41 AM
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday The Auto Expo 2023, being held at the Expo Mart in Greater Noida, has created a buzz not only in NCR but across the country. In new age cars, exhibited at the expo, makers have taken full care of modern technology as well as safety. This year, a completely seperate pavilion has been set up for electric vehicles and vehicles running on natural fuel, which is attracting a huge crowd. More than 50,000 people visited the expo on Friday. It is being estimated that on Sunday, this number can ...
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday
Source: IANS
15/01/2023 12:34:36 PM
MG showcase hydrogen fuel-cell powered vehicle The British car manufacturer, MG Motor India on Thursday showcased MG Euniq 7, a new energy vehicle (NEV) with its third-generation hydrogen fuel cell technology. The Prome P390 fuel cell system built into the multi-purpose vehicle is claimed to have a range of up to 650 km. "As the industry continues exploring alternate fuel technologies, we are delighted to showcase the world's leading hydrogen fuel-cell technology - Prome P390 to India," said Rajeev Chaba, President and...
MG showcase hydrogen fuel-cell powered vehicle
MG showcase hydrogen fuel-cell powered vehicle
Source: IANS
12/01/2023 3:40:15 PM
MG Motor announces Next-Gen Hector MG Motor India on Wednesday announced the next generation Hector SUV, available in five, six, and seven-seater configurations along with safety features such as six airbags and a 360-degree HD camera at the Auto Expo 2023. The company said that the Next-Gen Hector has a host of exciting technologies and 11 Autonomous Level 2 (ADAS) features that offer hassle-free driving comfort with enhanced safety. "With its all-new striking bold exterior and evolved safety feature s, and elegant...
MG Motor announces Next-Gen Hector
MG Motor announces Next-Gen Hector
Source: IANS
11/01/2023 5:11:47 PM
MG Motor India expects electric vehicles to make up 25% of sales in 2023 NEW DELHI - MG Motor India, owned by China's SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country's biennial auto show on Wednesday. "At the end of this year, 25 to 30% of our sales will be all electric,” Managing Director Rajeev Chaba said, adding that it is evaluating the launch of the MG4 electric hatchback and eHS plug-in hybrid SUV in India, which were unveiled at the event. MG...
MG Motor India expects electric vehicles to make up 25% of sales in 2023
MG Motor India expects electric vehicles to make up 25% of sales in 2023
Source: Reuters
11/01/2023 10:28:38 AM
MG`s Metaverse platform`MGverse` goes live with Auto Expo 2023`s digital twin Committed to consistent innovation for new-age buyers, MG Motor India today announced that its MGverse, future-ready Metaverse Platform, wasnow live.From today, anyone can experience the magic of the MG Pavilion at the Auto Expo 2023 with friends and family from anywhere. MG has teamed up with Metadome to offer an enriching digital experience for remote visitors.  MGverse sets a new standard for accessibility and inclusivity and expands the brands vision of ‘Enabling Exciting Exper...
MG`s Metaverse platform`MGverse` goes live with Auto Expo 2023`s digital twin
MG`s Metaverse platform`MGverse` goes live with Auto Expo 2023`s digital twin
Source: PR Agency
10/01/2023 4:08:30 PM
Committed to transparency, cooperating with government authorities: MG Motor India MG Motor India on Tuesday said that it is a law-abiding, professionally-managed company that adheres to the highest standards of compliance and governance and is committed to transparency in the country, as reports surfaced that the government has launched a probe into Chinese SAIC-owned MG Motor's accounts amid scrutiny of Chinese companies. According to Bloomberg, "the probe against the local unit of the Chinese carmaker SAIC Motor has been initiated by India's Ministry of C...
Committed to transparency, cooperating with government authorities: MG Motor India
Committed to transparency, cooperating with government authorities: MG Motor India
Source: IANS
1/11/2022 5:10:14 PM
Indian car makers drove good sales in October With the festive season on, car makers, leading with Maruti Suzuki India Ltd, closed October with good sales numbers. However, the shortage of electronic components had put brakes on the overall sales. According to Maruti Suzuki, it had sold a total of 167,520 units (domestic 143,250 units, sales to other car makers 3,822, exports 20,448 units) in October 2022 up from 138,335 units (domestic 112,788 units, sales to other car maker 4,225 units, exports 21,322 units). Hyundai Motor Ind...
Indian car makers drove good sales in October
Indian car makers drove good sales in October
Source: ians
1/11/2022 5:00:03 PM
MG Motor says India sought clarifications on losses for first year in country MG Motor India, owned by China's SAIC Motor, said the Indian government sent a notice asking for the reason for the automaker's losses in 2019-2020, its first year of operations in the country, a move that Bloomberg reported was over alleged financial irregularities. India's Ministry of Corporate Affairs started the probe after an analysis of MG Motor India's statements indicated suspicious related-party transactions, alleged tax evasion, under- and over-invoicing of bills ...
MG Motor says India sought clarifications on losses for first year in country
MG Motor says India sought clarifications on losses for first year in country
Source: Reuters
1/11/2022 2:39:59 PM