EV Safety Rules: Companies get more time to comply.
Medilytix Bureau : The government has given electric vehicle manufacturers more time to implement new safety standards, pushing back the deadline which was October 1. They can now incorporate the…
Tata Motors to launch electric variant of Tiago hatchback today
Medilytix Bureau : Indian multinational automotive manufacturing company Tata Motors is all set to release an EV variant of its popular hatchback Tata Tiago today, i.e., September 28. The launch…
Tata Motors comes up with a larger pickup to regain lost share.
Medilytix Bureau :Tata Motors, India’s largest commercial vehicle maker, has revamped its range of pickup trucks to capitalise on the growing trend of owners upgrading to higher tonnage vehicles and…
Railways will resume charging a busy season surcharge on October 1.
Medilytix Bureau : The Indian Railways is resuming the busy season surcharge after a three-year hiatus. A busy season surcharge of 15% will be applicable to all goods traffic from…
Akasa Air to start services to Guwahati and Agartala from Bengaluru
Medilytix Bureau :Newly-launched Akasa Air on Monday said it will commence its flight services to the northeast with the addition of Agartala (Tripura) and Guwahati (Assam) from October 21. As…
A billion dollar fund for 2/3-wheeler EV financing is on anvil.
Medilytix Bureau : The government, World Bank, and Small Industries Development Bank of India (SIDBI) are set to launch a $1 billion fund to provide guarantees against loan default to…
Tata Motors will continue to invest approximately Rs 2,000 crore per year in the commercial vehicle business.
Medilytix Bureau : Tata Motors plans to continue investing in the range of Rs 2,000 crore in its commercial vehicle business per annum going ahead in order to drive in…
Hindustan Motors expects to complete due diligence for the EV by mid-October.
Medilytix Bureau : A company official said on Monday that CK Birla-owned Hindustan Motors Ltd is expecting to complete due diligence for its proposed electric two-wheeler project with a foreign…
LML Electric intends to raise up to Rs 500 crore and will launch its first product in India in the second half of 2023.
Medilytix Bureau :LML Electric plans to raise up to Rs 500 crore to fund the setting up of its own manufacturing plant and scale up business, according to company MD…
Volvo plans to expand its certified used-car business pan-India by early 2024.
Medilytix Bureau : Swedish car maker Volvo plans to expand its certified used-car business pan-India by early 2024 and expects as much as one-third of its volumes to come from…