Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.
According to experts, fresh demand & healthy stocks at dealerships now driving up sales. This year, industry expects to sell over one million units — its highest in festival season.
Industry body Society of Indian Automobile Manufacturers says 'it sees no reason why' entry-level car segment — which has shrunk due to rising prices — will not see 'sudden' revival in demand.
The top-end vehicles segment of the German carmaker saw the highest growth of 69% in 2022 when the company sold over 3,500 cars priced above Rs 1 crore.
The auto industry expects 2023 to see sales grow by up to 7.5% for passenger vehicles over the levels seen in 2022, which itself was a record high for the segment.
What if there's an accident and there's no driver involved? Self-driving car safety standards are instituted in a patchwork fashion with little consensus.
Tamil Nadu govt is holding talks with the US automaker to explore if its factory there can be converted to a plant manufacturing and exporting electric vehicles, ET reported.
Bajaj was known not only for his boldness, but also his business acumen. His domestically manufactured Chetak Scooter became a household staple for the middle class in the 1970s.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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