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Ola Electric cuts 500 jobs across verticals
Ola Electric is cutting 500 jobs across verticals and levels as part of a restructuring exercise, according to people aware of the development. The company, which has come under the scanner for its poor aftersales service recently, had started the job cut in the September quarter. "It has been going on for some time now, starting around July. It has been a gradual process of removing redundant roles across verticals and levels," said a source. The exercise is expected to be completed by the …
PTI
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Indian auto component industry turnover grows 9.8% in 2023-24; outlook positive: ACMA review
The turnover stood at Rs 6.14 lakh crore (USD 74.1 billion) during the year, said the ACMA, the bod…
ANI
Electric Mobility Promotion Scheme to support up to 3.72 lakh EVs: Govt
Electric Mobility Promotion Scheme (EMPS) - 2024 will provide further impetus to the green mobility…
PTI
TCS collaborates with Rolls-Royce for hydrogen research programme
TCS will supply engineering skills and support to Rolls-Royce to tackle three key challenges in ena…
ANI
Ashok Leyland bags single largest order of 2,104 fully built buses from Maharashtra government
With this substantial order, Ashok Leyland buses will now dominate the MSRTC fleet.
ANI
Automobile exports from India rise 15.5% in Q1
Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compare…
PTI
Auto sales see a positive trend in June, two-wheeler sales register 21% annual growth: SIAM data
The two wheeler sales in India in June registered a growth of 21.3 per cent year-on-year (Y-o-Y), h…
ANI
Passenger vehicle retail sales dip 7% in June as heatwave curtails showroom visits
"Despite improved product availability and substantial discounts aimed at stimulating demand, m…
PTI
Hero MotoCorp announces price hike for motorcycles and scooters from July 1
Hero MotoCorp, one of the leading two-wheeler manufacturers in the country, has announced a price i…
ANI
Hyundai to soon file draft IPO papers with Sebi to raise about Rs 25,000 crore: Sources
South Korean automaker Hyundai's Indian arm is likely to file preliminary papers with Sebi shortly …
PTI
Hyundai Motor India recalls 1,744 units of Ioniq 5
The company is recalling the units due to "potential issue in integrated charging control unit …
PTI
Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA
"Dealers cited the impact of elections, extreme heat and market liquidity issues as major facto…
PTI
Passenger vehicle exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70% of incremental shipments
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with …
PTI
Suzuki says will continue to expand SUV portfolio to recover mkt share in India
Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio…
PTI
TVS Motor shares climb over 6% after March quarter earnings
On the NSE, it climbed 6.32 per cent to Rs 2,123. TVS Motor Company on Wednesday said its ne…
PTI
Indian auto retail sector records 27% YoY growth in April: FADA
The Indian auto retail sector recorded a robust 27 per cent year-on-year (YoY) growth for April 202…
ANI
Maruti Suzuki Q4 net profit rises 47.8% to ₹3,877.8 crore
The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net …
PTI
Hyundai plans to scale up production capacity, introduce more EVs in India
Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify i…
PTI
Audi to hike vehicle prices by up to 2% from June
"Rising input costs are compelling us to increase prices by up to 2 per cent effective June 1, …
PTI
Global NCAP accords low safety rating to Bolero Neo, Amaze
Vehicle safety group Global NCAP on Tuesday said it has given one star safety rating to Mahindra Bo…
PTI
Reliance, JSW Neo Energy and 5 others bid for govt incentives to set up battery manufacturing units
The bids for manufacturing facilities with a cumulative capacity of 70 GWh came in response to …
PTI
Hyundai retakes the second spot from Tata Motors, records its highest-ever sales
Hyundai lost the second position to Indian automaker Tata Motors in February 2024 after it sold aro…
Gadkari vows to eliminate petrol, diesel vehicles in India, bats for lower tax for hybrid cars
"It is difficult but not impossible. This is my vision," Gadkari said in an interview to PTI. …
PTI
Kia India looks to expand sales, service network to 700 touchpoints by year-end
Kia India on Friday said it is planning to have around 700 sales and service touchpoints in 300 cit…
PTI
Toyota Kirloskar Motor to hike prices on select vehicles from April 1
"With an anticipated 1 per cent increase, the move is attributed to escalating input costs and …
PTI
Tata Power deploys EV charging points on key routes to Ayodhya
Tata Power on Saturday said it has collaborated with the Ayodhya Development Authority (ADA) to dep…