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Bullish on India; luxury car penetration expected to remain low till tax rationalisation: Audi

Audi expects growth of the luxury car market in India to moderate to low double digits in 2024 …

PTI   


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Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies

The sales of electric two-wheelers have come crashing down just a month after recording the best-ev…

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India’s electric two-wheeler industry records highest-ever monthly sales as FAME subsidy ends

The Indian electric two-wheeler industry has reported its best-ever month in terms of sales in Marc…

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Ola Electric cuts prices of scooters to compete with ICE two-wheelers

Ola Electric has become the latest EV maker to announce a price cut for its electric vehicles. The …

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The EV scooter battle – Ather 450S vs Ola S1 X+ after the former slashes price

Ather Energy has announced a large price cut for its affordable electric scooter, the Ather 450S ju…

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Expect India to be third largest market among 118 countries: Mercedes-Benz

India is the fifth largest market in the region after Japan, South Korea, Australia and Turkey.…

PTI   


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Pure EV raises $8 million in latest funding round

The Hyderabad-based company said it is currently in the final stage of concluding its Series A1…

PTI   


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India to see investment of USD 67 billion in next 5-6 years in energy sector: PM

He invited global players to participate in India's energy sector growth, saying that the count…

PTI   


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BYD Seal electric sedan launched in India starting at ₹41 lakh

BYD India on Tuesday announced the launch of the BYD Seal, the company’s third electric car and its…

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Ola Electric raises Rs 3,200 cr to fund EV business

The Bengaluru-based firm aims to accelerate its growth by ramping up its two-wheeler manufact…

PTI   


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Electric two-wheeler sales rise in Nov as Ola Electric scales a new high

Electric two-wheeler sales in India have continued to improve, recording a new high since the reduc…

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Retail auto sales grow by 13% in February, but elevated inventory levels a concern

The Indian auto industry reported a 13% growth in sales in February 2024, with all the segments rep…

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Indian Oil set to produce fuel for Formula 1 cars

Indian Oil Corporation (IOCL) will produce fuel for formula one cars, which is being produced at Od…

ANI   


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Layoffs begin at Ola, 200 employees to be impacted by restructuring exercise

Ride-hailing major Ola has started to lay off 200 employees from its Ola Cabs, Ola Electric and Ola…

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Ola group to invest ₹7,614 cr in TN for lithium ion cell, EV cars

Electric vehicle (EV) player Ola Electric Mobility Private Ltd. has signed a Memorandum of Understa…

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Europe shouldn't be afraid of Chinese electric cars, says Mercedes-Benz CEO

Ola Källenius rallied against protectionism in an interview with the Financial Times, arguing that …

George Glover   


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Ola Electric may finally introduce its first electric car on August 15

Ola Electric may finally introduce its first electric car in the country. The company’s CEO, Bhavis…

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Ola S1 electric scooter relaunched at an introductory price, electric car teased

As the nation celebrated 75th Independence Day, automaker Ola Electric made some major announcement…

Sourabh Jain   


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3 mins read

Maruti Suzuki to Hyundai – car makers offer huge year-end discounts to push sales

The year 2023 is about to end and car makers have started offering their annual year-end discounts …

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Laying off 200 engineers to 'centralise' operations, clarifies Ola

The company denied sacking 500 employees, adding that it is "centralising operations and is unde…