Seven companies, Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Lohia Auto, and AMO Mobility—were hit with recovery letters totaling INR 450 crore by the government for not adhering to the local sourcing rule stipulated by the FAME India programme to qualify for incentives
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The issue looks at how Amazon is building on its 10-year legacy in India to create solutions that impact its global growth and the larger ecommerce sector itself
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Shareholders will be voting on IOAC and Zoomcar Merger and the closing of the transaction, expected in the fourth quarter of 2023
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The Nissan Hyper Tourer will appear at the Japan Mobility Show starting October 25
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ReadyAssist will also offer exclusive annual maintenance services to Lectrix's B2B customers
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The recent routes launched include Bhopal-Sagar, Hyderabad-Eluru, Gurgaon-Agra, Delhi-Ludhiana, Delhi-Shimla and Chennai-Bengaluru
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The company is aiming that via this partnership, 90 per cent of raw materials from Race's used batteries can be recycled/refurbished
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Suresh comes with over 25 years of experience and has worked with auto brands like TVS Motors, Royal Enfield, Mahindra, Ather, and Ola Electric
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The Indian EV market was valued at $.3.21 billion in 2022, and is expected to grow to $113.99 billion by 2029 at a compound annual growth rate of 66.52 per cent
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The consolidated revenue for the company stood at Rs. 3,053 crore in Q2 FY23-24, registering growth of 4.0 per cent QoQ and 5.5 per cent YoY
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