India is set to revamp its electric vehicle incentive policy, expanding opportunities for automakers to invest in electric vehicle production. The new approach, expected to be finalized by March 2025, represents a significant shift in the country's strategy to promote EV manufacturing. Previously, the policy primarily incentivized automakers to build...
Ola plans to manufacture electric scooters in India
India’s largest taxi-business Ola is planning to projectile their business of vehicle manufacturing while keeping an eye on future prospects of electric vehicles. The company reportedly engaged the government from multiple states with a proposal to set up the world’s largest vehicle manufacturing facility. As per the latest reports, Ola is seeking to have 100...
Online Car Sales Take Off in India
Hyundai Motor India announced an overwhelming response for its comprehensive online car buying platform ‘Click To Buy’, since its launch in March 2020 according to Carwale. Hyundai revealed that the customer response on ‘Click To Buy’ highlights strong acceptance, and showcases the comfort of purchasing cars online. With ‘Click To Buy’,...
U.S. is the Third-Largest Market for India's Cars
With a share of 9.2 percent of the overall car exports from India, the U.S. became the third-biggest market for passenger vehicles (cars, utility vehicles, and vans) manufactured in India during the financial year that ended March 31, 2018. During this period, passenger car exports to the U.S. increased to...
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
Hyundai to Invest another $1 Billion in India
South Korea-based auto maker Hyundai plans to invest over $1 billion in India in the next three years. The company, which operates through its wholly-owned arm Hyundai Motors India Ltd, plans to launch an electric vehicle next year. Managing director and CEO Y. K. Koo said, "Our total investment till...