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Latest Articles in auto makers
PLI Scheme Incentivizes Future Investments: Secretary, Heavy Industries
It would make India a top investment destination, said Arun Goel, Secretary, Ministry of Heavy Industries reacting to the Union Cabinet decision on Wednesday, (September 15, 2021) that cleared the Production Linked Incentive (PLI) scheme for the automobile sector aimed at augmenting India's capabilities in new technologies
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Passenger Vehicle Retail Sales Increase 39% In August: FADA
According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 1,82,651 units in August 2020.
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Tata Motors To Hike Passenger Vehicle Prices From May 8
The auto major noted that it would offer protection from the price increase to customers who have booked vehicles on or before May 7.
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Kia Unveils New Brand Identity In India; Aims To Lead Future Mobility Landscape
Kia India signed a memorandum of understanding with the Andhra Pradesh government to build a new manufacturing facility at Anantapur district.
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Extension Of FAME II Certification Validity To Help Bolster Industry Confidence: SIAM
SIAM noted that the scheme is largely on the right track and would result in desirable outcomes in the coming few years.
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Jaguar Land Rover To Cut 2,000 Jobs Globally
JLR, owned by India's Tata Motors, said earlier that its Land Rover brand will launch six fully electric models over the next five years, with the first in 2024.
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Tata Nexon EV Crosses 2,000 Sales Mark
The sales of the Nexon EV reached 2,200 units as of last month indicating the rapid demand for electric vehicles the personal car segment
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Volkswagen Welcomes German Government's Scheme To Support Low-Emission Cars
Germany on Tuesday earmarked fresh cash to help the industry, which is facing tough competition from Chinese and U.S. rivals in electric mobility, to overcome a collapse in demand caused by the coronavirus.
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GM Warns Labor Unrest Making South Korea Untenable
GM workers have been staging two, four-hour strikes daily since Oct. 30 as they demand an end to a wage freeze put in place after the 2018 deal that saved the Korean operations from bankruptcy.
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Nissan explores possible sale of 34% stake in Mitsubishi Motors - Bloomberg
Nissan, which is 43% owned by Renault, last week cut its operating loss forecast for the year to March by 28% to 340 billion yen (2.5 billion pounds), helped by a rebound in demand, especially in China.
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Gadkari Asks Automakers To Reduce EV Cost, Forgo Profit Initially To Capture Market
Reducing cost may result in some losses initially, but will bring great benefits. As a marketing strategy you have to reduce the cost to get numbers
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Indonesia Says In Early Talks With Tesla On Potential Investment
Indonesia is keen to develop a full supply chain for nickel at home, especially for extracting battery chemicals, making batteries and eventually building EVs.
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Maruti Suzuki Sees 31% Sales Growth In September
In the April-September (FY2020-21) period, Maruti Suzuki saw its total sales decline by 36.6 percent compared to April-September (FY2019-20) total sales figure. "Company’s sales performance in the first half has to be seen in conjunction with COVID-19 related disruptions," it said in a statement
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BMW To Pay $18 Million U.S. Fine To Resolve Inflated Sales Probe
Fiat Chrysler Automobiles NV and its U.S. unit agreed to pay $40 million for misleading investors about its monthly sales figures to resolve a separate SEC probe.
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Honda Cars Launches Virtual Showrooms To Enhance Ease Of Buying
The interactive showrooms can be easily accessed through computer and smartphone browsers where customers can intuitively browse and explore the design, features and technical details available for each mode
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