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The southern Indian state of Tamil Nadu will provide a subsidy of Rs. 20,000 gig workers will choose to buy electric scooters as more young people sign up for food and grocery delivery services on online platforms, a minister said on Friday. Gig workers, or people outside the traditional employer-employee relationship, will play a key…
Leading carmaker Maruti Suzuki India on Monday announced its third price hike this year – by up to 4 per cent effective from April – to offset rising input costs amid slowing sales. Price increases for vehicles will vary based on model starting next month, according to the company’s exchange filing. Maruti Suzuki India said:…
A division of Ola Electric Mobility. Two of India’s main vehicle registration service providers are facing bankruptcy filings over unpaid dues, adding to the electric car maker’s growing troubles. Rosmerta Digital Services. Rosmerta Safety Systems and Rosmerta Safety Systems, providers of vehicle registration services and high-security registration plates respectively, have filed for bankruptcy against minority-owned…
BYD has unveiled a new electric vehicle system that the Chinese automaker says can charge cars almost as quickly as refueling a regular car. BYD’s new battery and charging system was able to provide 470 kilometers (292 miles) of range in five minutes during tests on its new Han L sedan, BYD’s chairman and founder…
Hyundai Motor India Ltd (HMIL) on Wednesday said it will hike prices of its vehicles by up to 3% from April 2025, its second hike this year, due to rising input costs, higher commodity prices and higher operating expenses. Hyundai Motor India Ltd (HMIL) said in a statement that the price increase will vary depending…
India’s Ola Electric Mobility said on Friday the government has sought information from the electric two-wheeler maker about a mismatch between its vehicle sales and registrations in February, which was due to a “temporary” backlog in registrations. India’s Ministry of Heavy Industries and Road Transport has sent an email to Ola seeking information, the company…
With several carmakers preparing to hike prices due to rising costs, leading SUV maker Mahindra & Mahindra (M&M) on Friday announced a price hike of up to 3 per cent for its sports utility vehicle (SUV) and commercial vehicle (CV) range. The new prices will take effect from April 2025. The company attributed the price…
Ola Electric Mobility on Tuesday said its subsidiary Ola Electric Technologies Pvt Ltd has amicably settled all dues with its former vehicle registration services provider, Rosmerta Group. Ola Electric Technologies Pvt Ltd has settled all dues amicably with Rosmerta Group. Subsequently, Rosmerta Group said in a regulatory filing that it had submitted a memorandum to…
Maharashtra has withdrawn its proposal to impose a 6% sales tax on electric cars priced above $35,000 (about Rs 30 lakh) to encourage sales of electric vehicles in the country, the world’s third-largest auto market, which is still in its infancy. “We are suppressing (electric vehicles in the luxury segment) for no reason… We will…
Ola Electric Mobility included bookings for its yet-to-be-launched electric motorcycles and e-scooters in its February sales figures, making its market share look larger as the company works to regain investor confidence. The SoftBank Group Corp-backed company told India’s Ministry of Road Transport and Highways in a letter on March 21 that it added customer bookings…