The global automotive industry is trying to switch to alternative energy options in a big way. India’s recent investments too will see an exemplary shift in the near future. Indian EV Market value stood at USD 5 billion in 2020, and it is predicted to reach USD 47 billion by 2026. This is a CAGR of more than 44% during 2021-2026.

The global automotive industry is trying to switch to alternative energy options in a big way. India’s recent investments too will see an exemplary shift in the near future. Indian EV Market value stood at USD 5 billion in 2020, and it is predicted to reach USD 47 billion by 2026. This is a CAGR of more than 44% during 2021-2026.

EV startup Etrio on Thursday launched a vehicle leasing scheme for its newly launched cargo e-three-wheeler Touro Mini, offering customers a monthly rental starting from Rs 6,300 for a maximum period of three years.

Budget 2023 Expectations Auto Sector: While Finance Minister Nirmala Sitharaman holds pre-budget consultations with various industry bodies, the automobile industry is looking out for a growth-oriented Budget for 2023.

As the Indian government prepares to unveil its 2023 budget, industry leaders and experts have been sharing their expectations and suggestions for the forthcoming financial plan. From the need for increased investment in infrastructure and job creation, to calls for tax reform and support for small businesses, the pre-budget quotes from these leaders offer a glimpse into the key issues and priorities facing the country.

The Union Budget 2023-24, is going to be crucial for the Indian automobile sector. All automotive players in India are eyeing the upcoming budget, which will be presented by Union Finance Minister Nirmala Sitharaman on or before 1st February 2023.

There is little doubt today that electric vehicles are the next big frontier of transport and mobility worldwide. In the backdrop of an increased focus on environmental and pollution concerns as well as superior operating economics especially in commercial applications,..

A “revolution” is taking place in India’s manufacturing sector: companies are looking to cut dependence on China for parts and materials amid Covid-19 lockdowns and geopolitical tensions, giving wings to Indian ambitions of becoming a global production hub, analysts say.

Ecommerce or quick commerce is one of the early adopters of electric vehicles. According to industry reports, 15-20% of last-mile ecommerce cargo fleets have been electrified globally, either through retrofitted solutions, the replacement of ICE vehicles with EVs, or the introduction of EVs.

EV maker Etrio has expanded its footprints to Maharashtra with the setting up of a dealership in the financial capital, which will also cover two other districts, Thane and Navi Mumbai, in the state. At its Mumbai dealership, Etrio will showcase and sell its wide range of electric vehicle models, including electric 3-wheelers, for the cargo and passenger segments, the company said in a statement.