Hyundai to bring captive financing arm in India

New Delhi: Korean automaker Hyundai is planning to launch its captive finance arm, Hyundai Capital in India in 2018, which will offer financing to both the dealerships and the indi...

Gujarat gains speed as e-vehicles hub

New Delhi: On the back of a ready ecosystem, Gujarat is on track to become India's e-vehicles hub with electric vehicles and battery manufacturing plants being setup in the sta...

JSW Energy to set up Rs 4k-cr electric car manufacturing plant in Gujarat

Ahmedabad: JSW Energy has signed a memorandum of understanding (MoU) with the Government of Gujarat on September 26, 2017, for setting up an electric vehicle (EV) manufacturing uni...

India key export base for auto firms

New Delhi: India is on track to become the top export base for global automobile brands as more and more models, including bigger ones are exported from the country.

Karnataka wants to become the electric vehicle capital of India

Bengaluru: The state of Karnataka aims to become the electric vehicle (EV) capital of India with investments worth Rs 31,000 crore (US$ 4.85 billion) from companies focusing on res...

Maruti Suzuki second-best performing auto stock in the world after Tesla

Mumbai: Maruti Suzuki India Ltd (MSIL) is the second-best performing company globally in the automobile sector in terms of share price gain after Tesla, with its share price increa...

JSW Group in talks with China's Zhejiang Geely for electric vehicles

Mumbai: JSW Group is in talks with China's Zheijang Geely Holding Group Co. for a proposed equal joint venture to make electric vehicles (EVs) with an investment of around US$ ...

Car sales up 11.8 pc; passenger vehicle up 13.76 pc in Aug

New Delhi: India's passenger vehicle (PV) sales and car sales rose 13.76 per cent and 11.8 per cent year-on-year to 294,335 and 198,811 respectively in August 2017, as customer...