Ather Energy is in the process to ramp up production, introduce new products and expand sales network across the country.

The total import to India from Germany has increased by 3.56% for April 2020-January 2021. It also said that India could expand its share in the global auto components market to 4-5% by 2026.

Valeo and Omega Seiki Mobility have signed a Memorandum of Understanding (MoU) under which Valeo will provide the electric powertrains for the OSM vehicle range.

Ki Mobility Solutions will offer standardised and cost-effective service to two-wheelers, passenger cars and commercial vehicles. TVS ASL also acquired 100% of goBumpr, a large B2C aggregation platform.

ELE, the e-rickshaw-brand under Ampere Electric is planning to launch its website as a part of its expansion plan. The aim is to attract B2B buyers and to aid the discovery of its e3W product range.

India is expected to be the world's third-largest automotive market in terms of volume by 2026 and is currently valued at $118 bn. Despite the ongoing pandemic, the Indian auto industry has shown immense resilience and is facing the challenges posed by the pandemic head-on. The government is also taking adequate initiatives to boost the auto industry by offering product-linked incentives, scrappage policy etc. Manav Kapur, Executive Director, Steelbird International, delves into the automotive sector rapidly integrating technologies in the coming future.

Ampere Vehicles, the e-mobility wing of Greaves Cotton Limited, announced a price cut on electric scooters up to Rs. 9000. It is based on the recent FAME II subsidy revision policy by the Government.

Hyundai Motor India Ltd., the country’s first Smart Mobility Solutions Provider and largest exporter since inception, launched its Premium, Versatile, 6- and 7-Seater SUV – Hyundai ALCAZAR.

After modification, incentives for electric 2Ws have been increased to Rs 15,000 per KWh from Rs 10,000 per KWh. EESL will aggregate demand for electric 3Ws and buses.