It will be investing $20-30 million in 2021 and 2022 to accelerate its battery swapping business. Oye! Rickshaw is looking to deploy 6,500 lithium-ion batteries across 5,000 vehicles this year.

The prices of entry-level two-wheelers are likely to be impacted due to the sustained increase in commodity prices. Most automakers have resumed operations from the middle of May as infections started to drop.

According to a research report by Emkay Global Financial Services, the volume of auto sales may recover from Q2FY22 due to easing of lockdowns, pent-up demand and improving macros.

A premier dealership that specializes in pre-owned luxury cars, Boys and Machines, is going to set up shops in three new cities naming Indore, Ahmedabad, and Chandigarh in the second quarter of 2021.

SIAM requested more time to implement the dual airbags rule on existing car models in light of the coronavirus pandemic. The government has accordingly extended the deadline till December 31, 2021.

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.

Toyota Kirloskar Motor (TKM) signed a Memorandum of Understanding (MoU) with the Automotive Component Manufacturers Association of India (ACMA) for training auto parts manufacturers on best practices.

Car manufacturers in Tamil Nadu have received permission to operate at their full capacity. The state known as Indian automobile industry hub is one of the worst-hit due to the pandemic.

Electric two-wheelers can help save Rs 25,000 every year compared to those run on internal combustion engines. Consumers show willingness due to the easy charging options and smaller battery packs.