The crucial changes prompted by the Government to the FAME II scheme involving electric vehicles are claimed to be on the back of its failure to achieve the desired results. Following the FAME I scheme that was rolled out in 2015 to encourage early adoption of electric vehicles and bring down the country’s dependence on crude oil, much of which[Read More…]
The Society of Indian Automobile Manufacturers (SIAM) recently organized a virtual lecture with Electric Vehicles (EVs) as the theme. With a focus on on-road safety, operations and maintenance, Prashant K Banerjee, Executive Director, SIAM, in his opening remarks expressed that the current decade would be looked upon as a decade of electrification. Pointing at road safety, operations and maintenance, Banerjee[Read More…]
Reporting FY2020-21 Q4 consolidated revenue of Rs.21,456 crore, up 32 per cent, and a consolidated Q4 PAT before EI at Rs.1,834 crore, up 170 per cent, Mahindra & Mahindra Ltd. (M&M) will introduce 23 new Mahindra in the passenger and commercial vehicle markets, along with 37 tractor types by 2026. Reporting a generation of operating cash of Rs.10,022 crore in[Read More…]
Reporting a consolidated net profit of Rs.212.12 crore for the last quarter of FY2020-21 against a net loss of Rs.68.59 crore in the year prior to this, Bharat Forge, an automotive, defense, and aerospace components supplier are confident of strong growth on the basis of an encouraging rebound in export markets. Said to expect robust demand in major export segments[Read More…]
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