SIAM has released the motor vehicles data on production, domestic sales and exports of passenger vehicles, two-wheelers and three-wheelers for June 2024. Monthly Performance: June 2024 Production: The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycle in June 2024 was 23,36,255 units. Domestic Sales: Passenger vehicle sales were 3,37,757 units in June 2024. Three-wheeler sales were 59,544 units in[Read More…]
As part of the EV4ECO scheme for the electric mobility ecosystem, the Small Industries Development Bank of India (SIDBI), the country’s apex financial institution for MSMEs, and BluSmart, India’s largest EV ride-hailing service, flagged off 140+ electric cars in the presence of representatives from the Indian government and multilateral. The ABCD (Aaओ Bनाए Cलीन Diल्ली) tagline of SIDBI is for[Read More…]
Mahindra Extends the mileage guarantee initiative to its entire range of BSVI OBD II trucks, setting a new standard in the commercial vehicle sector. The ‘Get More Mileage or Give the Truck Back’ guarantee is aimed at addressing rising fuel costs and stringent regulatory standards, promising unmatched performance and reliability across its BLAZO X, FURIO, OPTIMO, and JAYO truck models.[Read More…]
Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Ltd. (M&M), announced a strategic partnership with Ecofy, India’s green-only NBFC backed by Eversource Capital, committed to financing India’s green transition. The partnership is expected to boost the adoption of electric three-wheelers in India. MLMML is India’s No.1 electric three-wheeler manufacturer and offers the widest range of electric[Read More…]
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