EV-maker Etrio Automobiles Pvt. Ltd. has announced that Prabhakar Kadapa, a veteran automotive leader with over 39+ years of industry experience, has joined its Board of Directors. Kadapa served most recently as the CEO & Managing Director at PSA AVTEC Powertrain Pvt. Ltd. (a JV of PSA Groupe, France and CK Birla Group) as well as the CEO & Managing[Read More…]
Ashok Leyland signed an MOU with Mahindra First Choice Wheels Ltd (MFCWL) to launch an exclusive hybrid ecosystem for its used commercial vehicle business. The digital platform will facilitate exchange and proper disposal and purchase of old commercial vehicles. With the entry into this segment, Ashok Leyland aims to streamline the used vehicle market by leveraging its digital ecosystem, its[Read More…]
The industry is laying the foundation for a robust scrappage ecosystem in line with the Voluntary Vehicle Fleet Modernisation program. Sumesh Soman visits the Maruti Suzuki Toyotsu ELV and scrappage unit to assess the on-ground capabilities. The ‘Voluntary Vehicle Fleet Modernisation’ program notified by the Government of India (GoI) is expected to generate an investment of over Rs.10,000 crore. Expected[Read More…]
The Union Budget 2022-23 surprised a section with its focus on long-term growth. Ashish Bhatia looks at the allocations and implications for the commercial vehicles segment. It’s not easy to please all! Who better than Finance Minister (FM) Nirmala Sitharaman to vouch for it as she knows what it feels like to walk on thin ice. Not an exclusive sense[Read More…]
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