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Domestic CV Industry Volumes to Remain Muted in Q4 FY2024: ICRA

Domestic CV Industry Volumes to Remain Muted in Q4 FY2024: ICRA

The volumes for the domestic commercial vehicle (CV) industry are expected to remain muted through Q4 FY2024 as the base effect catches up in addition to a perceived pause in the infrastructural activities as the model code of conduct kicks in ahead of the General Elections. ICRA estimates the domestic CV industry volumes to register 2-5% YoY growth in volumes[Read More…]

by February 28, 2024 News
Adani Group Explores Collaboration with Uber to Introduce EVs

Adani Group Explores Collaboration with Uber to Introduce EVs

Recent reports suggest that the Adani Group is in talks to establish a partnership with Uber, aiming to introduce electric cars. This collaboration seeks to integrate Uber services into Adani One, a platform launched by the conglomerate in 2022. During a meeting between Gautam Adani, the Chairman of Adani Group, and Uber CEO Dara Khosrowshahi on February 24, discussions hinted[Read More…]

by February 27, 2024 News
Indore’s BRTS corridor to go green with all-electric bus fleet

Indore’s BRTS corridor to go green with all-electric bus fleet

The Bus Rapid Transit System (BRTS) corridor in Indore is set to become the first green transport corridor in India. The 11.45 km-long route will replace all diesel-run buses with electric buses. Indore Municipal Corporation has already purchased ten electric buses, and more will be purchased in the coming days. The BRTS stretch between the Niranjanpur intersection and Rajiv Gandhi[Read More…]

by February 24, 2024 News
Ashok Leyland invests ₹25 cr to buy 50% in TVS Trucks & Buses

Ashok Leyland invests ₹25 cr to buy 50% in TVS Trucks & Buses

TVS Trucks is engaged in the automotive dealership business in India Ashok Leyland Ltd has announced that it has acquired nearly 50% of TVS Trucks and Buses Pvt Ltd for a sum of INR 25 crore. TVS Trucks is a company that deals in the automotive dealership business in India and was established on June 13, 2023. Ashok Leyland has[Read More…]

by February 24, 2024 News