The Indian government is planning to make significant changes to its Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME) scheme. The Union Ministry of Heavy Industries is considering a 50% domestic value addition (DVA) requirement and removing PMP as part of the proposed FAME III. The FAME II scheme, launched in…
The Ministry of Heavy Industries extended the Production-Linked Incentive (PLI) Scheme for Automobiles and Auto Components by a year. The decision was made after the Empowered Group of Secretaries (EGoS) approved it. The Ministry has also changed the scheme to provide more clarity and flexibility. The incentive under the amended scheme will now be…
today announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2w segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% compared to the same month last year. Additionally, it posted a…
CY2023 has turned out to be a record-breaking year for the Chennai-based Hyundai Motor India. The Korean car and SUV manufacturer has announced its best-ever annual calendar year sales of 602,111 units in 2023. This constitutes a 9% year-on-year increase (CY2022: 552,511 units) and marks the first time that it has surpassed the 600,000-units wholesales…
Be it winter or summer, it is very important to take care of your health. If you pay attention to your eating habits and lifestyle, health problems will not bother you during winter. However, due to low temperatures in this season, problems like cold, cough and fever are common. Cases of pneumonia can also be…
Atul Auto Ltd on Monday announced its December total sales increased 16.4 per cent annually to 2,503 units from 2,151 units in the same period in 2022. The three-wheeler maker’s total sales in April-December period last year witnessed a marginal rise of a little over 1 per cent to 18,298 units, from 18,065 in the…
Saif Ali Khan’s son Ibrahim Ali Khan and Palak Tiwari are rumoured to be dating. Their recent outing fuelled the dating rumours. The rumoured couple rang in New Year together. Ibrahim Ali Khan, Palak Tiwari’s recent outing Ibrahim Ali Khan and Palak Tiwari were captured leaving the venue, attracting attention from paparazzi as they…
Israel plans to bring in around 70,000 foreign workers from China, India and elsewhere to boost its construction sector, which has been largely frozen since the Oct. 7 Hamas attack, a newspaper reported on Monday, citing a government official. Yehuda Morgenstern, director general of the Construction and Housing ministry, told the Calcalist financial daily…
Actor-producer Arbaaz Khan tied the knot with make-up artist Shura Khan in an intimate nikah ceremony at his sister Arpita Khan Sharma’s residence in Mumbai. Now, Shura has shared a cute video of Arbaaz proposing to her. Shura posted a video on her Instagram handle in which she can be seen blushing as Arbaaz proposes…
The coal sector achieved 185.7 points in November, compared to 167.5 points, in the same time last year, the release added. The Index of Coal Industry (ICI) measures the combined and individual production performance of eight core industries, viz. cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel. The growth in the…