Let me introduce you to a man named Lance Reventlow. He was born into a very wealthy family, as he was heir to the Woolworth fortune. Instead of being your typical socialite, spending all his time partying and playboying (Which he did), he also was obsessed with cars and racing. So much so, he decided … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
German automaker Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total network for the automobile major stands at 26 sales and 20 service facilities in Tamil … Read more
Tata Motors on Wednesday said it will build a cutting-edge vehicle manufacturing facility in Ranipet, Tamil Nadu, at an investment of ₹9,000 crore. The Tata group company signed a memorandum of understanding (MoU) with the Tamil Nadu government to establish the facility, its second plant in southern India. The unit is expected to generate about … Read more
Tata Motors has signed an MoU with the TN government to establish a cutting-edge vehicle manufacturing facility for an investment of Rs. 9000 crores that will generate around 5000 jobs, TN Industries Minister TRB Rajaa said on Wednesday in a post on X (formerly Twitter). Tamil Nadu CM MK Stalin and senior officials of Tata … Read more
Photo: Matt Cardy (Getty Images) Carmaker names are not nearly as celebrated as carmaker logos but they’re just as rich in heritage, both good and bad. Automobiles have been around since the late 1700s, but they didn’t take off until after the Industrial Revolution. World Wars I and II would catapult auto manufacturing into what … Read more
The government has constituted a committee to examine the auto industry’s demand for including more components in the production-linked incentive scheme for automobile and auto components, Union Minister Mahendra Nath Pandey said. “A committee has been constituted to examine demands from stakeholders to include more (automotive) components in the scope of the PLI scheme as … Read more
Photo: Andy Kalmowitz / Jalopnik Mercedes-Benz announced a slew of stuff at CES, from a new AI virtual assistant to musical EV sounds developed with Will.I.Am that change as you drive. CES was also host to the North American debuts of the Concept CLA and the new E-Class, but the only thing that I truly … Read more
The Ministry ofHeavy Industries on Monday issued a Gazette notification to extend the tenure of Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments to provide clarity and flexibility to the scheme. “This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS),” … Read more
The centre has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by a year. A statement from the Ministry of Heavy Industries (MHI) said this decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS). These amendments aim to provide clarity and flexibility to the scheme. … Read more
