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  Tesla should buy $ 500 mn Indian auto parts for tax cut
Tesla CEO Elon Musk has previously urged the Government of India to bring the taxes down. The Government is now asking Tesla to source auto components worth at least $500 million from India.

  US-based Triton to set up commercial electrical vehicle unit in Gujarat
Triton Electric Vehicle LLC has signed an agreement with the Gujarat government to set up a commercial electric vehicle manufacturing plant at Bhuj in the Kutch district with a total investment of Rs 108 billion.

  OLA to set up R&D facility for electric car in UK
Indian tech company Ola has announced plans to invest Pound 100 million in the UK to open a research and development facility for a planned electric car, in a significant boost to the British automotive industry.

  Budget Focuses on Creating Infra in Auto Sector for Rise in Jobs
The domestic forging industry said the Union Budget 2022-23 is focusing on investing more in infrastructure and renewable energy, that will indirectly support employment generation.

  Omega Seiki, Log 9 to launch EVs in tier II and III cities
Omega Seiki Mobility (OSM) and Log9 Materials have formed a strategic partnership to deploy 10,000 3-Wheeler Rage+ Rapid EV’s in Tier II and III markets of India by FY24.

Editor's Desk

Pratap Padode / Managing Director

Auto in reverse gear due to Covid 19
To fight novel coronavirus disease (Covid 2019), the government ordered a 21-day nation-wide lockdown, starting March 25.


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6th International Truck, Trailer & Tyre Expo

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