Ather 450 electric scooter gets service plan, prices start at ₹1,130

Ather 450 electric scooter gets service plan, prices start at ₹1,130

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By: HT Auto Desk
, updated on: October 16, 2024, 09:36 am

  • Ather Energy has introduced three service plans for the 450 range of electric scooters.
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Service plans are only offered on the 450X, 450S and 450 Apex.

2023 ather 450s

Service plans are only offered on the 450X, 450S and 450 Apex.

Ather Energy has launched the Ather Care Service Plan for its 450 range of electric scooters. E Ather Care plans cover free periodic maintenance, discount on wear and tear part replacement and include services like ExpressCare and polishing. There will be three service plans on offer – Ather Care, Ather Care Plus and Ather Care Max.

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First publication date: 16 October 2024, 09:36 am IST

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iVoomi electric scooter is getting a discount of up to ₹10,000 for the festive season

iVoomi electric scooter is getting a discount of up to ₹10,000 for the festive season

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Electric two-wheeler manufacturer iVoomi has announced discounts of up to Rs 10,000 on its electric scooter. Discounts are also being offered on the top-end iVoomi WinX ZE and the more affordable iVoomi S1 range. Customers interested in purchasing Jitx ZE can avail the discount till now 10,000, while those choosing S1 are eligible for a discount 5,000. Apart from these discounts, iVOOMi Energy has introduced attractive offers, including zero down payment loan, 0 percent interest and minimum installments. 1,411.

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Hyundai India IPO opens for subscription tomorrow: Everything you need to know

Hyundai India IPO opens for subscription tomorrow: Everything you need to know

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By: HT Auto Desk
, updated on: October 14, 2024, 07:36 am

  • Hyundai's IPO in 2024 will be the largest in India and second largest globally.
Hyundai's IPO in 2024 will be the largest in India and second largest globally. (Reuters)

Hyundai Motor India recently announced plans to open its initial public offering (IPO) of equity shares (“Offer”) on Tuesday, October 15, 2024. South Korean auto giant's Indian subsidiary set to sell shares Rs 25,000 crore through Offer for Sale (OFS) in the Indian market. Hyundai Motor India's IPO will open for subscription on October 15 and close on October 17.

The allotment for Hyundai Motor IPO is expected to be finalized on October 18. Hyundai Motor India IPO will be listed on BSE and NSE, with the tentative listing date set for October 22. In a regulatory filing, the company said it is going to be the largest-ever share offering in India and the world's second-largest IPO in 2024.

Also Read: Upcoming Cars in India

Here are some key facts about Hyundai Motor India IPO.

Hyundai will not issue new shares in IPO

Hyundai Motor India will not issue new shares in the IPO. Instead, its South Korean parent company will sell its 17.5 percent stake in the wholly owned unit, valuing it at up to $19 billion. At this size, Hyundai India will account for about 40 percent of its parent company's market capitalization. According to the regulatory filing, 142,194,700 shares will be on offer in the price band. from 1,865 1,960.

Hyundai listed outside South Korea for the first time

The deal will mark the first time Hyundai is being listed outside its home country South Korea. IPOs show India's capital markets show no signs of cooling off, with 260 companies raising more than $9 billion so far in 2024, according to LSEG data.

Biggest IPO in India

The IPO of the Indian subsidiary of South Korea's Hyundai Motor Company is going to become the largest public offering in India, surpassing the IPO of Life Insurance Corporation (LIC). 21,000 crore, which was opened for bidding in May 2022. Hyundai Motor India IPO is also one of the largest IPOs in Asia recently. Moreover, it is the world's second largest IPO in 2024 after Lineage Inc's $5.1 billion IPO in the US in July this year.

Impact of Hyundai IPO on OEM's product strategy

With the funds raised by the IPO, Hyundai Motor India will secure a larger investment capacity to narrow its market share gap with India's largest carmaker and its nearest rival Maruti Suzuki, as the South Korean auto maker is likely to ramp up its production. Will invest to expand capacity. India.

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First publication date: 14 October 2024, 07:36 am IST

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Delhi High Court asks NHAI to fix representation on unfair highway toll collection

Delhi High Court asks NHAI to fix representation on unfair highway toll collection

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By: PTI
, updated on: October 13, 2024, 09:45 am

  • Delhi HC said the representation by the authorities should be disposed of within four weeks as per law.
Delhi HC said the representation by the authorities should be disposed of within four weeks as per law.

The Delhi High Court has asked the National Highways Authority of India (NHAI) to decide on a representation raising the issue of alleged unfair toll fee collection and establishment of toll plazas on highways across the country.

A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela was hearing a PIL on September 25 when it disposed of the plea, allowing the petitioner to file a comprehensive representation with the NHAI within two weeks.

The court said that the representations should be disposed of by the authorities within four weeks as per law.

Petitioner Anand Mishra, an advocate, said that as per the National Highway Fee (Determination of Rates and Collection) Rules, NHAI is clearly barred from collecting toll on the semi-constructed portion of the highway and toll fee plazas cannot be established. Can be done. 60 kilometers.

“The respondent (NHAI) has and is still collecting undue wealth by charging unreasonable toll from passengers on the highways,” the plea said.

Therefore, the petitioner sought to direct NHAI to comply with Rules 3(2) and 8(2) of the National Highway Fee (Determination of Rates and Collection) Rules, 2008 with immediate effect throughout India.

The petition sought a direction to the court to conduct a survey and form a committee to calculate the amount of toll fee collected so far by NHAI by allegedly violating these rules and ensure that the amount collected is The amount spent should be returned immediately.

Rule 3(2) provides for commencement of collection of fee within 45 days from the date of completion of the section of National Highway, permanent bridge, bypass or tunnel, as the case may be, constructed through a publicly funded project .

On the other hand, Rule 8(2) states that no other toll plaza shall be established on the same stretch of the National Highway and within 60 kilometers in the same direction.

The petitioner had informed the court about giving a representation to the authorities in August but it was not acted upon.

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First publication date: 13 October 2024, 09:45 AM IST

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At the end! Delivery of Mater Era 5000 electric bike starts

At the end! Delivery of Mater Era 5000 electric bike starts

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By: HT Auto Desk
, updated on: October 12, 2024, 09:11 am

The Mater Era was introduced earlier this year as India's first geared electric motorcycle, and features a liquid cooling system.

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Mattermost Era looks sharp and streamlined from all angles. However, in terms of design it seems common in many places (Tej Patel for HT Auto)

Ahmedabad-based Miter Group has finally started deliveries of its Era 5000 electric motorcycle. The deliveries were launched from the brand's Ahmedabad Experience Center which was recently inaugurated. Matter says the new experience center will provide customers with a 'phygital' Aira motorcycle experience.

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First publication date: 12 October 2024, 09:11 am IST

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2025 Triumph Trident 660 unveiled globally, updated with new technology

2025 Triumph Trident 660 unveiled globally, updated with new technology

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By: HT Auto Desk
, updated on: October 10, 2024, 09:20 am

Triumph has launched the 2025 Trident 660, which includes new color options, electronic assists and improved suspension. This includes standard cruise control,

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Triumph Motorcycles recently unveiled the updated Trident 660 Roadster and it is expected to come with several feature upgrades while maintaining the engine performance. (Triumph UK)

The 2025 Triumph Trident 660 has been unveiled globally with several new features. The latest generation of the middleweight naked roadster will be offered with four new color options, new electronic aids and an updated suspension setup. With this, the new Trident can now be had with cruise control, while traction control and cornering ABS come as standard features. It sports an all-LED headlamp, an integrated tail lamp and self-canceling indicators.

The powertrain and performance figures remain largely unchanged, with the same 660 cc liquid-cooled inline three-cylinder making 81 bhp at 10,250 rpm and 64 Nm of torque at 6,250 rpm. It is mated to a six-speed manual gearbox and a slip and assist clutch, and is equipped with Trident ride-by-wire technology, a new riding mode and a quickshifter.

Also Read: 2024 Triumph Speed ​​T4 First Drive Review – Cost Cutting or Steal Deal?

The Trident 660 is built around a tubular steel perimeter frame with a two-way steel swingarm. The updated roadster has 41 mm Showa USD forks at the front, while a monoshock RSU has been installed at the rear. The Trident runs on five-spoke 17-inch cast aluminum wheels. Braking duties are handled by the same twin 310 mm disc at the front and single 255 mm disc at the rear.

Triumph Trident 660: Key features of the updated roadster

triumph trident 660
The new and updated Triumph Trident 660 runs on the same powertrain as before but gets important features like traction control, traction control and cornering ABS.

Triumph Motorcycles has fitted a new sensor system, called the Inertial Measurement Unit (IMU), which is said to continuously monitor and adjust engine and braking parameters. This allows features such as traction control, optimized cornering ABS and cruise control to be offered as standard on the motorcycle.

The Trident 660 has three different riding modes, with 'Sport' mode being the newest. This mode brings quicker throttle response while the 'Road' mode focuses on refinement. Triumph says the 'Rain' mode softens the Trident's power delivery to make it suitable for wet conditions.

Also Read: Triumph announces update of Speed ​​Twin 1200, unveils new Speed ​​1200 RS

Other new features include an LCD instrument console with an integrated TFT connectivity unit that offers turn-by-turn navigation, calls, music and GoPro functionality. Triumph has fitted its bi-directional quickshifter as a standard feature on the 2025 Trident 660, which was an optional add-on in the preceding model.

The updated Triumph Trident 660 is expected to be launched in India, but the brand has not confirmed any date or price for the country market. In Europe, the new model is priced at £7,895 (approx.), the same as its predecessor 8.67 lakh), which is expected to be the case for India also

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First publication date: 09 October 2024, 20:00 PM IST

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Kia Carnival Limousine Launch: Things You Need To Know

Kia Carnival Limousine Launch: Things You Need To Know

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By: HT Auto Desk
, updated on: 09 October 2024, 09:15 am

Kia India launched the new generation Carnival, positioned between the Toyota Innova Hycross and Vellfire. The 2024 models have dual 12.3-inch displays

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The 2025 Kia Carnival MPV facelift will have just one powertrain and several updated features. (did)

Kia India has recently launched a new generation of Carnival in the Indian market. The manufacturer has fundamentally changed the positioning of the new Carnival in terms of market positioning. It is now positioned between the Toyota Innova HighCross and the Toyota Vellfire. Here's what everyone should know about the new Kia Carnival.

Kia Carnival Limousine: Features

The 2024 Carnival comes equipped with an impressive range of features, including a dual panoramic curved display with a 12.3-inch infotainment touchscreen offering wireless Android Auto and Apple CarPlay, paired with a 12.3-inch digital driver display. Additionally, it features a 12-speaker Bose sound system and an 11-inch heads-up display (HUD). Notable features include powered and ventilated seating in both the first and second rows with advanced connected car functionality, wireless phone charging capabilities, three-zone climate control and electrically operated sliding doors.

Kia Carnival Limousine: Design and Dimensions

The Carnival now boasts of an all-new design that is completely different from the K4 version that was showcased at the Auto Expo 2023. Instead, the design is now in line with the SUVs sold by the brand. In terms of dimensions, the Carnival measures 5,155 mm in length, 1,995 mm in width and 1,775 mm in height with roof rails. Its wheelbase is 3,090 mm.

(Read More: Kia EV9 brings its flagship electric SUV to India: 5 things to know)

Kia Carnival Limousine: Specifications

The 2024 Kia ​​Carnival is equipped with a 2.2-litre diesel engine that produces 190 bhp and 441 Nm of torque. This engine is paired with an 8-speed automatic transmission and features a front-wheel drive configuration. The same engine was used in the previous model also. Notably, while the Indian market is limited to the diesel variant, the international variants also offer a 3.5L V6 petrol engine option.

Kia Carnival Limousine: Price

Kia Carnival is being sold in only one variant and its price is 63.90 lakh ex-showroom. The price is high because the MPV comes in the Indian market as a CKD or completely knocked-down unit.

Upcoming cars in India in 2024, check out the best SUVs in India.

First publication date: 09 October 2024, 09:15 AM IST

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Cashback offers of up to ₹ 20,000 are available on Suzuki Gixxer, V-Strom SX and Gixxer SF.

Cashback offers of up to ₹ 20,000 are available on Suzuki Gixxer, V-Strom SX and Gixxer SF.

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Suzuki V-Strom SX exchange offer up to Rs. Rs 10,000 more cashback offer 6,000. The same offer is also applicable on Gixxer and Gixxer SF. Cashback available on Gixxer 250 and Gixxer SF 250 20,000. All motorcycles are being offered with an extended warranty of 10 years, no hypothecation and up to 100 per cent loan.

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First publication date: 08 October 2024, 09:06 am IST

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Auto Recap, October 6: Variant-wise features of Nissan Magnite, Mahindra BE.05 spotted

Auto Recap, October 6: Variant-wise features of Nissan Magnite, Mahindra BE.05 spotted

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By: HT Auto Desk
, updated on: 07 October 2024, 07:01 am

  • Here's your quick check on the biggest developments in the world of automobiles.
Here's your quick check on the biggest developments in the world of automobiles.

The automotive industry is very fast-paced and because of this, it can be a little difficult to keep track of. But HT Auto is here to give quick updates regarding all the major events happening. Here's a recap of all the highlights from Sunday, October 6.

Nissan Magnite facelift reaches India. Variant-wise price and features explained

Nissan India has launched the Magnite facelift in the country at a starting price of Rs. Rs 5.99 lakh (ex-showroom). The mid-life update of the Nissan Magnite brings some cosmetic changes and also introduces some new features to the SUV which is currently the main revenue churner for the Japanese carmaker in India. These updates also come with a new variant nomenclature for the Nissan Magnite sub-compact SUV. Here's the variant-wise pricing and features explained for the new Nissan Magnite facelift.

Also Read: Nissan Magnite Facelift Launched in India. Variant-wise price and features explained

Mahindra BE.05 spotted again. What this tells us about upcoming electric SUVs

Mahindra is aiming to launch a flagship electric vehicle aggressively and a key part of that strategy is the Mahindra BE.05 electric SUV. The upcoming EV has been spotted again during an ad shoot ahead of its public debut. The production version of the Mahindra BE.05 will be quite different and have more practical elements than the concept model previously showcased by the carmaker. Here's a quick look at the key facts about the electric SUV.

Also Read: Mahindra BE.05 spotted in production avatar, what does it tell about the upcoming electric SUV

Bhavish Aggarwal vs Kunal Kamra fight has broken out over Ola scooter.

(Also read: 'Shut up' – Bhavish Aggarwal vs Kunal Kamra fight breaks out over Ola scooter)

The poor condition of Ola Electric Service Center has once again come to light. And as usual, Ola Electric CEO Bhavish Aggarwal has responded dismissively. Stand-up comedian Kunal Kamra took to social media platform X to draw attention towards the poor condition of Ola Electric's service centers and the overall quality of their service. Responding to Kamra, Ola Electric CEO has been at loggerheads with the standup comedian.

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First publication date: 07 October 2024, 07:01 am IST

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Skoda's home country Czech Republic urges review of EU emissions rules

Skoda's home country Czech Republic urges review of EU emissions rules

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By: AFP
, updated on: 06 October 2024, 08:50 am

  • The Czech Republic, an EU member of 10.9 million people, is heavily dependent on car production and exports to other EU countries.
The Czech Republic, an EU member of 10.9 million people, is heavily dependent on car production and exports to other EU countries. (Reuters)

The Czech government said on Friday it would pressure the EU to review emissions rules ahead of the plan, saying tougher rules would harm the competitiveness of the European car sector.

The Czech Republic, an EU member of 10.9 million people, is heavily dependent on car production and exports to other EU countries.

The country's three big car plants – Volkswagen's Skoda Auto, Toyota and Hyundai – are expected to produce about 1.4 million cars in 2023 and make up about 10 percent of its gross domestic product.

Prague will urge the EU to move up a planned review of its CO2 rules from 2026 to 2025, Czech Transport Minister Martin Kupka told reporters.

“We also need to change the (emissions) limit for 2025,” Kupka said. He said that EU rules are not in line with market conditions.

“Sales of electric cars are falling … even though the EU had predicted growth and based its emissions limits on it,” Kupka said.

He said sanctions for failure to comply would prevent carmakers from investing in development, putting them at a disadvantage to rivals in China or the United States.

Kupka said Prague would invite ministers and European Parliament members from other EU countries to support the campaign.

The European Automobile Manufacturers Association (ACEA) also last month asked Brussels to “come forward with urgent relief measures before the new CO2 targets for cars and vans come into force in 2025”.

Europe is racing to produce more electric cars as part of its green transition, with an EU deadline to phase out the sale of fossil fuel-burning cars by 2035 approaching.

But after years of growth, electric car sales began to decline in late 2023, and now account for just 12.5 percent of new cars sold on the continent.

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First publication date: 06 October 2024, 08:50 AM IST

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Auto Recap, October 4: Nissan Magnite, Tata Punch Camo launched and more

Auto Recap, October 4: Nissan Magnite, Tata Punch Camo launched and more

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By: HT Auto Desk
, updated on: 05 October 2024, 08:43 am

  • Here's a quick summary of all the important events that happened in the automobile industry on October 4.
2024 Nissan Magnite launched in India with cosmetic updates and feature additions.

The automotive field works at a fast pace, which can make it challenging to stay informed. However, HT is committed to providing timely updates on important developments within the auto industry. Below is a summary of the highlights from Wednesday, October 4.

The 2024 Nissan Magnite gets a revised front bumper, new grille and updated alloy wheels. The interior includes all-leather treatment and new features. It retains the two petrol engine options and is aimed at boosting Nissan's market presence in India. Prices start at 5.99 lakh ex-showroom.

(Read more: 2024 Nissan Magnite launched 5.99 lakh. Check out what's new)

Tata relaunches Punch Camo Edition

Tata Motors has re-launched a limited edition CAMO version of the Punch SUV, featuring dual-tone seaweed green exterior and updated features. at cost ₹ 8.45 lakh ex-showroom, it retains the same engine options and offers a five-star safety rating, competing with the Hyundai Xcent and Maruti Suzuki Swift.

(Read more: Tata brings back Punch Camo edition SUV for a limited period. Check out what's new)

Suzuki Motorcycle India launches GSX-8R 9.25 lakh ex-showroom, added to its 800 cc platform lineup. Competing with rivals like the Honda CBR650R, it features a 776 cc engine producing 82 bhp, advanced electronics and attractive styling with unique LED DRLs.

(Read More: Suzuki GSX-8R launched in India 9.25 lakh, will compete with Triumph Daytona 660)

BMW M4 CS launched in India

BMW M4 CS, Price Rs.1.89 crore ex-showroom, enhances track performance with better cooling, stiffer mounts and 542 bhp engine. It accelerates from 0-100 kmph in 3.4 seconds and has lightweight components for better handling.

(Read more: BMW M4 CS launched in India 1.89 crore)

Hyundai is offering discounts in October

Hyundai offers discounts up to Grand i10 Nios and Rs 58,000 Rs 55,000 off on i20 this October. Discounts are available on four models, including SUVs like Exeter and Venue, to boost sales amid a decline in the passenger vehicle segment.

(Read more: Exeter to Venue: Hyundai offers discounts of approx 80,000 on its cars in October)

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First publication date: 05 October 2024, 08:43 am IST

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Heavy tariffs on Chinese electric cars: EU governments face decisive vote today

Heavy tariffs on Chinese electric cars: EU governments face decisive vote today

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By: reuters
, updated on: 04 October 2024, 09:17 am

The European Union plans to impose a 45 percent tariff on electric cars manufactured and exported from China to EU countries in an effort to help local businesses.

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The European Union plans to impose a 45 percent tariff on electric cars made and exported from China to EU countries in an effort to help local businesses.

Chinese electric vehicle makers like BYD could face 45 percent tariffs if they sell their models in European countries if EU governments vote in favor of a proposal to impose taxes on China-made cars. (Bloomberg)

EU members face a decisive vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc's highest-profile trade case that risks retaliation from Beijing.

The European Commission, which oversees the bloc's trade policy, proposed final duties for the next five years to combat unfair Chinese subsidies after a year-long anti-subsidy investigation.

Under EU rules, the Commission can impose tariffs for the next five years unless a qualified majority of the 15 European countries representing 65% of the EU's population vote against the plan.

Also read: Germany to vote against EU tariffs on Chinese electric vehicles

Reuters reported on Wednesday that France, Greece, Italy and Poland would vote in favor, enough to prevent a blocking majority against the tariffs.

Either way, in the absence of a qualified majority, the EU Executive can adopt tariffs. However, he can also submit a revised proposal if he wants to get more support.

The region's top economy and major carmaker, Germany, will vote against the introduction of tariffs, people with knowledge of the matter told Reuters late on Thursday.

German carmakers, whose sales to China represent about a third, have been particularly vocal against the tariffs. Volkswagen said they were “the wrong approach”.

Also Read: Skoda Alroq promising 560 km range makes global debut, likely to launch in India in 2025

Spain's economy minister, previously a tariff supporter, said in a letter to European Commission Vice President Valdis Dombrowski seen by Reuters on Thursday that instead of imposing tariffs, the EU should “keep negotiations open beyond a binding vote.” ..” “To reach a deal on prices as well as to shift battery production to the block.

Spanish Prime Minister Pedro Sanchez had earlier said during his visit to China that the EU should reconsider its position.

Some EU members are nervous about Beijing's reaction. In moves seen as retaliation, Beijing this year launched its own investigation into EU imports of brandy, dairy and pork products.

However, the EU's stance towards Beijing has hardened over the past five years, now viewing China not only as a potential partner on some issues, but also as a competitor and a systemic rival.

Recommended Watch: Is it ever too luxurious with the Mercedes-Benz EQS?

The Commission says China's spare production capacity of 3 million EVs per year that needs to be exported is twice the size of the EU market. Given the 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.

The EU executive has said it is willing to continue negotiations with China on alternatives to tariffs and may re-examine a price undertaking – including a minimum import price and usually a volume cap – that has previously barred Chinese companies. The offer presented by was rejected.

An option under negotiation is to calculate minimum import prices using criteria such as the electric vehicle's range, battery performance and length, as well as whether it is two- or four-wheel drive, a source familiar with the matter said.

Tariffs range from 7.8% for Tesla to 35.3% for SAIC and other companies that are believed not to have cooperated with the EU investigation. These tariffs are on top of the EU's standard 10% import duty on cars.

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First publication date: 04 October 2024, 08:38 am IST

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Nitin Gadkari reviews progress of 21 National Highway projects in Kerala

Nitin Gadkari reviews progress of 21 National Highway projects in Kerala

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By: ANI
, updated on: 03 October 2024, 09:06 am

  • The Union Ministry of Road Transport and Highways has been actively expanding national highways in the country for the last few years.
The Union Ministry of Road Transport and Highways has been actively expanding national highways in the country for the last few years.

Union Road Transport and Highways Minister Nitin Gadkari on Tuesday reviewed the progress of 21 ongoing National Highway projects spanning over 747 km in Kerala, the minister said in a post on social media platform “X”.

Union Minister Gadkari was accompanied by Union Minister of State (MoS) for Road Transport and Highways, Ajay Tamba and Minister of State (MoS) for Tourism and Petroleum and Natural Gas Suresh Gopi as well as senior officials at the new Bharat Mandapam. Delhi.

The Central Government is actively working for the expansion of National Highways in the country. Gadkari inaugurated and laid the foundation stone of 12 national highway projects with a total length of over 105 km in January this year. 1464 crores.

According to a statement from the Ministry of Road Transport and Highways, the proposed projects aim to enhance seamless connectivity between Tamil Nadu and Kerala, thereby ensuring fast and hassle-free transportation.

The initiative promises to reduce overall transportation costs. Additionally, the focus on eliminating black spots on national highways is expected to lead to a significant reduction in road accidents, the ministry said.

It further said that the venture is set to generate substantial direct and indirect employment opportunities while promoting socio-economic development in Kerala.

Additionally, according to the ministry, better access to Munnar is expected to boost tourism potential, while the construction of a high-level bridge will eliminate a 27-kilometre detour during floods, streamline travel and promote Kerala's key products. Exports will benefit.

As per the official document, 8 major projects with total length of 198 km with total cost of Rs. Rs 4,043 crore are in various stages of progress. For 1,290 km NH, approximately Rs. Detailed Project Report (DPR) of Rs. Preparations worth Rs 27,650 crore are being made. Under Setu Bharatam, approximately Rs. 4 ROBs have been identified costing Rs. 200 crores. According to the government, these projects will prove to be a boon for Kerala's economy and tourism. Some of the landmark projects being developed in the states include Thiruvananthapuram Bypass, Thalassery – Mahe Bypass and Kuthiran Tunnel.

Three major greenfield NH projects are also in the pipeline. They are 4-lane Palakkad to Kozhikode section of NH-966, 4-lane Greenfield Road from Kochi to KL/TN ​​border section of NH-85, and 4-lane Thiruvananthapuram – Kottarakarra – Kottayam – Angamaly (MC Road).

In his written reply in the Rajya Sabha last year, Gadkari had said that the Kerala government has agreed to share 25 per cent of the land acquisition cost of Rs 5748 crore for 16 ongoing projects on NH-66, of which Rs 5581 is Rs. Rs crore have been deposited.

Additionally, he said the Kerala government has also agreed to share 25 per cent of the land acquisition cost, amounting to Rs 4440 crore, for the upcoming three greenfield NH projects.

He said the state government has agreed to share 50 per cent cost of land acquisition, 100 per cent cost of service road and exemption from state GST and royalty for the Thiruvananthapuram Outer Ring Road section of NH-866.

According to the Minister, during the last 5 years, about 160 km of NH has been constructed by NHAI in the state of Kerala.

According to data shared by the ministry in January this year, India has about 66.71 lakh km of road network, the second largest in the world. The total length of national highways is 1,46,145 km.

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First publication date: 03 October 2024, 09:06 am IST

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BYD sets record by selling over 400,000 vehicles in September amid new subsidies

BYD sets record by selling over 400,000 vehicles in September amid new subsidies

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By: bloomberg
, updated on: 02 October 2024, 08:55 am

  • Chinese automaker BYD Company set a new record for monthly deliveries by selling more than 400,000 vehicles in September for the first time.
Chinese automaker BYD set a new record for monthly deliveries and sold more than 400,000 electric vehicles in September. While sales are up 46 percent compared to September 2023, total vehicle sales this year stand at 2.75 million. (Bloomberg)

Chinese automaker BYD Co. set a new record for monthly deliveries by selling more than 400,000 vehicles in September for the first time.

Passenger vehicle sales last month stood at 417,603 units, including 164,956 battery electric cars and 252,647 plug-in hybrid models, BYD said in an exchange filing on Tuesday.

This is 46 percent higher than in September 2023, reflecting BYD's strong growth as it dominates its domestic market and increases exports abroad. Of those September deliveries, more than 33,000 units were sold overseas.

Also read: Tesla sales increase after China increases electric vehicle subsidies

BYD's total vehicle sales so far this year are 2.75 million. With three full months left to run, the automaker is looking a long way from its annual target of 4 million units, given that the Golden Week holidays in China have just begun and the Christmas season begins after that.

Beijing's recent announcement of a series of economic stimulus measures to boost disposable incomes could also contribute to a strong finish for BYD, already China's best-selling car brand.

BYD last month lifted its 2024 annual sales target to 3.6 million, Morgan Stanley auto analysts led by Tim Hsiao wrote in a note, citing comments from BYD management. BYD later denied that it had increased its annual target.

Recommended Watch: Can BYD Seal EV bring luxury at an affordable price?

Sales of electric and hybrid vehicles widely in China are also being boosted by a newly increased government rebate of 20,000 yuan ($2,900) for eligible models.

Also Read: Skoda Alroq promising 560 km range makes global debut, likely to launch in India in 2025

Zhejiang Geely Holding Group Co.'s September sales were 201,949 units, up from 166,955 a year earlier. Year-to-date, its vehicle sales now stand at 1.49 million units, up 32 percent.

But the power of those big automakers is hurting the smaller players to some extent.

Great Wall Motor Co.'s September sales were 108,398 units, including 30,129 new energy cars, down 11 percent year-on-year.

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First publication date: 02 October 2024, 08:55 AM IST

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XUV700, Thar and Scorpio N help Mahindra register 24% growth in September 2024

XUV700, Thar and Scorpio N help Mahindra register 24% growth in September 2024

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By: HT Auto Desk
, updated on: 01 October 2024, 09:08 am

  • In September, Mahindra recorded a 16% growth in overall sales, reaching 87,839 units, with SUV sales rising 24% to 51,062.
Mahindra sells only SUVs in the Indian market. The brand is currently preparing to start bookings for the Thar Rocks.

Mahindra & Mahindra reported a growth of 16 percent in September with total sales of 87,839 units. On the other hand, the manufacturer sold 51,062 SUVs in India with a growth figure of 24 percent. Domestic sales of commercial vehicles stood at 23,706.

Mahindra is currently preparing to start bookings for the Thar Rocks on October 3. The brand already has the Vero LCV in the market. According to Vijay Nakra, President, Automotive Division, M&M Limited, “We sold 51062 SUVs in September, a growth of 24% and a total of 87839 vehicles, a growth of 16%. This month we launched the all-new VEERO in the LCV < 3.5 tonne segment based on India's first multi-energy modular CV platform. With best-in-class mileage, exceptional performance, industry leading safety features, superior passenger safety and premium cabin experience, VEERO is set to disrupt the LCV<3.5ton space and has received an overwhelmingly positive response from the market. As we enter into the festivities of Navratri, we are opening bookings for the much-awaited Thar RoXX on 3rd October.''LC

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First publication date: 01 October 2024, 09:08 am IST

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Lewis Hamilton says everything is fine with team after criticism of Singapore GP strategy

Lewis Hamilton says everything is fine with team after criticism of Singapore GP strategy

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By: reuters
, updated on: 30 September 2024, 08:00 am

  • Lewis Hamilton said his focus is on the next race, scheduled for Austin next month.
Britain's Mercedes driver Lewis Hamilton drives his car during the qualifying session of the Singapore Formula One Grand Prix at the Marina Bay Street Circuit in Singapore. (AP)

Seven-time Formula One champion Lewis Hamilton said things were fine between him and the Mercedes team, days after criticizing his tactics during last weekend's Singapore Grand Prix, in which he finished sixth.

The 39-year-old Hamilton had qualified third, but he was disappointed when his team told him to start with the soft tyres, when he wanted to use the medium tires instead.

Hamilton later said at the event, “I tried as hard as I could to go to the medium tyre, but the team suggested I start on the soft…everyone was on the medium tyre.”

Team technical director James Allison admitted the mistake, saying it ruined the race for Hamilton, who is sixth in the championship with 174 points, while Red Bull's Max Verstappen leads with 331 points.

However, Hamilton said on social media on Saturday that the soft tire strategy was a bold and risky move that could have given him an advantage early in the race but it did not pay off.

“I know there was a lot of talking about our strategy last time out and in Singapore, which didn't work. When that happens, it's natural to be disappointed and it's easy for me to voice that disappointment,” Britton said on Instagram. Wrote on the app.

“Make no mistake though, things are good with the team… We're not afraid to have those tricky conversations and challenging moments, which is why we've achieved so much together. We'll support each other to the end “

Hamilton said his focus is on the next race, scheduled for Austin next month.

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First publication date: 30 Sep 2024, 08:00 AM IST

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Indian government may save over ₹60,000 crore on crude oil imports in FY25

Indian government may save over ₹60,000 crore on crude oil imports in FY25

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It is estimated that every US$1 fall in crude oil prices results in annual savings of approximately Rs 13,000 crore on India's import bill.

The Economic Survey for 2024 estimates the average price of crude oil to be US$84 per barrel in this financial year. However, crude oil prices have moderated and are now trading between US$70 to 75 per barrel.

Experts believe that if prices stabilize in this range, India will make substantial savings on crude oil imports in the remaining part of this financial year.

“The Indian government has set a target near US$85, and the current economic package is near US$70/72, indicating substantial gains. Crude oil price expectations for 2025 are muted, with prices near US$80. The dollar is predicted to remain below par, which could lead to gains. Ajay Kedia, Director, Kedia Advisory, said in an exclusive conversation with ANI that the Indian economy will remain sustainable till March 2025.

A large part of India's foreign exchange reserves is used to buy crude. With reduction in import bill, the Indian Rupee may experience appreciation against other major currencies.

Currently, the Indian Rupee is stable at 83.60 against the USD, while many other currencies in the developed world have seen significant declines.

Kedia said, “A fall in crude oil prices to US$75 per barrel will significantly benefit the Indian economy, leading to annual savings of US$15-18 billion on import bill, reduction in inflation and fiscal space for critical investments.” There will be scope.”

Additionally, India's foreign exchange reserves have reached an all-time high of nearly US$689 billion as per RBI data, providing a solid foundation for economic stability.

Strong reserves, coupled with low crude oil prices, will allow the government to spend more on infrastructure and other social welfare measures as well as reduce its borrowings.

But, despite the positive outlook, the government is cautious about passing on the benefits to consumers. Concerns about a possible global recession and RBI's rate cut decision have kept the decision on cutting retail prices of petrol and diesel pending.

Amidst all this, oil companies are earning good profits on the sale of petrol and diesel.

Overall the situation remains favorable for the Indian economy. Strong equity markets, resilient rupee and strong foreign reserves indicate positive momentum, even as global oil prices fall.

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First publication date: 29 Sep 2024, 08:23 am IST

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Google Maps improves lane guidance feature for better navigation experience

Google Maps improves lane guidance feature for better navigation experience

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By: HT Auto Desk
, updated on: Sep 28, 2024, 08:43 am

The latest update to Google Maps on Android Auto enhances lane guidance, including larger arrows and better spacing for clearer navigation. this auto

,

The update is currently only available on Android Auto, but it's possible that the feature may also be introduced to Google Maps on Android smartphones. (HT_PRINT)

Google Maps has now updated its app to make it more useful with improvements to the lane guidance feature for Android Auto. Most of us use Google Maps as our primary source of navigation around the city. A common problem that has been mutually shared by users is difficulty navigating through complex highway interchanges or unfamiliar city streets.

In the new update from Google, Android Auto Maps will now have a new design with larger and more spaced arrows along with the dividers. This will help provide a clear visual representation of the number of lanes available and the correct lane you should use. The update will not only save your time and money but will also help you reduce the time you spend looking at your screen. This reduces the risk of possible death and ultimately makes the app a safe choice.

Also Read: Volkswagen drivers to get AI assistant powered by Google's Gemini

Google Maps: Automatic Updates

This feature will not require additional payment and will be provided free of charge to most users. The update is server-side, which means it will most likely be automatically applied to your Android Auto device. However, it is important to make sure that your Google Maps and Android Auto apps are running on the latest updates to benefit from the feature.

Also read: Biker uses action cam to record stunt, fined 86% traffic fine

Google Maps: Additional Enhancements

Not only this, the latest update of Google Maps on Android Auto also includes several other small but important improvements including immersive view and North American Charging Standard (NACS) support.

  • Immersive View: The Immersive View feature of this update gives users a new 3D perspective of your route, along with the inclusion of traffic simulation and landmarks. This feature helps you better understand and plan your route just before you start driving.

Recommended Watch: Quick Guide: How to Connect Android Auto to Your Car

  • NACS Support: This change mainly concerns non-Tesla users as it adds support for more charging stations on the Android Auto beta version. This allows people to find more EV chargers in the area.

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First publication date: 28 Sep 2024, 08:43 AM IST

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Auto Recap, September 26: MotoGP return, Ola Electric expansion and more

Auto Recap, September 26: MotoGP return, Ola Electric expansion and more

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By: HT Auto Desk
, updated on: 27 September 2024, 08:40 am

  • Check out the latest and key updates from the Indian and global automotive industry.
Image used for representational purposes only. File photo: BYD Company Yuan Pro electric vehicle (EV) during a launch event at Club Monte Libano in Sao Paulo. (Bloomberg)

HT Auto ensures that you stay informed about important developments in both the Indian and global automotive industries. Given the rapid changes taking place in the automobile and motorcycle sectors, we present a brief but comprehensive summary of the key events of September 26.

Ola Electric launches network partner program

Ola Electric has launched a new network partner program that will help the electric two-wheeler maker expand in tier 2 and tier 3 cities. The company has successfully onboarded 625 partners under this initiative to expand its sales presence across India. Additionally, Ola Electric intends to increase this number to 1,000 partners in anticipation of the upcoming festive season. Furthermore, the company emphasizes its goal to expand its network by including 10,000 partners in both sales and service areas by the end of 2025.

(Read more: Ola Electric aims to increase presence in small cities, launches new program)

BYD made one million cars in three months

BYD or Build Your Dreams is the largest manufacturer of all-electric and hybrid vehicles in China. It is now one of the largest EV sellers worldwide, giving huge competition to US-based Tesla. BYD has manufactured nine million vehicles in total so far and that's seriously fast for a company whose roots go back just over two decades. According to data from the Chinese Passenger Cars Association, in 2023, the company will sell 3,024,417 cars worldwide, significantly higher than the 427,302 cars sold in 2020.

(Read more: BYD on steroids? Chinese EV giant makes one million cars in three months)

Petrol and diesel prices may reduce

Margins on retail auto fuel have improved as falling crude oil prices in recent weeks have given state-owned companies the opportunity to cut petrol and diesel prices. Rating agency ICRA said on Thursday, 2-3 per litre.

The price of a basket of crude oil imported by India averaged US$74 a barrel in September, down from about US$83-84 a barrel in March when petrol and diesel prices were last cut. 2 per litre.

(Read more: Petrol and diesel prices may reduce by this much) 3 per litre, says report)

MotoGP to return to India in 2026

As per MotoGP announcement, India is set to host another Grand Prix race at the Buddh International Circuit in Greater Noida. The Fédération Internationale de Motocyclisme (FIM), the International Road-Racing Teams Association (IRTA), and Dorna Sports, the official management body of MotoGP, have confirmed that India will be one of the venues for the 2026 FIM MotoGP races.

Originally scheduled for 2025, these races have been postponed to 2026 due to various technical and operational challenges. Additionally, it was noted that the partnership with InvestUP will continue, as both MotoGP and InvestUP are committed to realizing the Indian Grand Prix and promoting India as a premier destination for international sporting events.

(Read more: MotoGP: Buddh International Circuit India to host another Grand Prix in 2026)

Karnataka government plans tax breaks for hybrid cars, incentives for EVs

The Karnataka government is considering reduction in duty and provision of financial incentives for automotive manufacturers making hybrid and electric vehicles. Additionally, the state administration is considering substantial tax cuts for hybrid cars, with the aim of increasing the sales of eco-friendly fuel technology vehicles within the state. This initiative is in line with the previous announcement made by the Uttar Pradesh government ahead of the Union Budget to make hybrid vehicles more accessible and affordable.

(Read more: Hybrid and electric vehicles will be more affordable in this Indian state. Learn more)

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First publication date: 27 Sep 2024, 08:40 AM IST

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