MG Motor India has introduced the 100-year Special Edition variants of its well-liked models, Comet, Astor, Hector, and ZS EV in India. Although the models retain their specifications, features, dimensions, and performance, they receive some design modifications like the addition of an ‘Evergreen’ exterior with a starry black finished roof and dark elements throughout. The … Read more
US-based marque Stellantis and Chinese electric vehicle start-up Leapmotor announced on Tuesday a joint venture named Leapmotor International, with Stellantis holding a 51% stake. The venture aims to extend the sales of Leapmotor EVs beyond China and establish production facilities outside the country, leveraging Stellantis’s manufacturing capabilities.This partnership follows Stellantis’s acquisition of a 21% stake … Read more
Minda Corporation Limited, the flagship company of Spark Minda, Friday said it has rolled out one million two-wheeler smart keyless system. The smart keyless system has been designed & developed at the Smart Minda Technical Centre. Ashok Minda, Group Chief Executive Officer at Spark Minda, said, “As a technology-driven brand, Spark Minda continually pushes boundaries … Read more
Kia India, a subsidiary of the South Korean carmaker Kia Motors, has announced a substantial price hike of up to 3 percent on all its mass models, including the popular Seltos, Sonet, and Carens, effective from April 1, 2024. The manufacturer says that this move comes in response to the surge in commodity prices and … Read more
SAIC, MG Motor’s parent company today announced a joint venture (JV) with JSW Group to expand MG’s operations in India. The JV has been officially named JSW MG Motor India Private Limited. The company said that with this JV it will capitalise on the significant opportunities in the Indian automotive sector. JSW MG Motor India … Read more
MG Motor India has recently secured the trademark for ‘Excelor EV’ in the Indian market, sparking speculations about the manufacturer’s plans for a new electric vehicle (EV) launch on our shores. At present, the company has two electric models in its India portfolio, the ZS EV and the affordable Comet. The carmaker filed the trademark … Read more
This article is authored by Suraj Ghosh, Vice President at Minus Zero.With the advent of AVs, the automotive sector will undergo a renaissance. Our estimates, based on the analyses and evaluation of several academic and industry reports, suggest that autonomous driving systems could generate $450 to $600 billion in revenue by 2035 globally. As India … Read more
In recent years, diversity and inclusion have gained significance in India’s automotive and manufacturing sector, with an increasing number of companies wanting to create an equitable workplace. As part of its commitment towards gender diversity, MG Motor India presently runs the ‘Drive Her Back’ initiative, an employment program that aims to empower experienced and qualified … Read more
India’s automotive sector employers are likely to offer double-digit pay increases in 2024, according to a new study, continuing the uptrend of the previous years as they seek to retain good talent. The pay rise is likely to be 10.5% on average for staff of automotive producers and 10% for those working for suppliers, according … Read more
Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim budget on February 1. “We expect capex … Read more