The Union Budget 2023 has allocated Rs 10 lakh crore for capital investments and Rs 79,000 crore for affordable housing. This increase of 33 percent bodes well for commercial vehicle demand, especially for heavier multi-axle vehicles and tippers, industry experts believe. Furthermore,...

Finance Minister Nirmala Sitharaman’s Budget has brought optimism and relief to the Indian automobile industry’s green players. The Budget has funded numerous programmes for green energy, green farming, green transportation, green equipment and energy efficiency policies across multiple economic sectors....

Expectations will be running high from the upcoming Budget with the automotive industry unitedly expecting a harmonisation of the goods and services tax (GST) on various automotive components, and the move could give a huge demand-generation push to the sector....

Alleging tyre manufacturing companies to be working under a cartel for keeping the cost of tyres high, the All India Motor Transport Congress (AIMTC) – a lobby group representing approximately 75 lakhs truckers and around 5 lakh private bus operators,...

Charging infrastructure is extremely critical to ensure the healthy offtake and success of electric vehicles which have started to grab the attention of the Indian customer looking to buy either an electric vehicle on two or four wheels. A number...

While electrification is on the rise across vehicle categories in the Indian market, the electric bus (e-bus) segment has particularly seen a sharp growth in the recent past owing to various state transport undertakings (STUs) placing big orders for greener...

The commercial vehicle (CV) segment which is the barometer of a country's economy is witnessing green shoots in India with the government's relentless push to drive infrastructure development by rapidly building new networks of highways and expressways. While the macro-economic...

For Continental India, the domestic arm of German Tier-1 major, the upcoming Union Budget 2023-24, holds a lot of potential to spur growth in India's evolving electric mobility segment. The company also expects the government to give policy thrust for...

Country's No. 1 luxury carmaker - Mercedes-Benz India - which registered its best-ever year in India in 2022 by selling 15,822 units (+41%), is keeping a close watch on the Budget 2023-24 that is set to be revealed on February...