Indian Automobile Industry News & Updates
EV ecosystem potential declines, yet India to see 5x growth in green funding by 2030: Crisil
India is likely to see a surge in green investments in infrastructure over the next five years, with an estimated Rs 31 lakh crore expected to come into the sector by 2030, according to a report by Crisil Intelligence released at its infrastructure summit in the capital. Crisil says this investment push aligns with India’s ambitious net-zero goals and the increasing importance of sustainable practices across industries from mobility to energy. However, some sectors like the EV ecosystem need a push – as there has been a decline in investment potential year on year.
India’s December Trade Deficit narrows to $21.94 on higher exports
India’s December trade deficit has come in lower than estimates at $21.94 billion compared to the revised November trade deficit of $32.84 billion. This is primarily on the basis of higher exports and month-on-month drop in overseas shipments. According to a Reuters poll, December trade deficit was expected to be at $27.33 billion
Minda partners Flash Electronics to develop EV platform
Minda Corporation has announced a strategic partnership with Flash Electronics to create the fastest-growing EV platform in the country.
Royal Enfield Classic 650 launch delayed, bookings open
Royal Enfield has delayed the launch of the Classic 650 twin, as per reports online. The Chennai-based motorcycle maker was to announce prices of the Classic 650 twin in India this month, however, reports suggest that Royal Enfield will be announcing prices in February 2025. The Royal Enfield Classic 650 was unveiled at EICMA last year.
2025 Honda Dio launched at Rs 75k: Here’s what’s new
Honda Motorcycles & Scooters has launched an updated Dio in the market at a starting price of Rs 74,930, making it close to Rs 1500 more expensive than the outgoing model, making it close to Rs 1500 more expensive than the outgoing model. It is available in two variants: STD and DLX at Rs 85,648 (both ex-showroom).
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