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The automobile industry is still not out of the woods and the Reserve Bank of India's (RBI) move to increase the repo-rate by 45 basis points will make vehicle loans expensive, said a top official of the Federation of Automobile Dealers Association (FADA). Comparing the auto sales in April 2022 with that of April 2019 FADA President Vinkesh Gulati said the sector is still not out of the woods as overall retails were down by minus six per cent.

The gap between Tata Motors and market leader Maruti Suzuki is shrinking each month – Tata Motors has registered a surge of 74% in its sales in the month of April 2022, while Maruti Suzuki reported a nearly 6% decline in the same period. On a year-on-year basis, Tata Motors registered a growth of 74% when compared to April 2021, with its sales surging from 41,700 units.

Nitin Gadkari’s road transport ministry has reportedly asked EV makers to not launch any new electric scooter this year. The informal directive comes after several incidents of electric scooters catching fire. Earlier, Gadkari had also warned EV makers to recall batches of faulty electric scooters and threatened to penalise them for failing to do so. So far, nearly 7,000 electric scooters have been recalled, with nearly half of them coming from Okinawa alone.

• Tata Motors has unveiled a new concept electric car that will be launched globally.
• The car has been named Avinya, which stand

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Hyundai Motor said on Monday that its first-quarter net profit rose 17 per cent from a year earlier as an improved product mix and a weak won helped offset the impact of chip shortages. Net profit for the three months ended in March rose to 1.78 trillion won ($1.42 billion) from 1.52 trillion won a year earlier, the company said in a statement.

Electric vehicle companies Ola, Pure EV and Okinawa have announced vehicle recalls in the country. The three companies have collectively recalled nearly 6,700 scooters. This recall comes after Nitin Gadkari’s warning to electric companies and the threat of heavy penalties on negligent companies. The spate of electric scooters catching fire, and in some cases, leading to the death or injury of people has drawn the ire of Union Minister Nitin Gadkari, who the errant electric scooter makers of penalties.

In yet another tragic incident involving an electric two-wheeler, a 40-year-old man has died after a blast occurred in an e-scooter belonging to Boom Motors while being charged at home.

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After Union Road Transport and Highways Minister Nitin Gadkari said in a tweet thread that companies may take advance action to recall all defective batches of vehicles immediately, Hyderabad-based Pure EV said it has initiated the recall of 2,000 e-scooters to check any faults in batteries and chargers. From Ola Electric to Okinawa Autotech, several EV makers are under the scanner for reported fires in their e-scooters.

With increasing incidents of electric two-wheelers catching fire, Union minister Nitin Gadkari on Thursday said the government will issue necessary orders on defaulting companies after receiving the report of an expert panel that has been formed to enquire into the matter. In a series of tweets, Gadkari said several mishaps involving electric two-wheelers have come to light in the last two months.

Niti Aayog, the Indian government’s think tank, has come out with a draft battery swapping policy. Earlier this year, financ...

The vehicle is built on Kia's new dedicated EV platform 'E-GMP' and is pegged to offer premium mobility solutions to its customers. "The brand will only be bringing limited units of the car and bookings of the vehicle will commence on May 26, 2022, followed by its launch soon after," the company said in a statement.

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"Our mission is to enable carbon-free mobility and fasten EV adoption in the country by building a strong charging ecosystem and reskilling mechanics to offer an enhanced EV riding experience. We are positive that this collaboration will broaden our efforts to reach the set objective," Hero Electric CEO Sohinder Gill said in a statement.

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