The facility will house key functions, including sales, marketing, aftersales, finance, human resources and corporate communications, among others.
Commenting on the development, Gujarat’s Additional Chief Secretary Rajiv Kumar Gupta said the MoU is intended to catalyse a win-win for all the stakeholders and ensure a smooth transition.
In August last year, Musk had said Tesla may set up a manufacturing unit in India if it first succeeds with imported vehicles in the country.
The Ola SPro electric scooter is a new type of electric scooter that was launched by Ola in 2018. It is a powerful and affordable electric scooter that is perfect for commuters.
The company, which currently sells models like Seltos and Sonet in the country, will open the bookings for the electric model on May 26. Only 100 units of the EV6 would be on sale in the country.
The increase in price varies depending on the model in the range of 0.9 per cent to 1.9 per cent.
The model comes with a 1.5 litre petrol engine paired with both manual and automatic transmissions.
The model comes with next generation K-Series engine, advanced transmission, array of sophisticated comfort and convenience features, and bold styling, the auto major said in a statement.
The company had sold a total of 3,69,448 vehicles, including commercial vehicles, in March 2021, it said in a statement.
The price revision has been necessitated to partially offset the impact of increasing commodity prices, the country’s largest two-wheeler maker said in a statement.
The collaboration will allow Ather Energy customers to avail instant loans from the two private lenders at low-interest rates and with a maximum LTV (Loan-to-value), a release said.
The last edition of the biennial automobile show took place in February 2020 amid fears of the spread of the coronavirus across the world.
It was signed ”on March 19, 2022 at India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi,” Suzuki Motor Corporation said in a statement.
S-CNG vehicles are equipped with intelligent injection system. Vehicles are tuned and calibrated to deliver optimum performance and enhanced drivability across all kinds of terrains.
The automaker had dispatched 4,244 units in the same month last year.
The company had dispatched 58,366 units in February 2021.
The model is the off-road-focused version of the Jeep Compass and has been fine-tuned to provide the best blend of on-road and off-road ride comfort and handling.
To mark the milestone, Renault India has also launched a limited edition of the Triber priced at Rs 7.24 lakh (ex-showroom Delhi).
FADA is an apex national body of the automobile retail industry in India representing 26,500 dealerships across India.