New Delhi, April 15 (IANS) The Delhi Government’s draft electric vehicle policy (2024–2030) could drive a sharp uptick in EV sales once implemented but prompt short‑term deferral of purchases, a report said on Wednesday.The draft EV Policy with a government outlay of about Rs 40,000 crore outlines a clear roadmap to accelerate EV adoption, supported by upfront incentives, stringent mandates, and scrappage-linked benefits, the report from Axis Direct said.The policy targets 100 per cent ele…
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New Delhi, April 13 (IANS) The government has proposed a softer set of Corporate Average Fuel Efficiency (CAFE) norms for the 2027–2032 period, offering relief to the domestic auto industry, NDTV Profit reported.According to a revised draft prepared by the Ministry of Power in consultation with the Bureau of Energy Efficiency (BEE), the government has moved away from a rigid target framework in favour of a phased tightening approach. The proposal includes a flatter compliance curve, reducing t…
Seoul, Jan 18 (IANS) Hyundai Motor and its sister firm Kia posted a record combined market share in the United States in 2025, buoyed by expanded local production and strong hybrid vehicle sales, despite Washington’s aggressive tariff measures, officials said on Sunday.The two South Korean automakers sold a combined 1.84 million vehicles in the U.S. last year, accounting for a record market share of 11.3 per cent, according to data from market watcher Wards Intelligence and industry sources, rep…
New Delhi, Jan 6 (IANS) Rural India emerged as the key growth driver for passenger vehicle sales in 2025, outpacing urban markets as demand expanded beyond major cities, data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday showed.The rural passenger vehicle sales grew 12 per cent during the year, compared with an 8 per cent rise in urban areas.Total passenger vehicle sales climbed to 4.47 million units in 2025, up from 4.1 million units in 2024, the data said.The …