scheme

China EV manufacturers Zeekr, Neta inflated automobile gross sales utilizing insurance coverage scheme

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[ad_1] Neta inflated gross sales of over 60,000 vehicles between Jan 2023-March 2024-documents Scheme enabled firms to e-book gross sales early to satisfy aggressive targets China’s auto trade has been roiled by cutthroat competitors, prompting regulatory concern July 19 – Chinese language electrical car manufacturers Neta and Zeekr inflated gross sales in recent times to … Read more

Hero MotoCorp will get approval for PLI-Auto scheme

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[ad_1] New Delhi: Hero MotoCorp Ltd, India’s greatest two-wheeler maker by gross sales, has acquired approval for its electrical scooter to be part of the ₹25,938 crore production-linked incentive scheme for vehicles and auto components (PLI-Auto), based on the scheme’s portal. The approval from testing businesses got here on 8 July for the VIDA V2 … Read more