scheme

Hero MotoCorp gets approval for PLI-Auto scheme

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New Delhi: Hero MotoCorp Ltd, India’s biggest two-wheeler maker by sales, has received approval for its electric scooter to be a part of the ₹25,938 crore production-linked incentive scheme for automobiles and auto parts (PLI-Auto), according to the scheme’s portal. The approval from testing agencies came on 8 July for the VIDA V2 Pro model, … Read more

China EV brands Zeekr, Neta inflated car sales using insurance scheme

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Neta inflated sales of over 60,000 cars between Jan 2023-March 2024-documents Scheme enabled companies to book sales early to meet aggressive targets China’s auto industry has been roiled by cutthroat competition, prompting regulatory concern July 19 – Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta … Read more