FADA has reported that these MBOs are acquiring unregistered vehicles in bulk from dealers and reselling them to customers at discounted rates, higher than the prices offered by original equipment manufacturers (OEMs) through authorized dealers, without any commitment to after-sales service.
"With this, the applicants under the scheme can now submit their applications for the testing and certification of AAT products (both OEMs and components), which will help them qualify for incentives under the PLI Auto scheme," the press release said.
New Delhi [India], April 26 (ANI/India PR Distribution): CIMCON Digital, a leading provider of innovative technology solutions has announced the launch of MachineAstro, a powerful new machine-learning platform that promises to transform how machine OEMs approach data analysis and decision-ma
Shanghai [China], April 17 (ANI/PRNewswire): Nexteer Automotive will display a full range of steering, driveline and software technologies at the 2023 Shanghai Auto Show from April 18-27, showcasing how the company, as a global technology leader, solves motion control challenges across all m
Shanghai [China], April 17 (ANI/PRNewswire): Today, Nexteer Automotive announced its Modular Rack-Assist Electric Power Steering (mREPS) system and expanded the Company's cost-effective, modular EPS offerings. Nexteer's mREPS provides flexibility to efficiently meet OEMs' wide-ranging requir
New Delhi [India], April 15 (ANI/NewsVoir): The Green Revolution in the 1960s was a significant event that shaped the destiny of millions of Indians through technology and innovation. A natural shapeshifter, technology is rewriting the history again. It is causing a similar disruptive revolu
Bengaluru (Karnataka) [India], April 14 (ANI/BusinessWire India): SecureThings.ai, a USA based leading Automotive Cybersecurity product company, launched 'xSecureSquadron', a Cyber Assurance Platform that offers a comprehensive solution that handles compliance, provides multi-layered securit
New Delhi [India], March 29 (ANI/PRNewswire): E Ink (8069.TWO), the originator, pioneer, and global commercial leader in ePaper technology, and SuperUs Systems have partnered to drive localization in India for ePaper devices to expand applications and explore new ways to localize ePaper tech
Bengaluru (Karnataka) [India], February 23 (ANI/PRNewswire): iValue InfoSolutions, India's premium technology solutions and services aggregator, today announced their acquisition of ASPL Info Services, a Bangalore-headquartered technology service enterprise revolutionizing businesses with be
New Delhi [India], February 21 (ANI/BusinessWire India): Motorola, in partnership with the Lenovo Foundation, announces the next phase of indigenous language's digital inclusion project with the addition of two new endangered languages - Kuvi and Kangri - spoken in regions of India. This ini
Bangalore (Karnataka) [India], February 13 (ANI/PRNewswire): AXISCADES Technologies Ltd. (BSE: 532395) (NSE: AXISCADES), a leading end-to-end engineering and technology solutions provider, catering to Aerospace, Defence, Heavy Engineering, Automotive, Energy, Medical & Healthcare sectors
The event also provides an opportunity for defence personnel to interact with OEM representatives and gain first-hand experience on the products which are envisaged for future induction into Armed Forces, according to a government release.