Auto

Tyre makers line up Rs 5,000 crore capex to boost capacity

Tyre companies are gearing up to add capacity in order to meet demand as the economy recovers and demand increases

Tesla's Elon Musk sells $930 million in shares to cover stock option tax

This is the second time in a week that the billionaire has exercised his stock option. Last Monday, he sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.

Piaggio India launches updated version of Aprilia SR scooter range

The all-new Aprilia SR 160 will be available at Rs 1.17 lakh, while the Aprilia SR 125 at Rs 1.07 lakh, Piaggio India, which is the wholly-owned subsidiary of Italian auto major Piaggio Group, announced at the launch event.

As autos go electric, Toyota chases hydrogen dream

The colourful Toyota Corolla Sport that Akio Toyoda steered around the Okayama International Circuit in western Japan was powered by a converted GR Yaris engine running on hydrogen. Making such a powerplant commercially viable could keep internal combustion engines running in a carbon-free world.

Chip shortage to hit Bajaj Auto’s export volumes

Exports are a crucial component in Bajaj Auto’s overall automotive business as more than half of its production is sold overseas

Ashok Leyland in talks with investors to raise funds for EV subsidiary Switch Mobility

The Chennai-based trucks and bus manufacturer has hived off its electric vehicle division to better tap growth opportunities through onboarding of partners

Review: Ola’s electric dreams on two wheels still a work in progress

The Ola electric scooter is yet to be fitted with all of its advertised features and many software updates are pending. Still, it has the potential to be a world-class product

Maruti Suzuki aims to drive in more CNG trims across its product range

The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products.

Auto sales down 25% in October on chip shortage, weak demand

The fall is majorly attributed to the inabilities of companies to match demand with supplies because of crunch in availability of chips

Volvo Car India launches new SUV XC90 priced at Rs 89.9 lakh

This launch completes the company’s commitment of transition from diesel to petrol cars and in the direction of reducing the brand’s carbon footprint globally, Volvo Car India said in a statement.

Tata Motors, Mahindra & Mahindra dodge chip shortage with innovation

Tata Motors and Mahindra & Mahindra have lowered chip usage to reduce the waiting period, which is at 12 months for some vehicles. Tata Motors and Mahindra are estimated to have over 300,000 pending orders.

Mahindra & Mahindra ‘open’ to funding for electric vehicle business once again

This is the second time that the Mumbai-based company is talking about bringing an investor on board for its EV business.

Maruti Suzuki Smart Finance disburses over Rs 6,500 crore automobile loans

Through the platform, the company introduced a multi financier, end-to-end, online car financing solution, with a real-time loan tracking facility for its customers with features such as credit score-based interest rates, pre-approved, and custom generated loan offers from multiple financiers, online documents sharing with real-time loan status tracking.

Royal Enfield appoints Mohit Dhar Jayal as Chief Brand Officer

As the company continues on its journey to become the first global premium consumer brand from India, Mohit Dhar Jayal will lead the creative and strategic thinking for brand and marketing functions to curate and further cement brand and associations in the minds of the global consumer, the two-wheeler maker, which is part of Eicher Motors, noted.

Nissan ties up with Zoomcar, Orix for its vehicle subscription model

The Nissan Intelligent Ownership model is currently available in Delhi NCR, Bangalore, Chennai, Mumbai, Hyderabad and Pune.

Bajaj Auto may set up first electric vehicle plant in Akurdi

The Akurdi plant has been out of action since 2007, after rolling out its last two-wheeler. Bajaj Auto is now seriously looking at resurrecting the factory to drive its EV ambitions

'Maruti Suzuki India keeping close watch on commodities' price movement to fix vehicle prices'

The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak".

Elon Musk tweets to ask if he should sell some Tesla stock

Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hold goes up, even if they don't sell any shares. It's a concept called “unrealized gains,” and Musk is sitting on a lot of them with a net worth of roughly $300 billion

Apple hires former Tesla engineer to boost self-driving car effort: Report

Cupertino, California-based Apple has tapped Christopher Moore for its team working on a self-driving car, the report said.

Honda lowers profit outlook for a second time amid chip shortage

Like other automakers, Honda's production plans have been hit by the chip shortage, with global output in September falling 30 percent from a year ago, even as demand in key markets, such as China rebounds from a pandemic slump.

EV maker Bedeo acquires Protean from Evergrande's auto unit

Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.

Diwali bookings: Hotels run out of rooms as travellers hit the road 

Hotel chains, resorts and short-haul destinations capitalise on a surge in bookings for the Diwali weekend to revise up room rates.

Car buyers cancel bookings as auto companies delay Diwali deadline

While booking cancellations are normal in the automotive retail business, the level of cancellations this year is unusually high, say dealers.

Auto dealer body claims Diwali 2021 is the worst in a decade

Two-wheeler demand, especially for entry level motorcycles, has taken a hit partly due to the pandemic and partly due to rising fuel prices