Business News, Economic News, Indian Stock Market News Page 30

Bajaj Auto to set up new captive vehicle finance company

This is the second new company being formed by the company after the proposal to hive off the electric vehicle business unit and place it under a new company

With petrol hitting new highs Maruti Suzuki pushes CNG output

A bulk of the 200,000+ pending orders that Maruti Suzuki has is for the CNG versions

Ford India exit: Auto dealer body FADA calls for protection act

Ford was the fifth brand to stop operations in India after General Motors, MAN Trucks, UM Lohia and Harley-Davidson.

Lumax Group looks at Rs 450 crore capex in FY22-23

Of Rs 450 crore capex that Lumax Group is looking for, about Rs 150 crore would be for building electronic competency and Rs 150 crore for brownfield capacity building. The rest would be dedicated to some joint ventures, says Deepak Jain, Chairman and MD, Lumax Industries.

Japan startup targets supercar users with $700,000 hoverbike

The black and red hoverbike consists of a motorcycle-like body on top of propellers. The machine rests on landing skids when stationary.

Jaguar Land Rover cuts output due to chip shortage

The shutdowns may result in a volume loss of between 5,000 and 7,000

Eicher Motors: Siddhartha Lal’s reappointment as MD brings curtains to two-month long controversy

Siddhartha Lal had been in the thick of the controversy that saw proxy advisory firms raise objections

Elon Musk now more valuable than Exxon’s market capitalisation

Tesla market capTesla CEO Elon Musk took to Twitter to celebrate the EV maker reaching the milestone $1 trillion market capitalisation, besides expressing surprise at the velocity of the share price surge.

Siddhartha Lal's reappointment as Eicher Motors' MD gets shareholders' approval

That apart, payment of remuneration to Siddharth Lal for a period of five years starting May 1, 2021 has also been approved.

Tesla pulls its new Full Self-Driving beta due to software 'issues'

The setback comes as Tesla is under regulatory scrutiny over the safety of its semi-autonomous driving technology and only a day after the beta’s release

Korea's Edison Motors vows Rs 6,300 crore investment if it wins SsangYong

The $260-million offer made by the preferred bidder is nearly the same as M&M’s purchase price inked in late 2010.

Exclusive | Pankaj Munjal’s Hero Cycles plans IPO, fundraising and acquisitions

Hero Cycles is set to buy two overseas companies as it seeks to expand its global footprint

Honda Motorcycle all set to foray into EV segment next fiscal

The company, which sells popular models like Activa and Shine in the country, aims to start feasibility run of the electric scooter with its dealer partners at the end of the festive season this year.

Auto dealer body appeals to Narayan Rane to get Heavy Industries Ministry to fix Ford issue

As per FADA, around 170 Ford dealers (with more than 300 dealership) have been impacted because of this sudden exit decision leading to loss of employment of around 40,000

TVS Motor loses production of 25,000 Apache bikes amid chip shortages

The Apache brand of motorcycles has helped TVS become the leader in not just the 150cc to 200cc segment, but it has become the highest-selling brand in the 125cc to 200cc motorcycle segment as well

Tesla looks to pave the way for Chinese battery makers to come to US

China dominates the production of iron-based batteries thanks to a series of key patents, which have allowed the country to make 95% of the world's Lithium Iron Phosphate (LFP) batteries.

TVS Motor to set up new electric vehicle company, add new EVs

TVS has lined up capex of Rs 750 crore for FY22 which is Rs 150 crore more than the Rs 600 crore planned earlier.

MG Astor sold out within minutes, no stock for 2021

Deliveries of all of the 5,000 units of the five-seater SUV will be completed before December-end

Mahindra XUV700 bookings hit 65,000 in two weeks

The deliveries for the XUV700’s petrol variants will start from October 30 while for diesel variant deliveries will begin from the last week of November

Renault eyes bigger production cut as chip shortage rumbles on

The supply problems would cost Renault, which is set to publish its third-quarter sales on Friday, over a third more than the 220,000 lost vehicles it forecast in early September.

Renault sees bigger production hit from chip shortage: Report

The supply problems would cost Renault, which is set to publish its third-quarter sales on Friday, over a third more than the 220,000 lost vehicles it forecast in early September.

Foxconn sets sights on making EVs in Europe, India, Latin America

TAIPEI Taiwan tech giant Foxconn is looking at making electric vehicles (EVs) in Europe, India and Latin America, including "indirectly" coope..

Chetan Maini’s Sun Mobility raises $50 million from Dutch power trader for EVs

Sun Mobility will have 500 Swap Points in India by end-2022, plans to roll out products to enhance the swap experience, and firm up its share in battery-swapping space.