As his vehicle landed on the porch of the historic building that houses the bicameral legislature, he was presented with a bouquet by Transport Department Principal Secretary Sanjay Agarwal.
Shared mobility is in for a renaissance – this time, electric is the catchword. Softbank’s latest funds infusion bears testimony to that
Tesla said its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly payments thereafter, but they will not have the option to buy the car at the end of the lease.
Salil Parulekar has been charged with nine counts of wire fraud and one count of aggravated identity theft. If convicted, the maximum penalty for each count of wire fraud is twenty years' imprisonment and a USD 250,000 fine.
The environmental campaigner, who has already installed solar panels on royal roofs and switched to low-energy light bulbs, will be handed the keys to the new 60,000-pound Jaguar I-Pace next week, the Sunday Times reported.
The plant will have a production capacity of 150,000 cars a year and be able to make both electric and combustion engined vehicles.
Hyundai Motor India Ltd (HMIL), which has sold 8 million vehicles cumulatively in the country in 20 years of operations, is also targeting to cross the 10 million milestone in the first quarter of 2021. With plans to bring eight new products between 2018 and 2020, HMIL is also increasing its annual production capacity to 7.5 lakh units from January next year from 7 lakh at present.
The announcement builds on Volvo Cars’ 2017 industry-first announcement that all new models released from 2019 will be available as either a mild hybrid, plug-in hybrid or battery electric vehicle. Volvo currently sells the XC90 T8 Excellence as the only electric-hybrid car in India.
BAIC Group's announcement at the Beijing auto show, the industry's biggest sales event of the year, came as Nissan unveiled its first electric car designed for China while General Motors displayed Buick SUV it says can go 600 kilometres on one charge.
Japan's No. 2 automaker and its rivals are planning to crank up development and production of electric cars in response to tightening emissions regulations around the world, even as demand for such vehicles remains limited due to their high cost and limited charging infrastructure.
Munich-based BMW unveiled its first battery electric car in 2013, and has been working on different generations of battery, software and electric motor technology since then.
The minister said the government wants to encourage adoption of electric mobility by changing people's mindsets and cooperation of the automobile industry.
A person familiar with the matter said the new potential partnership is about looking at the possibility of supplying all-electric battery car models for Didi's new service.
Hubertus Troska, head of Daimler's greater China operations, told reporters that the investment was part of Daimler's previously announced 10 billion euros ($11.8 billion) global green car initiative.
Tenders to procure 10,000 high-performance electric cars have already been announced, and the government is expected to invite bids for 50,000 electric three-wheelers from the original equipment manufacturers by the end of this year.
The driver's "overreliance" on the Tesla system -- designed as a semi-autonomous diving system to be used with a human operator -- permitted "prolonged disengagement" that led to the collision with the freight trailer, the National Transportation Safety Board report said.
Those robust returns, however, have shrunk as a strong reservoir of cash ready to deploy in the riskiest areas of the high-yield fixed income market has pushed them to near their lowest levels in three years. That has given junk-rated issuers such as Elon Musk's U.S. car company the opportunity to raise cash cheaply.
The debt offering marks Tesla's debut in the junk-bond market and the company will start road-shows on Monday, IFR reported, citing lead bankers on the deal.
Current electric vehicles (EVs) typically have a range of just 300-400 kilometres (185-250 miles) and need 20-30 minutes to recharge even using fast chargers. By using all-solid-state batteries, which can store more energy and can recharge more quickly than lithium ion batteries, Japan's top automaker would be removing the two key shortcomings associated with EVs today.
The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here.
Mahindra's exit from the UK comes less than a year after it launched the e2o car in a market it considered a launch-pad for selling electric cars in Europe, especially to countries like Norway, Sweden and the Netherlands.
The government has withdrawn incentives given to mild hybrid vehicles under FAME India scheme, impacting the country's largest carmaker Maruti Suzuki India the most.
Mahindra group-owned automotive design firm Pininfarina has inked a pact worth 65 million euros (around Rs 460 crore) with Hong-Kong listed Hybrid Kinetic Group for developing an electric car.
Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch.
"Hoping for summer this year," Musk tweeted in a reply to a query on by when Tesla could launch its vehicles in India.