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  • Tesla’s EV market share may plunge to 11% by 2025: BofA Jul 01, 2022 06:55 AM IST

    Tesla’s EV market share may plunge to 11% by 2025: BofA

    Elon Musk’s company will still be growing as EV sales continue to soar, but its share of the market will fall to about 11% in 2025 from over 70% today, Murphy wrote. Tesla has loyal fans, but the company won’t be able to keep up with the pace of new models coming from General Motors Co., Ford Motor Co. and several foreign automakers.

  • Watch: Tesla buried in water-filled pit to extinguish fire Jun 27, 2022 09:16 AM IST

    Watch: Tesla buried in water-filled pit to extinguish fire

    A Tesla parked at a wrecking yard in Sacramento, California erupted in flames earlier this month.

  • Maruti Suzuki bets on hybrids over EVs in clean shift Jun 27, 2022 07:29 AM IST

    Maruti Suzuki bets on hybrids over EVs in clean shift

    India’s largest automaker reckons that vehicles powered by hybrid technology, natural gas and biofuels present a better path toward a cleaner future than electric cars considering the nation generates about 75% of its electricity from dirty coal, Chairman R.C. Bhargava said in an interview.

  • Hyundai quietly climbs the EV sales charts and Elon Musk notices Jun 27, 2022 06:54 AM IST

    Hyundai quietly climbs the EV sales charts and Elon Musk notices

    Earlier this year, the South Korean carmakers rolled out two new battery-powered cars — the Hyundai Ioniq 5 and its sibling, the Kia EV6 — which promptly tore up the sales charts, passing the Nissan Leaf, Chevrolet Bolt and every other electric vehicle on the market not made by Tesla.

  • Electric mobility startup Matter raises USD 10 million Jun 24, 2022 05:21 PM IST

    Electric mobility startup Matter raises USD 10 million

    The new investors now join the founders and existing investors, including Baring Private Equity Partners, the company said in a statement.

  • Video: Car falls from third-floor showroom during test drive in China, two killed Jun 24, 2022 12:42 PM IST

    Video: Car falls from third-floor showroom during test drive in China, two killed

    China: The incident took place on June 22 at the headquarters of electric vehicle maker Nio in Shanghai.

  • EV startup Mecwin India to set up Rs 50 crore manufacturing plant in Bengaluru Jun 24, 2022 12:09 PM IST

    EV startup Mecwin India to set up Rs 50 crore manufacturing plant in Bengaluru

    The facility will cater to the demand for indigenous mid drive and hub motors along with controllers from EV Original Equipment Manufacturers in India, it said in a statement.

  • Audi CEO Markus Duesmann says to launch electric vehicles only from 2026 Jun 24, 2022 07:19 AM IST

    Audi CEO Markus Duesmann says to launch electric vehicles only from 2026

    Audi's entire offering will be exclusively electric-powered long before 2035, when the European Union plans to effectively ban the sale of combustion engine cars, Duesmann added.

  • 'EV fires will happen': Ola CEO after Tata Nexon EV catches fire in Maharashtra Jun 23, 2022 12:48 PM IST

    'EV fires will happen': Ola CEO after Tata Nexon EV catches fire in Maharashtra

    Following EV fire complaints, Ola Electric had in April recalled 1,441 units of its electric two-wheelers.

  • From China to Chennai? Taiwanese tech manufacturer Foxconn looks to cranking out electric cars in India  Jun 22, 2022 09:28 AM IST

    From China to Chennai? Taiwanese tech manufacturer Foxconn looks to cranking out electric cars in India 

    The Tamil Nadu government is looking to woo the conglomerate to further invest in the state

  • Indian auto component industry seeks to widen revenue streams with EV projects Jun 21, 2022 04:32 PM IST

    Indian auto component industry seeks to widen revenue streams with EV projects

    Auto parts makers are looking at everything from motors and controllers to battery management systems, chargers and charging systems, and remote diagnostics.

  • BS 6 Phase II and CAFE II norms: All you need to know Jun 18, 2022 07:50 PM IST

    BS 6 Phase II and CAFE II norms: All you need to know

    How CAFE II norms and the soon-to-be-implemented BS 6 emission norms will change the automotive landscape.

  • Sona BLW: Does its buzzing order book justify high stock price? Jun 17, 2022 10:49 AM IST

    Sona BLW: Does its buzzing order book justify high stock price?

    It is one of the rare gems in the listed space to play on the megatrend of electrification of vehicles

  • Who’s got it right on EVs: Elon Musk or Warren Buffett? Jun 16, 2022 03:48 PM IST

    Who’s got it right on EVs: Elon Musk or Warren Buffett?

    Berkshire Hathaway-backed BYD is blowing past its competition, and could start supplying batteries to rival Tesla

  • Nunam deploys Audi e-tron's used batteries in e-rickshaws Jun 15, 2022 08:48 PM IST

    Nunam deploys Audi e-tron's used batteries in e-rickshaws

    Nunam, an Indo-German business, has employed Audi's e-tron batteries in its e-rickshaws, which are set to hit Indian roads as part of a trial project early next year, according to a press release.

  • Toyota, slow to move to EVs, says it offers choices to meet customer needs Jun 15, 2022 07:27 AM IST

    Toyota, slow to move to EVs, says it offers choices to meet customer needs

    The world's largest automaker by sales kicked off its annual general meeting on Wednesday under fire from activists and environmentally minded investors for being slow to fully electrify its fleet and not phasing out gasoline-powered cars and lobbying on climate policy.

  • Ideas For Profit | Fiem Industries: Can this auto ancillary stock gain despite industry challenges? Jun 14, 2022 08:38 PM IST

    Ideas For Profit | Fiem Industries: Can this auto ancillary stock gain despite industry challenges?

    Fiem Industries posted a strong set of numbers in Q4FY22, despite significant demand weakness in the two-wheeler industry and commodity-linked cost pressure. Want to know why MC Pro recommends the stock? Watch the video to find out

  • MC Drives: Volvo XC40 Recharge Jun 14, 2022 12:07 PM IST

    MC Drives: Volvo XC40 Recharge

    Can the Volvo XC40 Recharge conquer the luxury EV landscape?

  • Thailand approves $1 billion Foxconn-PTT EV battery JV Jun 13, 2022 01:26 PM IST

    Thailand approves $1 billion Foxconn-PTT EV battery JV

    The Horizon Plus Co project is one of several investment applications worth a total of 209.5 billion baht in manufacturing and infrastructure that were approved on Monday, the Board of Investment (BOI) said in a statement.

  • Omega Seiki enters passenger electric three-wheeler segment, launches Stream at Rs 3.40 lakh Jun 10, 2022 12:06 PM IST

    Omega Seiki enters passenger electric three-wheeler segment, launches Stream at Rs 3.40 lakh

    The company said it has invested around USD 12-15 million in the new product, which aims to cater to domestic and overseas markets demand.

  • Ferrari plots Italian plant expansion for electric vehicles Jun 10, 2022 11:27 AM IST

    Ferrari plots Italian plant expansion for electric vehicles

    The supercar manufacturer has snapped up space near its Maranello plant and started clearing the way for a third production line that will be dedicated to making hybrid and electric vehicles, said the people, who asked not to be identified because the information is private.

  • Buffett-Backed BYD Jumps Ahead of Tesla in Battery Metal Push Jun 08, 2022 05:27 PM IST

    Buffett-Backed BYD Jumps Ahead of Tesla in Battery Metal Push

    The Warren Buffett-backed car producer is also working on plans to deliver a longer-term advantage over competitors, aiming to become more directly involved in the mining of lithium, the raw material that’s crucial for EV batteries.

  • TVS Motor Co launches $300-350 million fund raise process for EV arm; Citi tapped as advisor Jun 08, 2022 03:27 PM IST

    TVS Motor Co launches $300-350 million fund raise process for EV arm; Citi tapped as advisor

    Moneycontrol was the first to report that the firm was looking to tap private equity investors for its electric mobility business on November 9, 2021. Later, in December, TVS Electric Mobility was incorporated as a subsidiary with an investment plan of Rs 1,000 crore

  • Didi in talks to buy a third of China EV maker Sinomach: Sources Jun 08, 2022 12:45 PM IST

    Didi in talks to buy a third of China EV maker Sinomach: Sources

    The deal, if completed, would be a strategic shift for Didi Global Inc into the world's largest EV market and underscore how regulators are easing up on the company.

  • Ola in talks with multiple global suppliers for $1 billion cell manufacturing Jun 07, 2022 03:40 PM IST

    Ola in talks with multiple global suppliers for $1 billion cell manufacturing

    Ola Electric, which is sponsored by SoftBank Group, is in talks with a number of global suppliers to develop a battery cell manufacturing plant in India.

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