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Experts weigh in on how the discovery of yet another lithium reserve is likely to affect battery prices and lower dependence on China

Hyundai Exter announces pre-booking of the SUV across India

Furthermore, the booking can also be made online by visiting the brand’s e-commerce portal.

The plans to power cars with cooking oils don't stand a chance

There isn't enough of it. Against 200 million metric tonnes of vegetable oil every year, oil production is nearly 5 billion tons. So all the oilseeds in the world can't power vehicles beyond a couple of weeks. And they are needed for human and animal consumption too

India’s EV ambition has a green paradox to deal with

The goal of reducing carbon footprint through adoption of electric vehicles is ironically defeated by the usage of fossil fuels in EV charging infrastructure 

Elon Musk urges entrepreneurs to 'refine lithium' amid EV choke point

Elon Musk urged entreprenuers to shift their focus from creating 'picture sharing apps' to getting into 'heavy industry' such as lithium refining.

Somewhat cheaper Teslas are here but at the cost of gross margins

Thus far, however, price cuts haven’t spurred a jump in sales and inventory has kept on building. Tesla's EV revolution is yet to produce a cheaper model for the masses that is none-the-less very profitable. Getting there will require Tesla delivering game-changing manufacturing efficiencies

EV makers charged up to storm Shanghai auto expo with innovative tech

After Covid hit the world, Auto Shanghai 2023 happens to be the first time when automakers are flying from all across the globe to attend the exhibition as the show's scale was reduced during the pandemic.

Panasonic says it may build EV battery plant in Oklahoma

Panasonic is in talks with other Stellantis and BMW about building a new EV plant in North America, the Wall Street journal reported this month.

SIDBI launches new financing solution for EV space

A detailed discussion with stakeholders revealed that access to adequate finance, including the competitive rate of interest, is a challenge faced by MSMEs (Micro, Small and Medium Enterprises) and NBFCs, catering to the EV ecosystem, SIDBI said.

MC Exclusive | Volvo to roll out EX90 electric SUV in India, aims for 100% sales from e-cars by 2030

While the XC40 Recharge was the first EV launched by the company , the launch of the C40 Recharge is slated for the second half of the year.

Ashok Leyland launches e-marketplace for used commercial vehicles

This is an attempt by the brand to increase transparency in the business of used vehicles.

Audi India announces price hike on select models. Details here

Audi has raised the prices of select models including the Audi Q8 Celebration, Audi RS5, and Audi S5 by up to 2.4 percent.

Suzuki Motorcycle sales jump 49% to 97,584 units in March

The company sold 73,069 units in the domestic market and exported 24,515 units in the previous month, Suzuki Motorcycle India Pvt Ltd (SIMPL) said in the statement.

Royal Enfield total sales up 7% at 72,235 units in March

Domestic sales were at 59,884 units in the month under review, as against 58,477 units in the year-ago month, a growth of 2 per cent, the company said in a statement.

Hyundai Motors posts highest ever sale of over 7.20 lakh units in FY23

Out of this, the domestic sales volume of 5,67,546 was also the highest since inception.

FAME Scheme: Parliamentary panels suggests extending subsidy for EVs by two years

The committee recommended that the government should extend FAME-II scheme “to allow more time to evaluate the effectiveness of the scheme and to make necessary adjustments/modifications to promote EVs.”

IFC to invest Rs 600 crore in M&M’s new last mile mobility company

This investment in Mahindra & Mahindra’s new wholly owned subsidiary last mile mobility (LLM) company will be in form of compulsory convertible instruments at a valuation of Rs 6,020 crore and will result in an ownership of between 9.97 percent and 13.64 percent for IFC in the new company

M&M looking to raise $1.3 billion for new EV Company: Report

Besides hiving off stake in its EV business, the Mahindra Group is also “engaged” with large global private equity (PE), ESG-focused funds, and sovereign funds for long-term investment in its EV business.

Your next Porsche will be *really* expensive

To build on its €100 billion valuation, Porsche needs to show its pricing power isn’t tapped out

Tesla taps Asian partners to address 4680 battery concerns

The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest battery cells, even as the company struggles with battery-related performance and production issues that have helped delay the launch of its futuristic Cybertruck, according to people familiar with the plans.

EVs will increase India's dependence on China for raw materials, battery production: GTRI report

The Global Trade Research Initiative (GTRI) also said that there is a need for life cycle impact evaluation for the EVs sector EVs result in the release of pollutants during battery making, disposal, and charging and about 70 per cent of materials used to manufacture EVs in India are imported from China and a few other countries, it said.

Tata Motors crosses 50 lakh passenger vehicle production milestone

The company achieved this goal on March 3 and celebrated the milestone amid a lot of fanfare.

Royal Enfield sales up 21% in February

The company had sold 59,160 units a year ago, Royal Enfield said in a statement.

TVS Motor records 1.97% dip in sales in February

The city-headquartered company had sold 2,81,714 units during the corresponding month of last year. Total two-wheeler sales in February 2023 marginally fell to 2,67,026 units from 2,67,625 units recorded in the same month of last year.

Ashok Leyland sees 32% jump in sales in Feb 2023

The heavy commercial vehicle maker had registered sale of 13,281 units during the corresponding month of last year, a company statement said.

Tata Motors total vehicle sales up 3% at 79,705 units in February

In the year-ago period, the company’s total vehicle sales stood at 77,733 units. Domestic vehicle sales were up 6 per cent at 78,006 units last month over 73,875 units in February 2022, Tata Motors said in a statement.

Investing Rs 1,200 crore in EV three-wheeler, see huge impending shift in EV space: Renuka Ramnath

Speaking to CNBC-TV18 on February 27, Ramnath said the move “is in line with the company’s focus on the environment conscious sector and emerging sectors” and further noted that will play in the space via the commercial EV segment

Hyundai Verna design leaked – See details, pricing, features & more

A blogger from South Korea posted the leaked images on Naver on February 26, nearly a month ahead of the Hyundai Verna’s scheduled launch on March 21

Auto component replacement demand estimated to grow 6% to 8% in FY24: Report

The improvement in demand has resulted in a positive impact on cash flows for aftermarket dealers and garages while the liquidity remains comfortable, credit ratings agency Icra said in the report.

New Mercedes-Benz E class gets giant touchscreen, selfie camera

The new, “digitally innovative” vehicle interior also has offer features like a selfie camera and built-in apps for TikTok and Zoom

Can Honda Cars end its one-trick pony ride with a new SUV?

For two decades, Honda Cars has relied upon the City to serve as its mainstay in India. But a more SUV-focussed automotive market demands that Honda rethinks its strategy and comes up with a floor plan containing a stronger product line-up, trademark Honda quality and, of course, EVs.

British International Investment to invest Rs 1,925 crore in Mahindra EV arm

The investment will be completed in two tranches and the first Rs 1,200 crore tranche will be completed by June 30, 2023.

Porsche Stuns Private Debt Market With Record €2.7 Billion Sale

The offering this month, which was initially marketed at only €500 million, pulled in about 120 investors including European, Asian and American banks, pension funds and insurers.

A Century of Pure Passion. BMW Motorrad Launches the BMW R nineT 100 Years and BMW R 18 100 Years in India

The first BMW motorcycle, the R 32, was presented in September 1923. This heralded the beginning of BMW motorcycle production and launched an unprecedented success story.

RattanIndia announces low-cost plan for customers to own RV400 electric bikes

The electric two wheeler maker will reopen bookings on February 22 February, 2023 for its newly released RV400 bikes.

Two-wheeler sales cross 1 lakh mark in 45 days this year, but industry body SMEV not impressed

Industry body the Society of Manufacturers of Electric Vehicles feels the number of two-wheeler electric sales for this year are underwhelming and could have been much higher. 

Mahindra rules out introducing electric version of KUV100

Analysts said the automaker may be aiming to cater to individual buyers rather than fleet operators

Tata Motors hikes price of Tiago EV: Check revised price here

In 2022, when the car was launched, the price was kept at Rs 8.49 lakhs.

India among locations being considered for new Volvo EV plant, says CEO Jim Rowan

EV sales is expected to surge on the back of development of charging infrastructure and price parity with internal combustion engine vehicles.

Budget 2023: FM reinforces need for old vehicle replacement

“Replacing old polluting vehicles is an important part of greening our economy. I have allocated adequate funds to scrap old vehicles of Centre and State governments,” stated Sitharaman while presenting the Union Budget.

Maruti recalls 11,177 units of Grand Vitara to fix rear seat belt mounting brackets

The affected lot was manufactured between August 8, 2022 and November 15, 2022, the country’s largest carmaker said in a regulatory filing.

Toyota Kirloskar Motor inducts 2 senior officials as board directors

Their induction to the board is with effect from January 19, 2023, Toyota Kirloskar Motor (TKM) said in a statement. Asazuma is currently Executive Vice President and heads sales, service and used car functions of TKM.

Hyundai Grand i10 Nios facelift launched in India at Rs 5.68 lakh

Hyundai Grand i10 Nios comes with a 1.2-liter engine paired with a manual transmission or an AMT, and CNG is also an option. Additionally, the Grand i10 Nios facelift includes a variety of updates, including AC vents for the rear, wireless charging, type-C USB charging ports, automated climate control, auto headlights, and cruise control.

Up to 30% of Mahindra & Mahindra vehicles will be electric by 2027, says Rajesh Jejurikar

He calls for government measures to drive consumption in rural India.

JBM Auto earmarks Rs 800 core this CY to beef up EV operations

FY 2026-27, the company expects the size of the new bus market to grow to 80,000 to 90,000 units per annum and 50 percent of them to be pure electric vehicles

Domestic automobile industry scaling up efforts to enhance localisation of electric components

In the first half of the current fiscal, imports of auto components grew by 17.2 per cent to USD 10.1 billion (Rs 79,815 crore) from USD 8.7 billion (Rs 64,310 crore) in the first half of 2021-22.

Centre earmarks Rs 2,000 crore to encourage states to scrap old vehicles

In a letter to states last month, the finance ministry said that a new sector road transport has been identified for providing incentive tied to prescribed reforms by states under the scheme.

Tesla extends price cuts to US, Europe to drive demand

The move, which prompted a 4.5% fall in Tesla’s shares in pre-market U.S. trade, came after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower prices to sustain volume growth at the expense of profit.

SUN Mobility unveils two electric mobility solutions - SwapX and S2.1 at Auto Expo 2023

SwapX is a compact station enabling entrepreneurs to be a part of the EV revolution, via a franchise model

Auto Expo 2023 Highlights: From Maruti's two new SUVs to MG Motors' first hydrogen fuel cell MPV, Day 2 sees 23 launches

Auto Expo 2023 Highlights: While Maruti unveiled two new SUVs -- Jimny and Fronx -- in the country, with the 5-door Jimny commencing bookings, MG Motors India launched its new energy vehicle (NEVs) with world’s first hydrogen fuel cell MPV – EUNIQ 7. Here's a look at all updates from Day 2.