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Passenger vehicle retail sales drop 10% in January as chip shortage continues: FADA

The passenger vehicle (PV) sales dropped to 2,58,329 units last month, down 10.12 per cent from 2,87,424 units in January 2021.

Audi weighing local production of EVs in India

With the company deciding to go all-electric globally from 2033, it is a matter of time for local production of its electric cars, which has so far received a robust response in India.

Volkswagen does not see chip shortage ending this year

Carmakers around the world have been hit by a shortage of semiconductors caused by COVID-19 supply-chain disruptions as well as soaring semiconductor demand at consumer electronic companies.

Tesla recalls 817,000 vehicles in US over seat belt reminder alert

The National Highway Traffic Safety Administration (NHTSA) said on Thursday the vehicles, 2021-2022 Model S and Model X, 2017-2022 Model 3, and 2020-2022 Model Y, fail to comply with a federal motor vehicle safety standard on "Occupant Crash Protection" because the chime does not activate. Tesla will perform an over-the-air (OTA) software update to address the issue.

Tata Power to set up EV charging stations at commercial & passenger vehicle zones of Apollo Tyres

Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses.

Hero Electric ties up with Axis Bank to offer retail financing solutions

New Delhi, Feb 3 Hero Electric on Thursday said it has tied up with Axis Bank to offer retail financing solutions for its entire product portfolio. ..

Kia India crosses 1 lakh cumulative export-mark

The automaker has achieved the figure in less than two and a half years, reiterating its commitment to developing India as an export hub, the automaker said in a statement.

Domestic two-wheeler sales dip 21% in January; recovery likely in coming months

The numbers are based on the data released by six major original equipment manufacturers (OEMs), ICRA said in a statement on Wednesday.

Toyota Kirloskar reports 34% drop in January wholesales at 7,328 units

The company had sold 11,126 units in the domestic market in January 2021.

Jet Freight Express deploys electric vehicles in last-mile delivery for e-commerce player

The company in a statement on Monday said it plans to include more EVs to serve multinational companies as part of a global effort to make cargo transportation more sustainable and environmentally friendly.

ABB increases majority stake in Chinese EV charging provider

The financial terms of the transaction were not disclosed.

India to be big market for electric vehicles; company studying feasibility of entering segment: Nissan COO

The alliance on Thursday announced its 2030 global roadmap that focuses on pure electric vehicles (EVs) and connected mobility with 35 new electric cars to be introduced based on five common EV platforms.

Mahindra launches electric three-wheeler tagged at Rs 1.44 lakh

The launch of the e-Alfa Cargo marks the company’s entry into the rapidly growing e-cart segment.

Bentley to produce first fully electric car in 2025

Bentley also committed to investing 2.5 billion pounds ($3.4 billion) in sustainability over the next decade.

Hero Electric partners with ALT Mobility to deploy 10,000 Hero Nyx by 2023

Under the collaboration, the companies will work with logistic aggregators and fleet operators to deploy 10,000 Hero Nyx electric scooters by 2023, Hero Electric said in a statement.

Hyundai Motor expects vehicle production to rebound in H1 as chip supply improves

The shortage will continue in the first quarter due to the spread of the Omicron variant, Seo Gang Hyun said, adding it was the prolonged COVID-19 pandemic in Southeast Asia and resulting chip sourcing troubles that pushed Hyundai’s sales to less than the targeted 4 million vehicles in 2021.

Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week

As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking to deepen cooperation.

FedEx Express commences electric vehicle trials in India

The trial, which is expected to conclude within a month in Bengaluru, will test the vehicle technology within FedEx Express operations, assessing the vehicles’ operational effectiveness on a standard route fully loaded with packages, the company said in a statement.

Steps towards eco-friendly personal mobility

A look at how Volvo Cars is overhauling automotive value chains, and pioneering a future of green mobility.

Tata Motors launches latest range of passenger vehicles in Bhutan

The company said it has launched the product range in association with Samden Vehicles, an authorised distributor of passenger vehicles in Bhutan.

World faces shortage of lithium for electric vehicle batteries

The Serbian government on Thursday cancelled licenses for a major lithium project owned by Anglo-Australian miner Rio Tinto Plc, which industry experts said is likely to prolong the supply shortage to mid-decade.

CESL launches tender for 5,500 electric buses in 5 cities

CESL'S tender value is estimated to be Rs 5,500 crore and the first lot of e-buses are expected to hit the roads by July this year

Hero Electric, Mahindra ink pact to collaborate in EV space

As part of the partnership, Mahindra Group will manufacture Hero Electric’s most popular electric bikes — Optima & NYX — at their Pithampur plant, in Madhya Pradesh to meet the growing demands of the market, the companies said in a joint statement.

Toyota expects annual production target shortfall as chip shortage drags on

Toyota and other automakers have been forced to curb production even as demand in key markets such as China has rebounded.

Skoda Auto Volkswagen names Piyush Arora as Managing Director

Piyush Arora succeeds Gurpratap Boparai who resigned last month.

European new car sales down 1.5% in 2021: ACEA

A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand.

Tata Motors' passenger vehicles to see 'minimal' price hike as carmaker passes on some input costs

"While the company is absorbing a significant portion of the increased costs, the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike," the firm said.

Is Ola Electric halting production of the S1 scooter?

A recent tweet from Ola Electric CEO Bhavish Aggarwal doesn’t reveal the whole picture.

Tesla inks deal to get key battery component outside China

Elon Musk’s company signed an agreement last month with Australia’s Syrah Resources, which operates one of the world’s largest graphite mines in the southern African country. It’s a unique partnership between an electric vehicle manufacturer and a producer of the mineral that is critical for lithium-ion batteries. The value of the deal hasn’t been released.

Mercedes-Benz aims accelerating sales of EVs in India

Mercedes-Benz India plans to bring to the market the locally assembled EQS electric sedan in the fourth quarter of 2022 to add to the all-electric SUV EQC, which was launched as a fully imported unit in October 2020 priced at Rs 1.07 crore

Ola Electric to open final payment window for scooter buyers on January 21

The company, which had last month stated that it has dispatched its electric scooters to all who have purchased in the previous round, will do so for the latest purchase during this month and February

Maruti Suzuki hikes vehicle prices by up to 4.3% to offset rise in input costs

Last month, the company had stated that it has been forced to hike prices due to the increase in cost of essential commodities like steel, aluminum, copper, plastic and precious metals over the last one year

Hero MotoCorp expands operations in El Salvador

The company has a distribution network of over 200 touchpoints, including five company-owned showrooms, 15 dealerships, 85 retail and 26 spare part outlets and service centres across 14 cities in El Salvador, Hero MotoCorp said in a regulatory filing.

EVs Are Carving The Road To Climate Neutrality

An overview on how Volvo is helping to control the environmental cost of production and further limiting it as we move

Making A Sustainable Ecosystem For Sustainability

A study on the ways Volvo Cars isn't only creating climate friendly vehicles but also making it's process sustainable.

Honda Motorcycle launches new bike CB300R at Rs 2.77 lakh

Bookings for the bike are open from Wednesday for the new CB300R at Honda’s exclusive premium BigWing and BigWing Topline dealerships across India, HMSI said in a statement.

Mercedes-Benz to assemble its EQS electric luxury sedan in India

Mercedes, which will be the first global luxury carmaker to assemble electric vehicles (EVs) in India, expects to start selling the locally-assembled EQS in the Indian market in the fourth quarter of this year, Martin Schwenk told reporters.

All major auto OEMs and component makers have applied for production-linked incentive scheme

At least 100 applications have been received so far and CNBC-TV18 confirmed some applicants as Ather Energy, Bajaj Auto, Hero Motocorp, Mahindra Group, MG Motor, Sona Comstar Tata Motors, Toyota Auto Parts and TVS

TVS Motor turns to a professor for its EV push

The association will significantly enhance TVS Motor Company’s battery technology capabilities and strengthen its commitment to offer best-in-class green mobility globally, the company said in a statement.

Northvolt opens Europe's first homegrown lithium-ion battery cell gigafactory

Intended to compete with US electric car giant Tesla and Asian producers of lithium-ion batteries, the factory in Skelleftea assembled its first battery cell late on December 28, Northvolt said.

The Lamborghini Huracan STO marks the end of a glorious era

The Huracan’s last hurrah is possibly its greatest iteration ever

“My immediate priority is to position and sustain Volvo as the leader in luxury e-mobility"

Jyoti Malhotra, the Managing Director of Volvo Cars India, is here to steer the brand to greener pastures. Quite literally.

Auto component industry cautiously optimistic for growth in FY22 despite COVID woes

The turnover of the automotive component industry stood at Rs 1.96 lakh crore (USD 26.6 billion) in April-September 2021, registering a growth of 65 per cent over the first half of the previous year.

HMSI initiates exports of NAVi bike to US market

HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country.

Kia plans to announce EV strategy for Indian market next year

The company, which unveiled its all new model — Carens — for the Indian market, is considering all aspects related to the electric vehicle (EV) segment before coming out with a final blueprint.

ICRA downgrades growth forecast for passenger vehicle industry to 8-11% for FY22

With around 5 lakh units of production lost by various automakers in the passenger vehicles segment due to the semiconductor shortage, ICRA said the earnings loss for the OEMs (Original Equipment Manufacturers) could be around Rs 1,800 crore to Rs 2,000 crore for the ongoing fiscal.

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