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The Chennai-based trucks and bus manufacturer has hived off its electric vehicle division to better tap growth opportunities through onboarding of partners
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The Ola electric scooter is yet to be fitted with all of its advertised features and many software updates are pending. Still, it has the potential to be a world-class product
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The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products.
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Kim Gwang-ho's action led to an agreement last year by Hyundai and its affiliate, Kia, which are among the world's top 10 automakers by sales, to pay a record civil penalty of $210 million.
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The fall is majorly attributed to the inabilities of companies to match demand with supplies because of crunch in availability of chips
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Tata Motors and Mahindra & Mahindra have lowered chip usage to reduce the waiting period, which is at 12 months for some vehicles. Tata Motors and Mahindra are estimated to have over 300,000 pending orders.
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OLA customers to finally experience the much-hyped scooter before they make the final payment.
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This is the second time that the Mumbai-based company is talking about bringing an investor on board for its EV business.
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Through the platform, the company introduced a multi financier, end-to-end, online car financing solution, with a real-time loan tracking facility for its customers with features such as credit score-based interest rates, pre-approved, and custom generated loan offers from multiple financiers, online documents sharing with real-time loan status tracking.
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As the company continues on its journey to become the first global premium consumer brand from India, Mohit Dhar Jayal will lead the creative and strategic thinking for brand and marketing functions to curate and further cement brand and associations in the minds of the global consumer, the two-wheeler maker, which is part of Eicher Motors, noted.
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The Akurdi plant has been out of action since 2007, after rolling out its last two-wheeler. Bajaj Auto is now seriously looking at resurrecting the factory to drive its EV ambitions
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The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak".
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Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hold goes up, even if they don't sell any shares. It's a concept called “unrealized gains,” and Musk is sitting on a lot of them with a net worth of roughly $300 billion
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Cupertino, California-based Apple has tapped Christopher Moore for its team working on a self-driving car, the report said.
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Like other automakers, Honda's production plans have been hit by the chip shortage, with global output in September falling 30 percent from a year ago, even as demand in key markets, such as China rebounds from a pandemic slump.
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Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.
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Hotel chains, resorts and short-haul destinations capitalise on a surge in bookings for the Diwali weekend to revise up room rates.
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While booking cancellations are normal in the automotive retail business, the level of cancellations this year is unusually high, say dealers.
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Two-wheeler demand, especially for entry level motorcycles, has taken a hit partly due to the pandemic and partly due to rising fuel prices
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The Mumbai-based manufacturer of luxury cars, sports utility vehicles (SUVs) and trucks is not looking for a replacement for Guenter Butschek, who stepped down from the MD’s position by the end of June 2021
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With slight improvement in the manufacturing capacity Tata Motors will move to producing half a million units, which would be the third highest in India after Maruti Suzuki and Hyundai
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The company dispatched 10,488 units of Seltos, 5,443 units of Sonet, and 400 units of Carnival last month to dealers.
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The company had sold 68,835 units in the same month last year, HMIL said in a statement.
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The company had dispatched a total of 44,359 units in October 2020.
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The drop in volumes comes amid the industry sitting on a pending orders of more than 350,000 units.
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The company had sold a total of 9,989 units in the same month last year, Ashok Leyland said in a regulatory filing.
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The company’s total dispatches in October 2020 stood at 52,132 units.
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The company, a joint venture between Eicher Motors and Volvo, had sold 4,200 units in the same month last, Eicher Motors said in a regulatory filing.
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The company had sold 1,82,448 units in October last year, MSI said in a statement.
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Skoda Auto India had sold 1,421 units in October 2020, the company said in a statement.
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The model, created to celebrate the collaboration between Ducati Scrambler and the American clothing brand Fasthouse, is powered by an 803cc engine, Ducati India said in a statement.
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The company had sold a total of 13,664 units in the same month last year, Escorts Ltd said in a regulatory filing.
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The company had retailed 3,750 units in the same month last year, MG Motor India said in a statement.
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Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade
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Terming the situation as quite dynamic, the country’s largest carmaker noted in a regulatory filing that as per current estimates the total vehicle production volume across both locations in Haryana next month could be around 85 per cent of normal roll-out.
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Despite significant commodity-linked inflation, Bajaj Auto posted a decent set of numbers for Q2FY22. Bajaj Auto is trading at a reasonable valuation of 17.4 times its FY23 projected earnings. In this video, we highlight the key levers for growth that make Bajaj Auto a compelling story for the long term
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The investment is part of Maruti’s 10-year, Rs 18,000 crore investment plan, which envisages annual capacity creation of 1 million units. This new plant will come up in Haryana, home to Maruti Suzuki since its birth in 1983
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The company, that claims to have tested its HiLoad model for more than 10 lakh kilometres in the last three years, has opened bookings of the vehicle with a payment of Rs 999 on its website or at its experience centres in Delhi and Gurugram.
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Backed by soccer player Keisuke Honda, ALI Technologies hopes to persuade wealthy consumers to swap their supercar for the hoverbike that went on sale on October 26
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Stating that launching an EV would depend on market conditions, Bhargava said at present it is difficult to predict the pricing of electric vehicles, batteries, how the infrastructure is built up and "the costing is not at all in our hands".
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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
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A bulk of the 200,000+ pending orders that Maruti Suzuki has is for the CNG versions
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Ford was the fifth brand to stop operations in India after General Motors, MAN Trucks, UM Lohia and Harley-Davidson.
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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.
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The black and red hoverbike consists of a motorcycle-like body on top of propellers. The machine rests on landing skids when stationary.
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The shutdowns may result in a volume loss of between 5,000 and 7,000
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Siddhartha Lal had been in the thick of the controversy that saw proxy advisory firms raise objections
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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.
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That apart, payment of remuneration to Siddharth Lal for a period of five years starting May 1, 2021 has also been approved.
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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
