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The Mumbai-based company will launch one or two electric vehicles every year to have a portfolio of 10 such vehicles before 2025.
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Though Tata Motors managed to reduce its net automotive debt at the consolidated level in FY21, the same ballooned up to Rs 61,300 crore by end of Q1FY22.
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Maruti Suzuki’s sales and capex had fallen sharply in FY21 but this year, bookings for July rose 20 percent over June and company executive say the booking rate is already at 80-85 percent of the Q4FY21 peak
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The Benelli 502C is a touring-oriented middle-weight cruiser based on the same engine platform as the Leoncino 500.
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Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh.
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Kia India topped the four-wheeler mass market segment ranking with a score of 879 while Honda Cars trailed at the tenth spot with a score of 562.
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The Tata Tiago NRG did make a brief appearance back in 2018 but was soon removed after the facelifted Tiago showed up. This little crossover is now all set to make its comeback in an all-new guise. Tata Motors has released a teaser image giving us a very tiny view into what we can expect.
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Auto industry split down the middle on issue of duty cuts on fully built foreign cars
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After the successful pilot project in Bengaluru in collaboration with Uber, Bajaj Auto plans to revive the initiative in the city and expand to other metros such as Hyderabad. The company expects sales of Qute, India’s first quadricycle, to commence in Q4 FY22
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The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market.
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Automobile makers are under pressure as steel has risen 50 percent in nine months and other costs are also soaring, although companies had earlier expected raw material costs to soften
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Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the quarter, up from $104 million in the year-ago period as revenues nearly doubled to $12.0 billion.
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Bajaj will contribute BAIHBV’s 46.5 percent stake in KTM AG to Pierer Mobility AG.
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The Nexon EV saw its highest quarterly sales at 1,715 units in the April-June quarter on the back of an unabated rise in prices of diesel and petrol
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The motorcycles that will be sold under the Triumph brand could start below Rs 2 lakh. The current entry price of the Triumph brand is Rs 7 lakh. This is the first time in its 118-year history that Triumph is collaborating with another company.
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"The EV segment is gaining momentum with positive policy action. With an eye on the future, we are strategically working on developing our future EV products, while we continue to work on our internal combustion engine offerings," Eicher Motors Managing Director Siddhartha Lal said
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Here is a complete round up of all the big news of the automotive space this week
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With the first showroom in 2015, Nexa has touched the imagination of young and aspirational customers and the testimony to this is that nearly half of the customers are under 35 years of age, the auto major said. Nexa has attracted first time buyers, which makes up to nearly 70 percent of its total sales, it added.
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The brand is ready to go all-electric in most markets by 2030. Is India likely to be one of them?
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Diego Graffi explained that the platform used by the RS150 and Touno 150 are dated and cannot be upgraded for want of being price competitive in India.
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All-electric vehicles accounted for 7.5 percent of new car sales in Europe in April through June, against 3.5 percent during that period last year.
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During FY21, the third-largest two-wheeler brand in India sold more vehicles outside India for the first time. Its exports of 2.05 million units were higher than the 1.91 million units sold within India in FY21. Company set to enter four new overseas markets.
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The company is evaluating the full spectrum of possibilities in micro- mobility to performance motorcycles on the electric platform.
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The Ola scooter will be powered by an electric motor that is rumoured to be capable of speeds crossing 80 km/h. Additionally, the scooter is also said to be capable of a total range of close to 130-140 km on a single charge.
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CMD Baba Kalyani says the automobile industry is beginning to see tectonic shifts that may cause stress to part of Bharat Forge's business
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Rajasthan last week became the 16th state in the country to come out with an EV policy that will subsidise customers of electric vehicles by offering to reimburse SGST (State Goods and Service Tax) besides a one-time incentive based on the battery capacity.
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The limited batch of vehicles manufactured between June 21 and July 2, 2021, were fed with contaminated fuel.
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Bookings for the Ola electric scooter began on July 15 at just Rs 499.
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Till today, the Chetak was only available in Pune and Bengaluru and Nagpur is the latest city to have the scooter.
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The Harley-Davidson Sportster S was unveiled earlier this week and while many speculated it would be called the Custom 1250, the company announced the name just days before the launch.
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Here is a complete look at what has made headlines in the automotive space this week
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Tata Power also said the partnership will play a strong role in encouraging EV owners to charge their EVs across various petrol pumps.
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Toshihiro Mibe's comments reflect the pressure on the global auto industry to share technology and costs to meet demands for cleaner vehicles. He has assumed the top role at Japan's second-largest automaker at a time of a growing shift in automobile technology to electric vehicles (EVs) and autonomous driving.
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The company said that a 50 percent of battery capacity could give you about 75 km suggesting that the total range could be around the 150 km-mark.
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The OLA Scooter is expected to be capable of speeds of up to 80 km/h. The range, too, is expected to be fairly high at about 240 km on a single charge.
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The customers buying the SUV in this year will receive two chargers a 11kW compact charger and an additional wall-box AC charger that can be set up at the customers preferred location, Audi India said in a release.
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Three of India’s top electric two-wheeler makers, who control more than 85 percent of the domestic market, have seen their retail numbers grow by 1.5-2 times in the last few weeks
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Out of the 21 operational EV chargers, 4 are 15 to 50kW DC fast chargers. These are said to be capable of charging EVs from 0 to 100 percent in just 45 minutes.
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June 2021 saw sales of the electric SUV increase to 650 units, the highest since its launch in January 2020.
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Total sales of passenger vehicles, two and three-wheelers and quadricycle rose to 1.32 million units in June as against 1.14 million units sold in the year-ago period in the domestic market
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The announcement came a day after M&M launched the new SUV built on third generation chassis shared with Scorpio and Thar, with the Mahindra mHawk engine.
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Singh said another target laid down in the new policy was to establish one gigawatt of battery manufacturing capability in the state.
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The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board of directors into depleting the company's assets with the $2.6 billion all-stock deal for SolarCity.
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Hero Electric MD Naveen Munjal says that while the family pact allows them to enter any business segment, there is a strong non-compete clause for brand usage
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Mumbai airport's cargo facilitated the movement of approximately 360 tonnes of automobiles, handling over 180 cars between April 2020 and May 2021. Prior to COVID-19, pharma goods had the largest share of airport shipments at 26 percent while automobiles had 23 percent.
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With the emergence of electric cars and automated vehicles, upskilling and reskilling are important to ensure that auto company employees are appropriately trained to work in an industry that’s increasingly using artificial intelligence and machine learning
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On Monday in the Delaware Court of Chancery, the Tesla CEO will testify about the $2.5 billion deal in a shareholder lawsuit that alleges that Tesla’s acquisition was rife with conflicts of interest, overlooked SolarCity’s fundamental weaknesses and unsurprisingly failed to produce the profits Elon Musk had promised.
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The new colours along with the black replacing the chrome are all finished in matte giving the bike a more rugged look overall. The icing on cake is the insignia that takes centre stage on the fuel tank.
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Along with the launch of an electric two-wheeler this year, Hero MotoCorp will explore new business models such as EV batteries and charging networks apart from battery as a service and vehicle as a service.
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Hero Electric will invest at least Rs 700 crore to raise annual production capacity to more than 1 million units over the next four years form around 75,000 units per year presently
