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.
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.
The company achieved this goal on March 3 and celebrated the milestone amid a lot of fanfare.
The company had sold 59,160 units a year ago, Royal Enfield said in a statement.
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.
The heavy commercial vehicle maker had registered sale of 13,281 units during the corresponding month of last year, a company statement said.
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.
Citroën India launched the much-awaited New Citroën Ë-C3 All-Electric at a special introductory price of Rs 11,50,000 (ex-showroom Delhi). The new E-C3 is available with 13 exterior colour combinations, 3 packs with 47 customisation options.
Tata Motor's Registered Vehicle Scrappage Facility (RVSF) in Jaipur, Rajasthan, is inaugurated by Nitin Gadkari. Watch!
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
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
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.
The new, “digitally innovative” vehicle interior also has offer features like a selfie camera and built-in apps for TikTok and Zoom
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.
The investment will be completed in two tranches and the first Rs 1,200 crore tranche will be completed by June 30, 2023.
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.
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.
The electric two wheeler maker will reopen bookings on February 22 February, 2023 for its newly released RV400 bikes.
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.
Analysts said the automaker may be aiming to cater to individual buyers rather than fleet operators
Mahindra's BE sub brand will constitute only of electric vehicles in its line-up, beginning with the BE 05 EV which is aimed to launch around October 25.
Mahindra brings its Gen3 Formula E race car in the ongoing 9th season of the ABB FIA Formula E Championship, for the first home-race at the Greenko Hyderabad E-Prix on February 11
The Hyundai Ioniq 5 has officially arrived in India, commencing Hyundai’s journey as maker of top-notch, luxury electric vehicles (EVs). Designed like a concept car turned real, it’s long on range, big on power and space and very easy on the eyes. What is the brand’s halo electric offering like in the real world? Watch
In 2022, when the car was launched, the price was kept at Rs 8.49 lakhs.
EV sales is expected to surge on the back of development of charging infrastructure and price parity with internal combustion engine vehicles.
The 2023 Budget has introduced a revised custom duty structure that will alter the price of certain luxury vehicles while making made-in-India EVs cheaper. A detailed analysis of the custom duty structure, what’s likely to get more expensive and what will stay the same - WATCH!
“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.
The affected lot was manufactured between August 8, 2022 and November 15, 2022, the country’s largest carmaker said in a regulatory filing.
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.
Citroën is the latest brand to enter the budget EV space with the new ë-C3. Based on the ICE C3 platform, it gets a modestly-sized battery designed primarily for urban, everyday usage. Sitting somewhere between the Tiago EV and the Tata Nexon EV, the ë-C3 enters a very competitive, but sparsely populated space. Can it rattle established EV players like Tata Motors and make a dent in the EV market?
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.
Chevrolet is celebrating Corvette's 70th birthday with an electrified version of the storied sports car. And it is the fastest production model yet. The Corvette debuted in 1953 at Motorama in New York City. Watch the video to know more!
He calls for government measures to drive consumption in rural India.
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
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.
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.
As much as it is an off-roading icon, the Jeep Grand Cherokee is, first-and-foremost an on-road luxury car. Featuring a monocoque chassis, a 2.0-litre, four-cylinder turbo-petrol producing 400 Nm of torque, the Grand Cherokee’s on-road mannerisms defy convention. We get behind the wheel of the Jeep’s latest, locally-assembled luxury benchmark to see just what it packs.
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.
SwapX is a compact station enabling entrepreneurs to be a part of the EV revolution, via a franchise model
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.
Kia India, one of the fastest-growing carmakers in the country, showcased a glimpse of the future where mobility is more sustainable, innovative, and truly connected. Kia to invest Rs 2,000 crore in India on electric vehicles over 4-5 years.
Vinod Aggarwal, Managing Director (MD) and Chief Executive Officer (CEO) of VECV, in an exclusive interview with Moneycontrol, talks about the products that the company plans to showcase at the Auto Expo 2023. In addition to that, he also talks about the alternative fuel technologies-based commercial vehicles that will be on display at the show. Watch to know more.
Hyundai launched Ioniq 5 EV in India on January 11 at the first day of Auto Expo 2023, in the presence of their brand ambassador Shah Rukh Khan. The Ioniq 5 crossover is priced at Rs 44.95 lakh (ex-showroom) for the first 500 customers.
Both the models are equipped with features such as electrically-adjustable comfort seats, a panoramic sunroof, ambient lighting and 3-zone automatic climate control.
Every manufacturer present at the Auto Expo 2023 will bring something new to the show, be it facelifts, new models, concepts, and of course EVs, given that they are the future of automobile around the world
Apart from electric mobility solutions, the show will feature a new range of ‘Flex’ (flexible fuel) vehicles.
The 2023 model gets a clutch of new tech and safety features
Flex fuel vehicles are modified versions of current vehicles that can run both on pure gasoline and ethanol blended petrol. The sugar industry, which produces ethanol, will be participating in the show
Positioned as India's most tech-loaded car in its segment, MG Hector will be equipped with India’s largest 14” HD portrait infotainment system apart from having 75+ Connected Car Features
There will be 14 SUV unveils or rollouts at the expo, of which 9 will be petrol-powered and six will be EVs. As many as 30 EV manufacturers are participating in the show.