Unmasking Truths Unraveling Stories
Unmasking Truths Unraveling Stories
Manufacturing of electric vehicles (EVs) in India will increase its dependence on China for raw materials, mineral processing, and battery production, according to a report of by economic think tank GTRI. The Global Trade Research Initiative (GTRI) also said that there is a need for life cycle impact evaluation for the EV sector. EVs result in […]
Fans of Formula 1 in India have, for many years now, been able to watch F1 races live on Star Sports, and even stream them on the Hotstar app in recent years. However, 2023 brings a significant shake-up in this system, with Star (and Disney+ Hotstar) choosing not to renew broadcast and streaming rights for […]
Tesla is under investigation by US regulators over complaints the steering wheel can fall off certain new Model Y vehicles while they’re in use. The National Highway Traffic Safety Administration said it’s aware of two incidents in which the wheel detached from the steering column while drivers were operating the 2023 model year SUVs. The […]
It’s crunch time at Tesla where Elon Musk is looking to crack the code for making better, cheaper batteries. 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 […]
IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. The announcement follows the resignation of Joshi from Infosys where he was head of the global financial services and healthcare […]
Mitsubishi Motors plans for hybrid and battery electric vehicles to account for all new car sales by the middle of the next decade, beefing up its electrification strategy for staying competitive in key markets. Mitsubishi, which is also a junior partner in an alliance with France’s Renault and Nissan Motor, said it will roll out […]
Hero Electric on Wednesday said it is set to roll out over 10 lakh vehicles annually in the next two to three years from its manufacturing units in India. The company, which launched new versions of its three electric scooter models priced between Rs. 85,000 and Rs. 1.3 lakh, plans to set up a greenfield […]
Italian automaker Automobili Lamborghini plans to deploy hybrid technology in its models in India by the end of 2024 as the Italian super sports car maker aims to halve the emissions from its cars in the coming years, according to a top company executive. The niche player also expressed confidence that the country’s taxation policy […]
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion (roughly Rs. 82,659 crores) and 1.3 billion to accelerate the expansion of its electric vehicle unit, Mint reported on Wednesday. The company plans to raise capital by selling shares in its unit, currently valued at over $9.1 […]
Mahindra & Mahindra on Wednesday said World Bank Group arm IFC will invest Rs 600 crore in a new unit of the company, which is being incorporated to scale up the last-mile electric mobility business. IFC is investing Rs 600 crore in a new last-mile mobility (LMM) company — a wholly-owned subsidiary of Mahindra & […]
Apple is canceling a decadelong effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company. Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not to be […]
Union Road Transport and Highways Minister Nitin Gadkari on Thursday said more than 2.78 lakh electric vehicles have been registered in the country in 2023 calendar year so far. Andhra Pradesh and Madhya Pradesh are in the process of migrating to Vahan portal and hence their data on EV registration is partially included while Telangana […]
Ola could be adding an advanced driver assistance system (ADAS) to its S1 Pro scooter in the premium category. Bhavish Aggarwal, the CEO of Ola, shared a teaser video that showed a small screen, mounted on a metal stand, fixed next to the speedometer of what looks like the orange variant of its electric S1 […]
German luxury carmaker Mercedes-Benz plans to launch four new electric vehicles in India in the next 8-12 months to accelerate its electric mobility drive, Mercedes-Benz AG Head of Region Overseas Matthias Luehrs said on Thursday. The company expects 25 percent of its total sales in India to come from electric vehicles in India by 2027. […]
Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday. VinFast has started building a factory in the southern state of Tamil Nadu and hopes […]
Bharat Petroleum Corporation Limited (BPCL) has announced that it has launched 19 EV fast-charging corridors along 15 highways in Karnataka, Kerala, and Tamil Nadu. At approximately every 100 km on the corridors, one can find an EV fast-charging station, a top BPCL official said at an event here on Friday. “The fast-charging stations have been […]
Electric vehicles energy infrastructure and services provider SUN Mobility on Monday said it has entered into a partnership with online food delivery platform Zomato to power 50,000 electric two-wheelers of the latter’s fleet over the next two years. Under the partnership, SUN Mobility will provide its battery swap solutions for last-mile deliveries with the initial […]
Taiwan-based battery swapping firm Gogoro on Tuesday said it has joined hands with Zomato and Kotak Mahindra Prime to promote fast adoption of electric mobility in the last-mile transportation segment. As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services. “The urban transformation to […]
Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan. The maker of Air luxury sedan last month forecast 2023 production that fell well short of analysts’ expectations and reported a major drop in orders […]
Goyal Aluminiums has plans to invest Rs. 200 crore to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh. The company has been allotted 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project. “Goyal Aluminiums…is gearing up to set up a new electric vehicle manufacturing plant with […]
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement. The Lifelong Group is an Indian company established in 1985 […]
Formula 1 is back for the Australian Grand Prix, the third round of the 2023 Formula 1 season, set to take place from Friday, March 31 to Sunday, April 2. After dominant shows by Red Bull Racing in the first two rounds, competitors such as Aston Martin, Mercedes, and Ferrari will be hoping to narrow […]
Asphalt 9: Legends has added the brand-new Lamborghini Revuelto to its already impressive roster of supercars. The Italian manufacturer’s newest flagship V12 hybrid car was introduced on Thursday, March 30, making Asphalt 9: Legends the first and only video game for now to feature it. Starting today, players can participate in an exclusive challenge to […]
General Motors plans to phase out widely-used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s infotainment systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle’s dashboard display. GM’s decision […]
The Indian EV car market has become very competitive and fiery. You will easily find EV cars in almost every price segment. As of now, Tata Motors holds the leading position in the electric vehicle (EV) market, commanding approximately 70 to 75 percent of the EV vehicle market share. In an effort to maintain its […]
Huawei Technologies is partnering with more legacy automakers to produce Aito-branded electric cars, the company’s senior executive said on Saturday, in a move to expand its presence in the auto industry. Huawei will team up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, Richard Yu, Huawei’s Smart Car […]
Tesla on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4 percent from the previous quarter. This was 36 percent higher than a year ago. In January, Chief […]
Paris will ban electric scooters from September 1, the French capital’s mayor said, after the public voted to remove them from the streets, however e-scooter operators said on Monday they hoped to stop the plan. The e-scooter ban won 89 percent of the votes according to the city hall Twitter account in what was billed as […]
EV charging network provider Statiq on Monday said it has won a contract from public sector oil marketing firm HPCL for setting up over 500 EV chargers across 12 states. Under the contract, the firm will install over 500 chargers, for all types of electric vehicles including two and four-wheelers, at HPCL’s outlets spread across […]
Electric vehicles accounted for nearly 15 percent of all vehicles sold in Delhi in March, according to the data of the transport department. It also stated that 7,926 electric vehicles (EVs) were sold in March, out of which four wheelers contributed to 20 percent of the sale and three wheelers contributed 12 per cent. A […]
Electric passenger vehicle market share doubled in March 2023. According to the Federation of Automobile Dealers Association (FADA), the year-on-year (YoY) market share of electric passenger vehicles has doubled to 2.6 percent in March, against 1.3 percent in March 2022. FADA is the apex national body of the automobile retail industry in India engaged in the […]
Under the flagship initiative of the Delhi government, 100 EV (electric vehicles) charging stations will be established at various metro stations, bus depots and other places across the national capital. On Thursday, Delhi Power Minister Atishi reviewed the project along with the power department officials. During the meeting, Atishi directed the officials of the power […]
Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and […]
Koji Sato, the new president and CEO of Toyota Motor, made his first public speech in a live-streamed news conference on Friday afternoon, according to Nikkei Asia. On this occasion, Vice-President Hiroki Nakajima said the company will release 10 new EV models by 2026, which would amount to about 1.5 million vehicles in sales annually. […]
Volkswagen plans to bring its first electric vehicle in India next year with the launch of premium electric SUV ID.4 to tap the opportunity in the fast-growing electric mobility space in the country, a senior company official said on Tuesday. By 2030, Volkswagen expects 25-30 percent of its total sales in India to come from […]
Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents. A clean energy push by Prime Minister Narendra Modi’s government is expected to significantly change India’s transport industry […]
Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it this year,” said Tesla CEO Musk, speaking […]
Jaguar Land Rover (JLR) will invest GBP 15 billion (roughly Rs. 1,23,200 crore) over the next five years in electric vehicles (EVs) and promised on Wednesday to deliver a new electric Jaguar in 2025 as the British luxury carmaker plays catch-up with rivals. JLR, which is owned by India’s Tata Motors, said in early 2021 […]
Bullish on electric mobility MG Motor India expects 30 percent of its sales to accrue from the electric vehicle segment this year as it gears up to introduce its second offering in the vertical next month, according to the company’s President and Managing Director Rajeev Chaba. The company, which currently sells ZS EVs in the […]
Indian automaker Tata Motors’ electric vehicle (EV) unit on Tuesday said it has reduced prices of its cars by up to 120,000 rupees (~$1,450) in what is the first instance of a price cut by an electric carmaker in the country. Electric variants currently form just 2% of car sales in India, as buyers are […]
Renault on Monday detailed the new software architecture of its future vehicles which it said will be on par by 2026 with that of electric-vehicle industry leader Tesla. The French carmaker, like most automakers, has been living for months under the threat of regular and drastic price cuts from its US-based competitor. In France, the […]
MG Motor India on Wednesday launched its latest model Comet at an introductory price of Rs 7.98 lakh (ex-showroom), making it the most affordable electric vehicle in the country. Comet is the company’s second electric vehicle model after ZS EV. “The Comet EV is more than just a car; it represents our determination to change the way […]
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the […]
A California judge on Wednesday tentatively ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding the safety and capabilities of the carmaker’s Autopilot features. The ruling came in a lawsuit filed by the family of Walter Huang against Tesla in Santa Clara Superior Court, over a car […]
Formula 1 returns after a four-week break for the Azerbaijan Grand Prix, the fourth round of the 2023 F1 Championship. The race weekend kicks off on Friday, April 28, and goes on till Sunday, April 30, with F1 and F2 sessions and races scheduled to take place across the weekend. Red Bull Racing and Max […]
Taiwan Semiconductor Manufacturing Company on Wednesday said it will release new software this year to help customers working on advanced computer chips for cars take advantage of its newest technologies more quickly. TSMC is the world’s biggest contract manufacturer of semiconductors. Many of the automotive industry’s biggest chip suppliers such as NXP Semiconductor and STMircoelectronics […]
Taiwan’s top chip design company MediaTek is focusing more resources on chips for cars and AI computing as its smartphone clients face a supply glut and inflation and macroeconomic uncertainty dent demand for consumer electronics. “We are definitely moving our resources very, very rapidly towards the automotive and computing areas, because those areas will provide […]
Ola Electric on Thursday said it will reimburse its buyers of electric scooters the cost of chargers. In a statement on Twitter, the company said the electric vehicle industry has witnessed unprecedented success in the last couple of years despite attempts from vested interest groups, like the recent narrative on charger pricing. “As a leader […]
Qualcomm said on Monday that it would acquire Israel’s Autotalks, a maker of chips used in crash-prevention technology in vehicles, as the U.S. firm looks to expand its automotive-related business. The company did not disclose the terms of the deal but said Autotalk’s technology would be incorporated into its assisted and autonomous driving product, called […]
Electronic equipment manufacturer Mitsubishi Electric India has decided to set up a new manufacturing unit in Tamil Nadu at an investment of about Rs. 1,891 crore and the foundation stone was laid by Chief Minister M K Stalin here on Tuesday. To set up the factory in neighbouring Tiruvallur district, top officials of Mitsubishi Electric […]
South Korea’s Hyundai Motor on Thursday said it will invest Rs. 200 billion ($2.45 billion) over 10 years in the southern state of Tamil Nadu to increase production and introduce new electric vehicle models. The carmaker, through its Indian subsidiary Hyundai Motor India, will also set up a battery pack assembly unit with an annual […]
The NDMC is planning to increase the number of EV charging stations in Lutyens’ Delhi and even provide battery swapping facilities at some of these points, a senior official said on Wednesday. With Delhi being among the most polluted capitals in the world, the New Delhi Municipal Council (NDMC) has been making a push for […]
Elon Musk’s selection of a new CEO for Twitter may remove a big distraction for the billionaire and allow him to focus more on Tesla, which has been struggling with a drop in demand for its electric vehicles, analysts said. Shares of the world’s most valuable electric vehicle maker, which have gained 40 percent this […]
Last week, South Korea’s Hyundai Motor announced that it will invest $2.45 billion (roughly Rs. 20,000 crore) in Tamil Nadu over the next 10 years to bolster its electric vehicle (EV) production in India. SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV […]
India is a ripe target for electric vehicle firms as the third-largest auto market in the world but due to slow domestic takeup, no Indian company is likely to have a meaningful global share of electric vehicles in the foreseeable future, according to a report by S&P Global Ratings. Asia is set to keep its […]
Billionaire businessman Elon Musk on Monday said he was considering “significant investments in France” as he visited the country for a summit aimed at attracting foreign business leaders. The world’s second richest man, who is the chief executive of electric car firm Tesla, social media company Twitter and cosmic exploration outfit SpaceX, made the comments […]
A group of senior Tesla executives plan to visit India this week to meet with federal government officials in a newfound bid to deepen the carmaker’s supply chain in the country as it pushes to diversify beyond China. The executives are scheduled to meet with government representatives including those from the office of Prime Minister […]
Tesla Chief Executive Elon Musk on Tuesday warned that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk said the Model Y SUV was on track to be the top-selling car globally in […]
Hyundai Motor India on Wednesday said it has tied up with Shell India to install 60 kW fast chargers across 36 of its dealerships in the country. The company has signed a memorandum of agreement with Shell India Markets in this regard, the automaker said in a statement. The strategic partnership aims to increase the […]
Elon Musk on Tuesday said a new Twitter chief executive will let him devote more time to Tesla, but that he will continue to tweet his unfiltered thoughts even if it hurts his businesses. “I don’t care,” the billionaire said during a CNBC interview when asked what he thought of his controversial tweets potentially hurting […]
Luxury carmaker Audi on Wednesday said it has launched an app to help customers of its e-tron range access charging points across the country. The German carmaker has introduced ‘Charge my Audi’ on the myAudiConnect app, an industry first initiative that enhances convenience for customers. The application currently includes five charging partners — Aargo EV […]
Tesla has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s request last year to lower the import tax on cars, […]
Tesla is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk-led US automaker held talks with Indian officials this week on various topics including incentives for […]
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy for electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time. Startup players in the electric mobility space, however, welcomed the government’s decision saying it was time for the EV […]
Electric two-wheeler startup Simple Energy on Tuesday officially launched its maiden electric scooter, Simple ONE, at a starting price of Rs 1.45 lakh (ex-showroom Bengaluru), almost 21 months after its unveiling.However, the model with a 750W charger will be available at a price of Rs 1.58 lakh, the company announced at the launch. The company […]
Formula 1 returns for the Monaco Grand Prix, the sixth round of the 2023 F1 Championship, kicking off the European calendar for the season. The race weekend for F1 starts on Friday, May 26, and goes on till Sunday, May 28, with race sessions including three practice sessions and the qualifying session taking place over […]
Delhi’s Electric Vehicle policy which will complete three years in August has so far achieved around 86 percent of its measures and targets, according to the transport department. Delhi transport department and Delhi Electric Vehicle (EV) cell on Wednesday kicked off the process of drafting a revised ‘Delhi EV Policy 2.0’ with a stakeholder consultation. […]
India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group and […]
German authorities have serious indications of possible data protection violations by Tesla, Handelsblatt newspaper reported on Thursday, citing the data protection office in the state where the carmaker has its European gigafactory. Handelsblatt’s report said the US electric car manufacturer has failed to adequately protect data from customers, employees, and business partners, citing 100 gigabytes […]
Nvidia and MediaTek on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence. Under the agreement, announced at the Computex technology trade show in Taipei, MediaTek will integrate an Nvidia graphic processing unit chiplet and Nvidia software into […]
Formula 1 has long enjoyed a fan following in India, including myself who is a fan of the elite motorsport championship since the days of Damon Hill and Jacques Villeneuve competing for the 1996 championship. Things were naturally a bit less organised and more niche before streaming got popular and the massive influx of new […]
Startup electric mobility solutions provider Mobec Innovations on Wednesday announced its service of offering charging facilities for electric vehicles at customers’ doorstep. Initially, the service will benefit over 2 lakh electric vehicle (EV) users across Delhi-NCR. It can be booked through the company’s app, Mobec Innovations said in a statement. By the end of the […]
Formula 1 returns for the Spanish Grand Prix, the seventh round of the 2023 F1 Championship, following a dramatic Monaco Grand Prix. The race weekend for F1 starts on Friday, June 2, and goes on till Sunday, June 4, with race sessions including three practice sessions and the qualifying session taking place over the weekend, […]
India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs. 130 billion rupees. Tata Agaratas Energy Storage Solutions, a subsidiary of Tata Group, signed a memorandum of understanding on Friday to establish an electric-vehicle battery […]
Hero MotoCorp is gearing up to expand its electric two-wheeler range while upgrading its existing sales infrastructure to enhance premium play as part of its future growth plans, according to its newly appointed CEO Niranjan Gupta. Outlining the company’s three priorities in the mid-term, he noted that it would focus on bolstering its presence in […]
General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of the top EV sellers in the North […]
Apple has reportedly modified its plans to build an electric vehicle (EV) as the company scales back its ambitions for its first car. While the iPhone maker was previously expected to develop and launch a ‘driverless’ car similar to Tesla’s vehicles, it will now focus on launching an EV with a few connected car features, […]
India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters and […]
The Supreme Court on Monday stayed the High Court order by which it had essentially allowed bike-taxi aggregators Rapido and Uber to operate in the national capital by asking the Delhi government not to take any coercive action against them till a new policy was formulated. A vacation bench of Justices Aniruddha Bose and Rajesh […]
Electric vehicle charging companies are cautiously embracing Tesla’s charging technology as the main US standard, mere days after Ford and GM said they were adopting it, but questions remained about how any interoperability would work. The rare agreements between Tesla and each of the two US automakers, who among them control more than 60 percent […]
Toyota Motor said it will introduce high-performance, solid-state batteries, and other technologies to improve the range and performance and to cut costs of its electric vehicles. The Japanese carmaker said it aims to launch next-generation batteries in 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times. It […]
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government’s move to cut FAME II subsidy and support a ‘Green Tax’ on fuel-based two-wheelers. The Ministry of Heavy Industries’ latest decision to cut down FAME II subsidies is likely to disrupt India’s growth […]
E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over the next […]
Formula 1 returns for the Canadian Grand Prix, the eighth round of the 2023 F1 Championship, after a two-week gap from the Spanish Grand Prix. The race weekend for F1 starts on Friday, June 16, and goes on till Sunday, June 18, with race sessions including a weekend warm up, three practice sessions, and the […]
ChatGPT will soon hit the road. Mercedes-Benz on Thursday said US drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16. Compatible with some 900,000 vehicles that have the automaker’s “MBUX” systems, ChatGPT will download over the air after drivers opt in via a Mercedes app or by […]
Tesla is close to achieving fully autonomous vehicles, CEO Elon Musk said during a visit to Paris on Friday, adding autonomy was the “main driver” of the brand’s market value. The company’s shares rose by as much as 3 percent to their highest level in more than eight months. The world’s most valuable automaker, Tesla […]
Japanese automaker Suzuki Motor said on Tuesday it had reached an agreement with SkyDrive to make “flying cars”. The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said in a statement. SkyDrive will […]
BMW India sales have been robust in 2023. Company sustained its exceptional performance by achieving the highest-ever annual sales (January – December) across all three brands: BMW, MINI, and BMW Motorrad. In 2023, BMW sold a combined total of 14,172 cars across the BMW and MINI brands. Additionally, the company achieved sales of 8,768 motorcycles […]
Electric vehicle company Ola on Wednesday said it has commenced construction of its 100GWh gigafactory at its manufacturing facility in Tamil Nadu. The company has installed the first pillar of its cell factory in Krishnagiri, Tamil Nadu today. A gigafactory is a facility where equipment and components related to electrification and decarbonisation technologies are manufactured. […]
The Karnataka government has extended an invitation to business magnate Elon Musk to set up businesses in the southern state. Karnataka’s Minister for Commerce and Industries, Infrastructure MB Patil, in a Twitter post, wrote his state Karnataka is the “ideal destination” for Tesla’s expansion into India. “If Tesla considers setting up a plant in India, Karnataka, with its great potential and capabilities, I must say is The Destination,” he added. “As a progressive state and a thriving hub of innovation and technology, Karnataka stands ready to […]
Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes […]
As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. The popularity of the chemical compound known as LFP is due partly to environmental and geopolitical concerns. But technological advances have also reduced the […]
Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla’s technology, The North American Charging Standard (NACS), adding momentum to CEO […]
Global automakers have touted plans to re-use electric vehicle (EV) batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast doubt on this part of the circular economy. An array of startups offers second-life energy storage using old EV batteries. But creating the viable industry […]
Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla’s technology, The North American Charging Standard (NACS), adding momentum to CEO […]
Alpine F1 team has secured a cash investment of EUR 200 million (approximately Rs. 1,800 crore) from a group of investors, which includes actors Ryan Reynolds (Deadpool) and Rob McElhenney (It’s Always Sunny in Philadelphia). The group, comprising of Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, has acquired a stake of 24 percent […]
Formula 1 returns for the Austrian Grand Prix, the ninth round of the 2023 F1 Championship, after a two-week gap from the Canadian Grand Prix. The race weekend for F1 starts on Friday, June 30, and goes on till Sunday, July 2. This being a sprint race weekend, there are fewer practice sessions and the […]
A dashcam for cars is slowly becoming a necessary accessory in India. Not only is it useful to record video evidence in case of an accident, but also to provide proof when you need to claim insurance or issue a counter-complaint against incorrect traffic tickets. Some might also use a dashcam to record picturesque locations […]
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world’s largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn’s global plans to become a player in the EV industry, after […]
A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying it is “premature,” according to a document seen by Reuters and a source aware of the matter. Reuters reported last week that Texas would require charging companies to include both […]
Kentucky is requiring that electric vehicle charging companies include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky’s plan went into effect on Friday, making it the first state to mandate Tesla’s charging technology, although Texas and Washington states […]
Nasscom has flagged concerns over “unrealistic electrification targets” for EVs in the national capital citing supply constraints, inadequate charging infrastructure, and challenges ahead for cab drivers in its submissions on Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme.Nasscom highlighted that only 0.16 percent of the total vehicle in use in Delhi are currently EVs, […]
Electric car giant Tesla is set to realise fully autonomous vehicles “later this year”, CEO Elon Musk said Thursday, in the billionaire’s latest forecast for the long-anticipated milestone. “In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision,” Musk said via video link […]
Apple’s as-yet untitled movie based on the Formula 1 championship is set to begin filming at the British Grand Prix 2023, which will take place from July 7 to July 9 at the Silverstone Circuit in England. The film stars Brad Pitt as Sonny Hayes, a former driver returning to the sport, and will also […]
Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday. The prices for the electric vehicles would start from Rs. 20 lakh, the report added. Tesla […]
China’s BYD has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an […]
US automaker Tesla on Saturday announced that its first electric pickup — a slick-looking silver Cybertruck — had rolled off the assembly line at its huge plant near Austin, Texas. “First Cybertruck built at Giga Texas!” says a tweet from the company, accompanied by a photo of the futuristic vehicle amid a sea of helmeted […]
Amazon Prime Day Sale 2023 is now in its second day and is available to all Prime members in India. The sale event began on July 15 and will end on July 16. Cardholders from select banks may also be eligible for bonus benefits on certain product purchases. Customers who meet certain payment method requirements […]
Ola Electric Mobility is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021. “I thought it would take me four to six years of revenue to go public,” Founder and Chief Executive Officer Bhavish […]
Right on cue, Tesla skeptics are pushing back after this year’s sizzling $500 billion (roughly Rs. 41,05,550 crore) rally. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the next two years just as Elon Musk appears distracted thanks to his high-profile ventures, from social media and space […]
India’s Tata will build an electric vehicle battery plant in Britain, the company and the government said on Wednesday, in a major boost for a car industry in need of domestic battery production to help secure its long-term future. The company said the factory includes an investment of GBP 4 billion (roughly Rs. 32,800 crore). […]
All new tourist vehicles, as well as cabs and motorbikes provided on rent in Goa will have to be electric vehicles from January 2024, Chief Minister Pramod Sawant said on Wednesday. The Goa government proposes major reforms to promote EVs in the coastal state, Sawant said addressing a side-event organised by the NITI Aayog during […]
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incentives in May. […]
Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he’s been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added. The value of Tesla vehicles […]
Tesla representatives are set to meet India’s commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 (roughly Rs. 20 lakh) car, a person with direct knowledge of the matter told Reuters. Tesla has expressed an interest in building a factory in India […]
Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world’s top five automakers. The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company’s popular phones. […]
Xiaomi’s first launch event explicitly focusing on EV technology will take place later today (December 28). Ahead of it, the electronics brand has posted a teaser on social media offering a glimpse at the company’s first-ever passenger car, an all-electric sedan called the Xiaomi SU7. The SU in the moniker stands for Speed Ultra. The […]
Kia recently launched the 2023 facelift of the Seltos, one of its most popular cars in India. The mid-sized SUV offers an impressive balance of power and comfort, making it just as well suited to the city as on the highway for longer drives. Apart from a refreshed look, the Kia Seltos (2023) also comes […]
A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla and a bid to take advantage of Biden administration subsidies. The group includes General Motors, Stellantis, Hyundai Motor and its Kia affiliate, Honda, BMW and Mercedes Benz, […]
Xiaomi has confirmed that the company will soon unveil its EV or electric vehicle technology. The Beijing-based firm is currently known to be one of the world’s leading smartphone manufacturers. The company said in 2021 that it would enter the electric vehicle market, with the debut of its first such vehicle expected for 2024. Earlier […]
The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “Love it or hate it, it’s a conversation starter, and it gets people talking about the brand,” Tesla Chief Designer Franz von Holzhausen said at the […]
Formula E has broken the indoor land speed world record during a recent duel race taking place ahead of the London E-Prix 2023, the final race of the 2022-23 Formula E season. The successful record attempt took place at the ExCel arena in London, with NEOM McLaren driver Jake Hughes achieving a speed of 218.71km/h […]
China’s BYD has told its India joint-venture partner it would shelve plans for a new $1-billion (roughly Rs. 8,225 crore) investment to build electric cars after its investment proposal faced scrutiny from New Delhi, two people with knowledge of the discussions said. BYD and its partner, privately held Megha Engineering and Infrastructures, submitted a proposal to […]
India’s largest e-scooter maker Ola Electric recorded an operating loss of $136 million (roughly Rs. 1,118 crore) on a revenue of $335 million (roughly Rs. 2,754 crore) in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022-23 loss number of SoftBank-backed Ola Electric, which is […]
Two senior Tesla executives discussed the company’s plans to enter India with officials from the country’s investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The US carmaker has expressed an interest in building a factory in India that would produce […]
As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter. Tesla has been in talks with India for weeks about setting up a factory which will potentially […]
China’s loss in India could be Elon Musk’s gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China’s BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms […]
Citroen C3 Aircross is the latest compact urban SUV to launch in India, going up against strong competition in the segment from various brands such as Kia, Hyundai, Maruti Suzuki, and Toyota, to name a few. The new car, considerably larger than the sub-4m Citroen C3, is expected to go on sale in the coming […]
Tesla’s finance chief Zachary Kirkhorn has stepped down after four years in the role, the world’s most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. The Elon Musk-led firm did not specify a reason for the departure of Kirkhorn, who has been […]
Micromax is looking to enter the electric vehicle manufacturing space in India, according to a report. The New Delhi-based phone manufacturer has faced stiff competition from Chinese brands in the country and reportedly laid off employees across the country, while senior executives have also exited the firm. The developments — including efforts to start making […]
Eicher trucks and buses, a division of VE Commercial Vehicles, on Wednesday said it has entered into a collaboration with Amazon for electrification of the middle-mile and last-mile delivery operations of the e-commerce major in India. Under the collaboration, the company is aiming to introduce up to 1,000 zero-emission electric trucks across various payload categories […]
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million. According to India Electric Mobility Council (IEMC), India Energy Storage Alliance (IESA) has estimated that on discontinuation […]
There is much talk in the automotive industry about the “internet of vehicles” (IoV). This describes a network of cars and other vehicles that could exchange data over the internet in an effort to make transportation more autonomous, safe and efficient. The IoV could help vehicles identify roadblocks, traffic jams and pedestrians. It could help […]
Exponent Energy, an Indian rapid charging startup, is in talks with new and existing investors to raise money to expand its energy services business to three-wheeled passenger vehicles and buses, its chief executive told Reuters in an interview. The maker of electric vehicle batteries that can be fully charged in 15 minutes using its rapid […]
Ola Electric on Tuesday launched its new entry-level electric scooter S1X with an introductory price of Rs 79,999 as it accelerates its challenge to conventional engine counterparts. The company also showcased its four electric motorcycles which will be launched towards the end of 2024. The new S1X electric scooter comes in three variants, S1X (with […]
Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the ‘PM-eBus Sewa’ scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model. The scheme would have an estimated cost of Rs. 57,613 crore out of which Rs. 20,000 crore will be provided by the central […]
Electric vehicle battery-swapping solutions provider Gogoro on Thursday announced a partnership with Swiggy to promote its electric Smartscooters to last-mile delivery partners of the on-demand convenience delivery platform across India. Gogoro and Swiggy will provide a seamless path for riders to adopt sustainable electric transportation and improve their business efficiency, Gogoro Founder and CEO Horace […]
Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 percent of its total car sales in the next three years, growing from the current levels of three to four percent. Mercedes-Benz on Thursday launched the GLC, its new […]
The US Federal Trade Commission (FTC) is expected to open an in-depth probe on Wednesday of Qualcomm’s purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday, citing people familiar with the matter. In May, Qualcomm had said it would acquire Israel’s Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had […]
Xiaomi has won the approval of China’s state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a major step towards the smartphone maker’s goal of producing cars by early next year. The National Development and Reform Commission (NDRC), which regulates new investments and production capacity in China’s auto […]
TVS Motor Company has unveiled its premium electric crossover two-wheeler TVS X targeting the millennials and Gen Z population in India and abroad. Launched at an introductory price of Rs. 2.50 lakh, the electric two-wheeler comes with a high-performance battery pack that delivers 4.44kWh of installed capacity of energy, acceleration of 0-40 kilometre per hour […]
The National Highway Traffic Safety Administration (NHTSA) will resolve its two-year investigation into Tesla Autopilot and could make a public announcement soon, the agency’s acting head told Reuters. “We’ll get to a resolution (of the Tesla probe),” Acting NHTSA Administrator Ann Carlson told Reuters in an interview at the agency’s headquarters. Speaking broadly of advanced […]
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The policy being considered could allow automakers to import fully-built EVs into India at a reduced tax as […]
Chinese smartphone maker Xiaomi reported a 4 percent revenue drop in the second quarter, tracking a shrinkage in China’s handset market, but said its move into making electric vehicles was running ahead of schedule. Sales dropped to CNY 67.4 billion (nearly Rs. 76,450 crore) from CNY 70.17 billion (nearly Rs. 80,650 crore) in the same quarter […]
India’s steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor’s platform — the structural underpinnings of a car on which it is built — to manufacture EVs in India under its own brand name, the sources said, in the company’s second attempt […]
Elon Musk withdrew a loan of $1 billion (roughly Rs. 83,062 crore) from SpaceX – the two-decade-old rocket company run by the billionaire – around the same time he was acquiring Twitter, now known as X, for $44 billion (roughly Rs. 3,65,442 crore), the Wall Street Journal reported on Tuesday. SpaceX approved the $1 billion (roughly […]
India will come up with a new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, the commerce minister said on Wednesday. Piyush Goyal’s comments come as US EV maker Tesla continues talks with Narendra Modi’s administration on the possibility of building a factory in India. Reuters last month reported […]
iPhone 15 series of smartphones was launched on Tuesday with a handful of noteworthy hardware upgrades over the company’s previous models. At its ‘Wonderlust’ launch event, Apple announced a new feature that expands the functionality of the ‘Emergency SOS via satellite’ feature that was introduced with the iPhone 14 series of smartphones last year. Dubbed […]
Tata Motors, India’s biggest electric carmaker, is testing its electric vehicles in some global markets where it could look at a potential launch if the experiment succeeds, its managing director told Reuters. The tests are in early stages and based on how the cars perform, Tata may need to make some changes to the product […]
Volkswagen-owned Audi’s India unit said on Friday that any potential cut down on electric vehicle (EV) import taxes would help the German carmaker experiment better with models and pricing in the world’s third-largest car market. “If we get a window of three to five years where the government is able to reduce the duties, it […]
German luxury car maker Mercedes-Benz India on Friday announced the extension of its electric vehicle charging network to the customers of other brands as it looks to accelerate faster adoption of electric vehicles in the country. The carmaker also launched the top-end EQE 500 4MATIC electric SUV at an introductory price of Rs 1.39 crore […]
Tata Passenger Electric Mobility has recently introduced its new brand identity, TATA.ev, and the company has also incorporated this identity into the facelift version of the Nexon EV. The company has included “gadgetisation” and digitalisation into the new Nexon EV. Gadgets 360 got a chance to sit down with Vivek Srivatsa, Head of Marketing, Sales, and […]
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. India’s electric scooter market is small but growing, with e-models accounting for 5 percent of total scooter and motorcycle […]
India’s Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at $5.4 billion (roughly […]
Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to enter the country. Tesla has been in talks about setting up a new electric vehicle […]
Apple has been launching its regular slate of products — most recently the iPhone 15 series, the Apple Watch Series 9, the Apple Watch Ultra 2, and a refreshed pair of AirPods Pro — without noticeable hitches, but its long-gestating, ambitious electric vehicle faces an uncertain future. Riddled with repeated delays and development problems, the […]
Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy. Reliance, led by billionaire Mukesh Ambani, displayed removable and swappable batteries for EVs that can also be used to power household appliances through an inverter at a renewable energy exhibition. […]
ChatGPT launched last year and took over the world as the most popular AI chatbot. Now, Stellantis-owned DS Automobiles has marked a new feat in this world of artificial intelligence by integrating ChatGPT with its vehicles. With this, DS Automobiles became the first auto company to integrate AI chatbot commands into vehicles. Stellantis announced the […]
More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can’t keep up with soaring EV sales. While EVs accounted for just 2.4 percent of India’s vehicle sales in the first […]
JioMotive, a plug-and-play 4G GPS tracker for cars, has been launched by Reliance Jio. The car tracker is very easy to use as it connects to the vehicle’s OBD (On-Board Diagnostics) port to perform its functions. It can help trace a lot of important functions including the real-time location of a vehicle, driving behaviour as […]
Tesla’s pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel. The Cybertruck, two years behind schedule, enters a hot pickup truck market to compete with the likes of Ford’s F150 Lightning, Rivian Automotive’s R1T […]
