M&M to list its electric 3-wheeler business by 2027
Mahindra & Mahindra plans to list its electric three-wheeler (e3W) business by 2027, according to comments made by Managing Director and CEO Anish Shah in...
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Tesla will not manufacture in India if not allowed to sell & service cars: Elon Musk
Elon Musk, the CEO of Tesla, has stated that the business will not manufacture electric vehicles in India until it is given permission to sell its services and cars first.
Tata Motors subsidiary to boost its EV unit
TML Smart City Mobility Solutions, the company to bring specific focus to its electric vehicles segment as a service offerings across its portfolio of passenger vehicles.
German court places sales ban on Ford’s internet-connected automobiles amind patent battle
As part of a dispute over the infringement of wireless technology patents, a German court has placed a nationwide sales and production ban on Ford cars that can connect to the internet.
Maruti Suzuki sets aside Rs 5,000 crore in capital expenditure for FY22
"Capex of Rs 5,000 crore is something that we've committed for this fiscal on various projects, including, the new model launches etc," MSI CFO Ajay Seth said in an analyst call.
Maruti Suzuki to set up manufacturing plant in Haryana
Maruti Suzuki to invest over Rs 11,000 crore in the first phase. The company had in discussion with the Haryana state government for investment in a proposed new manufacturing site for its proposed capacity expansion.
Tata Motors Ltd.’s net consolidated loss dips to Rs 992 crore
Tata Motors Ltd on Thursday reported the narrowing of their consolidated net loss to Rs 992crore for the quarter ended March 31, 2022. It is reported that the net loss was of Rs 7,605 crore a year-ago and Rs 1,516 crore in December.
TVS Motors Q4 net profit falls 5% to Rs. 275 crore amid low sales
TVS Motors company limited has stated in it's recent statement about company's net profit has deepened 5% estimating value to ₹275 crore.
CarDekho launches specialized FinTech Platform ‘Rupyy’
CarDekho, India's leading auto-tech company, has launched 'Rupyy', a specialized FinTech platform, which offers a whole new world of financing options to automobile customers and retailers.
Transport Ministry asks manufacturers to recall defective EVs
If any corporation is found to be careless in their methods, Gadkari indicated that a severe penalty will be applied, as well as a recall of all defective automobiles.
Tesla resumes operations at Shanghai plant in China
US electric carmaker Tesla has resumed production at its plant in China's Shanghai after the local authorities had issued a guideline on relaunching business operation following a massive COVID-19 outbreak in the city.
Ola CEO Bhavish Aggarwal met Transport Minister Nitin Gadkari in New Delhi
The Ola CEO had also shown a demo of the S1 Pro electric scooter to the transport minister.
M&M announces termination of deal to sell SsangYong Motor
The reason for the termination of the agreement is cited to be the inability of Edison Motors to pay a certain amount.