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Articles of Carandbike Team
Two-Wheeler Sales April 2022: Royal Enfield Registers 10 Per Cent Rise As Sales Stabilise
The growth numbers finally show a road to recovery for Royal Enfield after sales were consistently below expectations during the last financial year (FY2021-22).
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TVS NTorq 125 XT Launched; Priced At Rs. 1.03 Lakh
The TVS NTorq 125 XT boasts of first-in-class features like advanced voice assist (SmartXtalk) as well as social media, news and weather updates (SmartXtrack).
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Auto Sales April 2022: Ashok Leyland reports 42 per cent growth in overall sales
Domestic sales grow 41 percent on the back of strong demand for medium and heavy commercial vehicles.
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Two-Wheeler Sales April 2022: Hero MotoCorp Sales Register 12 Per Cent Growth
Hero MotoCorp said that with the economy gradually opening up and continued government policy support, April volumes indicate the continuously improving consumer sentiments.
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Maruti Suzuki Beats Margin Expectations On Boost From Price Hikes
Maruti Suzuki beat estimates for quarterly profit margins as a string of price hikes and lower sales promotion expenses helped it offset the impact of higher raw material prices and global chip shortages.
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Musk Sells Tesla Shares Worth $8.5 Billion Ahead Of Twitter Takeover
Elon Musk sold $8.5 billion worth of shares in Tesla, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc.
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Chip Startups Using Light Instead Of Wires Gaining Speed And Investments
Computers using light rather than electric currents for processing are gaining traction and startups that have solved the engineering challenge of using photons in chips are getting big funding.
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Tata Motors Maps Out Long-Range EVs For India And Beyond
Tata Motors plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond.
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Twitter Deal Could Bolster Lawsuit Over Musk's $56 Billion Tesla Pay
Elon Musk's $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.
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Musk Told Banks He Will Rein In Twitter Pay, Make Money From Tweets - Report
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.
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India's Vedanta In Talks To Raise Up To $3 Billion Debt In Semiconductors Push
Vedanta is in talks with banks to raise debt of $2.5 billion-$3 billion to bolster its semiconductor and display manufacturing plans
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Shell Buys Indian Renewables Firm Sprng Energy For $1.55 Billion
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
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Volkswagen Group China's Component Factory In Tianjin Resumes Some Shifts
The component factory VW Automatic Transmission Tianjin had been closed since Monday last week, Volkswagen Group China said earlier.
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European New Car Sales Down 1.5% In 2021: Report
A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand.
Read More →Vedanta To Create $10 Billion Fund To Bid For BPCL Stake, Other Assets
Vedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).
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Hyundai Motor Partners With Quantum Computer Firm IonQ For Battery Development
The partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs, and safety of lithium batteries, IonQ said.
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Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: Report
Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.
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Toyota Needs To Build 1 Million Cars In March To Reach Annual Target
Toyota has been trying to increase production in the final months of the business year to make up for output lost earlier because of a shortage of components from plants in Southeast Asia hit by COVID-19 lockdown restrictions.
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Reliance, Ola Electric, Mahindra Bid For Incentives Under India's $2.4 Billion Battery Scheme
India wants to establish a total of 50 gigawatt hours (Gwh) of battery storage capacity over five years, which it expects will attract direct investment of about $6 billion.
Read More →VW Sales Hit 10-Year Low In 2021, BMW Races Ahead
The Volkswagen brand saw an 8.1 per cent drop in sales to just under 4.9 million units, with the biggest fall in China at 14.8 per cent, although battery-electric vehicle sales in the country quadrupled.
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