BYD said it would launch a new premium brand in the first quarter of 2023 under the name Yangwang, with its first model slated to be an off-road vehicle.
India wants countries to agree to phase down all fossil fuels at the COP27 climate summit in Egypt, rather than a narrower deal to phase down coal as was agreed last year.
The Nashik-based manufacturer has been in the business since 2016 and is all set to go big as it plans to increase network coverage as well as production capacity.
Mahindra recorded a year-on-year (YoY) sales growth of 21 per cent in September 2022 selling 48,713 units of tractors as compared to 40,331 units sold in the same month a year ago.
Kareena Kapoor Khan took delivery of her new Mercedes-Benz S-Class while Saif Ali Khan decided to bring home the mighty Jeep Wrangler. The kids in both these cars were seen not wearing seatbelts or strapped to a child seat.
Other automakers, including General Motors Co and Tesla Inc, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.
Earlier last year, the unit had raised $1 billion (758 million pounds) from a consortium of investors including SoftBank, that valued it at $7.25 billion.
Approximately 35 billion Euros will be spent on battery-electric vehicles. A further approximately 11 billion Euros has been earmarked for the development of hybrid vehicles of existing models.
Velodyne expects automotive-grade mass manufacturing to be under way by the second half of 2021 and that the devices could show up in vehicles in 2022 or 2023.
This strategic partnership with Ki Mobility Solutions will help JK Tyre increase its market share across two-wheelers, passenger cars and commercial vehicle segments.
Goa plans to subsidise 10,000 electric two-wheelers, 500 electric three-wheelers and around 500 electric four-wheelers. Overall, the annual subsidy on electric vehicles will not exceed Rs. 25 crore.
At the inauguration event, the union minister emphasised the importance of alternate biofuels for the diversification of agriculture towards the energy and power sector.
Mahindra has announced the launch of its new range of Supro Profit Trucks in India. Offered in two options - Supro Profit Truck Maxi and the Supro Profit Truck Mini, the new range specifically targets the cargo segment, and Mahindra claims that it boasts of a greater payload capacity and higher mileage that assures higher profit to the customers.
In the national capital Delhi, petrol has breached Rs. 101-mark, retailing at Rs. 101.19 a litre, after a hike of 28 paise, while diesel dropped to Rs. 89.72 a litre after a marginal reduction of 16 paise.
Maruti Suzuki India says that the price hike is mainly due to the increase in various input costs. The new prices will come into effect from today, July 12, 2021, and the announcement regarding a price hike for other models will be announced soon.
The fresh investment comes from Gulf Islamic Investments (GII) and OAKS and will be used directed towards expanding production capacity, consolidating market position, investing in future technology and reaching out to new markets.
Foxconn and electric car manufacturer Fisker Inc said in May that they had finalised a vehicle-assembly deal. They did not identify a location, but Fisker's CEO said Foxconn's Wisconsin site was a possibility.
