Driven by the strong demand for its new launches, Mahindra & Mahindra beats industry estimates recording a healthy 46 per cent uptick in Q2 FY2023 net profit while its PAT in H1 FY2023 went up by 54 per cent.
Last month, the auto sector cumulatively sold 1,923,032 units in India, witnessing a 6.1 per cent growth compared to 1,810,856 vehicles sold in October 2021. These numbers include passenger vehicles, three-wheelers, two-wheelers, and quadricycles.
The substantial surge in the sales growth of passenger vehicles is primarily attributed to the low base owing to the semiconductor chip crisis last year.
The head of the Berlin engine plant run by Mercedes-Benz has defected to rival Tesla, German union IG Metall said on Wednesday, calling on employees to protest over his departure. IG Metall declined to name the head of the plant, which has been run by Rene Reif, one the most experienced manufacturing executives at Mercedes-Benz who helped expand manufacturing capacity for Daimler in China.
The 2021 BMW iX is the all-new, all-electric SUV from the Bavarian auto giant and is also the brand's new flagship offering that will enter production next year.
China's overall sales stood at 2.02 million vehicles in June, according to data from the China Association of Automobile Manufacturers (CAAM). The country sold 12.89 million vehicles between January and June, up 25.6% from year-ago levels.
Speaking at the 16th annual conference on 'Road Development in India', the union minister said he aims to construct 60,000 km of the world-class national highway by 2024, at a rate of 40 km per day.
The newly installed smart chargers can be accessed by anyone who has an electric car compatible with the CCS2 (Combined Charging System), by registering on Fortum's mobile app.
In India's financial capital Mumbai, petrol is inching towards Rs. 107-mark, currently priced at Rs. 106.93 a litre while diesel rates have increased to Rs. 97.46 per litre.
Tata Motors will provide a Step Up scheme allowing buyers to choose and buy its vehicles with a special low EMI option scheme for the first 3-6 months.