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Reuters
Dec 31, 2022, 12:04 PM
Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.
1 Min
Reuters | Dec 31, 2022Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV PlantMahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.1 min read
Reuters | Dec 31, 2022China's CATL To Provide EV Batteries For Honda Starting In 2024CATL would supply batteries for seven years for Honda's electric vehicles in China.1 min read
Reuters | Dec 31, 2022Swedish Self-Driving Truck Start-Up Einride Raises More CashEinride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.1 min read
Reuters | Dec 31, 2022Toyota Launches Second Hybrid Vehicle In India Amid Green Car PushToyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.1 min read
Reuters | Dec 31, 2022Japan Lawmaker Says TSMC Is Considering Second Plant In JapanA senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.2 mins read
Reuters | Dec 31, 2022Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%1 min read
Reuters | Dec 31, 2022U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit UseThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.2 mins read
Reuters | Dec 31, 2022Oil Muted As Price Cap Proposal Eases Supply ConcernsA bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.2 mins read
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Car News
Sidharth Nambiar | Jun 7, 2023Maruti Suzuki Jimny 5-Door Launched At Rs 12.74 LakhThe SUV is available in two variants- Zeta and Alpha, both of which are available in automatic and manual transmission options2 mins read
Jafar Rizvi | Jun 6, 2023Honda Elevate: All You Need To Know About Honda's New Compact SUVThe Tapukara plant in Rajasthan will be the manufacturing hub for the Honda Elevate.3 mins read
Jafar Rizvi | Jun 6, 2023Nissan Magnite Achieves 1 Lakh Production MilestoneIt took the company nearly 3 years to achieve this milestone1 min read
car&bike Team | Jun 6, 2023Sachin Tendulkar Adds The Lamborghini Urus S Worth Rs 4.18 Crore To His GarageAmong his various luxury car collections, the Urus S stands out as his first Lamborghini5 mins read
Amaan Ahmed | Jun 6, 2023Honda Elevate Compact SUV Unveiled In India Ahead Of October LaunchThe first compact SUV to wear the Honda badge in India, the Elevate will be offered in petrol and strong hybrid forms.4 mins read
Electric Mobility
car&bike Team | Oct 26, 2020Geely's New EV Plant Will Build Premium Polestar Cars: ReportAn electric vehicle (EV) factory planned by Chinese automaking group Geely will produce cars under the premium Polestar marque, two people with direct knowledge of the matter told Reuters on Monday.1 min read
Sahil Gupta | Oct 23, 2020Tesla Crushes Q3 2020 Earnings With $800 Million ProfitImportantly for Tesla, this means it has even more cash on hand. It has $14.5 billion in cash1 min read
car&bike Team | Oct 23, 2020Tesla Fires The Man Behind Its GigaFactoriesHoretsky joined the world's most valuable automative company in 2015 to setup its first Nevada Gigafactory project.1 min read- car&bike Team | Oct 23, 2020Tesla Being Courted To Invest By Multiple States In IndiaMany Indian states are now courting Tesla as it prepares to scale factories and production beyond China, Europe and the US.1 min read
Reuters | Oct 23, 2020Auto Start-ups Chasing Tesla Race Past Red Flags To Go PublicLining up on the success of Tesla, the new EV-related start-ups want to go public but few have products ready to sell or any likelihood of generating significant revenue anytime soon.1 min read
Auto Industry
Shubham Parashar | Jul 1, 2021Car Sales June 2021: Kia India Sells 15,015 Units In Domestic MarketThe Korean brand sold 8,549, 5,963 and 503 units of the Kia Seltos, Sonet and Carnival respectively.2 mins read
Shubham Parashar | Jul 1, 2021Car Sales June 2021: Mahindra Sells 16,913 Passenger Vehicle Units In IndiaIn the utility vehicle segment, Mahindra witnessed an uptick of 109 per cent selling 16,636 units as compared to 7958 units the company sold a year ago and in the cars + vans segment sales went up by 137 per cent at 277 units as compared to 117 units sold a year ago.1 min read
Seshan Vijayraghvan | Jul 1, 2021Car Sales June 2021: Hyundai Registers Cumulative Sales Of 54,474 UnitsHyundai Motor India today released the monthly sales numbers for June 2021, during which the company registered total sales (domestic + exports) of 54,474 units. Compared to May 2021, when the company sold 30,703 units cumulatively, Hyundai witnessed a month-on-month (MoM) growth of over 77 per cent.1 min read
Ameya Naik | Jul 1, 2021The Flying Car Completes Its First Ever Inter-City FlightThe AirCar Prototype 1 is equipped with a 160 horsepower BMW engine with fixed-propeller and a ballistic parachute.1 min read
Seshan Vijayraghvan | Jul 1, 2021Car Sales June 2021: Maruti Suzuki's Total Sales Reach 147,368 Units As Lockdown Eases In IndiaMaruti Suzuki India has released the monthly sales numbers for June 2021, during which the company's total sales (domestic + exports) stood at 147,368 units. This includes the cumulative domestic sale of 130,348 units and exports of 17,020 units.3 mins read
Ameya Naik | Jul 1, 2021Auto Sales June 2021: Toyota Sells 8801 Units As Lockdown Eases Across IndiaThe cumulative wholesales of Toyota in the first six months of the calendar year 2021, stands at 59332 units when compared to 28686 units sold in the corresponding period last year, thereby registering a growth of 107 per cent.1 min read
Shubham Parashar | Jul 1, 2021CredR Bags Rs. 48.1 Crore Funding From Yamaha Motors And Other InvestorsBangalore-based Incredible Technologies Private Limited (CredR), has raised Rs. 48.1 crore in its latest round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures.1 min read
Charanpreet Singh | Jul 1, 202120% Of Mercedes-Benz India's Sales Come From Online Platform: Santosh IyerMercedes-Benz's digital platform, which was launched last year in April, has shown a decent contribution towards its over sales in India. The carmaker has confirmed that 20 per cent of its sales come from the 'Merc From Home' platform.1 min read
Seshan Vijayraghvan | Jun 30, 2021Lexus India Launches 'Lexus Life' Ownership Programme; Enters Used Car Business With 'Lexus Pre-Owned'Lexus India today announced the launch of 'Lexus Life', a special ownership program for its buyers in the country.1 min read