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Reuters

Feb 27, 2023, 5:46 PM

India's MRF Reports Q3 Profit Jump On Softer Raw Material Prices, Solid Demand

MRF's total expenses rose 14% to 53.81 billion rupees, nearly half of the increase in the first six months of the current fiscal year.

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  Reuters | Feb 27, 2023

  BorgWarner Sees EV Business To Grow At Least 72 Per Cent In 2023

  BorgWarner in December announced plans to spin-off its fuel systems and aftermarket units to focus solely on air management and e-propulsion & drivetrain units.

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  car&bike Team | Feb 27, 2023

  Bajaj Auto And Yulu Launch New Electric Two-Wheeler Platforms For Urban Mobility

  The new electric two-wheeler platforms are purpose-built to fulfill urban mobility needs

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  Reuters | Feb 27, 2023

  Lucid Joins Tesla-Led EV Price War With Discounts On Some Air Models

  The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market share at a time when high borrowing costs and inflation have pinched consumer wallets.

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  Reuters | Feb 27, 2023

  GM Inks Deal With GlobalFoundries To Secure U.S.-Made Chips

  GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.

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  Reuters | Feb 27, 2023

  U.S. Set To Loan Redwood Materials $2 Billion For EV materials Plant

  Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

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  Reuters | Feb 27, 2023

  In China, Tesla Could Win Electric Vehicle Price Battle - But Lose The War

  Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. Tesla's thick profit margins have put it in a position to take a price war to competitors in China and beyond, analysts say.

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  Reuters | Feb 27, 2023

  India's January Wholesale Passenger Vehicle Volume Up On Consumer Sentiment - SIAM

  Sales of the now-popular and mostly pricier UVs grew around 28% and continued to outnumber that of passenger cars - which include entry-level cars and sedans - in January, according to SIAM data.

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  car&bike Team | Feb 27, 2023

  Honda Teases New 100 cc ‘Shine’ Motorcycle; Launch On March 15, 2023

  Honda Motorcycle and Scooter India is all set to launch a new 100 cc commuter motorcycle. It is likely to be a new variant under the ‘Shine’ brand.

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