Auto Industry News

MoRTH minister, Nitin Gadkari is planning to mandate flex engines in India and has asked sugar processing companies to set up ethanol filling stations across the country.

Germany's BMW will be ready for any ban on internal combustion engine (ICE) cars from 2030 onwards with an offering of electric vehicles, Chief Executive Officer Oliver Zipse said on Tuesday.

Japan's Honda Motor will launch a new electric vehicle brand in China next year, it said on Wednesday, and will only launch battery electric, hydrogen fuel-cell or petrol-electric hybrid vehicles there from 2030.

Hyundai Motor's global chief operating officer said on Wednesday the South Korean automaker wants to develop its own chips to reduce reliance on chipmakers.

U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) on Thursday said it has signed a battery supply deal with China's Contemporary Amperex Technology Co Ltd (CATL).

Businesses in India are seeking government support to meet a target for at least 65% of all new vehicle sales to be electric by 2030, according to a CEO-led organisation of major companies worldwide which is leading the push.

By taking worldwide responsibility for the MQB A0 global platform, the Czech carmaker will be developing new entry-level models for Skoda and Volkswagen brands. The focus will be on regions like - India, Russia, Africa as well as the ASEAN countries and Latin America.

The drop in sales is primarily attributed to supply constraints due to the ongoing chip shortage globally.