Auto Industry News

Tesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.

Launched at the Investor Summit in Gujarat, the vehicle scrappage policy aims to reduce the import of scrap and raw materials, while also help to decongest public roads from polluting vehicles.

Hero MotoCorp despatched 10.25 lakh motorcycles and scooters during the April to June 2021 quarter, and reported a four-fold increase in net profit.

Ampere Vehicles, the e-mobility business of Greaves Cotton Limited has announced achieving a new sales milestone of 1 lakh electric scooters in India. The 1 lakh milestone comprises both brands, Ampere and ELE, the electric three-wheeler brand of Greaves Cotton.

Goodyear India is experiencing strong demand in the replacement market as well as on the OEM side as sales have picked up both for new cars, as well as in the used car market.

The Committee on Foreign Investments in the United States, which reviews deals of companies with foreign ties for potential national security risks, has also been scrutinizing SPAC deals.

Force Motors sold 6,486 units in the same period as compared to 2,311 units sold in the first four months of the previous year, including both domestic and exports.

Sony has also tuned the sound system and claims that its spatial audio technology which provides a 360 spatial experience will also be included.