Auto Industry
Ameya Naik
Aug 6, 2021, 7:05 PM
The company's tractor business too witnessed a strong growth with 99,127 units being sold catapulting the sales growth by 52 per cent in Q1 FY2022.
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Reuters | Aug 6, 2021SK Innovation To Split Off Battery Unit, Shares FallThe battery unit, which is aiming to turn profitable next year, accounted for nearly 6% of the company's revenue in the second quarter.1 min read
Reuters | Aug 6, 2021HPCL To Operate Expanded Mumbai Refinery At Full Rate By Mid-OctoberHPCL shut the 150,000 bpd Mumbai refinery from April 1 for maintenance and capacity expansion. It has started one crude unit post maintenance and the second unit, which is being revamped to add 40,000 bpd, is in pre-commissioning stage1 min read
Reuters | Aug 6, 2021Chinese EV Maker Li Auto To Raise $1.52 Billion In Hong Kong ListingThe deal follows that of rival Xpeng Inc, which raised $1.8 billion in its dual primary listing in late June.1 min read
Seshan Vijayraghvan | Aug 6, 20212021 Honda Amaze Facelift Spotted Ahead Of Official LaunchImages of the upcoming Honda Amaze facelift have surfaced online, giving us an early look at the car ahead of its official launch.1 min read
Shubham Parashar | Aug 6, 2021Kia India Achieves 3 Lakh Units Sales Milestone; Fastest Carmaker To Do SoThe Korean carmaker manged to clock 2 lakh sales milestone in just one year since it started operations and within two years has sold over 3 lakh units in our market, courtesy increasing demands for the Kia Seltos and Sonet which have been a blockbuster hit in our market.1 min read
car&bike Team | Aug 6, 2021U.S. Automakers To Say They Aspire To Up To 50 Per Cent Of EV Sales By 2030: ReportsBiden will deliver remarks at 3 p.m. EDT (1900 GMT) on Thursday on the steps his administration is taking to strengthen American leadership on clean cars and trucks, the White House said. It did not say who would attend the event.1 min read
car&bike Team | Aug 6, 2021World's New Highest Motorable Road Constructed At Umling La, LadakhThe Border Road Organisation (BRO) has built the world's highest road at Umlingla Pass in eastern Ladakh at an altitude of 19,300 feet.1 min read
car&bike Team | Aug 6, 2021Uber Posts $509 Million Adjusted Loss On Driver Incentives Even As Trips RiseUber Technologies Inc on Wednesday reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after-hours trade.1 min read
