Auto Industry

car&bike Team

Jul 27, 2021, 4:35 PM

Tesla Posts Record Profits, Offers Muddy Outlook For Batteries, Cybertruck

Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs.

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  Reuters | Jul 27, 2021

  Indian Oil Corporation To Fuel Expansion With Green Power

  IOC also plans to build a green hydrogen plant at its 160,000 bpd Mathura refinery in northern Uttar Pradesh state.

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  Reuters | Jul 27, 2021

  Oil Prices Steady As Market Undersupplied But Virus Clouds Demand

  Coronavirus cases continued to rise over the weekend with some countries reporting record daily increases and extending lockdown measures that could slow oil demand.

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  Reuters | Jul 27, 2021

  Tata Motors Sees Demand Recovering, Warns Of Short Term Impact Of Chip Shortage

  Tata Motors reiterated that it expected the chip supply crunch in the second quarter to be greater than in the first, likely resulting in wholesale volumes at JLR to be about 50% lower than planned.

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  car&bike Team | Jul 26, 2021

  Tata Motors Reveals Q1 FY2022 Results; Revenue Stands At Rs. 66,406 Crore

  Tata Motors ends Q1 FY2022 with a good performance. The net loss for Q1 FY2022 was almost halved from Rs. 8,437.99 crore to Rs. 4,450.92 crore. Total revenue stood at Rs. 66,406 crore.

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  Reuters | Jul 26, 2021

  JLR Parent Sees Demand Recovering, Warns Of Short Term Impact Of Chip Shortage

  Tata says demand remains strong for Jaguar Land Rover (JLR) and India passenger vehicles, with commercial vehicles seeing a gradual improvement.

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  Charanpreet Singh | Jul 26, 2021

  Kia To Suspend Production At South Korea Plant Due To COVID-19

  The suspension at assembly line No. 1 of the Sohari facility may be extended further depending on the result of coronavirus tests on its workers, a company spokesman said.

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  car&bike Team | Jul 25, 2021

  Volvo Cars Global Sales Grow 41% In The First Half Of 2021

  Volvo Cars aims to become the fastest transforming company in the sector and to be fully electric by 2030.

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  Reuters | Jul 25, 2021

  Mercedes-Benz Hits Accelerator In E-car Race With Tesla

  Daimler said that as of 2025, it expects electric and hybrid electric cars will make up 50% of sales - with all-electric cars expected to account for most of that - earlier than its previous forecast that this would happen by 2030.

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