Auto Industry News

The Mahindra KUV100 has been witnessing dwindling sales in the domestic market which is why the automaker has now shifted its focus on exporting the model to markets where it has comparatively stronger demand.

Presenting its strategy until 2030, Volkswagen expects half of its global vehicle sales to be battery-powered by that date - joining rivals in setting ambitious goals to move on from the era of combustion engines.

Dodge, the American muscle car maker, known for its high-horsepower V8 engines, is gearing up to enter the EV space. Its first all-electric muscle car will be introduced in 2024.

Virgin Galactic is the world's first commercial 'spaceline'. It has already signed up around 600 Future Astronaut customers, who will be transported to their flights in vehicles supplied by partner Land Rover.

Volkswagen's first-half operating profit is expected to reach around 11 billion euros ($13 billion), it said on Friday, topping pre-pandemic levels on strong demand in Europe and the United States, particularly for Porsches and Audis.

Volvo Car Group has bought additional shares in Polestar, taking its holdings in the electric vehicle (EV) maker controlled by Chinese automaker Geely, to 49.5%.

This strategic partnership with Ki Mobility Solutions will help JK Tyre increase its market share across two-wheelers, passenger cars and commercial vehicle segments.

Goa plans to subsidise 10,000 electric two-wheelers, 500 electric three-wheelers and around 500 electric four-wheelers. Overall, the annual subsidy on electric vehicles will not exceed Rs. 25 crore.