Auto Industry News

With the latest hike, diesel has breached Rs. 100-mark in Madhya Pradesh's Rewa district, currently standing at Rs. 100.18 a litre while petrol has touched Rs. 110.01 per litre.

Higher vehicle prices have boosted profitability for automakers, who have also increased investments in EV production.

This concept car also introduces a new Volvo design language. Continuing the theme of 'less but better', all unnecessary elements have been removed and what remains is treated with a high-precision, flush execution.

The move, announced by SK Innovation CEO Kim Jun on Thursday, comes as demand for electric vehicles (EVs) surges and carmakers partner with battery makers to ensure uninterrupted supplies.

As a part of the agreement, Hero MotoCorp will take up conservation and restoration work at the park for the next 10 years. It will spend Rs. 1.25 crore annually on maintenance under its Corporate Social Responsibility (CSR) initiative.

BMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund. The two funds bring BMW's total venture investment pool to nearly $900 million, one of the largest in the global auto industry.

EVTRIC Motors will focus on introducing an array of EV offerings such as electric scooters, electric bikes, bicycles, and electric 3-wheelers.

Parity in total cost of ownership of Daimler's electric trucks to its conventional ones will be reached by 2025, depending on energy prices and subsidies, Wallfeld said.