Auto Industry
car&bike Team
Jul 23, 2021, 1:10 AM
The BMW Group will contact rescue organisations in Rhineland-Palatinate, North Rhine-Westphalia, and Upper Bavaria to provide targeted help where it is most needed.
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Reuters | Jul 22, 2021Hyundai Motor Q2 Net Profit Soars, Expects Chip Shortage To EaseHyundai reported net profit of 1.8 trillion won ($1.57 billion) for April-June versus 227 billion won in the same period a year earlier.1 min read
Reuters | Jul 22, 2021Eyeing IPO, Volvo Cars To Take Full Control Of Its Chinese BusinessVolvo Cars said the transactions, which are subject to regulatory approval, would be carried out in two steps, starting in 2022 and seen formally completed in 2023.1 min read
car&bike Team | Jul 22, 2021Moscow, Capital Of Oil-Rich Russia, Targets Electric Car GrowthThe use of electric cars in oil and gas giant Russia lags far behind other European capitals. But Moscow plans to install 200 electric charging stations annually starting this year, said Maxim Liksutov, head of the city's transport department.1 min read
car&bike Team | Jul 22, 2021BMW Can't Finish Production Of 10,000 Cars Over Chip CrunchBMW said on Tuesday nearly all its German plants were affected by an ongoing shortage of semiconductors that are currently preventing the luxury carmaker from completing around 10,000 cars.1 min read
Shubham Parashar | Jul 22, 2021Audi India To Introduce New Entry-Level ModelsAudi India has reaffirmed introducing more models in our market both at top-end and entry-level, despite prices going up in the last couple of years which impacted the entry-level luxury segment to quite an extent.1 min read
Seshan Vijayraghvan | Jul 22, 2021Audi India To Bring More Electric Vehicles This Year; Aims For 15 Per Cent EV Sales By 2025After the launch of the e-tron range, Audi India has said that it will being more electric vehicles to our shores in 2021. This is part of the company's larger goal to achieve 15% of total sales from electric vehicles.1 min read
Reuters | Jul 22, 2021India Overhauls Petroleum Reserve Policy To Boost Private Interest: ReportIndia, the world's third-biggest oil importer and consumer, imports over 80 per cent of its oil needs and has built strategic storage at three locations in southern India to store up to 5 million tonnes of oil to protect against supply disruption.1 min read
Charanpreet Singh | Jul 21, 2021Nitin Gadkari Says Highway Construction Witnessed Sharp Rise During COVID-19 Restriction PeriodThe MoRTH minister Nitin Gadkari also mentioned that India created a world record by constructing a 2.5 km four-lane concrete road in just 24 hours, and a 26-km single-lane Bitumen road was completed in just 21 hours.1 min read
