Auto Industry News
The Volvo Concept Recharge Showcases Design For Next-Gen EVs
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.
SK Innovation May List Battery Business, Echoing Rival LG Chem
Jul 4, 2021 03:13 PM
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.
Hero MotoCorp Takes Over Maintenance Of Aravali Biodiversity Park For 10 Years
Jul 4, 2021 02:00 AM
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 Boosts Corporate Venture Investment Pool To $900 Million
Jul 3, 2021 11:44 PM
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 EV Brand Announced; To Launch India-Made Electric Scooters, Bikes Soon
Jul 3, 2021 11:19 PM
EVTRIC Motors will focus on introducing an array of EV offerings such as electric scooters, electric bikes, bicycles, and electric 3-wheelers.
Daimler Truck Expects Gradual Ramp-Up Of Electric Trucks Due To Cost
Jul 3, 2021 10:21 PM
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.
Ford and Venari Group Sign MoU To Produce Lightweight Ambulance In The UK
Jul 3, 2021 06:32 PM
The Ford Venari lightweight ambulance is intended to be produced at a new facility in Ford Dagenham from 2022
Ford Quarterly U.S. Auto Sales Rise On Strong SUV, EV Demand
Jul 3, 2021 06:26 PM
The company posted a 117 per cent rise in U.S. electric and hybrid vehicle sales for June. Ford-branded SUV sales rose 37 per cent in June while its Lincoln SUV sales increased 23.3 per cent.
Petrol, Diesel Prices At All-Time High Across India
Jul 3, 2021 06:19 PM
After two days of hiatus, state-owned oil marketing companies on Friday hiked petrol prices by up to 37 paise. Petrol has already surpassed Rs. 100 a litre in 12 states and union territories
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