Auto Industry

Shubham Parashar

Jul 9, 2021, 9:30 PM

Ola Bags $ 500Mn Investment From Temasek, Warbug Pincus And Bhavish Aggarwal

What's even more impressive is that Ola has managed to bag this finding despite the hit its business took from prolonged COVID-19 pandemic.

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  Ameya Naik | Jul 9, 2021

  Stellantis To Invest 30 Billion Euros To Develop EVs

  Stellantis plans to invest more than 30 billion euros through 2025 in electrification and software development, including equity investments made in joint ventures to fund their activities.

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  Shubham Parashar | Jul 9, 2021

  Hyundai Motor And Kia Partner With Next Hydrogen to Develop Advanced Alkaline Water Electrolysis System

  Kia, Hyundai Motor and Next Hydrogen are looking to improve the price competitiveness of clean hydrogen in consideration of regional climate and environmental characteristics.

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  Reuters | Jul 8, 2021

  BMW Pays 373 Million Euro Fine To Settle EU Emissions Probe

  BMW said it had paid a 373 million euro ($441 million) fine over collusion on setting standards for the Adblue additive used in diesel cars, but other charges related to emissions technology were dropped.

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  car&bike Team | Jul 8, 2021

  South Korea's Samsung SDI Considers Building Battery Cell Plant In U.S.

  South Korea's Samsung SDI Co may build a battery cell plant in the United States to support the auto industry's shift to electrification, a company source with close knowledge of the matter told Reuters on Thursday.

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  car&bike Team | Jul 8, 2021

  Tesla Sold 33,155 China-Made Vehicles In June: Report

  U.S. electric vehicle maker Tesla Inc sold 33,155 China-made vehicles, including those for export, in June, China Passenger Car Association (CPCA) said on Thursday.

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  Seshan Vijayraghvan | Jul 8, 2021

  Ford Endeavour Base Variant Discontinued, Now Available In Only 3 Trims

  Ford India has recently discontinued the entry-lever Titanium 4x2 AT variant of the Endeavour. The base variant of the popular full-size SUV was priced in India around Rs. 30 lakh, and with the trim no longer being on offer, prices for the 2021 Ford Endeavour now starts at Rs. 33.80 lakh (both ex-showroom, Delhi).

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  Shubham Parashar | Jul 8, 2021

  Mercedes-Benz India Records 65 Per Cent growth In H1 2021; Ramps Up Production From July

  Mercedes-Benz India had targeted over 50 per cent sales growth in H1 2021 and has managed to achieve well beyond, and now the company has ramped up production to meet demand for all existing and newer models.

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  Seshan Vijayraghvan | Jul 8, 2021

  Tata Motors Reports 2,14,250 Units Global Sales In Q1 FY2022; Sees 35% Decline Against Q4 FY2021

  Tata Motors Group has released the global wholesales numbers for the first quarter of Financial Year 2021-22. Between April and June 2021, the company's collective sales, including Jaguar Land Rover, stood at 2,14,250 units.

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