Auto Industry News

The investment comes as Wejo prepares to go public later this year through a reverse merger with blank-check company Virtuoso Acquisition Corp.

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.

The 1972 IGM F750 was the first race car that Gordon Murray designed after he arrived in the UK from South Africa in 1969.

Talking the example of a Tesla Model 3, the analysis says that a new EV owner will have to drive 13,500 miles (21,725 km) before their car does any less harm to the environment than a gas-guzzling saloon.

To achieve this massive growth, Skoda also plans to launch a sedan as well which will be previewed by the end of this year and deliveries will start early next year.

Union Minister Prakash Javdekar virtually inaugurated Asia's longest high-speed test track at Pithampur in Indore. The NATRAX facility is 11.3 km long and also includes different test tracks to aid automotive and component testing.

In Rajasthan's Sri Ganganagar, petrol has breached Rs. 100-mark currently retails at Rs. 110.04 a litre while diesel soared to Rs. 102.42 per litre.

Market research firm Frost & Sullivan's new 'Indian Pre-owned Car Market Study' says that over 70 per cent of used cars in India are sold under the Rs. 5 lakh margin.