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Auto Industry
Charanpreet Singh
Jul 3, 2021, 8:30 PM
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.
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Reuters | Jul 3, 2021BMW Boosts Corporate Venture Investment Pool To $900 MillionBMW 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.1 min read
Charanpreet Singh | Jul 3, 2021EVTRIC Motors EV Brand Announced; To Launch India-Made Electric Scooters, Bikes SoonEVTRIC Motors will focus on introducing an array of EV offerings such as electric scooters, electric bikes, bicycles, and electric 3-wheelers.1 min read
Reuters | Jul 3, 2021Daimler Truck Expects Gradual Ramp-Up Of Electric Trucks Due To CostParity 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.1 min read
Ameya Naik | Jul 3, 2021Ford and Venari Group Sign MoU To Produce Lightweight Ambulance In The UKThe Ford Venari lightweight ambulance is intended to be produced at a new facility in Ford Dagenham from 20221 min read
Reuters | Jul 3, 2021Ford Quarterly U.S. Auto Sales Rise On Strong SUV, EV DemandThe 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.1 min read
Charanpreet Singh | Jul 3, 2021Petrol, Diesel Prices At All-Time High Across IndiaAfter 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 territories1 min read
Reuters | Jul 3, 2021Didi Says It Stores All China User And Roads Data In ChinaDidi, which offers services in China and more than 15 international markets, gathers vast amounts of real-time mobility data every day. It uses some of the data for autonomous driving technologies and traffic analysis.1 min read
car&bike Team | Jul 2, 2021Porsche Recalls Flagship Electric Model Taycan Over Software IssueLuxury sports carmaker Porsche AG must recall 43,000 of its electric Taycan cars over faulty software that can cause the battery-powered engine to suddenly shut down, it said on Friday.1 min read
