Auto Industry

Reuters

Jan 21, 2023, 10:07 PM

Tesla's Price Cuts Promise More Pain For Money-Losing U.S. EV Startups

A price war in electric vehicles started by Tesla has made it much more difficult for U.S. startups like Rivian and Lucid to grab share in an industry competing for shrinking consumer wallets.

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  Reuters | Jan 21, 2023

  Unions Press Biden Administration To Not Change EV Tax Credit Rules

  Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and other foreign governments to revise U.S. electric vehicle tax incentives.

  2 mins read
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  Reuters | Jan 21, 2023

  GM, LG Energy Drop Plan For Fourth U.S JV Battery Plant

  General Motors Co and LG Energy Solution have dropped the plans for a fourth battery call manufacturing plant in the U.S.

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  Seshan Vijayraghvan | Jan 20, 2023

  Anand Mahindra To Hand Over Exclusive Edition XUV400 To Auction Winner At Formula E Event

  The one-of-one XUV400 electric SUV will be auctioned off for a social cause. Mahindra Group Chairman, Anand Mahindra will hand over the car to the winner on February 10, 2023, at an Exclusive Mahindra Event during the Formula E weekend in Hyderabad.

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  Reuters | Jan 20, 2023

  Sacked GM Workers In India Sue Company, CEO Barra For Unpaid Compensation

  GM and the factory workers - who allege illegal termination after the company decided to exit - have been locked in legal battles since 2021.

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  Mihir Barve | Jan 20, 2023

  1 Millionth KTM Motorcycle Rolls Out Of Bajaj's Chakan Plant

  KTM crossed the 1 million unit manufacturing milestone in India, as the Austrian brand continues its partnership with Bajaj Auto for manufacturing of domestic and export units of its sub-400 cc motorcycles.

  3 mins read
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  Jaiveer Mehra | Jan 20, 2023

  Hyundai Grand i10 Nios Facelift Launched In India; Prices Start From Rs 5.68 Lakh

  Updated Grand i10 Nios is available with petrol and CNG engine options and in 4 variants.

  2 mins read
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  Jaiveer Mehra | Jan 19, 2023

  E-Motorad Launches New Ultra-Premium E-Cycle Range; Costs More Than A Royal Enfield Super Meteor 650

  The Pune-based start-up launched its ultra-premium range in India with prices starting at Rs 4.75 lakh. Also introduced was the more mass market-focused X-Factor line priced from Rs 24,999.

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  Seshan Vijayraghvan | Jan 19, 2023

  Mahindra To Build EV Plant In Pune; Signs MoU With Maharashtra Government At World Economic Forum

  Mahindra says it will be spending around Rs. 10,000 crore to build EVs in the state, and the investment has been approved under the Maharashtra Government’s industrial promotion scheme for Electric Vehicles.

  2 mins read