Auto Industry News

EV battery maker Trontek is planning to expand its portfolio to electric four-wheelers, however, at the moment, the company feels that the demand for electric two- and three-wheelers are much higher.

According to a PTI report, the curb imposed on plying of BS3 petrol and BS4 diesel cars in the state amid the depleting air quality scare was lifted on Sunday.

BYD India, which has launched its second EV, the Atto 3 electric SUV, plans to open 24 showrooms across 21 cities by the end of this year. The larger plan is to have at least 53 showrooms in India by the end of 2023.

Tata Motors said it expects profit and cash flow to bounce back in the second half thanks to healthy demand for its Jaguar Land Rover cars.

Mahindra reported a better-than-expected second-quarter profit, driven by strong demand for its passenger vehicles and farm equipment.

India wants countries to agree to phase down all fossil fuels at the COP27 climate summit in Egypt, rather than a narrower deal to phase down coal as was agreed last year.

Indian shares fell, weighed by auto and metal companies.

Eicher Motors Ltd fell short of analysts' estimates for quarterly profit on Thursday, as costs jumped 50% at the Royal Enfield motorcycle maker.