Auto Industry News

While Musk will provide much of the funding after selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $13 billion.
Factbox-Who Is Financing Elon Musk's $44 Billion Deal To Buy Twitter?
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Nov 1, 2022 12:24 AM
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While Musk will provide much of the funding after selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $13 billion.
Self-Driving Cars Face Uncertain Path To US Deployment: Report
Self-Driving Cars Face Uncertain Path To US Deployment: Report
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Nov 1, 2022 12:23 AM
Following a GM petition as well as a June crash involving an autonomous vehicle, the City and County of San Francisco said in its comments GM and Cruise failed to provide sufficient data and fell "short of documenting or analyzing the safety performance" of the self-driving vehicles.
RattanIndia To Buy Electric Motorcycle Maker Revolt
RattanIndia To Buy Electric Motorcycle Maker Revolt
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Nov 1, 2022 12:20 AM
RattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.
India's Top Bikemaker Hero Launches E-Scooter To Chase Startups
India's Top Bikemaker Hero Launches E-Scooter To Chase Startups
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Nov 1, 2022 12:16 AM
Like some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.
Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In China
Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In China
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Nov 1, 2022 12:16 AM
Led by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.
Musk Says Pepsi To Receive Tesla's First Semi Trucks In December
Musk Says Pepsi To Receive Tesla's First Semi Trucks In December
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Nov 1, 2022 12:13 AM
Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.
Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV Strategy
Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV Strategy
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Nov 1, 2022 12:20 AM
The world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.
Maruti Suzuki Ertiga CNG Has A Waiting Period Of Over 8 Months
Maruti Suzuki Ertiga CNG Has A Waiting Period Of Over 8 Months
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Oct 31, 2022 11:14 PM
Maruti Suzuki India currently had 10 CNG cars in its line-up, and the Ertiga S-CNG commands the highest waiting period of them all. The MPV has a waiting period of around 37 weeks or over 8 months.
New Royal Enfield 650 cc Motorcycles Ready For Launch; Likely To Be Unveiled At EICMA 2022
New Royal Enfield 650 cc Motorcycles Ready For Launch; Likely To Be Unveiled At EICMA 2022
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Oct 31, 2022 10:41 PM
Royal Enfield is all set to launch the Super Meteor 650 and the Shotgun 650 in India, but we are likely to see their global debut at EICMA 2022.