Auto Industry News

Hero MotoCorp Announces Entry Into South-East Asian Market With Philippines
Hero MotoCorp plans to set up an assembly facility of 29,000 sq.mt. at its partner's manufacturing facility, which will be operational by the second half of 2024 fiscal.

Mercedes-Benz Set To Quit Russian Market Amid Ukraine War
Oct 27, 2022 03:26 PM
Mercedes-Benz said it will sell off its Russian industrial and financial services subsidiaries to a local investor.

Buffet-Backed BYD Taps India As Latest Market Amid Global Push
Oct 26, 2022 10:14 PM
BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.

Toyota Launches Pilot Project For Flex Fuel Vehicle In India
Oct 26, 2022 09:50 PM
The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.

Mandate To Show PUC Certificate To Refuel In Delhi Put On Hold; Government Launches ‘Red Light On, Gaadi Off’ Campaign
Oct 26, 2022 09:33 PM
Announcing the launch of the 'Red Light On, Gaadi Off’ campaign from October 28, Delhi Environment Minister, Gopal Rai said that the notification that required vehicle owners to produce a valid PUC certificate to refuel at a petrol pump has been put on hold.

As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats Up
Oct 26, 2022 08:05 PM
Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.

Musk, Twitter Could Reach Deal To End Court Battle, Close Buyout Soon: Report
Oct 26, 2022 07:57 PM
Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.

Honda To Cut Car Output At Two Japanese Plants In October
Oct 26, 2022 07:47 PM
Two lines at Honda's Suzuka plant in western Japan will cut production by about 20% in October, while its assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40% for the month.

Explainer-What Is An 'Everything App' And Why Does Elon Musk Want To Make One?
Oct 26, 2022 07:42 PM
The concept of an everything app, often referred to as a "super app," is massively popular in Asia and tech companies across the world have tried to replicate it.

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