Auto Industry News

GWM had originally signed an agreement with GM India for the acquisition of the Talegaon plant in January 2020, though the deal has been held up ever since.

The humongous growth is primarily attributed to low base in May 2022 as production was drastically minimised when the nation was struggling the second wave of COVID-19.

The power plant will contribute 28,000 MWH2 annually to the group's manufacturing unit and which is equivalent to the energy required for the production of more than 67,000 units.

Under its metaverse platform - the MGverse, the carmaker will offer users various digital experiences and services like vehicle configuration, NFT (Non-fungible token), a digital car club and more.

Tata Motors and BluSmart has signed an agreement on the World Environment Day, under which Tata has received an order for 10,000 XPRES-T EVs. The electric vehicles will be used by BluSmart for its expansion plan in Delhi & NCR and other metros.

New-gen subcompact SUV expected to get the new 1.5-litre DualJet petrol engine and 6-speed automatic gearbox from the Ertiga and XL6.

Saudi Arabia raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

According to the companys annual report for 2021-22, TVS Motor Company intends to scale up its role in the electric segment.