Auto Industry
car&bike Team
May 1, 2022, 11:56 PM
Maruti Suzuki beat estimates for quarterly profit margins as a string of price hikes and lower sales promotion expenses helped it offset the impact of higher raw material prices and global chip shortages.
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car&bike Team | May 1, 2022Musk Sells Tesla Shares Worth $8.5 Billion Ahead Of Twitter TakeoverElon Musk sold $8.5 billion worth of shares in Tesla, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc.1 min read
car&bike Team | May 1, 2022Tata Motors Maps Out Long-Range EVs For India And BeyondTata Motors plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond.1 min read
car&bike Team | May 1, 2022Twitter Deal Could Bolster Lawsuit Over Musk's $56 Billion Tesla PayElon Musk's $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.1 min read
car&bike Team | May 1, 2022Musk Told Banks He Will Rein In Twitter Pay, Make Money From Tweets - ReportElon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.1 min read
Shubham Parashar | May 1, 2022Auto Sales April 2022: Maruti Suzuki Records 10.21 Per Cent Sales Decline In Domestic PV SalesThe production continues to witness the impact of semiconductor shortage that has disrupted the supply chain and in-turn takes a toll on sales.1 min read
car&bike Team | May 1, 2022Shell Buys Indian Renewables Firm Sprng Energy For $1.55 BillionShell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.1 min read
Shubham Parashar | May 1, 2022Auto Sales April 2022: Tata Motors Records 66 Per Cent Growth In Passenger Vehicle SalesTata Motors continues to record robust sales growth despite headwinds in supply chain due to the semiconductor shortage issue.1 min read
Seshan Vijayraghvan | May 1, 2022Auto Sales April 2022: Skoda Reports 8% Decline Over March 2022; But Saw Over 5-Fold Growth YoYCompared to 5,608 units sold in March 2022, Skoda's highest-ever monthly sales in India, the company saw a month-on-month decline of about 8 per cent. However, against the 961 units sold in April 2021, Skoda saw a year-on-year growth of 436 per cent.1 min read
