Auto Industry News

Tesla's Musk Exercises More Options, Sells Shares Worth $1.05 Billion
Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares.

Auto Sales To Grow 10-12 Per Cent Due To Scrappage Policy, Says Nitin Gadkari
Nov 24, 2021 03:39 PM
Inaugurating the new Maruti Suzuki Toyotsu Vehicle Scrapping facility in Noida, Union Minister Nitin Gadkari said that the National automobile scrappage policy will help in increasing automobile sales by 10 to 12 per cent.

Valeo Reveals 3rd-Gen LiDAR That Can Improve Autonomous Tech; To Debut In 2024
Nov 24, 2021 02:44 AM
Valeo, the makers of advanced driving assistance systems or ADAS, has revealed its third-generation LiDAR or Light Detection and Ranging system, to improve vehicle autonomous technology.

Scrappage Policy Will Help India Achieve Net-Zero Emissions: Gadkari
Nov 23, 2021 10:31 PM
Union Minister Nitin Gadkari says that the commitment made by the Prime Minister at the 2021 United Nations Climate Change Conference (COP26) is important to the government. He is confident that scrappage policy is one of the solutions to achieve this goal.

Minister Nitin Gadkari Inaugurates Vehicle Scrapping Facility In Noida
Nov 23, 2021 08:53 PM
The MSTI facility has been built by Maruti Suzuki and Toyota Tsusho Group and is the first government-approved scrapping and recycling facility for end-of-life vehicles (ELVs). It can recycle up to 2,000 vehicles every month.

2022 Volkswagen T-Roc Facelift Unveiled
Nov 23, 2021 01:10 AM
The facelifted 2022 Volkswagen T-Roc has broken cover in the global markets and we expect it to join the line-up in our market again as a CBU.

2021 Audi Q5 Facelift: Price Expectation In India
Nov 23, 2021 01:10 AM
Audi India is all set to launch the 2021 Audi Q5 facelift in the country. The luxury SUV is assembled locally, so, the company will price it attractively, and we expect it to be priced between Rs. 55 lakh to Rs. 60 lakh.

UK's Arrival Unveils Pre-Production Prototype Electric Bus
Nov 23, 2021 12:36 AM
British electric van and bus maker Arrival on Thursday unveiled a new prototype of an electric bus that it hopes to begin producing next year to sell at around the price of a conventional diesel bus. The pre-production bus will start running on roads within the next few weeks, and series production is due to begin at a plant in the U.S. state of South Carolina in the second quarter.

Autos, Energy And Migration On U.S., Canada, Mexico Joint Agenda
Nov 22, 2021 11:55 PM
The three governments want to take advantage of a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) to deepen supply chains, but that push has been clouded by months of wrangling over disputes in the auto industry.

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