Auto Industry

Reuters

Nov 5, 2021, 7:04 PM

UK Based EV Maker Bedeo Acquires China's Protean From Evergrande's Auto Unit

Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.

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  Reuters | Nov 5, 2021

  Toyota Boosts Profit Outlook On Weaker Yen, But Warns Of Production Risks

  Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.

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  Reuters | Nov 5, 2021

  Honda Lowers Profit Outlook 15 Per Cent Amid Chip Shortage

  Honda's production plans have been hit by the shortage, with global output in September falling 30 per cent from a year ago.

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  Seshan Vijayraghvan | Nov 4, 2021

  Ashok Leyland Launches Ultra Low Floor CNG Buses; Delivers First Batch To Indigo Airlines

  Home-grown commercial vehicle manufacturer, Ashok Leyland, has announced the launch of its new 12-metre Ultra Low Floor CNG buses in India. The flagship company of the Hinduja Group handed over 10 units of the new low floor bus to IndiGo (InterGlobe Aviation) airlines to be used at the New Delhi Airport.

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  car&bike Team | Nov 3, 2021

  U.S. Autonomous Delivery Startup Nuro Raises $600 Million For $8.6 Billion Valuation

  Autonomous delivery vehicle maker Nuro raised $600 million in its latest funding round, the Silicon Valley-based startup said on Tuesday, bringing on board Alphabet Inc's Google as an investor.

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  Sameer Contractor | Nov 4, 2021

  Central Government Reduces Prices On Petrol By Rs. 5, Diesel By Rs. 10 For Diwali

  The central government has announced a major reduction in fuel prices on the occasion of Diwali with petrol now cheaper by Rs. 5 and diesel by Rs. 10 across the country.

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  car&bike Team | Nov 4, 2021

  Ola Unveils First Operating Profit Ahead Of Potential IPO

  Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, versus a loss of over Rs. 607 crore ($81.55 million).

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  car&bike Team | Nov 3, 2021

  Indian Oil To Set-Up 10,000 EV Charging Stations In 3 Years Across India

  Indian Oil Corporation Limited on Wednesday announced that it will establishment of over 10,000 electric vehicle (EV) charging stations across India in the next three years.

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  car&bike Team | Nov 3, 2021

  Ola CEO Bhavish Aggarwal Tweets About Selling 1000+ Used Cars, Gets Trolled For Bad Buying Experience And E-Scooter Delays

  Ola CEO, Bhavish Aggarwal tweeted about selling more than 1000 cars through its used car platform Ola Cars over Dhanteras weekend, however, several Twitterati expressed some critical opinions about bad buying experience, the cars being too pricy, and even about delays in delivery of the Ola S1 electric scooter.

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