Auto Industry
car&bike Team
Nov 10, 2021, 5:04 PM
Nissan tripled its full-year net profit forecast on Tuesday as it rebounded from the impact of the pandemic with a strong quarterly performance, saying it expected to withstand challenges including the global chip crunch and rising raw material prices.
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car&bike Team | Nov 10, 2021Sony To Invest $500 Million In TSMC's New Japanese Chip Plant VentureSony Group said on Tuesday it would invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co (TSMC) that will build a $7 billion chip plant in Japan. Construction of the factory, which local media said last month would supply semiconductors to Sony's image sensor business, will begin in 2022, with production slated to begin at the end of 2024, the companies said in a press release.1 min read
car&bike Team | Nov 9, 2021Battery Smart Raises $7 Million In Pre-Series A RoundThe funds will be utilised to strengthen its Battery Assignment Technology, scale its operations to service 10,000 electric vehicles and expand its footprint.1 min read
car&bike Team | Nov 9, 2021Magenta ChargeGrid Sets Up 6 Charging Hubs For Electric CVsThe six EV charging hubs will be used for electric commercial vehicles and are set up at key locations across Bengaluru.1 min read
Seshan Vijayraghvan | Nov 9, 2021Mahindra Sees 8-Fold Growth In Q2 FY2022 Profit At Rs. 1,432 Crore; Total Revenue Up 15%Mahindra & Mahindra has released the financial results for the second quarter of Financial Year 2021-22. In the quarter that ended with September 30, 2021, the home-grown automaker registered a Profit After Tax (PAT) of Rs. 1,432 crore, an 8X growth compared to Rs. 162 crore profit that the company reported during the same quarter in 2020.1 min read
car&bike Team | Nov 9, 2021Self-Driving Truck Startup Plus, Hennessy Capital Pull Merger On Regulatory UncertaintySelf-driving truck startup Plus and blank-check company Hennessy Capital Investment Corp V have called off their merger, the companies said, citing developments in the regulatory environment outside the United States.1 min read
car&bike Team | Nov 9, 2021Australia To Speed Up Rollout Of Electric Car Charging StationsThe Australian government on Tuesday pledged A$178 million ($132 million) to ramp up the rollout of hydrogen refuelling and charging stations for electric vehicles, but did not offer EV rebates or set targets to phase out petrol cars.1 min read
car&bike Team | Nov 9, 2021Installation Of Electric Vehicle Charger Will Cost Delhi Residents Rs. 2,500Delhi government will charge only Rs 2,500 to install private chargers for light electric vehicles, including two and three wheelers at malls, apartments, hospitals and such other places in the city.1 min read
Sameer Contractor | Nov 9, 2021TVS Motor Company Chairman Venu Srinivasan Awarded Padma BhushanThe Padma Bhushan is the third-highest civilian honour in the country and was conferred to Venu Srinivasan for his contribution to the field of trade and industry.1 min read
