Auto Industry
Seshan Vijayraghvan
Nov 8, 2021, 6:36 PM
Electric scooter rental company, Bounce, has recently announced that the company plans to invest around $100 Million or over Rs. 740 crore for manufacturing its electric scooter, and expanding battery swapping infrastructure.
1 Min
car&bike Team | Nov 8, 2021Twitter Users Say 'Yes' To Elon Musk's Proposal To Sell 10% Of His Tesla StockTesla Inc CEO Elon Musk should sell about 10% of his Tesla stock, according to 57.9% of people who voted on his Twitter poll asking users of the social media network whether he should offload the stake. "I was prepared to accept either outcome," Musk said, after the voting ended.1 min read
Reuters | Nov 8, 2021EV Maker Rivian Boosts IPO Price Range, Aims For $65 Billion ValuationThe company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9.1 min read
Sameer Contractor | Nov 7, 2021Indian Oil Launches Cleaner, Fuel Efficient XtraGreen DieselIndian Oil says its new XtraGreen diesel uses a modified DMFA (Diesel Multi-Functional Additive) to lower emissions and improve the vehicle's fuel efficiency.1 min read
Reuters | Nov 7, 2021Tesla Opens Canada Battery Gear Factory In Markham, Ontario: Report"I'm delighted to share that Tesla Canada is joining our already robust automotive and technology ecosystem by locating a manufacturing facility in the City of Markham," the city mayor Frank Scarpitti said on Twitter.1 min read
Reuters | Nov 7, 2021Apple Hires Former Tesla Engineer To Boost Self-Driving Car Effort: ReportThe news comes weeks after the head of Apple's car project, Doug Field, joined Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts.1 min read
Reuters | Nov 7, 2021Musk Asks Twitter Followers Whether He Should Sell 10% Of Tesla StockMusk has criticized the proposal, which would affect 700 billionaires and impose taxes for long-term capital gains on tradable assets, whether or not they have been sold.1 min read
AFP | Nov 6, 2021Toyota Ranked One Of Worst Major Automakers For Emissions EffortsThe campaign group gave Toyota and US-European firm Stellantis "F minus minus" grades for decarbonisation efforts including phasing out engines that burn planet-warming fossil fuels in favour of electric vehicles.1 min read
Shubham Parashar | Nov 5, 2021Delhi Government Withdraws Subsidies On Electric CarsThe Delhi government has withdrawn the Rs. 1.5 lakh subsidy on electric cars after it completed sales on 1000 units and the decision comes at a time when Delhi was inching closer to becomes one of the highest EV selling states.1 min read
