Auto Industry News

Tesla Inc said on Wednesday its upcoming factories and supply-chain headwinds would put pressure on its margins after it beat Wall Street expectations for third-quarter revenue on the back of record deliveries.

SOC Investment Group, in a letter sent to Rivian board member Rose Marcario, called on the Irvine, California-based company to "commit to a rigorous human rights assessment of Rivian and its value chain" before it finalizes the S-1 document with U.S. regulators for its IPO.

Petrol and diesel prices have been hiked for the fifth consecutive day in India. Overall, compared to a day before, petrol prices have gone up by up to 37 paise per litre, while diesel has become dearer by up to 38 paise per litre.

The drive to enforce this rule had started since last year butfrom January to October 2021, the transport department has impounded 664 vehicles which include over 10-year-old diesel and over 15-year-old petrol cars.

More than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill.

According to a report in Nikkei, Edison will be paying close to Rs. 1754 crore (170 million Euros) to Mahindra for the Ssangyong brand.

If you are planning to buy the Mercedes-Benz EQC, here are five pros and cons that should help you make a decision.

LEVC is partnering with Exclusive Motors Pvt. Ltd. for the Indian Subcontinent to make the TX available in the region