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GTA 6 Delay Weighs on Global Videogame Market Growth, Data Shows
The delay of the long-awaited Take-Two's Grand Theft Auto 6 to next year and price hikes to videogame hardware arising from tariffs, have made consumer spending uncertain. A report from research firm Newzoo has predicted that the global videogame market's growth rate is expected to improve only marginally in 2025.
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Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
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Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
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President Trump Rolls Back Auto Tariffs After Auto Firms Raise Alarms
Donald Trump auto tariffs: US President signed a proclamation to reduce the import burden on the American auto industry and reduce auto tariff.
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Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
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Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
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SEBI Warns Ola Electric for Disclosure Lapses
SEBI has issued a warning to Ola Electric for not providing "equal and timely access" to its investors of information about a planned store expansion.
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GTA 6 Reportedly Expected to Collect Over $1 Billion From Pre-Orders Alone
Grand Theft Auto 6 is undoubtedly set to become a sales juggernaut when it launches later this year, but the game could outsell most other major titles through pre-orders alone. A research firm has predicted that GTA 6, one of the most anticipated games of all time, will likely collect over $1 billion from pre-purchases before it arrives on PS5 and...
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Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
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Skoda and Volkswagen Cars May Be Susceptible to Hacking Due to Infotainment System Vulnerabilities
Security researchers have discovered security vulnerabilities of low-to-medium criticality in select Skoda cars that may enable malicious actors to trigger certain controls, a cybersecurity firm announced at the Black Hat Europe 2024 event this week. At least 12 new vulnerabilities were found impacting the infotainment systems in the latest model o...
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Uber Launches First Robotaxi Service Outside of US in Abu Dhabi
Uber Technologies has begun offering its first autonomous rides outside the US in Abu Dhabi, making good on an earlier partnership struck with Chinese vehicle partner WeRide.
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Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
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Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla's plans to enter the market.
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Toyota Apologises For Scandals As Vehicle Sales Set New Global Record
Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.
-
GTA 6 Delay Weighs on Global Videogame Market Growth, Data Shows
The delay of the long-awaited Take-Two's Grand Theft Auto 6 to next year and price hikes to videogame hardware arising from tariffs, have made consumer spending uncertain. A report from research firm Newzoo has predicted that the global videogame market's growth rate is expected to improve only marginally in 2025.
-
Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
-
Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
-
President Trump Rolls Back Auto Tariffs After Auto Firms Raise Alarms
Donald Trump auto tariffs: US President signed a proclamation to reduce the import burden on the American auto industry and reduce auto tariff.
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
-
China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
-
Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
-
SEBI Warns Ola Electric for Disclosure Lapses
SEBI has issued a warning to Ola Electric for not providing "equal and timely access" to its investors of information about a planned store expansion.
-
GTA 6 Reportedly Expected to Collect Over $1 Billion From Pre-Orders Alone
Grand Theft Auto 6 is undoubtedly set to become a sales juggernaut when it launches later this year, but the game could outsell most other major titles through pre-orders alone. A research firm has predicted that GTA 6, one of the most anticipated games of all time, will likely collect over $1 billion from pre-purchases before it arrives on PS5 and...
-
Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
-
Skoda and Volkswagen Cars May Be Susceptible to Hacking Due to Infotainment System Vulnerabilities
Security researchers have discovered security vulnerabilities of low-to-medium criticality in select Skoda cars that may enable malicious actors to trigger certain controls, a cybersecurity firm announced at the Black Hat Europe 2024 event this week. At least 12 new vulnerabilities were found impacting the infotainment systems in the latest model o...
-
Uber Launches First Robotaxi Service Outside of US in Abu Dhabi
Uber Technologies has begun offering its first autonomous rides outside the US in Abu Dhabi, making good on an earlier partnership struck with Chinese vehicle partner WeRide.
-
Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
-
Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla's plans to enter the market.
-
Toyota Apologises For Scandals As Vehicle Sales Set New Global Record
Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.
