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Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
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Tata Motors Commits Rs 35,000 Crore To Expand EV And New Car Lineup
India's Tata Motors plans to invest up to 350 billion rupees ($4.1 billion) over the next five years, aiming to cement its position as the country's top electric vehicle maker amid rising
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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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New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
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Tesla's India Head Resigns As Musk's Company Prepares For Country Launch: Report
Tesla's country head for India has resigned after nine years at the company and ahead of the U.S. EV maker's planned entry into the world's third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.
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"Give Me A Break": Trump Tariffs Threaten Japan Auto Sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break."
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Xiaomi EV Crash In China Raises Safety Concerns Over Assisted Driving Mode
Chinese EV maker Xiaomi said it would cooperate with a police investigation into a fatal crash involving one of its cars which had been in autonomous mode just before the accident.
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Tesla Signs Deal for First India Showroom to Sell Imported EVs
Tesla has signed a lease deal to open its first showroom in Mumbai. The showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex near the city's airport, according to the papers.
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Tata Safari, Harrier Stealth Edition Launched; Limited To 2,700 Units
Tata Motor India is celebrating 27 years of its popular SUV- the Safari. The Indian car maker has now launched the Stealth Edition for the Safari and Harrier, check details now.
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Key Government Agency To Probe Ola Electric Over Product Issues
India's top product certification agency will investigate e-scooter maker Ola Electric's deficiency in service standards and product issues, India's consumer affairs secretary told Reuters on Thursday.
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Mercedes Gets Maharashtra Pollution Control Body Notice After Suprise Check
Luxury car maker Mercedes-Benz has received a notice from the Maharashtra Pollution Control Board, accusing it of violating environmental rules
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Elon Musk May Be World's 1st Trillionaire By 2027, Gautam Adani In 2028: Report
Elon Musk, CEO of electric car maker Tesla, SpaceX, may become the world's first trillionaire by 2027, while Indian tycoon Gautam Adani may attain that status in the following year, according to an Informa Connect Academy report.
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Supreme Court Orders BMW To Pay Rs 50 lakh Compensation To Customer For Defective Car
The Supreme Court has directed luxury car maker BMW India Private Ltd to pay Rs 50 lakh as compensation to a customer for supplying a defective car in 2009.
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Bugatti Shows Off Its First Hybrid Car. Check Price, Other Details
Supercar maker Bugatti on Thursday showed off its first hybrid car with a top speed of about 445 kilometres (275 miles) an hour and a price tag of more than $4 million.
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Canadian Resident Of China Faces 10-Year Jail For Selling Tesla Secrets
A Canadian resident of China faces 10 years in prison after pleading guilty in US court to stealing industrial secrets from a leading American electric car maker, justice authorities said Thursday.
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Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
-
Tata Motors Commits Rs 35,000 Crore To Expand EV And New Car Lineup
India's Tata Motors plans to invest up to 350 billion rupees ($4.1 billion) over the next five years, aiming to cement its position as the country's top electric vehicle maker amid rising
-
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.
-
New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
-
Tesla's India Head Resigns As Musk's Company Prepares For Country Launch: Report
Tesla's country head for India has resigned after nine years at the company and ahead of the U.S. EV maker's planned entry into the world's third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.
-
"Give Me A Break": Trump Tariffs Threaten Japan Auto Sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break."
-
Xiaomi EV Crash In China Raises Safety Concerns Over Assisted Driving Mode
Chinese EV maker Xiaomi said it would cooperate with a police investigation into a fatal crash involving one of its cars which had been in autonomous mode just before the accident.
-
Tesla Signs Deal for First India Showroom to Sell Imported EVs
Tesla has signed a lease deal to open its first showroom in Mumbai. The showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex near the city's airport, according to the papers.
-
Tata Safari, Harrier Stealth Edition Launched; Limited To 2,700 Units
Tata Motor India is celebrating 27 years of its popular SUV- the Safari. The Indian car maker has now launched the Stealth Edition for the Safari and Harrier, check details now.
-
Key Government Agency To Probe Ola Electric Over Product Issues
India's top product certification agency will investigate e-scooter maker Ola Electric's deficiency in service standards and product issues, India's consumer affairs secretary told Reuters on Thursday.
-
Mercedes Gets Maharashtra Pollution Control Body Notice After Suprise Check
Luxury car maker Mercedes-Benz has received a notice from the Maharashtra Pollution Control Board, accusing it of violating environmental rules
-
Elon Musk May Be World's 1st Trillionaire By 2027, Gautam Adani In 2028: Report
Elon Musk, CEO of electric car maker Tesla, SpaceX, may become the world's first trillionaire by 2027, while Indian tycoon Gautam Adani may attain that status in the following year, according to an Informa Connect Academy report.
-
Supreme Court Orders BMW To Pay Rs 50 lakh Compensation To Customer For Defective Car
The Supreme Court has directed luxury car maker BMW India Private Ltd to pay Rs 50 lakh as compensation to a customer for supplying a defective car in 2009.
-
Bugatti Shows Off Its First Hybrid Car. Check Price, Other Details
Supercar maker Bugatti on Thursday showed off its first hybrid car with a top speed of about 445 kilometres (275 miles) an hour and a price tag of more than $4 million.
-
Canadian Resident Of China Faces 10-Year Jail For Selling Tesla Secrets
A Canadian resident of China faces 10 years in prison after pleading guilty in US court to stealing industrial secrets from a leading American electric car maker, justice authorities said Thursday.
