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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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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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VinFast to Open India Factory June 30, Indonesia Plant in October
Vietnamese electric vehicle maker VinFast Auto is pushing expansion in India, Indonesia, and the Philippines. VinFast expects to open its India manufacturing plant June 30, followed by an Indonesia plant in October, company founder and CEO Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC.
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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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Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
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India Probing Three EV Makers For Fraudulently Taking Subsidies: Report
India is investigating three electric vehicle makers for fraudulently availing government subsidies totaling Rs 2.97 billion, the Ministry of Corporate Affairs (MCA) said on Monday.
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
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Elon Musk's Tesla Promises Paid Robotaxis Next Year
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim likely to face significant regulatory and technical challenges.
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Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
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Ola Electric IPO Opens Subscription: Here's Everything You Need To Know
The initial public offer (IPO) of electric vehicle (EV) maker Ola Electric mobility opened for subscription on Friday, August 2.
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PM Modi Plans Post-Election Reforms To Rival Chinese Manufacturing
Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter
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"Distressing": Indian Woman In US Among 10% Of Employees Laid Off From Tesla
An Indian woman in the US recently took to LinkedIn to share her sudden layoff by electric vehicle maker Tesla.
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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
-
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.
-
VinFast to Open India Factory June 30, Indonesia Plant in October
Vietnamese electric vehicle maker VinFast Auto is pushing expansion in India, Indonesia, and the Philippines. VinFast expects to open its India manufacturing plant June 30, followed by an Indonesia plant in October, company founder and CEO Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC.
-
"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."
-
Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
-
Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
-
India Probing Three EV Makers For Fraudulently Taking Subsidies: Report
India is investigating three electric vehicle makers for fraudulently availing government subsidies totaling Rs 2.97 billion, the Ministry of Corporate Affairs (MCA) said on Monday.
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
-
Elon Musk's Tesla Promises Paid Robotaxis Next Year
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim likely to face significant regulatory and technical challenges.
-
Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
-
Ola Electric IPO Opens Subscription: Here's Everything You Need To Know
The initial public offer (IPO) of electric vehicle (EV) maker Ola Electric mobility opened for subscription on Friday, August 2.
-
PM Modi Plans Post-Election Reforms To Rival Chinese Manufacturing
Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter
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"Distressing": Indian Woman In US Among 10% Of Employees Laid Off From Tesla
An Indian woman in the US recently took to LinkedIn to share her sudden layoff by electric vehicle maker Tesla.
