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Toyota will invest $5.3 billion to increase battery production in the US and Japan.-thumnail

Toyota will invest $5.3 billion to increase battery production in the US and Japan.

The Japanese company established a two trillion dollar budget in December for the research and development of automobile batteries, which includes a portion of the funds. Toyota announced on Wednesday

Automotive

Aug 31, 2022

Suzuki Motor Corporation to setup a Suzuki R&D center in India; foundation laid for EV plant-thumnail

Suzuki Motor Corporation to setup a Suzuki R&D center in India; foundation laid for EV plant

The vehicle manufacturing facility in Kharkhoda, Haryana, will have the potential to make one million passenger vehicles per year. This would make the unit one of the largest passenger vehicle

Automotive

Aug 29, 2022

TATA sons are likely to write off Rs. 2,600 crores of AirAsia India’s accumulated losses.-thumnail

TATA sons are likely to write off Rs. 2,600 crores of AirAsia India’s accumulated losses.

Air India, earlier this year, offered to buy the entire equity share capital of AirAsia India, in which Tata Sons has an 83.67 percent stake. Air India has sought the

Automotive

Aug 24, 2022

<strong>Electrical vehicle annual sales volumes set to cross 18 million by 2030</strong>-thumnail

Electrical vehicle annual sales volumes set to cross 18 million by 2030

The FAME II incentives scheme, which was launched by the government to look into ways to make EVs cheaper and attractive to the end-users and has now been extended to

Automotive

Aug 23, 2022

<strong>US Car maker Ford Motor reportedly confirms laying off around 3,000 employees.</strong>-thumnail

US Car maker Ford Motor reportedly confirms laying off around 3,000 employees.

He has said he aims to cut $3 billion in annual costs by 2026 to reach a 10 percent pretax profit margin by then, up from 7.3 percent last year. 

Automotive

Aug 23, 2022

Indian Electric Vehicle Market To Hit Annual Sales  Of 17 Million Units by 2023-thumnail

Indian Electric Vehicle Market To Hit Annual Sales  Of 17 Million Units by 2023

The sales of electric vehicles in the Indian market are expected to expand at an annual compound rate of 49% by the end of 2030. The factors affecting petrol and

Automotive

Aug 23, 2022

The AP organizes a CEO-Ministerial dialogue in order to attract $4 billion in investment in the EV sector-thumnail

The AP organizes a CEO-Ministerial dialogue in order to attract $4 billion in investment in the EV sector

Andhra Pradesh is hosting the first-ever CEO-Ministerial Dialogue under the World Economic Forum-Moving India Network in order to attract $4 billion in investment in the EV segment. On Friday, Andhra

Automotive

Aug 5, 2022

Ride-sharing company to fire nearly 1000 employees as focus shifts to electric mobility business-thumnail

Ride-sharing company to fire nearly 1000 employees as focus shifts to electric mobility business

“Ola is planning to hire about 800 people for cars alone and additionally for cell development…,”. The source added, “Even as they are letting go of people, there are more

Automotive

Jul 29, 2022

Mercedes expects that demand will continue to outpace supply. -thumnail

Mercedes expects that demand will continue to outpace supply. 

When the automaker released better-than-expected second-quarter earnings on Wednesday, it cited “strong” orders and “robust and high-quality” demand for vehicles like the flagship electric EQS. Later this year, a new

Automotive

Jul 27, 2022

Car Squad India- North-East India’s first premium car detailing company to provide services at the doorstep of the customers-thumnail

Car Squad India- North-East India’s first premium car detailing company to provide services at the doorstep of the customers

We all know that life is a journey of beautiful experiences. The moment we choose to give priority over others dictates the sort of future we are thinking for ourselves.

Automotive

Jul 21, 2022

To increase the profitability of its commercial vehicle business, Tata Motors hires McKinsey-thumnail

To increase the profitability of its commercial vehicle business, Tata Motors hires McKinsey

The mission for McKinsey includes a thorough plan to deal with pricing, margins, structure, rightsizing, worldwide company expansion, etc. over the course of the proposed 12-month relationship. According to four

Automotive

Jul 15, 2022

UK’s BII and M&M join hands to set up an electric vehicle production entity-thumnail

UK’s BII and M&M join hands to set up an electric vehicle production entity

M&M and BII will invest $250 million each into the new entity called EV Co. at a valuation of Rs 70,070 crore ($9 billion). The two companies have signed a

Automotive

Jul 8, 2022


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