According to a Friday article in the Nikkei newspaper, Toyota Motor would increase the manufacture of electric vehicles under its luxury Lexus and Toyota brands.

In Mexico, a state governor declared on Monday that Tesla (TSLA.O) and its suppliers would invest $15 billion over the following two years in a factory that is still being built, which is triple the amount that Mexican officials had before declared.

After years of uncertainty relating to Brexit, Britain’s auto industry received a new boost on Monday when BMW (BMWG.DE) announced it would invest 600 million pounds ($750 million) at its UK plants to convert its iconic Mini brand to all-electric by 2030.

Qualcomm (QCOM.O), a U.S. semiconductor manufacturer, announced on Tuesday that it will provide chips to luxury automakers Mercedes (MBGn.DE) and BMW (BMWG.DE) to power in-car infotainment systems.

TVS Motor Company reported a 440 percent YoY increase in EV sales in August on Friday. With headquarters in Chennai, India, TVS Motor Corporation is an international two-wheeler corporation.

Toyota Kirloskar Motor (TKM) had the best sales performance in August 2023 selling a total of 22,910 units which represents an increase of 53% compared to the previous year.

Maruti Company chairman Bhargava informed shareholders that the ‘Maruti 3.0 capacity development plan will focus on diverse power trains such as electric and hybrid cars, compressed natural gas (CNG), and ethanol.

On Tuesday, Nitin Gadkari, the minister of state for roads and highways, showcased a Toyota Innova HyCross ethanol-powered car. This vehicle is reportedly the first electrified flex-fuel BS-VI (Stage-II) vehicle in the world.

The Car Connectivity Consortium (CCC) reported today that PlugFest #5, facilitated by Shenzhen Snowball Innovation, zeroed in on Close field Correspondences (NFC) testing and united automakers and gadget producers to help advance CCC Digital Key in conveying a safe, easy, and general norm for vehicle access.

Chinese manufacturer of electric vehicles BYD Co Ltd announced on Monday that its subsidiary has agreed to purchase Jabil Inc’s mobility business in China for 15.8 billion yuan ($2.17 billion) from the Singaporean branch of the American manufacturing company.

The smart electric vehicle (EV) division of the world’s largest ride-hailing firm, Didi, will be acquired by the Chinese electric car startup Xpeng (9868. HK), according to the announcement. The two businesses will also establish a strategic alliance.

India is currently in the process of formulating a fresh EV or electric vehicle policy, with a specific focus on reducing import taxes for automakers willing to engage in local manufacturing.