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Tag: Automotive
India’s Toyota Lobbies to Cut Hybrid-car Taxes by as Much as 21%-thumnail

India’s Toyota Lobbies to Cut Hybrid-car Taxes by as Much as 21%

According to a company letter, Toyota Motor of Japan is lobbying with the Indian government to reduce taxes on hybrid automobiles by up to 50%, claiming that they are significantly

Automotive

Oct 23, 2023

Virat Kohli Car Collections-thumnail

Virat Kohli Car Collections

Virat Kohli is an eminent Indian cricketer representing the Indian national cricket team in international matches, the Royal Challengers Bangalore in the prestigious Indian Premier League (IPL), and the Delhi

Automotive

Oct 16, 2023

BMW will invest $750 million in UK plants to take Mini electric-thumnail

BMW will invest $750 million in UK plants to take Mini electric

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.

Automotive

Sep 11, 2023

Qualcomm will provide Mercedes and BMW with chips for displays, voice features-thumnail

Qualcomm will provide Mercedes and BMW with chips for displays, voice features

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.

Automotive

Sep 5, 2023

August saw a 5-fold increase year over year in TVS Motors’ EV sales, with a 4% increase in total sales-thumnail

August saw a 5-fold increase year over year in TVS Motors’ EV sales, with a 4% increase in total sales

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.

Automotive

Sep 1, 2023

Cash reserves to back plan to increase manufacturing capacity: Maruti Company chairman -thumnail

Cash reserves to back plan to increase manufacturing capacity: Maruti Company chairman 

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.

Automotive

Aug 29, 2023

The world’s first 100% ethanol-powered car developed by Toyota  was unveiled by Nitin Gadkari-thumnail

The world’s first 100% ethanol-powered car developed by Toyota  was unveiled by Nitin Gadkari

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.

Automotive

Aug 29, 2023

Shaping Connected Mobility: Automakers and Device Manufacturers Drive CCC Digital Key Agenda-thumnail

Shaping Connected Mobility: Automakers and Device Manufacturers Drive CCC Digital Key Agenda

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.

Automotive

Aug 28, 2023

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry-thumnail

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Automotive

Aug 11, 2023

The sale of Yellow Corp assets could exceed $1.4 billion – Fox Business-thumnail

The sale of Yellow Corp assets could exceed $1.4 billion – Fox Business

The assets of trucking company Yellow Corp (YELL.O) have drawn substantial interest and their sale may exceed the $1.4 billion in secured debt held by the business, Fox Business said on Tuesday.

Automotive

Aug 9, 2023

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX-thumnail

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX

CarTrade Tech Ltd. witnessed a commendable increase in its stock price when it successfully acquired Sobek Auto India Pvt. Ltd., a prominent automotive digital platform from OLX India.

Automotive

Jul 11, 2023

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru-thumnail

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru

Carl Zeiss India has announce­d plans to invest more than 250 million euros in the­ creation of its largest vision factory in Bengaluru. This state­-of-the-art facility is expecte­d to be finished by October 2024 and will bring re­markable advancements in le­ns production, with a potential sixfold increase. Its daily output alone­ will reach an impressive 260,000 le­nses.

Automotive

Jul 5, 2023


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