Hyundai Motor Group, led by billionaire Euisun Chung, announced on Tuesday that it will plan to spend $18 billion on its domestic EV manufacturing business. Hyundai will plan to expand domestic EV production to 1.51 million units by 2030, and global EV production to 3.64 million units by 2030, including Hyundai Motor, sister company Kia
Dream cars are the most expensive cars in the world and come with some of the biggest price tags. When it comes to high-end tech hyper cars, a few specific companies come to mind: Bugatti, Ferrari, Koenigsegg, and Pagani, among others. These manufacturers have pasted themselves as the top dogs in the supercar and hyper
As the new fiscal year approaches, the auto industry is gearing up for another price hike due to stricter emissions standards. Typically, automakers increase vehicle prices starting on April 1. This time, high inflation and regulatory requirements are driving up prices. Several automakers have raised their vehicle prices to comply with new environmental regulations, including
On Wednesday, IFC announced that it will invest Rs 600 crore in a new last-mile mobility (LMM) company, a subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo). As IFC’s first investment in an EV manufacturer, and the first in electric three-wheelers globally, it will be in the form of compulsory convertible instruments
In its first annual earnings since parent Volkswagen took the sports-car maker public last year, Porsche unveiled plans to launch a new electric SUV. According to the German company – Porsche, the new luxury SUV will be a cornerstone of its plan to boost profitability by focusing more on high-end automotive buyers. Porsche has always
However, insuring your vehicle gives you peace of mind and hence it is necessary to cover your EV under a third-party insurance. It covers all kinds of damage to you, your vehicle and third-party.
According to preliminary surveys by the Atomic Minerals Directorate for Exploration and Research (AMD) on the limited surface of the Marlagalla-Allapatna area in Mandya district in Karnataka, there are 1,600 tonnes of lithium resources present in the pegmatites. As per the sources, AMD is also exploring lithium in potential geological areas of the Yadgir district
Vital components in the manufacturing of several modern, tech-enabled products, semiconductor is a crucial component in the manufacturing sector in India. However, their production is limited to only a few countries across the globe owing to the exorbitant costs involved. The global events that unfolded in the recent past, such as the pandemic and the
Are you in the market for a new car? Maybe you’re feeling a bit extravagant, and you want to buy a top-of-the-line, luxury car that is all bells and whistles. The best way to do that is to do your research, explore all of your options, and buy a luxury car that you’ll be happy
Automobili Lamborghini is reportedly planning to launch a hybrid car next year in India, and Mercedes Benz already has three electric cars scheduled for release over the course of this year. A report by ETAuto indicates that the Italian car-maker is planning on launching its first hybrid car to markets in India in response to
