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.
Before you can drive your two-wheeler in India, you need to have a third-party insurance plan. This policy offers the most basic coverage that is necessary as per law and is mandatory for you to have. Without a 5-year third-party bike insurance for a new bike, you face a fine as well as the possibility […]
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 […]
Automobile demand and production across personal mobility and goods movement is a sign of the country’s economic growth. Mint explains some exciting trends and points out potential risks according to wholesale auto data for February. February numbers for auto sales OEMs dispatched wholesale passenger cars in sustained volumes in February. However, two-wheeler production saw a […]
Canada invests a total of C$250 million in surging its semiconductor manufacturing. The investment also covers chips research and bolster manufacturing. Semiconductors are crucial to national security and technological advancement. François–Philippe Champagne launched the C$150 million Semiconductor Challenge Callout fund. Canada invests in the semiconductor industry The minister of innovation, science and industry launched the […]
Tesla’s CEO Thinks The Company Needs To Cut Staff By 10%; Pause All Hiring
Elon Musk, the CEO of Tesla and SpaceX, sent an email on Thursday saying that his company needed to cut staff by 10 per cent until it can achieve profitability. With a hefty cost accounting for shooting up the price of Tesla cars in China, the CEO is hoping skills changes will reduce expenses and […]