Hyundai plans to invest $7.4 bn in US by 2025 on EVs, production facilities
Hyundai plans to invest $7.4 billion in US by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions
View ArticleChip shortage to cost automakers $110 bn in revenues in 2021: AlixPartners
The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million
View ArticleTata Motors board to meet next week to consider fund-raise proposal
The board meeting is scheduled to be held on May 18, 2021 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2021
View ArticleMoody's upgrades outlook on Tata Motors to 'Stable' on sustained recovery
Recovery is from the trough hit Q1 of FY21, is expected to sustain over next 12-18 months, while the firm's credit metrics strengthen as well
View ArticleHero MotoCorp to restart plant operations in staggered manner from May 17
Hero MotoCorp plans to restart plant operations in a staggered manner from May 17 after vaccinating 90 per cent of employees above the age of 45 years
View ArticleHyundai extends free service, warranty period amid Covid-19 second wave
Hyundai Motor India on Saturday said it has extended warranty and free service timelines by two months for its customers who are unable to avail services due to lockdown conditions in their cities or...
View ArticleTata Motors narrows Q4 loss on strong operational show by JLR, India biz
The company took a hit of Rs 15,000 crore to re-cast JLR business
View ArticleHyundai's EV plan at risk of losing impetus on parts shortage, subsidies
Hyundai's ambitious plan could fizzle out this year with delayed production and rapidly drying-up state subsidies, and its labor union's opposition to its massive investment in the US
View ArticleBajaj Auto extends free service period of all models till July 31
Bajaj Auto has extended the free service period of all its brands in the country till July 31 in the wake of lockdowns and travel restrictions announced by several states
View ArticleRoyal Enfield to recall 236,966 motorcycles due to defective ignition coil
Recall includes Classic, Bullet and Meteor models; defect can cause misfiring and reduce vehicle performance and in rare cases, can also cause electric short circuit
View ArticleSK Innovation, Ford to launch electric vehicle battery joint venture in US
South Korean battery maker SK Innovation and Ford Motor are set to announce a battery joint venture in the US to ensure a stable supply of batteries for electric vehicles, industry sources said
View ArticleAshok Leyland offers life, health insurance of Rs1 lakh to channel partners
An estimated 15,000-20,000 people are likely to be benefited by this initiative, the company said
View ArticleTesla cars barred from some Chinese govt compounds over security concerns
Staff at some Chinese government offices have been told not to park their Tesla Inc cars inside government compounds due to security concerns over cameras installed on the vehicles
View ArticleHuawei-Changan smart car partnership expands to include chips: Report
China's Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of auto-use semiconductors
View ArticleMusk thinks Tesla is close to establishing a local presence in Russia
Russia would be a surprise choice for a Tesla factory location anytime soon.
View ArticleHyundai raises hydrogen game as new class of Xcient trucks roll into Europe
A new class of the Xcient Hyundai truck, equipped with more efficient fuel cells with longer life-span, is due to arrive in Europe in the fourth quarter, said Mark Freymueller, CEO of Hyundai Hydrogen
View ArticleRenault-Nissan, Hyundai face shutdowns in India over workers' Covid fears
The workers have alleged their Covid-related safety demands have not been met
View ArticleRenault-Nissan, Hyundai face shutdowns in India over workers' Covid fears
The state has imposed a lockdown until May 31 but allowed some factories, including auto plants, to continue operating
View ArticleTamil Nadu govt supervision needed at Renault Nissan plant: Madras HC
The Madras High Court has ordered the Tamil Nadu government to have supervision at Renault Nissan Automotive India Private Ltd so that the workmen are not forced to work risking their health
View ArticleTriumph drives in new Bonneville Bobber in India priced at Rs 11.75 lakh
British premium motorcycle brand Triumph Motorcycles on Tuesday said it has launched the updated version of Bonneville Bobber in India priced at Rs 11.75 lakh (ex-showroom).
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