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The all-new Volvo S60 is designed to help save lives: Volvo
short by Roshan Gupta / on 13 Jan 2021,Wednesday
Every car, Volvo said, is made to give people the journey of their lives while preparing them for every surprise on the way. The latest luxury sedan, the Volvo S60, lets you rediscover the thrill of driving, be it inside or outside, it is designed to help save lives while helping us keep our promise, it further mentioned.
short by Roshan Gupta / 10:30 am on 13 Jan
Aprilia SXR 160 is here to maximise your life: Piaggio India
short by Roshan Gupta / on 15 Jan 2021,Friday
The all-new Aprilia SXR 160 brings together a premium combination of style, performance and extraordinary comfort for an unbelievable riding experience, the company mentioned. Designed in Italy for India, it represents the new Aprilia design philosophy. Here's a ride that will transform your everyday experiences and lead you to maximise every one of them, the company added.
short by Roshan Gupta / 06:04 pm on 15 Jan
Own a car without buying it : Revv Subscriptions
short by Roshan Gupta / on 14 Jan 2021,Thursday
You can now drive a new car every month as Revv provides the option to subscribe to your favourite car for 1-36 months with ₹0 down payment, ₹0 road tax and without the hassle of maintenance and service. The car will be sanitized and delivered to your doorstep ensuring complete safety for you and your loved ones.
short by Roshan Gupta / 09:00 am on 14 Jan
Tata Motors' 'tere mere pyaar...' tweet sparks Tesla tie-up rumours, firm denies
short by Krishna Veera Vanamali / on 16 Jan 2021,Saturday
After a tweet by Tata Motors Electric Mobility, a division of Tata Motors, on Friday sparked rumours of a tie-up with Tesla, the Indian automaker said it "categorically denies all rumours suggesting the same". "We have not taken any decision regarding a strategic partner for our PV business," it added. Shares of Tata Motors jumped nearly 7% after the tweet.
short by Krishna Veera Vanamali / 11:17 am on 16 Jan
Tesla enters India, registers itself as a company in Bengaluru
short by Pragya Swastik / on 12 Jan 2021,Tuesday
Tesla has marked its entry in India and registered itself as a company in Bengaluru. According to a Registrar of Companies filing, the new entity 'Tesla India Motors and Energy Private Limited' is classified as a subsidiary of a foreign company. Tesla has named Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as the three directors at the new entity.
short by Pragya Swastik / 09:36 pm on 12 Jan
Who are the three directors in Tesla's new Indian subsidiary?
short by Krishna Veera Vanamali / on 13 Jan 2021,Wednesday
Tesla has named Vaibhav Taneja, David Jon Feinstein and Venkatrangam Sreeram as directors in its newly-registered Indian subsidiary, Tesla India Motors and Energy. While Taneja is Tesla's Chief Accounting Officer, Feinstein is Senior Director, Global Trade & New Markets. Sreeram is a Bengaluru entrepreneur who has co-founded automotive tech companies Xenon Automotive and ClearQuote.
short by Krishna Veera Vanamali / 10:04 am on 13 Jan
General Motors unveils self-driving, flying Cadillac car concept
short by Hiral Goyal / on 13 Jan 2021,Wednesday
General Motors has unveiled a Cadillac-branded autonomous, flying vehicle concept at the 2021 CES show which is capable of carrying passengers from rooftop to rooftop. The single-seater electric vehicle takes off and lands vertically and can travel at speeds of up to 88.5 kmph. The concept is GM's first foray into aerial mobility and unlikely to go into production.
short by Hiral Goyal / 05:32 pm on 13 Jan
Tata Motors Electric Mobility, a division of Tata Motors, on Friday tweeted, "Aajkal tere mere pyaar ke charche har akhbaar mein, sabko malum hai aur sabko khabar ho gayi!", while tagging Elon Musk and Tesla, amid rumours of a joint venture between the two. The account, though unverified, is followed by Tata Motors' official handle. The tweet was deleted later.
short by Rishabh Bhatnagar / 10:38 am on 16 Jan
As promised: Elon Musk on Tesla's India entry
short by Pragya Swastik / on 14 Jan 2021,Thursday
Elon Musk has tweeted "as promised" in response to a news article about Tesla's entry into India. His response came after it was revealed that Tesla registered a new Indian subsidiary in Bengaluru and named its three directors. Last year, Elon Musk tweeted, "Next year for sure," in response to a user enquiring about Tesla's India entry.
short by Pragya Swastik / 07:00 am on 14 Jan
Mahindra & Mahindra cuts over half of its North America workforce: Reports
short by Krishna Veera Vanamali / on 13 Jan 2021,Wednesday
Mahindra & Mahindra has reportedly cut over half of the workforce at its North American unit, which had over 500 employees in early 2020. Affected positions include engineers and manufacturing jobs at its Detroit plant that produces Roxor, as well as sales executives. Mahindra cited COVID-19 and a legal battle with Fiat Chrysler over an earlier Roxor model for layoffs.
short by Krishna Veera Vanamali / 03:32 pm on 13 Jan
Indians seek value for money even in luxury products: Mercedes-Benz India CEO
short by Rishabh Bhatnagar / on 12 Jan 2021,Tuesday
Mercedes-Benz India CEO Martin Schwenk said Indians "look for value for money and that's even in a high-end product." He also remarked that usage in India is also different compared to other markets as many consumers here prefer the car to be chauffeur-driven. He said balancing between making car equally chauffeur and owner-friendly makes India "a slightly more difficult market".
short by Rishabh Bhatnagar / 05:27 pm on 12 Jan
Tesla to route India investment through Tesla Motors Amsterdam
short by Hiral Goyal / on 18 Jan 2021,Monday
Elon Musk-led Tesla's investment for the Indian unit will be routed through the jurisdiction of Netherlands, as it has registered Tesla Motors Amsterdam as the parent organisation for Tesla India Motors and Energy, according to the company's incorporation documents. This would offer Tesla tax benefits related to capital gains and dividend payments, tax experts told Economic Times.
short by Hiral Goyal / 06:20 pm on 18 Jan
Tesla asks US safety agency to declare speed display issue inconsequential
short by Rishabh Bhatnagar / on 16 Jan 2021,Saturday
Elon Musk-led Tesla asked the US National Highway Traffic Safety Administration (NHTSA) to declare its speed display issue as inconsequential to safety, reported Reuters. Over six lakh Tesla vehicles do not comply with safety standards because displays can be switched from miles per hour to only metric measurements. Tesla said a majority of vehicles have since corrected the issue.
short by Rishabh Bhatnagar / 10:00 am on 16 Jan
Chip shortage forces Ford, Toyota, Nissan to cut vehicle production
short by Aishwarya Awasthi / on 10 Jan 2021,Sunday
Ford, Toyota, Fiat Chrysler and Nissan said that they would cut vehicle production this month due to a shortage of semiconductors. Honda has also said its output in Japan could be affected by a shortage of semiconductors. Ford said it will idle its Louisville assembly plant. Fiat Chrysler will be delaying the restart of production at its Toluca plant.
short by Aishwarya Awasthi / 04:55 pm on 10 Jan
Fiat Chrysler, US startup Archer partner to build electric aircraft
short by Aishwarya Awasthi / on 13 Jan 2021,Wednesday
Fiat Chrysler and US-based startup Archer have partnered to produce an electric vertical take-off and landing (eVTOL) aircraft. FCA will provide input that contributes to Archer's eVTOL cockpit's design, among other things. The aircraft will be powered by an electric motor and will be able to fly about 96 kilometres high at a ​top speed of around 241 kilometres/hour.
short by Aishwarya Awasthi / 08:00 am on 13 Jan
Tesla looking for sale, charging sites in Mumbai: Report
short by Rishabh Bhatnagar / on 12 Jan 2021,Tuesday
Elon Musk-led Tesla has launched an extensive exercise to look for sites for sale and marketing of its electric cars which will be imported initially, reported The Free Press Journal. The company will also reportedly speak to Tata Power and Adani Electricity for its charging facilities. The company has also sought the intervention of the Maharashtra government, it reported.
short by Rishabh Bhatnagar / 02:59 pm on 12 Jan
US carmakers ask for government's help amid global chip shortage
short by Aishwarya Awasthi / on 16 Jan 2021,Saturday
The AAPC, a lobbying organisation for GM, Ford Motor and US operations of FCA, has asked the US government to help find a solution to the global chip shortage. It said the issue could diminish automakers' production and affect the US economy negatively. AAPC President Matt Blunt said he has also begun "nascent" discussions with the President-elect Joe Biden's administration.
short by Aishwarya Awasthi / 03:10 pm on 16 Jan
Apple and Hyundai Motor plan to sign a partnership deal on autonomous electric vehicles (EVs) by March and start production as soon as 2024 in US, Korea IT News reported. The companies also plan to introduce a "beta version" of Apple cars next year, the report added. Earlier, Hyundai confirmed it was in talks with Apple, before retracting the statement.
short by Hiral Goyal / 09:00 am on 11 Jan
Fiat Chrysler (FCA) and Peugeot owner PSA Group have sealed their $52 billion merger to create Stellantis, the world's fourth largest automaker. The merged entity will have annual sales of around 8.1 million vehicles. Stellantis can cut annual costs by around $6.1 billion without plant closures, a statement said. FCA and PSA first announced plans to merge in October 2019.
short by Kiran Khatri / 02:19 pm on 17 Jan
Jaguar Land Rover sales drop 24% in pandemic-hit 2020
short by Ravi Dutta Mishra / on 12 Jan 2021,Tuesday
Tata Motors-owned Jaguar Land Rover sales dropped nearly 24% in the calendar year 2020 owing to the ongoing pandemic. However, the company said that it saw a 13.1% quarter-on-quarter increase in sales during the October-December period. JLR's sales in China grew 19.1% year-on-year while it slipped by 16.3% in Europe and 17.2% in North America in the quarter.
short by Ravi Dutta Mishra / 10:56 am on 12 Jan
Tesla's success should justify its share price: Raghuram Rajan
short by Rishabh Bhatnagar / on 14 Jan 2021,Thursday
Economist and former Reserve Bank of India (RBI) Governor Raghuram Rajan said Tesla's success and spread of vehicles must be viewed firmly and should justify its rising stock price. He added that Tesla is a case of a stock that's being priced at many multiples of the price of automakers such as Toyota or General Motors.
short by Rishabh Bhatnagar / 04:02 pm on 14 Jan
Audi will delay the production of some of its high-end cars due to a global shortage of computer chips, CEO Markus Duesmann said in an interview. The carmaker, part of the Volkswagen Group, has also put over 10,000 workers on furlough due to this, he added. Audi expects to make up for lost time in the second half of 2021.
short by Kiran Khatri / 02:30 pm on 18 Jan
Passenger vehicle retail sales grow by 24% in December: FADA
short by Kiran Khatri / on 11 Jan 2021,Monday
Passenger vehicle (PV) retail sales in December rose by 24% year-on-year to 2,71,249 units, the Federation of Automobile Dealers Associations (FADA) said. Automobile registrations across the country grew by 11% in December from the year-ago period, showing positive growth for the first time in 2020-21, FADA added. Commercial vehicle sales fell 13.5% year-on-year to 51,454 units in December 2020.
short by Kiran Khatri / 05:11 pm on 11 Jan
Tata Motors' shares rise 11% amid reports of tie-up with Tesla
short by Rishabh Bhatnagar / on 12 Jan 2021,Tuesday
Tata Motors' shares surged further 11% on Tuesday amid reports of it partnering with Tesla in India. On Monday, its shares had climbed 13%. Its shares also rose as it posted a 13.1% increase in the number of sales of Jaguar Land Rover (JLR) vehicles in the December quarter. The company added that China sales for JLR were "particularly encouraging".
short by Rishabh Bhatnagar / 02:37 pm on 12 Jan
Retail auto sales grow for 1st time in FY21 in December
short by Ravi Dutta Mishra / on 12 Jan 2021,Tuesday
Retail automobile sales registered growth for the first time during the ongoing fiscal in December, data released by the Federation of Automobile Dealers Associations (FADA) showed. Retail sales across categories grew 11% during December due to "festive season and pre-buying due to price hike announcement". However, FADA said that the demand for vehicles in January looks "bleak".
short by Ravi Dutta Mishra / 12:46 pm on 12 Jan
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