To own a car in Singapore, a buyer must bid for a certificate that now costs a record S$146,002 (over ₹88.6 lakh), equivalent to four Toyota Camry Hybrids in the US. This makes Singapore the world's most expensive place to buy a car. Singapore has a 10-year "certificate of entitlement" system, introduced in 1990, to control the number of vehicles.

Maruti Suzuki India received a ₹2,160-crore draft assessment order from Income Tax authority. The order was received for FY 2019-20 wherein "certain additions/disallowances amounting to ₹2,160 crore with respect to returned income (the income disclosed by the Company in its IT return) have been proposed," Maruti Suzuki said. The company will file its objections before the Dispute Resolution Panel.

Tesla on Monday announced that its production dipped to 430,488 vehicles in the third quarter, compared to 479,700 vehicles produced in the previous quarter. The automaker delivered 435,059 vehicles in Q3, around 7% less than Q2. "A sequential decline in volumes was caused by planned downtimes for factory upgrades," the company said.

California-based Alef Aeronautics unveiled a prototype of world's first flying car at Detroit Auto Show. It's expected to be launched after two years. The around ₹2.46-crore car, which will have dimensions similar to an SUV, can fit two passengers. The fully-electric car, with a flying range of 110 miles, will allow users to drive up to 200 miles on roads.

US civil rights agency EEOC sued electric car maker Tesla for allegedly tolerating racial harassment of Black employees in California. As per the lawsuit, Black employees faced abuse and epithets such as variations of the N-word, "monkey" and "black b**ch". They allegedly encountered graffiti, including variations of the N-word, swastikas and nooses, on desks, in bathrooms and within elevators.

Centre is considering Elon Musk-owned Tesla's request for incentives to set up a testing hub in India, a senior government official told Moneycontrol. The government feels there will be benefits in bringing the industry to India, but there's room for negotiations, the official said. The government may look at offering benefits if there's a model to scale, the official added.

Hyundai and Kia are recalling 33.7 lakh vehicles in the US due to fire risk, telling owners to park outdoors until repairs are complete. Internal brake fluid leaks can cause an electrical short that could lead to a fire. Hyundai has reports of 21 fires since 2017, while Kia has reports of at least 10 confirmed fires and melting incidents.

US President Joe Biden joined United Auto Workers (UAW) in Detroit, where thousands of union members are striking over about 40% pay rise and a 32-hour work week. A video showed Biden using a bullhorn to say, "UAW saved automobile industry...in 2008...[when] companies were in trouble." Striking union workers deserve the pay raise and other benefits they're demanding, he added.

Mahindra & Mahindra has issued a statement after FIR was filed against the company for "false assurances" on car safety. It was reported that a man who lost his son to a car accident had filed a complaint. Stating that the case is over 18 months old, the company said the "Scorpio S9 variant manufactured in 2020 did have airbags".

Union Petroleum Minister Hardeep Singh Puri on Monday flagged off India's first green hydrogen fuel cell bus from Kartavya Path in Delhi. "The fuel cell utilises hydrogen and air to generate electricity to power the bus and the only by-product...is water," Puri said while explaining the cells' working. The cells take a few minutes to fully charge themselves, he added.