Ola could be adding an advanced driver assistance system (ADAS) to its S1 Pro scooter in the premium category. Bhavish Aggarwal, the CEO of Ola, shared a teaser video that showed a small screen, mounted on a metal stand, fixed next to the speedometer of what looks like the orange variant of its electric S1 … Read more
Italian automaker Automobili Lamborghini plans to deploy hybrid technology in its models in India by the end of 2024 as the Italian super sports car maker aims to halve the emissions from its cars in the coming years, according to a top company executive. The niche player also expressed confidence that the country’s taxation policy … Read more
Tesla will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it will debut a much-awaited affordable electric vehicle. Shares fell more than 5 percent in after hours trade following the company’s investor day from its Texas headquarters. More than … Read more
Nissan Motor on Monday raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla. The Japanese automaker was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf but has struggled … Read more
Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion (roughly Rs 8,277 crore) via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake, the newspaper report added, eyeing a … Read more
The Tamil Nadu government on Tuesday unveiled its electric vehicle (EV) policy 2023 which aims to garner investments to the tune of Rs. 50,000 crore and generate 1.50 lakh jobs, in a boost to the EV industry. Chief Minister M K Stalin formally released the new policy in the presence of government officials at the … Read more
Japanese car maker Nissan will buy a stake of up to 15 percent in Renault’s electric vehicle (EV) unit Ampere, the pair said on Monday, in a reboot of a long and sometimes contentious alliance that will also create more common car platforms. The agreement, which came after months of tense talks, includes the previously … Read more
Suzuki Motor will invest JPY 4.5 trillion (roughly Rs. 2,85,614 crore) through fiscal 2030 in research, development and capital spending to make battery electric vehicles (EVs), it said on Thursday. The Japanese automaker known for making compact “kei” cars said it would invest JPY 2 trillion in electrification and autonomous driving technologies, while allocating JPY 2.5 … Read more