Category: Auto

Chinese smartphone maker Xiaomi took the wraps off its first electric car on Thursday and immediately announced its goal to become one of the world’s top five automakers. Dubbed SU7, the sedan is a highly anticipated model that is expected to take advantage of the operating system shared with the company’s popular phones. But the…

Indian carmaker Mahindra & Mahindra told the government there must be a level playing field between domestic and foreign companies and local manufacturing must be promoted, an executive said as New Delhi seeks to attract automakers such as Tesla. Mahindra and Tata Motors have privately pressured Indian officials not to reduce 100% import taxes on…

BMW India posted strong sales performance in 2023. All three brands – BMW, MINI and BMW Motorrad – achieved record annual sales (January to December), thus maintaining their excellent performance. In 2023, the combined sales volume of BMW and MINI brand cars was 14,172 units. In addition, the BMW Motorrad division sold 8,768 motorcycles. The…

Apple has reportedly revised its electric vehicle (EV) manufacturing plans as the company scales back its ambitions for its first car. While the iPhone maker was previously expected to develop and launch a “self-driving” car similar to Tesla vehicles, it will now focus on launching electric vehicles with some connected car features, according to a…

Indian automaker Tata Motors has cut the price of its cars by 120,000 rupees ($1,450), its electric vehicle (EV) unit said on Tuesday, marking the first price cut by an electric car maker in the country. Currently, electric models account for just 2% of Indian car sales as buyers remain wary of higher upfront costs…

The Indian electric vehicle market is extremely competitive. You can easily find electric cars in almost every price range. As of now, Tata Motors holds a leading position in the electric vehicle (EV) market, accounting for about 70% to 75% of the EV market share. To maintain its position in the electric vehicle segment, the…

Vietnam’s electric car maker VinFast has asked India to reduce import duties on its cars in about two years so customers can become familiar with its products while local manufacturing plants come online, a top executive said on Sunday. VinFast India CEO Pham Sanh Chau told Reuters that VinFast has started building a factory in…

Apple Inc. is scrapping its decade-long effort to build electric cars, abandoning one of the most ambitious projects in the company’s history, according to people familiar with the matter. Apple disclosed the news internally on Tuesday, surprising the nearly 2,000 employees working on the project, people familiar with the matter said. The person spoke on…

China’s Xiaomi said on Tuesday it would start delivering its first electric car, the SU7, this month, entering the world’s largest car market amid a brutal price war. China’s fifth-largest smartphone maker said on Weibo that it has 59 stores in 29 cities across the country and will accept orders. A launch event is expected…

India said on Friday it would reduce import taxes on certain electric vehicles for companies that commit at least $500 million (about Rs 4,142 crore) to investment and manufacturing facilities over three years, potentially bolstering Tesla’s plans to enter the market. The policy is a big win for Tesla because it is in line with…