Category: Auto

A joint venture between Indian conglomerate JSW Group and MG Motor is expected to sell 1 million electric vehicles in India by 2030, capturing a third of the market, JSW executives said. The two companies said that the joint venture plans to enter the high-end passenger car field and launch a new model “Cyberster EV”…

Xiaomi’s chief executive on Monday said his aim for the company’s first electric car is that it will be the “most beautiful, easiest to drive and smartest car” priced under 500,000 yuan (roughly Rs. 57,93,508), as the Chinese electronics maker prepares to take orders this week. The company will announce its official price range on…

Chinese smartphone maker Xiaomi on Thursday launched a sporty electric car with Porsche-inspired styling and a lower price than the Tesla Model 3, underscoring fierce competition from new entrants in China’s already crowded EV market. The standard SU7 electric model will be priced at CNY 215,900 ($29,872.02, approximately Rs. 24,89,948), while the Pro and Max…

China’s Xiaomi has suggested that potential buyers of its SU7 electric sedan could face a wait of four to seven months, signaling strong demand for its first car. The maker of smartphones and other consumer electronics started taking orders on Thursday and said it had taken 88,898 pre-orders in the first 24 hours. According to…

Tesla will send a team from the United States to India by the end of April to study the location of a proposed electric vehicle factory worth US$2 billion to US$3 billion (approximately Rs 16,691 crore to Rs 25,036 crore), the Financial Times reported on Wednesday, citing people familiar with the matter. The company’s move…

Tesla shares recovered from steep losses in intraday trading after Chief Executive Elon Musk denied reports that the automaker had scrapped plans to build cheaper cars. Tesla shares fell 6.2% on Friday after Reuters reported, citing anonymous sources and company sources it reviewed, that Tesla had canceled the project. As of 1 p.m. Friday, New…

India will need to continue subsidizing e-scooters in the coming years to encourage people to move away from polluting motorcycles, the chief executive of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial for India to achieve its goal of electrifying 70% of its two-wheelers by…

Tesla Chief Executive Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to announce plans to invest and open a new factory in the country, two people with direct knowledge of the matter said. The billionaire will meet Prime Minister Narendra Modi in New Delhi the week of…

Elon Musk has postponed a trip to India that would have included a meeting with Prime Minister Narendra Modi, saying he had to deal with “very onerous” obligations at Tesla Inc. “Unfortunately, Tesla’s onerous obligations require the postponement of the visit to India, but I very much look forward to the visit later this year,”…

South Korea’s Hyundai Motor Group will launch its first Indian-made electric car in 2025, as the owner of the Hyundai and Kia brands looks to bolster its presence in an emerging segment dominated by Tata Motors. Production of Hyundai Motor’s locally made electric cars will start in late 2024 and will be launched in 2025,…