Category: Auto

Ola Electric Mobility, India’s largest maker of electric two-wheelers, reported on Thursday that its quarterly loss widened as sales fell and it offered deep discounts to beat growing competition. The company lost Rs. Revenue for the quarter ended March 31 was 8.7 billion rupees ($101.8 million), compared with a loss of 8.7 billion rupees ($101.8…

India will open applications for its flagship policy that offers global electric carmakers lower import duties in exchange for manufacturing in the country, people familiar with the matter said. The policy, announced in March 2024, proposes to cut customs duty to 15% on any imported electric vehicle priced from $35,000 (approximately Rs 29.80 lakh), provided…

India is rolling out a new flagship electric vehicle policy aimed at attracting global automakers to build vehicles locally. It knows Tesla Inc. may still not bite. The Narendra Modi-led government will soon start accepting applications for the electric vehicle incentive scheme announced in March last year, Heavy Industries and Steel Minister HD Kumaraswamy told…

South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday, just days after the Indian electric scooter company reported quarterly losses that more than doubled. Hyundai sold 108.8 million shares at an average price of 50.7 rupees (59 cents), while Kia sold 27.17 million shares at an…

Tesla shares fell sharply on Thursday as U.S. President Donald Trump publicly feuded with Tesla’s billionaire CEO Elon Musk, who calls himself his “number one best friend.” Investors watched the unfolding drama and became increasingly worried about what the spat might mean for Musk’s business empire. With no other news about the company, the automaker’s…

Xiaomi will join hands with Japanese video game development studio Polyphony Digital to bring Gran Turismo 7 to the Mi SU7 Ultra, the company announced on Saturday during the first round of the 2025 GT World Series. The high-performance luxury electric vehicle (EV) will be the first product from the Chinese conglomerate’s automotive division and…

India’s Tata Motors plans to invest up to Rs. The investment of 350 billion rupees ($4.1 billion) over the next five years is aimed at cementing its position as the country’s largest electric vehicle maker amid growing competition and a drive to adopt cleaner vehicles. The maker of Nexon and Punch sport utility vehicles will…

Tesla tentatively plans to begin offering its self-driving robotaxi service to the public on June 22, CEO Elon Musk said on Tuesday, as investors and fans of the electric car maker eagerly await the launch of the long-promised service. Musk has staked Tesla’s future on self-driving cars, abandoning plans to build a cheaper electric vehicle…

The Ministry of Road Transport and Highways (MoRTH) on Wednesday announced the launch of FASTag-based annual passes as a cost-effective and more seamless travel solution for frequent commuters. It was launched exclusively for non-commercial private cars, jeeps and vans. MoRTH aims to reduce the hassle of frequent highway tolls through this pass. Activation, renewal and…

Tesla Inc will open its first showroom in India in July, people familiar with the matter said, officially launching operations in the world’s third-largest auto market as the Elon Musk-led company seeks growth amid falling sales in Europe and China. According to people familiar with the matter, the electric car giant’s first batch of vehicles…