Category: Auto

According to Nikkei Asia, Toyota Motor’s new president and CEO Koji Sato made his first public speech at a live press conference on Friday afternoon. On this occasion, Vice President Hiroki Nakajima said that the company will launch 10 new electric models by 2026, with annual sales of approximately 1.5 million vehicles. In his speech,…

Volkswagen plans to launch its first electric car in India next year with the launch of the premium electric SUV ID.4, a senior Volkswagen official said on Tuesday, as it seeks to capture opportunities in the country’s fast-growing electric vehicle segment. By 2030, Volkswagen expects 25-30% of its total sales in India to come from…

Indian ride-hailing startup BluSmart is looking to challenge Uber and Ola’s market share in the country, betting on an all-electric taxi fleet and aggressively trying to lure disgruntled passengers and drivers away from existing players. Prime Minister Narendra Modi’s government’s push for clean energy is expected to significantly transform India’s transportation industry in the coming…

Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla may launch fully self-driving technology this year and generate significant profits, offsetting some of the profit pressure it faces from steep price cuts. “I hesitate to say it, but I think we’re going to do it this year,” Tesla CEO Musk said on a…

Jaguar Land Rover (JLR) will invest 15 billion pounds (about Rs 1,23,200 crore) over the next five years to develop electric vehicles (EVs) and on Wednesday pledged to launch a new electric Jaguar in 2025 as it seeks to catch up with rivals. Jaguar Land Rover, owned by India’s Tata Motors, said in early 2021…

Optimistic about electric vehicles Rajeev Chaba, president and managing director of MG Motor India, said that 30% of its sales this year are expected to come from the electric vehicle field, and the company is preparing to launch its second vertical product next month. The company currently sells the ZS electric car in the country…

Renault on Monday detailed a new software architecture for its future cars, which it said will be on par with that of electric vehicle industry leader Tesla by 2026. Like most automakers, the French automaker has faced the threat of periodic steep price cuts from U.S. rivals for months. In France, the starting price of…

MG Motor India on Wednesday launched its latest model Comet with an introductory price of Rs 7.98 lakh (ex-showroom), making it the most affordable electric car in India. Comet is the company’s second electric vehicle model after the ZS EV. “The Comet EV is more than just a car; it represents our determination to change…

Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with an annual capacity of up to 1 million units to meet the expected growth in demand in the domestic and export markets. The company has earmarked a capital expenditure of approximately Rs. The investment amount for this fiscal…

The International Energy Agency (IEA) forecast on Wednesday that nearly a fifth of cars sold globally this year will be electric, with prices for small electric vehicles falling to rival internal combustion engine vehicles in North America and Europe by the mid-2020s. IEA executive director Fatih Birol said on a media conference call that the…