Category: Auto

Analysts say Elon Musk’s choice of a new chief executive for Twitter could remove a major distraction for the billionaire, allowing him to focus more on Tesla, which has been grappling with declining demand for electric vehicles. Shares of the world’s most valuable electric carmaker, which has gained 40% this year, were up about 2%…

Last week, South Korea’s Hyundai Motor announced that it would invest $2.45 billion (approximately Rs. 20,000 crore) in Tamil Nadu over the next 10 years to strengthen its electric vehicle (EV) production in India. SNE Research, which provides global market research and consulting to the rechargeable battery industry, ranks Hyundai as the sixth-largest electric vehicle…

As the world’s third-largest auto market, India is a ripe target for electric vehicle companies, but due to slow domestic development, Indian companies are unlikely to capture a significant global share in the electric vehicle segment in the foreseeable future, according to a report by S&P Global Ratings. Asia will continue to maintain its position…

Billionaire Elon Musk said on Monday he was considering “significant investments in France” as he visits the country for a summit aimed at attracting foreign business leaders. The world’s second richest man, who is chief executive of electric car company Tesla, social media company Twitter and space exploration company SpaceX, made the comments after meeting…

A group of Tesla’s top executives plans to visit India this week to meet with federal government officials in a bid to deepen the automaker’s supply chain in the country while pushing to diversify away from China. Executives plan to meet with government representatives, including from Prime Minister Narendra Modi’s office, to discuss local sourcing…

Tesla Chief Executive Elon Musk warned on Tuesday that the electric car maker was not immune to the impact of the global economy, which he said would be difficult over the next 12 months. Speaking at the company’s annual shareholder meeting in Austin, Texas, Musk said the Model Y SUV was on track to become…

Hyundai Motor India on Wednesday said it has partnered with Shell India to install 60 kW fast chargers at 36 dealerships in the country. The automaker said in a statement that it has signed a memorandum of agreement with Shell India Market in this regard. The strategic partnership aims to expand the scale of battery…

Elon Musk said Tuesday that Twitter’s new chief executive will let him devote more time to Tesla, but he will continue to tweet his unfiltered thoughts even if it hurts his business. “I don’t care,” the billionaire said in an interview with CNBC when asked about his opinion that his controversial tweets could hurt Tesla’s…

Luxury carmaker Audi said on Wednesday it has launched an app to help customers of its e-tron range access charging stations across the country. The German carmaker has launched “Charge My Audi” on the myAudiConnect app, an industry-first initiative aimed at increasing customer convenience. The app currently includes five charging partners – Aargo EV Smart,…

Tesla has proposed setting up a factory in India to build electric vehicles for domestic sales and exports, the automaker told government officials on Wednesday, according to sources with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s request last year to reduce import taxes on cars, which could…