Volvo Cars had been heavily affected at the start of the pandemic, plunging to a 989 million loss in the first half of 2020

Eyeing IPO, Volvo cars posts record results, top pre-pandemic levels

Jul 25, 2021

Sweden-based Volvo said on Friday it made a first-half profit of 13.24 billion Swedish crowns ($1.52 billion), more than double its profit of 5.52 billion crowns in the corresponding period of 2019

Other luxury automakers in India have also lobbied the government in the past to lower taxes on imported cars (Source: Reuters)

Tesla to set up factory in India if vehicle import tax reduced, says Elon Musk

Jul 24, 2021

The electric-car maker's pitch to lower duties is likely to face resistance from Prime Minister Narendra Modi's administration which has championed high import taxes for many industries in a bid to boost local manufacturing

Tesla registered a local company in India in January (Source: Reuters)

Tesla seeks cut in import duty in India, says will boost demand

Jul 23, 2021

Other luxury automakers in India have also lobbied the government in the past to lower taxes on imported cars but have had little success due to opposition from rivals with domestic operations.

Maruti Suzuki Nexa showroom

Maruti Suzuki Nexa completes 6 years of operation, sells 14 lakh cars

Jul 23, 2021

Nexa has attracted first time buyers, which makes up to nearly 70 per cent of its total sales, the company, which has over 380 Nexa outlets spread across about 234 cities in the country

 even crypto miners are seeking ways to recycle "used" chips (Source: Reuters)

Car chip shortage could last well into 2022, hit smartphones next

Jul 23, 2021

Taiwanese semiconductor companies have boosted production in China as blackouts and ongoing COVID-19 measures disrupted factory output and port operations

Bajaj Auto to form new subsidiary for EV

Bajaj Auto ups EV game; to form new subsidiary

Jul 23, 2021

Bajaj Auto said that the name is being finalised and is subject to approval from the Ministry of Corporate Affairs

From 2025 all new vehicle platforms would only make electric cars (Source: Reuters)

Daimler aims to be ready for an all-electric car market by 2030

Jul 23, 2021

The carmaker will unveil three electric platforms - one to cover its range of passenger cars and SUVs, one for vans and one for high-performance vehicles - that will be launched in 2025.

Hero MotoCorp will enter the EV business next year

Why Pawan Munjal can’t use ‘Hero’ brand name for EV biz

Jul 22, 2021

Naveen Munjal said that only his family has the right to use the Hero brand for green vehicles, and any violation will “lead to legal action”

The company was first to believe in the potential of upcountry markets (Source: PTI)

Maruti Suzuki crosses 50 lakh sales in rural markets

Jul 21, 2021

The company's total sales in the April-June period of this fiscal stood at 3,53,614 units. In fiscal 2020-21, it had sold a total of 14,57,861 units, down from 15,63,297 units sold in 2019-20

Head-up display (HUD), blind-spot monitoring system, auto-dimming mirror, advanced driver assistance systems (ADAS) and automatic transmission features remain mainstream features for premium segment cars

Automotive electronics market to cross $18 bn by 2027

Jul 21, 2021

The automotive electronics sales are expected to triple during the period (from $6 billion in 2020), according to a report by Counterpoint

The company is building a battery plant in India with car parts maker Denso and Toshiba

Maruti Suzuki to launch EVs by 2025; India to be first country to see new electric car

Jul 20, 2021

The first EV model of Maruti Suzuki is likely to be priced at $13,700 or less, after government subsidies are taken into account