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Shares of the world's most valuable automaker rose nearly 1% in extended trade (Source: Reuters)

Tesla posts record profits, offers muddy outlook for batteries, Cybertruck

Jul 27, 2021

In a call with investors and analysts, Tesla executives said that volume production growth for this year will depend on parts availability, as it aims to grow deliveries by more than 50%.

An increase in air freighting, resulting in higher freight costs for the industry, also remains a challenge (Source:PTI)

Revenue of auto component industry to grow 20-23% in FY22: Icra

Jul 26, 2021

The growth would however be on the low base of the last two fiscals and will look optically strong because of the exceptionally weak first half of the financial year 2020-21

Tata Motors says demand remains strong for JLR and India PV, while CV demand is showing gradual improvement. Photo: Reuters

Tata Motors Q1 consolidated loss narrows to Rs 4,451 cr; JLR revenue up 73.7%

Jul 26, 2021

Tata Motors' Q1 revenue rises 107.6 per cent on a year-on-year basis to Rs 66,406 crore. Business has demonstrated strong resilience in the face of adversity and its fundamentals are strong, says the company

Consumers are willing to pay extra for an added value of being environmentally responsible (Source: Reuters)

Nearly 90% Indian consumers ready to pay premium to buy EV, shows survey

Jul 26, 2021

Among the car buyers in India, 3 in 10 respondents would prefer to buy an electric/hydrogen vehicle

Jubilant operates one of the largest delivery fleet in the country  (Source: Reuters)

Domino's partners Revolt Motors to convert bike fleet into electric vehicles

Jul 25, 2021

As part of the partnership, Domino's will procure the entire existing inventory of Revolt's RV300 bike model and will progressively acquire its customised Revolt model to transform its fleet.

Recently states like Gujarat and Maharashtra have announced their respective EV policies

Audi, Mercedes-Benz optimistic about electrification journey of passenger vehicles in India

Jul 25, 2021

While Audi kicked off its electrification journey in India with the launch of three all-electric SUVs under the e-tron brand last week, Mercedes-Benz has been selling its all-electric SUV EQC since October last year

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