Battery maker Samsung SDI suffers loss in Q4 on EV slowdown Seoul, Jan 24: Samsung SDI, a South Korean battery maker, said on Friday it swung to a net loss in the fourth quarter from a year earlier due to a slowdown in electric vehicle (EV) sales....
U Power Launches Battery-Swapping Operations in Peru with Treep Mobility Shanghai, Jan 23: U Power Limited has officially commenced its commercial operations in Peru, introducing its innovative UOTTA battery-swapping technology for two-wheeler and three-wheeler electric ve...
Used car sales in India likely to touch 10.8 million in 2030: Report New Delhi, Jan 23: The used car market in India is projected to grow from 4.6 million sales in 2023 to 10.8 million by 2030, cruising ahead with an impressive compound annual growth rate (CAGR) of 13 ...
Hyundai Motor's 2024 net income up 7.8 pc, aims to sell 4.17 mn units this year Seoul, Jan 23: Hyundai Motor, South Korea's leading automaker, said on Thursday its net profit for 2024 rose 7.8 per cent from a year earlier owing to an increase in the global demand for eco-friendly...
4 carmakers to recall over 340,000 vehicles for faulty parts Seoul, Jan 23: Hyundai Motor, Kia and two other carmakers will voluntarily recall over 340,000 vehicles due to faulty components, the transport ministry said on Thursday....
Essar Renewables signs MoU with Maharashtra govt to develop 2GW of renewable energy Mumbai, Jan 22: Essar Renewables Ltd (ERL), Essar’s venture into the green energy sector, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra at the World Economic Foru...
Telangana is a place for investments, it means business: CM Revanth Reddy at Davos Davos, January 22: Telangana Chief Minister A Revanth Reddy, who is in Davos for the World Economic Forum promoting his state, has said they were keen on investment in areas such as electric vehicles,...
Hero Cycles to announce USD 1 billion investment soon, says MD Pankaj Munjal Davos, January 22: Pankaj Munjal, Managing Director of Hero Cycles said that the company will announce an investment of billion dollars very soon....
Telangana means business, is place for investments: CM Revanth Reddy in Davos Davos, January 21: Telangana Chief Minister A Revanth Reddy, who is in Davos for the World Economic Forum promoting his state, has said they were keen on investment in areas such as electric vehicles,...
South Korean battery firms make record investments amid EV slowdown Seoul, Jan 22: South Korea's three major battery makers likely made all-time-high investments in research and development (R&D) activities last year despite a slowdown in electric vehicle sales, indus...
British firm SayeNvest investing USD 1 billion in India in new age sectors Davos, January 21: Rakesh Gupta, UK-based venture capitalist and Chairman of SayeNvest Group, on Tuesday said it has plans to set aside USD 1 billion fund for India, to be invested in the next 12-18 m...
Hyundai Motor India Limited Strengthens 'Atmanirbhar Bharat' with localization of over 1,200 components and EV battery packs New Delhi, January 21: Hyundai Motor India Limited (HMIL) reaffirmed its commitment to India's 'Atmanirbhar Bharat' initiative by localizing over 1,200 key components and launching locally assembled E...
Threats, new horizons loom for South Korean industries as Trump 2.0 begins Seoul, Jan 21: As Donald Trump took office for his second term as US president, South Korean industries were closely watching for potential changes in Washington's economic and trade policies, which c...
Maharashtra CM Devendra Fadnavis meets WEF founder, State's Pavilion set for record investment Davos, January 20: Maharashtra Chief Minister Devendra Fadnavis on Monday met Klaus Schwab, the founder and chairman of the World Economic Forum (WEF) in Davos....
India is going to be engineer of world for next decade: CEO, Argentine Oil & Gas Company New Delhi, January 20: India is going to be the engineer of the world for the next decade due to its rapid growth and large population, stated Horacio Marin, Chairman of the board and Chief Executive ...
This govt understands the multiplier effect auto sector has: DC2 Design's Dilip Chhabria New Delhi, Jan 20: In the last 40-50 years, the auto industry was treated like a luxury sector burdened by too many taxes, and it is only in the last couple of years that the government, led by Prime ...
Battrixx goes beyond batteries, rechristened as GEON to tap green energy sector's potential New Delhi, January 19: Battrixx, the future technologies division of listed company Kabra Extrusiontechnik Ltd is now Geon, with the brand rechristening happening at the ongoing Bharat Mobility Global...
Over 90 new products launched in first two days of Bharat Mobility Global Expo 2025 New Delhi, Jan 19: The second day of Bharat Mobility Global Expo 2025 witnessed the launch of as many as 56 new products from 22 different brands at Bharat Mandapam in Pragati Maidan and 5 launches at...
Bharat Mobility Global Expo witnesses overwhelming response with dozens of product launches New Delhi, January 19: Bharat Mobility Global Expo witnessed over 90 product launches during the first two days here at the iconic Bharat Mandapam....
Omega Seiki unveils electric truck for Rs 6.99 lakh at Bharat Mobility auto expo New Delhi, January 19: Omega Seiki, a company in the electric vehicle industry, unveiled its much-anticipated electric truck -- M1KA 1.0, priced at Rs 699,000, at the ongoing Bharat Mobility auto expo...
India's first flying taxi prototype unveiled at auto expo 2025 New Delhi, Jan 19: In a bid to realise the dream of air taxis and transform urban mobility in India, the country's first flying taxi prototype, called 'Shunya', has been unveiled at the 'Bharat Mobili...
Jitendra New EV Tech unveils two 2-wheelers, a concept car at Bharat Mobility Global Expo New Delhi, January 18: At the ongoing Bharat Mobility Global Expo, Jitendra New EV Tech unveiled three products in electric and sustainable mobility....
JBM Electric Vehicles, Olectra Greentech showcase electric buses at Bharat Mobility Auto Expo New Delhi, January 18: EV bus makers JBM Electric Vehicles and Olectra Greentech showcased electric buses at the ongoing six-day Bharat Mobility Auto Expo here in the national capital....
Vietnamese EV maker VinFast to sell cars in India this 2025 festive season New Delhi, January 18: Vietnamese pure-play electric vehicle manufacturer VinFast, which has officially introduced its first electric vehicles for the Indian market at the ongoing Bharat Mobility Glob...
India's auto sector poised for robust growth, 'Make in India' a game changer: Industry New Delhi, Jan 18: India's auto sector is poised for strong growth and the 'Make in India' initiative under the vision of Prime Minister Narendra Modi continues to help automotive companies not only p...
India mobility market to double, surpassing USD 600 billion by 2030: Google-BCG report New Delhi, January 18: The Indian mobility industry is charting its unique course and is poised to double and cross USD 600 billion by the end of the decade - by 2030, according to a joint report rele...
Hyundai Motor unveils concept models of EV 3-wheeler, micro 4-wheeler at Auto Expo New Delhi, January 18: Hyundai Motor Company (Hyundai Motor) unveiled the concept models of its advanced electric three-wheeler and micro four-wheeler at the ongoing Bharat Mobility Global Expo 2025 h...
Vietnamese automaker VinFast officially enters India market, unveils two EVs New Delhi, January 18: Vietnamese pure-play electric vehicle manufacturer VinFast officially announced its first electric vehicles for the Indian market at the ongoing Bharat Mobility Global Expo 2025...
Tata Motors showcases 50 next-generation vehicles at Bharat Mobility Global Expo 2025: N Chandrasekaran New Delhi, January 18: Tata Motors has showcased more than 50 next-generation vehicles at ongoing Bharat Mobility Global Expo 2025, said N Chandrasekaran, Executive Chairman, Tata Sons and Chairman, T...
Indian mobility industry set to double and cross $600 billion by 2030: Report New Delhi, Jan 18: The Indian mobility industry is set to double and cross $600 billion by 2030, and the sector will be driven by both traditional and emerging revenue pools, marking a departure from ...
Auto component sector should build EV ecosystem before others catch up: Piyush Goyal New Delhi, Jan 18: While negotiating Free Trade Agreement (FTAs), the sector that stands out is the auto component industry and Indian auto component manufacturers should now build the electric vehicl...
Tata Motors unveils over 50 next-gen vehicles, intelligent solutions at auto expo New Delhi, Jan 17: Tata Motors on Friday unveiled more than 50 next-generation vehicles, visionary concepts and intelligent solutions at the 'Bharat Mobility Global Expo 2025' here, including 32 futur...
$36 bn FDI has flowed into auto sector in last four years, more on the way, says PM Modi New Delhi, Jan 17: Prime Minister Narendra Modi on Friday said the Indian automobile sector had attracted more than $36 billion in FDI over the last four years and this figure would go up several time...
Piyush Goyal advocates electric vehicles for first-time buyers in India New Delhi, January 17: Union Commerce & Industry Minister Piyush Goyal on Friday emphasized the importance of encouraging first-time vehicle buyers in India to choose electric vehicles (EVs) over foss...
India's automotive industry is fantastic and future-ready: PM Modi at Bharat Mobility Global Expo New Delhi, January 17: Prime Minister Narendra Modi on Friday inaugurated the "Bharat Mobility Global Expo 2025" and said that the large number of people coming to the Expo shows how positivity is the...
Mahindra BE 6, XEV 9e achieves highest ever 5-star Bharat-NCAP safety rating New Delhi, January 16: Mahindra & Mahindra has made a mark with its Electric Origin eSUVs, the BE 6 and XEV 9e, securing the highest-ever 5-star safety ratings under the Bharat New Car Assessment Prog...
data centres and EVs to drive one-third of power demand growth by 2035: Motilal Oswal New Delhi, January 16: Data centres and electric vehicles (EVs), which currently make up a very small portion of India's power need, are predicted to contribute to one-third of the growth in power dem...
India's power sector has investments opportunity of Rs 40 trn over next decade: Motilal Oswal New Delhi, January 16: Showcasing the exuberant potential, the Indian power sector has an investment opportunity of Rs 40 trillion, driven by accelerating demand, upgradation and transition to clean e...
In near to medium term Hybrid auto penetration will be faster than EVs in India: Report New Delhi, January 15: As the energy transition in India moves quickly towards green energy, hybrid penetration will increase faster in the near to medium term, according to a report by Institutional ...
Hyundai Motor raises alarm at BYD's entry into South Korean market Seoul, Jan 15: Hyundai Motor Group's think tank on Wednesday cautioned against underestimating BYD, China's largest electric vehicle (EV) manufacturer, as it plans to enter South Korea's passenger car...
