South Korea : Hyundai Motor’s operating profit in the third quarter (July-September) fell 14.8 per cent from the previous quarter to 1.6067 trillion won. It is analyzed because sales decreased by 9.9 per cent due to production delays by the semiconductor shortage. Hyundai Motor Company held a Q3 2021 earnings conference call at its headquarters […]
Electric Vehicles
Maruti Suzuki pursuing ethanol-powered vehicles – EQ Mag Pro
Ethanol powered models from Maruti Suzuki could join its line-up of petrol and CNG models in India. Maruti Suzuki was one of the few carmakers to discontinue diesel variants from its entire model line-up, after the introduction of the stricter BS6 emission norms. And while there is no certainty on whether Maruti Suzuki could come […]
Stellantis to create four EV platforms with high level of flexibility – EQ Mag Pro
Stellantis announced its plans to invest 30 billion euros by 2025 for its electric lineup. This includes four electric vehicle platforms which will be capable of supporting 2 million vehicles every year. Furthermore, they will be designed with flexibility and parts sharing. Stellantis is the world’s fourth-largest automaker as it is formed as a result […]
tata motors: Tatas Motors to invest Rs 15,000 crore in electric vehicles – Times of India – EQ Mag Pro
MUMBAI: Tata Motors will invest as a lot as $2 billion (Rs 15,000 crore) over the subsequent 4 years to launch 10 new electric vehicles simply as its broader passenger vehicles division — which was in losses until a number of years in the past — hopes to flip round and generate free money circulate […]
Okaya EV onboards 165 dealerships to expand pan-India network – EQ Mag Pro
Okaya EV on Monday said it has onboarded 165 dealerships as part of its plans to expand its network pan-India, bolstered by the strong response to its recently launched two-wheeler during the Navratri festival sales. The group made its entry into the domestic EV space with the launch of two variants, AvionIQ series and ClassIQ […]
London Electric Vehicle Company gears up to launch TX model in India – EQ Mag Pro
Stating that it is partnering with Exclusive Motors for the Indian Subcontinent to make TX available in the region. LEVC said not only will it create significant employment opportunities in India, the e-city vehicle will also support a green future for the country with its innovative range extender. Commercial electric vehicle manufacturer London Electric Vehicle […]
India gets its fastest electric hypercar Ekonk with a top speed of 309 kmph – EQ Mag Pro
Ekonk electric hypercar produces a power output of 722hp, almost achieving the one is to one power to weight ratio. Ekonk uses a new innovative battery solution that replaces the traditional complex liquid cooling tech. Indian EV startup Vazirani Automotive has revealed the country’s fastest single-seater hypercar Ekonk, which also claims to be one of […]
Car rental firm Hertz orders 100,000 Model 3 electric vehicles from Tesla – EQ Mag Pro
Car rental company Hertz is ordering 100,000 electric vehicles from Tesla. Car rental company Hertz is ordering 100,000 electric vehicles from Tesla. The company says it’s buying the Tesla Model 3 small cars by the end of 2022, and it also will buy electric vehicle chargers. No price was given for the order, but it […]
Riding high after a funding boost, Tata Motors could invest as much as Rs 15,000 crore to ramp up electric vehicle production – EQ Mag Pro
Tata Motors NSE 5.88 % has major plans for its EV division with 10 new launches in next four years and plans for investing up to Rs 15,000 crore, Times of India reported. This comes just days after private equity major TPG Rise Climate decided to invest $1 billion in Tata Motors EV segment at […]
Honda Motorcycle all set to foray into electric vehicle segment next fiscal
Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial year, a top company official has said. Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial […]