A joint venture between South Korean battery maker LG Energy Solution Ltd and US automaker General Motors will build its second battery factory in Tennessee to step up production, industry sources said on Thursday. Ultium Cells, a joint venture between LG and GM, has picked a site in Tennessee for their second electric vehicle (EV) […]
South Korea said on Thursday it will ramp up efforts to promote a homegrown charging technology for electric vehicles (EVs) as an international standard, as the country plans to penetrate deeper into the growing sector. The Korean Agency for Technology and Standards held a virtual meeting with experts from home and abroad to further foster […]
Automobile major Maruti Suzuki India sold over 1.57 lakh factory-fitted S-CNG vehicles in FY21, the company said on Wednesday. The sales figure represents the highest-ever ‘S-CNG’ car sales by the company. “We see CNG as a technology that has set a new benchmark in green fuel mobility. Maruti Suzuki offers its customers the widest options […]
India’s automobile tyre major Apollo Tyres Ltd will ship its commercial vehicle tyres for the US and Canadian markets out of its Chennai and Hungary plants. Apollo Tyres will sell the truck and bus tyres in the US and Canada under the Apollo brand. The company is already present in the passenger vehicle tyres segment […]
China-based commercial drone-making company DJI is finally making a move towards the automobile industry as it is releasing car-related products at the Shanghai Auto Show which will commence from April 19-28. The announcement, done on DJI Automotive’s official WeChat account, did not specify the products, GizmoChina reported on Tuesday. DJI Automotive is said to be […]
The Hero Group, on Tuesday, launched Hero Vired – a premium EdTech company for working professionals and higher education aspirants in India, the group said in a statement. The new EdTech venture will offer an end-to-end learning ecosystem, which will upskill and reskill the professional community in the country and strengthen the talent pool with […]
Base effect, along with low-interest rates and pent-up demand, accelerated domestic passenger vehicle sales in March 2021 on both year-on-year and sequential basis. However, on a fiscal to fiscal basis, pandemic-hit FY21 battered the industry badly. Sales of passenger vehicles increased to 290,939 last month compared to over 135,196 units during the same period of […]
The Chinese company, DJI is the world’s largest drone maker, but the company is trying to get into other areas of tech-business as well. This would not be the first time that a company has ventured outside of its area of expertise into a completely different area. The DJI company, last year, mentioned that the […]
The total production and sales of moped for TVS Motor Company Ltd declined the last fiscal slightly as compared to the previous fiscal. The two and three wheeler maker TVS Motor is the only company that rolls out mopeds. The company makes TVS XL model. Last fiscal TVS Motor produced a total of 636,218 mopeds, […]
India’s automobile OEMs are accelerating their shift towards EVs by investing in startups and enhancing collaborations, HDFC Securities said. “Along with developing electric products in-house, OEMs are open to collaborations, to reduce the speed-to-market as well as maintain capital efficiency,” HDFC Securities said in a report. “Part suppliers are attempting to be segment agnostic, developing […]
Hyundai Motor said on Friday it will temporarily suspend another domestic plant next week due to an electronic parts shortage. Hyundai will halt the operation of the Asan plant, 100 kilometers south of Seoul, which produces the Grandeur and Sonata sedans, from Monday to Tuesday, a company spokesman said over the phone. Previously, the country’s […]
