Elon Musk Tesla and SpaceX CEO Elon Musk has become the world’s first person to reach a net worth of $500 billion, according to Forbes’ Billionaires Index. As of 4:15 pm ET on Wednesday (1:45 am Thursday, India time), Musk’s wealth stood at $500.1 billion, followed by Oracle founder Larry Ellison at $350.7 billion. According… Continue reading Tesla’s monthly sales rise in France, Denmark for first time in 2025
Author: Economic Times of India Online News
US auto sales keep motoring higher despite uncertainty
GM is expected to hold on to its top spot during the quarter, followed by Toyota and Ford, according to Cox. Tesla’s sales are expected to drop by nearly 6 per cent. US auto sales are expected to rise about 6 per cent for the third quarter, as Americans continue to buy cars at a… Continue reading US auto sales keep motoring higher despite uncertainty
How this ‘Flyover Over Flyover’ aims to end Delhi’s ISBT jam session
The proposed project would be the first instance of a ‘flyover over a flyover’ in Delhi, said a senior official. Delhiites who spend hours stuck near the Inter-State Bus Terminal (ISBT) may soon get relief, as Delhi govt is preparing an ambitious plan to ease congestion in one of the city’s busiest traffic zones. The… Continue reading How this ‘Flyover Over Flyover’ aims to end Delhi’s ISBT jam session
September sees record auto sales with GST cuts boosting customer sentiment
Both Maruti Suzuki and M&M reiterated the reality of logistical constraints due to limited trailer availability and are working to improve despatches. The reduction in GST rates has been a huge sentiment booster for auto sales in the ongoing festive season. Passenger vehicles led the charge in September with high single-digit growth in domestic wholesales… Continue reading September sees record auto sales with GST cuts boosting customer sentiment
Delhi High Court directs Gensol to handover remaining EVs to Smas Auto leasing
The order came after Smas Auto approached the court to secure 164 EVs that had been leased out to Gensol in 2021. The Delhi High Court has directed Gensol Engineering’s resolution professional to cooperate in handing over the remaining electric vehicles (EVs) to Smas Auto Leasing India and to provide a no-objection certificate for the… Continue reading Delhi High Court directs Gensol to handover remaining EVs to Smas Auto leasing
Make sure EVs are solar-powered, Union minister Pralhad Joshi tells industry
Prahlad Joshi Union Minister for New & Renewable Energy, Pralhad Joshi, on Tuesday urged corporates to adopt solar-powered charging for electric vehicles (EVs), highlighting its potential to reduce oil imports and cut carbon emissions. As per a PTI report, the remarks came during the launch of Refex Mobility’s operations, a Chennai-based corporate EV fleet operator.… Continue reading Make sure EVs are solar-powered, Union minister Pralhad Joshi tells industry
Maruti Suzuki’s domestic sales slide 8% to 135,711 units in September
Maruti Suzuki India Ltd reported total sales of 189,665 units in September 2025. Maruti Suzuki India Ltd reported total sales of 189,665 units in September 2025, up 2.7 per cent from 184,727 units in the same month last year. Domestic sales, including passenger vehicles and light commercial vehicles, fell 8.3 per cent year-on-year to 135,711… Continue reading Maruti Suzuki’s domestic sales slide 8% to 135,711 units in September
Tata Motors clocks 45% growth in domestic PV sales in September
Tata Motors registered a stellar set of sales numbers in September. Tata Motors registered a stellar set of numbers in September, with total domestic passenger vehicle (PV) sales surging 45 per cent to 59,667 units, compared to 41,063 units in September 2024. Total PV sales, which include the international business segment, also registered a whopping… Continue reading Tata Motors clocks 45% growth in domestic PV sales in September
Chinese automakers’ foreign investment tops domestic spending for first time, data shows
Chinese EV makers invested more abroad than domestically in 2024 for the first time, driven by fierce competition and unprofitability at home. Chinese electric car makers invested more abroad than at home for the first time in 2024, new data from Rhodium Group showed on Wednesday, as fierce domestic competition makes it almost impossible for… Continue reading Chinese automakers’ foreign investment tops domestic spending for first time, data shows
US auto bankruptcies show rising credit pain in low-income households
Auto sector bankruptcies of First Brands and Tricolor Holdings are signaling stress in the US credit market, particularly for low-income households. Two auto sector bankruptcies have rattled parts of the US credit market, raising concerns about a deterioration in the financial health of low-income households and migrant communities. Auto-parts maker First Brands became the latest… Continue reading US auto bankruptcies show rising credit pain in low-income households