Foxconn’s venture attempting to build a standardised electric vehicle platform, is looking at India or Thailand for the production of a small battery-powered car in the works, MIH CEO Jack Cheng told Reuters exclusively. The Taiwanese company’s EV platform unit Mobility in Harmony (MIH) would be willing to work with its parent or another company to… Continue reading Foxconn EV venture targets India, Thailand for new small car: Report
Author: Autocar_Professional India Online News
Exxon Mobil in discussions with Tesla, Ford to supply lithium: Report
Oil conglomerate Exxon Mobil is in discussions with Tesla, Volkswagen and Ford Motor Company among others to supply lithium for electric vehicle batteries, Bloomberg Law reported, citing sources. The report said that the dialogues also include companies such as Samsung and SK ON Co. The mentioned auto companies did not respond to the newswire’s requests… Continue reading Exxon Mobil in discussions with Tesla, Ford to supply lithium: Report
Toyota Kirloskar Motor sells 20,759 units in July, new models drive growth
Toyota Kirloskar Motor (TKM), which is riding a fresh and sustained wave of demand for its cars, SUVs and MPV, has reported domestic market wholesales of 20,759 units in July 2023, an increase of 5% (July 2022: 19,693 units). Month-on-month, sales are up 14% on June 2023’s 18,237 units. TKM’s July numbers are its best monthly sales in the… Continue reading Toyota Kirloskar Motor sells 20,759 units in July, new models drive growth
Luxury Ride onboards Himanshu Arya as the Co-founder and CEO
Luxury Ride, a pre-owned luxury car platform, has onboarded Himanshu Arya as the Co-Founder and CEO of the company. With the announcement, the company aims to overhaul the entire structure as a tech-enabled automobile company. Arya will be reimagining the pre-owned luxury car ecosystem. Speaking on the occasion, Sumit Garg, Co-founder and MD of Luxury… Continue reading Luxury Ride onboards Himanshu Arya as the Co-founder and CEO
Honda Elevate promises plenty in competitive midsize SUV market
Honda Cars India Ltd (HCIL) is all set to drive into the Indian passenger vehicle (PV) segment’s midsize SUV category with its latest and long-awaited product – the Honda Elevate – which will be launched in the first week of September. Built on the fifth-generation Honda City platform, the Elevate stands tall with 220mm of… Continue reading Honda Elevate promises plenty in competitive midsize SUV market
Electric two-wheeler sales in July cross 51,000 units, improve on June by 11%
August has dawned and brings with it the news that sales of electric two-wheelers in India, which had plunged 56% in June 2023 following the slashing of the FAME II subsidy, have picked up again . . . albeit marginally. At 51,299 electric scooters and bikes retailed last month, July 2023 sales are 11.55% better… Continue reading Electric two-wheeler sales in July cross 51,000 units, improve on June by 11%
Electric two-wheeler sales in July cross 51,000 units, improve on June by 11%
August has dawned and brings with it the news that sales of electric two-wheelers in India, which had plunged 56% in June 2023 following the slashing of the FAME II subsidy, have picked up again . . . albeit marginally. At 51,299 electric scooters and bikes retailed last month, July 2023 sales are 11.55% better… Continue reading Electric two-wheeler sales in July cross 51,000 units, improve on June by 11%
Maruti Suzuki Q1 net profit up 145% at Rs 2485 crore
Maruti Suzuki India, the largest passenger car manufacturer in the country, reported a 145% jump in its standalone net profit of Rs 2,485.1 crore in the quarter ended June 2023 (Q1 FY24). This was on account of larger sales volumes, improved realization, cost reduction efforts, and higher non-operating income. The company posted a net profit… Continue reading Maruti Suzuki Q1 net profit up 145% at Rs 2485 crore
Ola S1 no longer in continuation
The Ola S1 electric scooter has seen plenty of change in the last couple of years with a constantly evolving model mix. The latest change is that Ola has now dropped the mid-spec S1 model making it a simpler two-model line-up. Last week, Autocar India reported that Ola Electric was going to open its purchase window… Continue reading Ola S1 no longer in continuation
TelioEV listed over 10,000 EV charging stations on its Discovery App
TelioEV, an EV Charging Management Solutions provider, has announced listing over 10,000 EV charging stations on its Discovery App within twelve months since its inception. These charging stations are strategically located across 27 states, covering major cities, towns, and highways. The top three states with the highest number of charging stations where TelioEV has partnered… Continue reading TelioEV listed over 10,000 EV charging stations on its Discovery App