India’s largest electric two-wheeler maker Ola Electric Mobility Ltd has reported a consolidated net loss of Rs 1,472.08 crore for the financial year 2022-2023 (FY23). The company also said it might continue to report losses in the near term, considering higher operating expenses on account of product and sales expansion. The IPO-bound company’s consolidated net… Continue reading Ola Electric’s FY23 loss at Rs 1,472 crore; May see further losses in near term
Category: US Motoring Press
India’s annual EV sales to hit 1 crore units by 2030, Gadkari says
India has the potential to be the top electric vehicle manufacturer globally and electric vehicle sales in the country are expected to hit 1 crore units per annum by 2030, Road, Transport and Highways Minister Nitin Gadkari said. In the calendar year 2023, April – November, India’s total electric vehicle sales rose around 50%… Continue reading India’s annual EV sales to hit 1 crore units by 2030, Gadkari says
India’s annual EV sales to hit 1 crore units by 2030, Gadkari says
India has the potential to be the top electric vehicle manufacturer globally and electric vehicle sales in the country are expected to hit 1 crore units per annum by 2030, Road, Transport and Highways Minister Nitin Gadkari said. In the calendar year 2023, April – November, India’s total electric vehicle sales rose around 50%… Continue reading India’s annual EV sales to hit 1 crore units by 2030, Gadkari says
UK car thefts hit an all-time high with keyless car tech to blame
Keyless car technology is responsible for a boom in car thefts, with 2023 shaping-up to be the worst year on record according to insurance company LV General. Last year’s figures showed an increase of 59 per cent in thefts, and the insurer predicts numbers will be even higher by the time 2023’s figures are totted-up.… Continue reading UK car thefts hit an all-time high with keyless car tech to blame
Deal of the Day: Spacious Skoda Superb is a peerless estate for £223 a month
Great practicality Refined and comfortable £223 per month The Skoda Superb is almost due a replacement but the outgoing model is still one of the very best estates you can buy. At £223 a month we think now is a great time to snap up the current Superb before it’s gone. We found this appealing… Continue reading Deal of the Day: Spacious Skoda Superb is a peerless estate for £223 a month
Genesis X Gran Berlinetta Vision Gran Turismo Concept has a screaming 10,000rpm V6
Genesis is no stranger to the concept car world and it now has the snappily-named X Gran Berlinetta Vision Gran Turismo Concept to its conceptual scrapbook. Revealed at the Gran Turismo World Finals in Barcelona, the digital concept car will be available to race in the Gran Turismo 7 video game from January 2024. We’ve… Continue reading Genesis X Gran Berlinetta Vision Gran Turismo Concept has a screaming 10,000rpm V6
High hopes for new Toyota Hilux Hybrid due in 2024
The Toyota Hilux has sold over 21 million units since 1968 but it’s never come with electric assistance, until now. The new Hilux Hybrid 48V has been revealed and Toyota says we can expect it in Europe from mid-2024. For Toyota, the idea of an electric Hilux is nothing new. The firm has already revealed… Continue reading High hopes for new Toyota Hilux Hybrid due in 2024
New Tesla Cybertruck: pricing, specs and full details
The Tesla Cybertruck has finally reached customers in the US – four years on from its astonishing reveal. A handful of customers were able to take delivery of Tesla’s all-electric pick-up truck at a special gathering at the firm’s Giga Texas facility, where the giant EV is being produced. CEO Elon Musk was in attendance… Continue reading New Tesla Cybertruck: pricing, specs and full details
Hyundai Mobis develops vehicle quantum dot and local dimming display
Hyundai Mobis has developed a QL Display (Quantum Dot and Local Dimming Display) for vehicles. The QL Display combines ‘Quantum Dot’ technology, which enhances colour reproduction for a more realistic depiction of original colours, and ‘Local Dimming’ technology, which increases the contrast between light and dark colours for more precise image quality. The display maximizes… Continue reading Hyundai Mobis develops vehicle quantum dot and local dimming display
BYD’s first European plant to come up in Hungary
BYD, the world’s leading manufacturer of new energy vehicles (NEVs / EVs), has announced the next stage of its European strategy: the construction of a brand-new manufacturing and production centre in Szeged, Hungary. The state-of-the-art facility will be the first of its kind built by a Chinese automotive company in Europe and will have the… Continue reading BYD’s first European plant to come up in Hungary