Hyundai Motor India’s share of global sales rises to 15% in FY2024

With the Indian passenger vehicle market firing on all cylinders in FY2024 with estimated total wholesales of a record 4.23 million units, up 8.74% on FY2023’s 3.89 million units, all the top car and SUV makers in India have recorded best-ever numbers including the Hyundai Motor Group’s Indian vehicle manufacturing arm, Hyundai Motor India. In FY2024,… Continue reading Hyundai Motor India’s share of global sales rises to 15% in FY2024

Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14

Elon Musk, CEO of Tesla, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Italy, on Dec. 15, 2023. Antonio Masiello | Getty Images Tesla could “go bust” while its stock could fall to $14, Per Lekander, a hedge fund manager who has been shorting Elon Musk‘s electric car… Continue reading Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14

Renault, Volvo Group partner on commercial EVs to be ‘Tesla of vans’

Renault and lorry maker the Volvo Group have established a new start-up that aims to flip the European commercial vehicle sector on its head with a range of highly modular electric vans. Called Flexis, it aims to capitalise on growth in demand for zero-emission commercial vehicles, which is expected by its creators to rise by 40% each… Continue reading Renault, Volvo Group partner on commercial EVs to be ‘Tesla of vans’

Autocar magazine 3 April: on sale now

This week in Autocar, we give our definitive verdict on the new Toyota Land Cruiser, detail Mercedes-AMG’s new Purosangue beater, and drive the world’s best hybrid. News Mercedes-AMG is set to unleash its electric super-SUV as a high-powered flagship based on its own bespoke EV platform – we’ve got the lowdown. Polestar, meanwhile, is lining… Continue reading Autocar magazine 3 April: on sale now

March sees sales of 1.36 lakh EV two-wheelers as FAME subsidy ends

Retail sales of electric scooters and motorcycles in FY24 have hit a record of over 9.44 lakh units as a result of best-ever monthly sales of 1,36,559 units in March 2024.  March 2024 is the only the second instance of monthly sales surpassing 1 lakh units (and that too by a fair margin), the previous… Continue reading March sees sales of 1.36 lakh EV two-wheelers as FAME subsidy ends

March sees sales of 1.36 lakh EV two-wheelers as FAME subsidy ends

Retail sales of electric scooters and motorcycles in FY24 have hit a record of over 9.44 lakh units as a result of best-ever monthly sales of 1,36,559 units in March 2024.  March 2024 is the only the second instance of monthly sales surpassing 1 lakh units (and that too by a fair margin), the previous… Continue reading March sees sales of 1.36 lakh EV two-wheelers as FAME subsidy ends

March sees sales of 1.36 lakh EV two-wheelers as FAME subsidy ends

Retail sales of electric scooters and motorcycles in FY24 have hit a record of over 9.44 lakh units as a result of best-ever monthly sales of 1,36,559 units in March 2024.  March 2024 is the only the second instance of monthly sales surpassing 1 lakh units (and that too by a fair margin), the previous… Continue reading March sees sales of 1.36 lakh EV two-wheelers as FAME subsidy ends

Bookings for Toyota Innova Hycross ZX (O) re-open after temporary halt 

The Toyota Innova Hycross ZX and ZX (O) variants are now available for booking again, as per the company’s official website. Bookings for the two variants were temporarily halted in April last year due to supply-related issues. The prices of the Innova Hycross hybrid have also been hiked, effective April 1, 2024. According to dealer… Continue reading Bookings for Toyota Innova Hycross ZX (O) re-open after temporary halt