The KTM 390 Duke and the Royal Enfield 650 twins have always been at the forefront of bang-for-buck motorcycling in India but today, a new one of any of those will comfortably set you back upwards of Rs 3 lakh (ex-showroom, India). Fret not, for here we’ve compiled a list of 5 bikes that still cost under Rs 3… Continue reading Top 5 budget friendly powerful bikes
Category: US Motoring Press
Managing upstream manufacturing costs critical to domestic cell manufacturing
Even as the government of India’s PLI scheme for advanced chemistry cell (ACC) has evinced investment interest of over Rs 45,000 crore in India’s local cell manufacturing, the sector still has a long way to go, as it faces issues of supply chain, high costs, and raw material scarcity. For India’s cell manufacturing plans to see… Continue reading Managing upstream manufacturing costs critical to domestic cell manufacturing
KG Mobility in strategic tie-up with BYD to produce hybrid and electric vehicles
Korea’s KG Mobility (formerly SsangYong Motor Company) has entered into a next-generation hybrid system agreement with global electric vehicle major BYD. The signing of the agreement took place at the BYD Group headquarters in Shenzhen, China, attended by KG Mobility Chairman Kwak Jae-sun, CEO Jeong Yong-won, Research Institute Director Kwon Yong-il, BYD Group Chairman Wang… Continue reading KG Mobility in strategic tie-up with BYD to produce hybrid and electric vehicles
KG Mobility in strategic tie-up with BYD to produce hybrid and electric vehicles
Korea’s KG Mobility (formerly SsangYong Motor Company) has entered into a next-generation hybrid system agreement with global electric vehicle major BYD. The signing of the agreement took place at the BYD Group headquarters in Shenzhen, China, attended by KG Mobility Chairman Kwak Jae-sun, CEO Jeong Yong-won, Research Institute Director Kwon Yong-il, BYD Group Chairman Wang… Continue reading KG Mobility in strategic tie-up with BYD to produce hybrid and electric vehicles
EV sales soar to 139,000 units in October and 1.23 million in first 10 months of 2023
India’s electric vehicle growth story continued its charge in the festive month of October and should repeat, if not better, the same performance in November which has Diwali bang in the middle. Total EV industry retails for October, as per the Vahan website (at 5 am on November 4, 2023) were 139,311 units, up 19%… Continue reading EV sales soar to 139,000 units in October and 1.23 million in first 10 months of 2023
UAW has Tesla, Toyota in its sights after contract wins at Detroit automakers
United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images DETROIT – United Auto Workers President Shawn Fain wants to expand the union’s battle from the Detroit automakers to… Continue reading UAW has Tesla, Toyota in its sights after contract wins at Detroit automakers
Here are 4 big trades for the portfolio this week and 2 difficult rating changes
What a difference a week makes. Following last week’s stumbles, the Dow Jones Industrial Average , the S & P 500 and the Nasdaq Composite are all tracking to go wire-to-wire this week, with five-straight days of gains. Dovish rhetoric from the Federal Reserve on Wednesday and a Goldilocks (not too hot, not too cold)… Continue reading Here are 4 big trades for the portfolio this week and 2 difficult rating changes
Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric carmaker Nio plans to cut 10% of its workforce amid “fierce competition,” CEO William Li said Friday. The job cuts will be completed by November.… Continue reading Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’
UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis’ Ram 1500 plant in Sterling Heights, Mich. Michael Wayland / CNBC DETROIT — The United Auto Workers union said Chrysler-parent Stellantis plans to invest $18.9 billion in the U.S.… Continue reading UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant
Sundram Fasteners Q2 profit stood at Rs 117.93 crore
Sundram Fasteners Limited (SFL’s) net profit for the quarter ended September 30, 2023 stood at Rs 117.93 crores as against Rs 111.75 crores during the previous year. Revenue from operations was at Rs 1,234.31 crores for the quarter ended September 30, 2023 as against Rs 1,218.19 crores during the same period in the previous year. Company’s domestic… Continue reading Sundram Fasteners Q2 profit stood at Rs 117.93 crore