In India’s fast-growing electric vehicle industry, the two- and three-wheeler segments, which are the most affordable compared to their four- and more-wheeled brethren, are setting the pace. While the electric scooter and motorcycle segment leads in terms of sheer volumes, the rate of transition to zero-emission mobility is fastest in the three-wheeler market, where now… Continue reading Electric 3-wheelers record best-ever monthly sales in October: 56,818 units
Category: US Motoring Press
Nissan CEO weighs in on how the EV market has changed since Covid
Nissan Motor Co. CEO Makoto Uchida speaks next to the Nissan Hyper Force electric vehicle during the Japan Mobility Show at Tokyo Big Sight in Tokyo, Japan on October 25, 2023. Tomohiro Ohsumi | Getty Images Nissan Motor‘s CEO says that when it comes to electric vehicles, the world has changed a lot since Covid… Continue reading Nissan CEO weighs in on how the EV market has changed since Covid
Nikola’s loss widens following a costly recall of its battery-electric semi trucks
Nikola TRE FCEV 2. Courtesy: Nikola Electric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck — but it’s facing what will be a costly recall of its earlier battery-electric trucks. Nikola recalled all of its Tre battery-electric trucks, 209 in total, in August following… Continue reading Nikola’s loss widens following a costly recall of its battery-electric semi trucks
Ferrari again raises guidance as customers opt for high-priced, personalized sports cars
The Ferrari original factory entrance. Courtesy: Ferrari Ferrari on Thursday said its third-quarter profit jumped 46% from a year ago as its wealthy customers continued to choose expensive “personalization” options for their new cars. As it did last quarter, Ferrari again boosted its guidance for the full year following the results. Ferrari now expects 2023… Continue reading Ferrari again raises guidance as customers opt for high-priced, personalized sports cars
Why one Tesla manager thinks used cars are ‘absolutely pivotal’ for EVs
Used Tesla cars for sale at Big Motoring World’s showroom in the U.K., in 2023. Chris Ratcliffe | Bloomberg | Getty Images Used electric vehicles are set to play an important part in the shift to more sustainable forms of transportation, according to a manager at Elon Musk’s Tesla. At the EV Summit 2023 in… Continue reading Why one Tesla manager thinks used cars are ‘absolutely pivotal’ for EVs
CNBC Daily Open: The Fed keeps rates, markets celebrate
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on November 01, 2023 at the Federal Reserve in Washington, DC. Kevin Dietsch | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings… Continue reading CNBC Daily Open: The Fed keeps rates, markets celebrate
Tata Motors has revised JLR EBIT margin guidance upwards to 8%
Tata Motors, the country’s largest automobile company by revenues expects a strong second half of the year and has revised its EBIT guidance for Jaguar Land Rover higher by 200 basis points to 8 percent for FY-24. During the current financial year, Tata Motors expects a free cash flow of 2 billion pounds and net… Continue reading Tata Motors has revised JLR EBIT margin guidance upwards to 8%
Tata Motors has revised JLR EBIT margin guidance upwards to 8%
Tata Motors, the country’s largest automobile company by revenues expects a strong second half of the year and has revised its EBIT guidance for Jaguar Land Rover higher by 200 basis points to 8 percent for FY-24. During the current financial year, Tata Motors expects a free cash flow of 2 billion pounds and net… Continue reading Tata Motors has revised JLR EBIT margin guidance upwards to 8%
IPO bound ASK Automotive plans Rs 400 crore investment capex
ASK Automotive which reported a turnover of Rs 2,555 crore in FY23, aims to invest roughly Rs 400 crore for expansion of operations. ASK Automotive is planning to raise Rs 854 crore from the issue of 2.9 crore shares in an offer for sale, and the company’s price band is Rs 268-Rs 282 per share. Kuldeep… Continue reading IPO bound ASK Automotive plans Rs 400 crore investment capex
IPO bound ASK Automotive plans Rs 400 crore investment capex
ASK Automotive which reported a turnover of Rs 2,555 crore in FY23, aims to invest roughly Rs 400 crore for expansion of operations. ASK Automotive is planning to raise Rs 854 crore from the issue of 2.9 crore shares in an offer for sale, and the company’s price band is Rs 268-Rs 282 per share. Kuldeep… Continue reading IPO bound ASK Automotive plans Rs 400 crore investment capex