A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian… Continue reading Rivian and Lucid shares plunge after weak EV earnings reports
Category: US Motoring Press
Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks in… Continue reading Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
FlixBus connects 12 cities to Varanasi for Guru Ravidas Jayanti
The 12 cities that FlixBus is offering its services to and from Varanasi includeNew Delhi, Noida, Mathura, Agra, Kanpur, Rishikesh, Prayagraj, Dehradun, Muzaffarnagar, Haridwar, Meerut and Roorkee. FlixBus, a leading global travel tech company, recently launched in India has today announced it is connecting 12 cities to Varanasi for Guru Ravidas Jayanti which is to… Continue reading FlixBus connects 12 cities to Varanasi for Guru Ravidas Jayanti
Mahindra Scorpio N Z8 Select priced at Rs 16.99 lakh
Mahindra has added a new Z8 Select variant to the Scorpio N line-up, priced from Rs 16.99 lakh-18.99 lakh, ex-showroom. The Scorpio N Z8 Select trim slots below the standard Z8 variant, but above the Z6. Read on to know what features to expect from the Z8 Select variant when it becomes available at Mahindra… Continue reading Mahindra Scorpio N Z8 Select priced at Rs 16.99 lakh
Exicom IPO price band fixed at Rs 135 to Rs 142
EV charger manufacturer Exicom Tele Systems has fixed a price band of Rs 135 to Rs 142 per share, for its IPO that will open for bids on 27 February. The anchor book is set to open on February 26 and the issue will close on February 29. The company proposes to utilise the net… Continue reading Exicom IPO price band fixed at Rs 135 to Rs 142
DICV eyes growing demand for tippers in Madhya Pradesh, opens 17th BharatBenz dealership
Daimler India Commercial Vehicles (DICV) has added a new 3S (Sales, Service and Spares) BharatBenz dealership to its network in Indore, Madhya Pradesh, partnering with PPS Trucking. This facility is the 17th BharatBenz sales and service location in the state. The other 16 locations are situated in Indore (Rau), Bhopal, Jabalpur, Bela, Katni, Shivpuri, Singrauli,… Continue reading DICV eyes growing demand for tippers in Madhya Pradesh, opens 17th BharatBenz dealership
Toyota Innova HyCross achieves 50,000 sales milestone
Toyota Kirloskar Motor (TKM) has announced that its flagship model, the Innova HyCross, has surpassed 50,000 units in cumulative sales since its launch in November 2022. Sabari Manohar, VP Sales and Marketing, Toyota Kirloskar Motor, speaking on the achievement, said, “We are thrilled with the overwhelming response to the Innova HyCross, reaching the 50,000 units… Continue reading Toyota Innova HyCross achieves 50,000 sales milestone
Olectra Greentech stock surges as company bags order for 2,400 electric buses
Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses. The company’s stock ended 1.95 percent higher on the NSE, closing at Rs 2,102.95. The stock had hit a 52-week high today at Rs 2,221.95. As per the company’s regulatory filing, the… Continue reading Olectra Greentech stock surges as company bags order for 2,400 electric buses
CASE India inaugurates new dealership in Jaipur
The strategically chosen location will provide services to surrounding regions, including Sikar, Ajmer, Dausa, Alwar, Bharatpur, Karauli, and Dholpur in the state of Rajasthan. CASE Construction Equipment, a brand of CNH, has appointed a new dealer partner, RDR Techsol in Jaipur. The dealership will offer CASE’s products and provide comprehensive support for after sales service… Continue reading CASE India inaugurates new dealership in Jaipur
Ashok Leyland rolls out 3 millionth vehicle from Pantnagar
Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, today announced the production rollout of its 3 millionth vehicle. The event took place at its state-of-the-art manufacturing facility in Pantnagar, Uttarakhand. Shenu Agarwal, MD and CEO of Ashok Leyland said, “The rollout of our 3 millionth vehicle is… Continue reading Ashok Leyland rolls out 3 millionth vehicle from Pantnagar