In addition to the diverse product range, the company’s extensive pan-India dealer network across Tier 1 to Tier 4 markets has played a pivotal role in its exponential growth in the electric vehicle segment. Greaves Electric Mobility (GEMPL), the e-mobility business of Greaves Cotton, has achieved over 1 lakh retail sales of its brand Ampere… Continue reading Ampere Electric two-wheeler registers over 1 lakh retail sales in FY23
Category: US Motoring Press
Kia India FY2023 sales grow 44%, cumulative numbers 3,394 units shy of 700,000
Kia India has recorded its best-ever fiscal with total sales of 269,229 units in FY2023, which constitutes 44% year-on-year growth (FY2022: 186,787 units). In the process, the company, which retails five products – three SUVs (Seltos, Sonet, EV6) and two MPVs (Carens and Carnival), taken its cumulative four-fiscal total to 696,606 units – just 3,394… Continue reading Kia India FY2023 sales grow 44%, cumulative numbers 3,394 units shy of 700,000
MG Motor India sales rise 21% in FY2023 to 48,866 units
MG Motor India has opened FY2024 on a good note by announcing its best-ever retail sales of 6,051 units in March 2023, a growth of 28% over the same month last year (March 2022: 4,721 units). As per the company, the strengthening of semiconductor supplies through a number of localisation initiatives and the easing of… Continue reading MG Motor India sales rise 21% in FY2023 to 48,866 units
MoRTH to kick off used vehicle dealer authorisation process
The Ministry of Road Transport and Highways (MoRTH), which, in December 2022, had executed an amendment to the Central Motor Vehicle Rules (CMVR), to regularise used vehicle dealers in the market by mandating them to get an authorisation certificate from their respective RTOs under whose jurisdiction their business lies, is set to kick off the… Continue reading MoRTH to kick off used vehicle dealer authorisation process
GM to phase out Apple CarPlay, Android technologies in future EVs
General Motors said Friday its future electric vehicles will not offer Apple CarPlay and Android Auto. The technologies, which are on GM’s vehicles now, allow drivers to bypass the infotainment system to view their smartphone screens on the instrument panel’s display. GM said it will gradually shift to built-in infotainment systems that use Google’s Android… Continue reading GM to phase out Apple CarPlay, Android technologies in future EVs
Ford salaries in 2022: How much CEO Jim Farley earned
Ford CEO Jim Farley received total compensation of $20,996,146 in 2022, according to documents the Dearborn automaker filed Friday with the U.S. Securities and Exchange Commission. The ratio of the CEO’s total compensation to the median of all employees’ total compensation is 281-to-1, a disclosure required in the annual executive compensation report to the U.S.… Continue reading Ford salaries in 2022: How much CEO Jim Farley earned
California to require half of all heavy trucks sales to be electric by 2035
A driver operates a Daimler Freightliner eCascadia all-electric semitruck during a Meijer delivery in Bath, Michigan, US, on Tuesday, Feb. 14, 2023. Emily Elconin | Bloomberg | Getty Images The Environmental Protection Agency on Friday said it’s granting California the legal authority to require that half of all heavy-duty truck sales in the state be… Continue reading California to require half of all heavy trucks sales to be electric by 2035
Tesla issues recall on Semi over defective brake module, rollaway risk
Tesla Semi Courtesy: Tesla Tesla has issued a voluntary recall on the Semi, a first since the company began deliveries of the heavy-duty electric trucks to customers in December 2022. According to recall filings posted on the website of the National Highway Traffic Safety Administration, 35 Semi trucks were affected. The trucks were built with… Continue reading Tesla issues recall on Semi over defective brake module, rollaway risk
Nikola shares sink after its $100 million stock offering priced at 20% below market
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s Thursday closing price of $1.40. Nikola’s shares closed on Friday at $1.21, down over 13%. Even with… Continue reading Nikola shares sink after its $100 million stock offering priced at 20% below market
EV tax credit rules are about to get a lot more complicated
Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said which vehicles are eligible for… Continue reading EV tax credit rules are about to get a lot more complicated