Category: US Motoring Press

New 2026 Polestar 6 EV sells out one week after public debut

The Polestar 6 convertible electric sports car has sold out in its initial 500-car guise just one week after its public debut.  Presented to crowds at The Quail and Pebble Beach in the US, the Polestar 6 will be launched in 2026. It appeared in the US in LA Concept edition guise – an exclusive first edition… Continue reading New 2026 Polestar 6 EV sells out one week after public debut

SsangYong Motor rehabilitation plan approved

Auto major Mahindra & Mahindra (M&M) in a regulatory filing has informed that the interested parties of SsangYong Motor Company (SYMC), including itself as a shareholder and unsecured creditor of the company have approved a rehabilitation plan prepared by the receiver.  M&M said that rehabilitation plan reflects the investment agreement between the KG consortium and SYMC pursuant to which the… Continue reading SsangYong Motor rehabilitation plan approved

BPCL to invest Rs 2,000 cr to set up fast charging infrastructure

Bharat Petroleum Corporation (BPCL) has said that it will put up fast charging facilities at 200 major highway corridors across the country by the end of current financial year (FY23). A senior executive informed Autocar Professional that a capex of about Rs 200 crore has been allocated for the purpose and which will be utilised to fund 2000 EV charging stations. … Continue reading BPCL to invest Rs 2,000 cr to set up fast charging infrastructure

Toyota announces $5.6 billion investment in battery production in Japan, US

Toyota Motor Corporation  has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is on the rise. The company aims to begin battery production between 2024 and 2026 and the investment is aimed at enabling… Continue reading Toyota announces $5.6 billion investment in battery production in Japan, US

Skoda commits to investing 5.6 billion euros in electric mobility and 700 million euros in digitalization as part of its global makeover

Details of the multi-billion dollar global plan was revealed by Skoda CEO KLauss Zellmer to a global audience. During the presentation Zellmer also unveiled Skoda’s Vision 7S concept, a seven-seater crossover along with a commitment to invest 5.6 billion euros in electric mobility and 700 million euros in digitalization respectively over the next five years. These… Continue reading Skoda commits to investing 5.6 billion euros in electric mobility and 700 million euros in digitalization as part of its global makeover

Delays in MoRTH guidelines for BS VI CNG kits hurting retrofit business

Even as demand for CNG- (compressed natural gas) powered vehicles grows in India, the CNG retrofitting business is taking a hit. Having issued a draft proposal vide a notification on January 27, 2022 to allow fitment of CNG and LPG kits in BS VI vehicles which are less than 3.5 tonnes in gross vehicle weight (GVW), the… Continue reading Delays in MoRTH guidelines for BS VI CNG kits hurting retrofit business