Ashok Leyland’s electric mobility arm OHM Global Mobility has bagged an order for 500 12-m ultra-low floor electric buses from the Metropolitan Transport Corporation (MTC), Chennai. The electric buses are designed to comfortably seat 37 passengers, with space for an additional 24 standing passengers, and offer a range of over 200 kilometres per charge. Switch… Continue reading Ashok Leyland subsidiary OHM Global Mobility bags order for 500 Electric Buses from MTC
Category: US Motoring Press
Tesla investors have a lot of questions for Musk about his political activism for Trump
Tesla and SpaceX CEO Elon Musk speaks with former president Donald Trump during a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. Jabin Botsford | The Washington Post | Getty Images As Tesla prepares for quarterly results Wednesday, many investors have one big issue on their minds: Donald Trump. On a… Continue reading Tesla investors have a lot of questions for Musk about his political activism for Trump
Tesla shares jump 10% on profit beat as company benefits from environmental credits
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. Here’s what the company reported compared with what Wall Street… Continue reading Tesla shares jump 10% on profit beat as company benefits from environmental credits
Here’s why China has been testing its autonomous car technology in the U.S. for years
Chinese companies are aggressively developing autonomous vehicles. In August, China announced that it had issued 16,000 test licenses for driverless cars and opened up about 20,000 miles of roads nationwide for autonomous vehicle testing. But Chinese autonomous vehicle companies have also quietly been testing their technology on U.S. streets. Baidu, Didi, WeRide, Pony.ai and AutoX… Continue reading Here’s why China has been testing its autonomous car technology in the U.S. for years
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can… Continue reading Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
Schaeffler India reports 12.1% growth in revenue in Q3 2024
Schaeffler India Ltd, reported revenue of Rs. 20,728 million, a 12.1% increase from to Q3 2023. Net profit for the quarter was Rs. 2,471 million with an 11.9% margin. Profit before tax reached Rs. 3,332 million in Q3 2024, marking a 5.5% increase from the same quarter last year. The PBT margin stood at 16.1%,… Continue reading Schaeffler India reports 12.1% growth in revenue in Q3 2024
Two-wheeler industry to grow 7-8% YoY in Q3, says TVS’ KN Radhakrishnan
India’s two-wheeler industry is likely to grow 7-8% during the third quarter of the financial year 2024 on the back of robust demand expected during the peak festival season and support from good monsoon and reservoir level, according to TVS Motor Company Director and CEO KN Radhakrishnan. The growth rate expectation shows a further moderation sequentially… Continue reading Two-wheeler industry to grow 7-8% YoY in Q3, says TVS’ KN Radhakrishnan
Morgan Plus Six bows out with £97k special edition
Morgan will end production of its Plus Six, the higher-powered, six-cylinder version of its two-tier ‘Plus’ range, early next year and replace it with a new flagship that ushers in a fresh design language for the British brand. The Plus Six’s departure will be marked by the Plus Six Pinnacle, which will be limited to… Continue reading Morgan Plus Six bows out with £97k special edition
Volvo considering EX30 sales ramp-up outside of EU as tariffs hit
Incoming European Union import tariff rises mean Volvo is considering shifting supply of its Chinese-built EX30 to non-EU markets, such as the UK, while it readies its Belgium factory to take over local market production early next year. The crossover is currently the third best-selling electric car in Europe behind the Tesla Model 3 and Tesla Model… Continue reading Volvo considering EX30 sales ramp-up outside of EU as tariffs hit
KPIT Technologies Q2FY25 profit surges 44.7% on strong software demand
KPIT Technologies reported a 44.7% year-on-year increase in profit after tax to ₹2,037 million for the second quarter ended September 30, 2024, marking its 17th consecutive quarter of growth. The automotive software integration company’s revenue grew 20.1% in constant currency terms to $173 million, driven by middleware and powertrain domains. The company maintains 18-22% constant… Continue reading KPIT Technologies Q2FY25 profit surges 44.7% on strong software demand