NEW DELHI: Tata Motors today posted 58 per cent jump in domestic sales at 54,295 units in May, led by robust sales in commercial and passenger vehicle (PV) segments. The company had sold 34,461 units during the same month last year, Tata Motors said in a statement. Domestic sales of commercial vehicles in the month… Continue reading Tata Motors domestic sales up 58% in May
Tag: Strategy
(2nd LD) Hyundai mulls investing in local car-manufacturing JV
(ATTN: ADDS Gwangju City’s comment in last 2 paras) By Choi Kyong-ae SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV… Continue reading (2nd LD) Hyundai mulls investing in local car-manufacturing JV
Jeep confirms new entry-level model to sit below Renegade
A new small Jeep model to sit below the Renegade has been confirmed by brand CEO Mike Manley. The compact-sized Jeep will launch by 2022 and will become the entry point into the Jeep range. It will be priced below the Renegade, suggesting a starting price of around £15,000. The confirmation of the model, which was scooped… Continue reading Jeep confirms new entry-level model to sit below Renegade
Waymo’s Uber-rivalling ride-hailing app to enter service in 2018
Google parent company Alphabet and Fiat Chrysler Automobiles have announced that the Uber-rivalling ride-hailing service Waymo will commence public service later this year. It’ll be the first ride-hailing service offered to the public to use driverless vehicles on public roads upon launch, using a fleet of over 62,000 Chrysler Pacifica MPVs across the Waymo service.… Continue reading Waymo’s Uber-rivalling ride-hailing app to enter service in 2018
Hyundai mulls investing in local car-manufacturing JV
SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV to generate jobs and help support the local economy. The city proposed… Continue reading Hyundai mulls investing in local car-manufacturing JV
Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China
Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China, according to Shanghai-listed Yonou Bike’s security filing. In October 2017, Youon Low Carbon Technology, a dockless bike-sharing subsidiary of docked public bike… Continue reading Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China
Europe’s Rising Car Emissions Box BMW, Daimler Into Tight Corner
LISTEN TO ARTICLE SHARE THIS ARTICLE European plans to tackle vehicle emissions that cause climate change are at risk of coming undone, sending manufacturers like Daimler AG back to the drawing board to avoid potential fines. A series of events over the past weeks have highlighted the region’s struggle to contain greenhouse gases and air… Continue reading Europe’s Rising Car Emissions Box BMW, Daimler Into Tight Corner
Daimler enters the capital of Taxify
The German Daimler has led the round of financing of 175 million dollars (150.7 million euros) that has closed the Estonian company, an operation that has raised the valuation of the company to more than one billion dollars. The Asian Didi Chuxing, who reached an agreement to enter the capital of Taxify in August 2017,… Continue reading Daimler enters the capital of Taxify
Mahindra Signs MOUs with Government of Maharashtra for Electric Vehicle Manufacture and Deployment
Mahindra Signs MOUs with Government of Maharashtra for Electric Vehicle Manufacture and Deployment Mahindra to boost further investment in its Chakan plant for manufacture of EVs/EV components Government of Maharashtra confers status of ‘Pioneer Mega Project’ to the investment made by Mahindra towards manufacture of EV / EV components Mahindra to deploy 1,000 EVs over… Continue reading Mahindra Signs MOUs with Government of Maharashtra for Electric Vehicle Manufacture and Deployment
Simba in talks with four major car makers about assembly in Kenya
Nairobi — Simba Corporation, a closely held Kenyan company, is in talks with four vehicle makers, including France’s Renault, about assembling their vehicles in East Africa’s biggest economy. The manufacturers are looking to tap demand in an industry that’s expected to grow 15% this year, CEO Adil Popat said in an interview in the capital,… Continue reading Simba in talks with four major car makers about assembly in Kenya