Electric vehicles – Page 8496 – I wish I had more to offer

@Geely-Volvo: Volvo Cars calls for more clean energy investment to realise full climate potential of electric cars

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BlackRock looks to power Tata’s green business

Representative image The biggest green warrior on Wall Street might soon partner with one of India’s most trusted conglomerates. BlackRock chairman and CEO Larry Fink is closing in on an investment $500-750 million (₹3,750-5,625 crore) in Tata Power Renewable Energy Ltd (TPREL), said people with knowledge of the matter. That will value the subsidiary of… Continue reading BlackRock looks to power Tata’s green business

Jaguar Land Rover posts Rs 2,735 crore loss after chip shortage

Jaguar Land Rover posted a £302 million (Rs 2,735 crorer) loss from July to September 2021 as the impact of the ongoing semiconductor shortage results in tens of thousands of lost sales. The British firm, which is owned by Tata Motors, sold 92,700 cars in the second financial quarter of 2021, compared with 114,000 in… Continue reading Jaguar Land Rover posts Rs 2,735 crore loss after chip shortage

SAIC Motor’s overseas entity chooses HERE for connected driving. What happens next?

SAIC Motor’s overseas entity has partnered with HERE as it embarks on an ambitious EV and connected car expansion into Europe. Connected, automated, electric—three words that are increasingly defining the future of motoring. Helping to power this four-wheel revolution is location technology, as cars become more connected to each other, to our smartphones, and our… Continue reading SAIC Motor’s overseas entity chooses HERE for connected driving. What happens next?

Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC

Nov 1 (Reuters) – Rivian Automotive Inc, which is backed by Amazon.com Inc (AMZN.O), is targeting a valuation of more than $53 billion for its U.S. debut, making the electric vehicle manufacturer potentially almost as valuable as rival Honda Motor (7267.T). The startup is looking to raise up to $8.4 billion, setting it up to… Continue reading Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC

Tesla Under Scrutiny Over Lack of Recall After Autopilot Update

The top federal auto safety regulator sent two letters to Tesla this week raising questions about the company’s driver-assistance software systems and instructing the carmaker to provide fuller information. The regulator, the National Highway Traffic Safety Administration, is looking into why Tesla did not issue a recall last month when it updated software called Autopilot… Continue reading Tesla Under Scrutiny Over Lack of Recall After Autopilot Update

Tata Motors Q2 net loss widens to INR 4,415.54 crore

Its revenue from operations stood at INR 10,996.02 crore, compared to INR 5,594.60 crore a year ago. New Delhi: Auto major Tata Motors on Monday reported a widening of its consolidated loss for the July to September 2021 quarter to INR 4,415.54 crore. The company had posted a consolidated loss of INR 307.26 crore for… Continue reading Tata Motors Q2 net loss widens to INR 4,415.54 crore

October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve

The top two carmakers of the Indian auto industry reported a fall in domestic sales ranging from 30 per cent. New Delhi: Diwali is here and so is hope for a better business for the automotive OEMs. Normally, the festive season sales account for about 40% of the annual vehicle sales. But this year the… Continue reading October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve

EValuating Tata Motors’ electric bet

The billion-dollar fund infusion by TPG Rise Climate provided a big boost to the Tata Motors valuations and the stock. Not only did you see the stock locked in circuit but it also hit fresh 52-week highs and found a renewed buzz in the bourses. But the question is can you consider it as a… Continue reading EValuating Tata Motors’ electric bet

Tata Motors losses expand on supply side concerns

Tata Motors losses have widened for the third consecutive quarter and the automotive bellwether has posted a consolidated loss of Rs 4,442 crore for in Q2FY2022 compared to a loss of Rs 314 crore in Q2FY2021. The net revenue however came in higher at Rs 61,379 crore, up 14.7 percent from Q2FY2021 revenue of Rs 53,530 crore.… Continue reading Tata Motors losses expand on supply side concerns