Morgan Stanley is out with a new report stating that Tesla is losing market shares to the Ford Mustang Mach-E in the US. The firm released its February 2021 US auto sales report and they found that electric vehicle sales were up by almost 40%. Tesla still had majority market shares, but it fell compared… Continue reading Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley
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Tata Motors launches Signa 3118.T 3-axle 6×2 truck
Tata Motors launched its latest offering in M&HCV segment – the Tata Signa 3118.T. According to the company, this is India’s first 3-axle 6×2 (10-wheeler) rigid truck with 31-tonne Gross Vehicle Weight (GVW). The OEM says the Tata Signa 3118.T has a 3,500kg higher certified payload than the corresponding 28-tonne GVW rigid truck and equivalent cost of operations… Continue reading Tata Motors launches Signa 3118.T 3-axle 6×2 truck
Jaguar India gets 22 dealerships EV-ready ahead of I-Pace launch on March 23
Jaguar Land Rover has announced that it is gearing up its back-end operations to support the launch of its first all-electric vehicle in India – Jaguar I-Pace – which is slated for a market introduction on March 23. As a result, the company says that it is putting its efforts to supplement the electric model… Continue reading Jaguar India gets 22 dealerships EV-ready ahead of I-Pace launch on March 23
Daimler’s $49B issue: Settling Mercedes brand rights – Automotive News Europe
Daimler long argued it needed to keep the Mercedes brand under one roof when investors pressured the company to separate the trucks business. The growing technological divide between the car and commercial-vehicle industries forced management to rethink this. They plan to address the trademark rights issue before distributing a majority of the Daimler Truck unit… Continue reading Daimler’s $49B issue: Settling Mercedes brand rights – Automotive News Europe
Lumax to localise HVAC panel for global carmaker in India
Lumax Industries, one of India’s leading Tier-1 component manufacturers, is currently working with a leading global OEM to localise the carmaker’s Heating, Ventilation & Air-Conditioning panel (HVAC) product line. It is also in advanced stages of talks with other OEMs for similar products. It is believed that the carmaker is Japanese. Lumax’s HVAC panel business, which has been delayed due to the pandemic, is likely to go on stream from the second… Continue reading Lumax to localise HVAC panel for global carmaker in India
Tata Motors’ Pratap Bose among finalists for 2021 World Car Person of the Year
India’s and Tata Motors’ Pratap Bose is among the top five finalists for the 2021 World Car Person of the Year award. The five names were announced today when 93 World Car Awards (WCA) jurors from 28 countries collectively voted for the finalists by secret ballot. KMPG tabulated the vote results. To be eligible, award… Continue reading Tata Motors’ Pratap Bose among finalists for 2021 World Car Person of the Year
Volvo to go all electric by 2030 as it unveils second such model
LONDON (Reuters) — Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade. “I am totally convinced there will be no customers who really want to stay with a petrol engine,”… Continue reading Volvo to go all electric by 2030 as it unveils second such model
Tuesday Morning Auto News, Mar 02, 2021
Maruti Suzuki exports cross 2 million vehicles from India – Just-Auto Land Rover launches powerful Defender V8 – Just-Auto Nissan signs mobility MoU with Suzhou City, China – Just-Auto Toyota to Raise $4.7 Billion in ESG Debt to Fund Futuristic Hub – Bloomberg Geely’s Volvo Cars to be fully electric by 2030 – Just-Auto Lunaz… Continue reading Tuesday Morning Auto News, Mar 02, 2021
Volvo to sell only all-electric vehicles by 2030
Volvo Cars said it will only make and sell all-electric vehicles by 2030, as part of a broader transformation of the automaker that will include shifting sales online. “The key to sustainability is electrification, said Volvo Cars CEO Håkan Samuelsson during a presentation Tuesday. “Together with investments in charging infrastructure that is the right way… Continue reading Volvo to sell only all-electric vehicles by 2030