Auto Industry News

The Hyundai Alcazar is the 10 millionth car to roll out of the production line at HMIL's plant in presence of M K Stalin- Chief Minister of Tamil Nadu who also signed on the car's hood to mark the occasion.

Bengaluru-based logistics platform, Cogos, has announced that it will be adding 2500 electric vehicles (EV) to its delivery fleet across Bangalore, Hyderabad, Delhi and Gujarat, and later in Maharashtra and Tamil Nadu.

In addition to supplying the buses to the Research & Development Centre of IOCL, Tata Motors will also collaborate with them to undertake R&D projects and collectively study further the potential of Fuel Cell technology for commercial vehicles.

Chinese electric vehicle maker Xpeng Inc will raise $1.8 billion by pricing its shares at HK$165 ($21.25) each as part of its Hong Kong dual primary listing, two people with direct knowledge of the matter said.

Reiterating the company's confidence in going petrol-only with the TSI engines, Skoda Auto India's Brand Directed, Zac Hollis told carandbike that the company sells more units of the TSI version of the Rapid compared to the older petrol and diesel models combined.

German driveline and chassis maker, ZF, has announced its plan to invest around 200 million Euros, which is nearly Rs. 1800 crore, in its India business, over the next few years.

The investment comes as Wejo prepares to go public later this year through a reverse merger with blank-check company Virtuoso Acquisition Corp.

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.