Auto Industry News
Maruti Suzuki Signs Agreement With Kamarajar Port Export Cars; Will Ship 20,000 Cars Annually
The agreement is for a period of 5 years, starting December 2022, and Maruti Suzuki India plans to export around 20,000 cars annually from this Port. The Company will continue to export from the Mumbai Port, Mundra Port and Pipavav Port.
Chinese Dealers Seek Compensation Over Stellantis Jeep Failure
Dec 22, 2022 10:31 PM
Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.
Ola Electric Rolls MoveOS 3 Nationwide; Gets Over 50 New Features
Aug 8, 2024 04:56 PM
Ola Electric rolled out its proprietary MoveOS 3 software for all its scooters nationwide. With the coming of the new update, Ola scooters get up to 50 new features along with improvements in performance.
New Lexus RX To Make India Debut At 2023 Auto Expo
Dec 22, 2022 10:18 PM
Carmaker to reveal specifications for India-bound model at the Auto Expo in January.
U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly
Dec 22, 2022 08:20 PM
The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly.
India Seeks To Use Global Energy Challenge As Opportunity, Says Minister
Dec 22, 2022 08:19 PM
India hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.
Automakers, South Korea Urge U.S. To Tap Commercial EV Tax Credit
Dec 22, 2022 07:10 PM
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.
Tesla Offers Additional Discount To Chinese Buyers On Some Models
Dec 22, 2022 07:08 PM
This comes in addition to a previously announced 4,000 yuan insurance subsidy, but is only applicable for customers buying a current car model and completing delivery by the end of December.
Toyota Offers Cheaper Prius If Customers Take Software Updates
Dec 22, 2022 06:45 PM
The lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.
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