Auto Industry News

As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.

Hero MotoCorp plans to set up an assembly facility of 29,000 sq.mt. at its partner's manufacturing facility, which will be operational by the second half of 2024 fiscal.

Mercedes-Benz said it will sell off its Russian industrial and financial services subsidiaries to a local investor.

BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.

The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.

Announcing the launch of the 'Red Light On, Gaadi Off’ campaign from October 28, Delhi Environment Minister, Gopal Rai said that the notification that required vehicle owners to produce a valid PUC certificate to refuel at a petrol pump has been put on hold.

Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.

Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.