Auto Industry News

The investments would be used to facilitate the production of new models such as the new seventh-gen Mustang and increasing EV production.

Prices for Skodas new compact sedan have been raised by up to Rs 60,000; Slavia, Kushaq now fitted with new 8.0-inch touchscreen.

The three companies will explore setting up electric vehicle charging infrastructure for four-wheelers along with expanding Castrol's services to cater to EVs.

General Motors Co's Cruise became the first company to secure a permit to charge for self-driving car rides in San Francisco, after it overcame objections by city officials.

Royal Enfield reported overall sales of 63,643 motorcycles in May 2022, with highest-ever monthly sales of 10,118 motorcycles in overseas markets.

MG Motor India registered retail sales of 4,008 units in May 2022, which is a growth of 294.5 per cent compared to May 2021 and 99.6 per cent compared to April 2022.

The Central Government approved new base premium rates for third party motor vehicle insurance, which will be applicable from June 1, 2022. These will in turn also hike the prices of all new cars and bikes.

The target to cut 90% of all Russian imports by the end of 2022 includes seaborne deliveries as well as Poland and Germany stopping their own imports of Russian oil via pipeline.