Auto Industry News
Mahindra Delivers Over 500 Bolero Pik-Ups In J&K Under 'Project Mumkin'
As part of the 'Project Mumkin' initiative, Mahindra has delivered more than 500 units of the Bolero Pik-up vehicles in Jammu and Kashmir. Under this initiative, the Mission Youth, J&K, is offering a special incentive of Rs. 80,000 or 10 per cent of the on-road price of the small commercial vehicles.
China Car Sector Falling Short Of 'Net Zero' Goals: Report
Apr 28, 2022 05:14 PM
China needs to bring zero emissions vehicle sales to 63% by 2030 and 87% by 2035 if it is to meet its targets, Greenpeace estimated.
Tesla Raises Full Self Driving Software Price To $12,000 In U.S., Musk Says
Apr 28, 2022 04:10 PM
The 20% hike in price comes less than two years after the company previously increased prices for the system in 2020.
Volkswagen's Skoda Auto Reports 12.6% Drop In 2021 Global Deliveries To 878,200 Cars
Apr 28, 2022 04:03 PM
Skoda Auto's global deliveries dropped 12.6% year-on-year in 2021 due in part to the semiconductor shortage and impact of the pandemic
China NEV Sales Drop 18.6% In January After Subsidy Cut
Apr 28, 2022 07:11 AM
China has ambitious goals in promoting NEVs as part of efforts to curb air pollution and believes the industry has matured enough to be driven by demand rather than subsidies.
U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Apr 28, 2022 07:09 AM
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a barrel, the first time the U.S. benchmark has closed above the $90-level since Oct.6, 2014.
European Union To Toughen Emissions Test For Hybrid Cars - Report
Apr 28, 2022 07:04 AM
The new methodology could mean some carmakers, who in 2021 sold almost as many plug-in hybrids in Europe as they did battery-electric vehicles (BEVs), would need to sell more BEVs to meet EU emissions targets and avoid sizeable fines.
Tech Alliances Firm Up In The Self-Driving Car Wars
Apr 28, 2022 07:01 AM
Three chip firms - Intel Corp's Mobileye, Qualcomm Inc and Nvidia Corp - have emerged from a raft of announcements at the Consumer Electronics Show in Las Vegas as the leaders in locking down the brains of self-driving cars for the next decade.
EV Maker Link To Invest $265 Million In Mexican Plant
Apr 28, 2022 06:58 AM
Link EV Electric Vehicles plans to build an assembly plant in the central Mexican state of Puebla with an investment of around $265 million.
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