Auto Industry News

In recent weeks there have been several incidents of e-scooters catching fire or being involved in them sparking safety concerns among some buyers

Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher.

The NSE Nifty 50 index closed 1.05% higher at 17,136.55 and the S&P BSE Sensex was up 1.02% at 57,037.50 following a sharp selloff late on Tuesday, after Russia said it was starting a new stage of what it calls its special military operation in Ukraine.

Japan aims to achieve the 20 per cent market share by boosting global output capacity at Japanese companies nearly 10-fold to 600 gigawatt hours (GWh), the industry ministry said.

Self-driving tech company Pony.ai has obtained a taxi license in China, which will allow some of its driverless vehicles to start charging fares. The company said it was the first autonomous driving company in the country to do so

Hyundai Motor India will bring the 2022 World Car of the Year - the all-electric Hyundai IONIQ 5 to India in the second half of this year

Bhavish Aggarwal, Co-Founder and CEO of Ola Electric said that the company has been testing an autonomous vehicle for nearly six months now and the car will be launched in the global markets by late 2023 or early 2024.

The company aims to use debt as a new expansion funnel along with the current leasing strategy, as it plans to deploy 1.5 lakh electric scooters in India by 2025.