Auto Industry News

The six EV charging hubs will be used for electric commercial vehicles and are set up at key locations across Bengaluru.

Mahindra & Mahindra has released the financial results for the second quarter of Financial Year 2021-22. In the quarter that ended with September 30, 2021, the home-grown automaker registered a Profit After Tax (PAT) of Rs. 1,432 crore, an 8X growth compared to Rs. 162 crore profit that the company reported during the same quarter in 2020.

Self-driving truck startup Plus and blank-check company Hennessy Capital Investment Corp V have called off their merger, the companies said, citing developments in the regulatory environment outside the United States.

The Australian government on Tuesday pledged A$178 million ($132 million) to ramp up the rollout of hydrogen refuelling and charging stations for electric vehicles, but did not offer EV rebates or set targets to phase out petrol cars.

Delhi government will charge only Rs 2,500 to install private chargers for light electric vehicles, including two and three wheelers at malls, apartments, hospitals and such other places in the city.

The Padma Bhushan is the third-highest civilian honour in the country and was conferred to Venu Srinivasan for his contribution to the field of trade and industry.

The Government of India conferred Anand Mahindra, Chairman, Mahindra Group, with the Padma Bhushan award at a special ceremony at the Rashtrapati Bhavan.

European automakers reeling from a global chip shortage have in recent days hastened to assure shareholders that shortages of magnesium are not, for now, a risk to their production plans.