Auto Industry News

Nissan India has partnered with Orix India and Zoomcar, to introduce its new car subscription plan - Nissan Intelligent Ownership'. The company is also offering a Share-Back option, which will allow customers to list the vehicle on Zoomcar's short-term rental platform.

A test mule of the 2022 Maruti Suzuki Baleno facelift has been spotted testing in India. The prototype model was caught testing on the camera by a YouTuber, near Delhi/NCR, and the video posted by him hints that the updated Baleno will come with refreshed exterior styling and features.

Electric scooter rental company, Bounce, has recently announced that the company plans to invest around $100 Million or over Rs. 740 crore for manufacturing its electric scooter, and expanding battery swapping infrastructure.

Tesla Inc CEO Elon Musk should sell about 10% of his Tesla stock, according to 57.9% of people who voted on his Twitter poll asking users of the social media network whether he should offload the stake. "I was prepared to accept either outcome," Musk said, after the voting ended.

The company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9.

Indian Oil says its new XtraGreen diesel uses a modified DMFA (Diesel Multi-Functional Additive) to lower emissions and improve the vehicle's fuel efficiency.

"I'm delighted to share that Tesla Canada is joining our already robust automotive and technology ecosystem by locating a manufacturing facility in the City of Markham," the city mayor Frank Scarpitti said on Twitter.

The news comes weeks after the head of Apple's car project, Doug Field, joined Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts.