Auto Industry News

Musk has criticized the proposal, which would affect 700 billionaires and impose taxes for long-term capital gains on tradable assets, whether or not they have been sold.

The campaign group gave Toyota and US-European firm Stellantis "F minus minus" grades for decarbonisation efforts including phasing out engines that burn planet-warming fossil fuels in favour of electric vehicles.

The Delhi government has withdrawn the Rs. 1.5 lakh subsidy on electric cars after it completed sales on 1000 units and the decision comes at a time when Delhi was inching closer to becomes one of the highest EV selling states.

The company has already started operating a fleet of 20 Einride Pods - its electric self-driving truck without a driver cabin.

Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.

Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.

Honda's production plans have been hit by the shortage, with global output in September falling 30 per cent from a year ago.

Home-grown commercial vehicle manufacturer, Ashok Leyland, has announced the launch of its new 12-metre Ultra Low Floor CNG buses in India. The flagship company of the Hinduja Group handed over 10 units of the new low floor bus to IndiGo (InterGlobe Aviation) airlines to be used at the New Delhi Airport.