Cars News

China's Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations there after failing to obtain regulatory approvals, three sources with direct knowledge of the matter said.

Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar.

South Korea said it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30% currently.

General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.

The legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.

All-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.

Audi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.

The deliveries of the Tata Xpres-T electric sedans to EC Wheels India will commence in phases.