ET Intelligence Group: The stock of Hero MotoCorp has lost nearly 3% in the three trading sessions since Friday when it declared its third-quarter results, following profit-booking and concerns over losses in the electric vehicle (EV) segment. However, factors such as incremental volume from the premium bike segment, strong product lineup, and improving demand for … Read more
Good morning! It’s Tuesday, February 13, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Electric Car Charging Still Sucks, But That Might Change 1st Gear: Stellantis Adding Tesla Charger In 2026, Now … Read more
The old saying “one man’s trash is another man’s treasure” is truer than ever with a new Singaporean startup that specializes in targeted commercial jets for cheap electric vehicle components. Yes, I know that sounds a bit strange, but it’s exactly what Nandia REM is doing. The company spoke with Bloomberg and said it is … Read more
The French government is suspending a subsidized EV leasing program because it’s been flooded with applicants who are eager for cheap EVs. The public lease program offers EVs starting at €100 per month, or $107 at current exchange rates. The program exceeded demand by more than double the amount of expected applicants. It must now … Read more
Much like my heart rate during last night’s Super Bowl, used electric vehicle prices are all over the place, and it doesn’t look like that will change anytime soon. Analysts tell Automotive News that used EV prices will continue to fluctuate, and it’s up to automakers to launch affordable EVs before the current ones hit … Read more
You did it, you made it to a new week. It’s Monday, February 12, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Tesla Made $1.8 Billion Selling EV Credits Electric … Read more
Photo: Ford Motor Company Ford still has high ambitions for its electric vehicle projects despite slashing battery production amid slowing EV sales last year. Ford’s Tesla-envying CEO Jim Farley stated during an earnings call yesterday that a new low-cost EV platform was in the works, aiming to compete directly with the Elon Musk-led automaker in … Read more
NEW DELHI: The Niti Aayog has proposed a host of fiscal and non-fiscal incentives, including extension of the production-linked incentive scheme to vehicles run on liquified natural gas and setting up a demand aggregator, to encourage use of LNG in medium and heavy commercial vehicles. This will help lower carbon dioxide emissions and contribute towards … Read more
Automaker Force Motors plans to invest around Rs 2,000 crore in the next three to four years on various activities including sustainability drive and electric vehicle development, according to the company’s Managing Director Prasan Firodia. The company, which sells a range of commercial and utility vehicles, is looking to bring electric versions of its vans’ … Read more
German automaker Volkswagen Group is looking to introduce an entry-level electric vehicle (EV) in India by the second-half of this decade, the CEO of its local unit said at an event on Thursday. “We are actively working on an entry-level EV. It needs large investment. To justify a three-figure million dollar investment for the new … Read more
