Auto component major ANAND Group is investing Rs 600 crore in the ongoing financial year to strengthen its capabilities, including in bringing advanced and emerging technologies to the Indian market, especially for electric vehicles and sports utility vehicles. The investment being made this fiscal is part of the Rs 3600 crore earmarked by the $ … Read more
After officially hiking tariffs on Chinese electric vehicle imports earlier this month, the US government is getting even more serious about keeping China-made autos out of the country. On Monday, the US Commerce Department proposed a new rule that would ban some Chinese- and Russian-made automotive hardware and software from the US, with software restrictions … Read more
The U.S. government is proposing a ban on key Chinese software and hardware in connected vehicles on American roads due to national security concerns, the White House announced Monday. The move marks the latest crackdown on China’s automotive industry by the Biden administration and would effectively bar all Chinese cars from entering the U.S. market. It … Read more
Elon Musk is on a mission to build new supercomputers. As the CEO of Tesla and his new artificial intelligence startup xAI, the tech titan has big plans for how artificial intelligence can help to supercharge his businesses. In January, he wrote on X that Tesla should be viewed as an AI/robotics company rather than … Read more
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they … Read more
In This Story Good morning! It’s Thursday, September 19, 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. New York Joins California, Banning Non-Electric Vehicles After 2035 1st Gear: Fed Rate Cut Could … Read more
“On the flows side, mutual funds have been consistently net positive, with over Rs. 40,000 crores monthly, providing strong support to the market’s upward momentum,” says Ramkumar K, Chief Investment Officer, Reliance General Insurance. In an interview with ETMarkets, Ramkumar said: “With global headwinds, these markets could face growth challenges, whereas India has consistently posted … Read more
The race to create a real self-driving car is heating up, with startups like Waymo deploying its autonomous taxis across U.S. cities, billions of dollars being plowed into new technology and Tesla shouting that its cars will one day really be able to drive themselves. Now, a new report has looked into what it really … Read more
Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd (SAMIL) via its wholly-owned subsidiary MSSL Consolidated Inc will subscribe up to 36,39,010 Class A ordinary shares of REE Automotive Ltd. At a … Read more
Riding on the faster adoption of EVs in India’s luxury car segment, JSW MG Motor India plans to drive into the segment with its new energy vehicles (NEVs) which include electric, hybrid and plug-in hybrids. With the segment being dominated by the German marquee brands, attracting buyers into its fold will be anything but easy … Read more
