US electric automaker Tesla could soon set up shop in India, with the government close to finalising a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of bank guarantees by Tesla for a proposed … 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
DETROIT: Ford Motor shares jumped on Tuesday after the automaker said it will return more cash to shareholders, starting with an extra 18 cents-per-share dividend in the first quarter, joining General Motors in giving investors more of the cash spinning from North American combustion trucks. Ford forecast $10 billion to $12 billion in pretax profit … Read more
Photo: SAIC-GM-Wuling The good EVs haven’t made it to America yet and it’s likely that they won’t. The best ones seem to be available mostly overseas where people have many more affordable options, like those in this collection of EVs we can’t buy in the U.S. By now, you’ll have seen reports that EV sales … Read more
2024 Chevrolet Blazer EV SSImage: Chevrolet 75,883 total sales GM has kept its EV sales numbers close to its chest the last few years; the company has had trouble ramping up EV production. Things may have changed though as the company says it sold 75,883 EVs in 2023, up 93 percent from 2022. Looking at … Read more
Honda is getting serious about electric vehicles. The automaker, which has been a bit behind the curve when it comes to EVs, has unveiled a pair of electric concepts as part of their new Honda 0 series called the Saloon and Space-Hub at the Consumer Electronics Show in Las Vegas. The 2024 Honda Prologue Is … Read more
Honda Motor Comoany is considering building an electric vehicle plant in Canada in a near 2 trillion yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan’s Nikkei newsgroup reported on Sunday. The project could be one of Honda’s largest investments, the report said. The Japanese automaker is looking at multiple potential … Read more
Something interesting is going on, and I don’t think I’ve ever seen it happen before, at least not in these past few years: a vehicle is getting discounted at dealers before it’s even officially launched. That’s what’s happening with Kia and its newest EV, the EV9. Dealers across the country have hit the EV9 with … Read more
Shares of Tata Motors rallied 6% to hit the 52-week high at Rs 802.6 in Friday’s trade, backed by heavy volumes on the NSE. A total of 2,11,18,340 equity shares worth Rs 1,655.5 crore changed hands so far. Meanwhile, the rally in the stock was also led by the government’s plan to replace 800,000 diesel … Read more
After posting record-breaking volumes in 2023, Indian automobile industry is driving into the new year aware of a lurking moderation in sales growth but ready to embrace green technologies, led by electric vehicles. Passenger vehicle sales are expected to cross 40 lakh units this year and prices are set to rise from January. Veteran industry … Read more
