Talbros Automotive Components on Thursday said its joint venture firm has secured a multi-year contract valued at around Rs 1,000 crore from a European original equipment manufacturer (OEM). The order is to be executed over a period of next eight years commencing from the fourth quarter of this fiscal, the company said in a regulatory … Read more
Happy Tuesday! It’s April 16, 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. Even EVs Can’t Get A Break From The Heat 1st Gear: Tesla Layoffs Include Tons Of Salespeople Yesterday, Tesla … Read more
Even by electric vehicle standards, the original Fiat 500e wasn’t exactly a huge success. The Italian EV was mostly available in California, and sales peaked in 2015 with 6,194 units dropping to 2,250 by 2018. Former CEO Sergio Marchionne also famously claimed the company lost $14,000 on every 500e sold, which meant the less successful … Read more
Good morning! It’s Friday, April 5, 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. Volvo’s Newest EV Is The Cheapest Volvo You Can Buy In The U.S. 1st Gear: Ford Delays New … Read more
Leading Indian automaker Mahindra & Mahindra on Thursday unveiled the name of its new sports utility vehicle (SUV) offering ‘XUV 3XO’. The vehicle, pronounced ‘3-ex-Oh’, will be launched on April 29, the company said in a press release. “It seamlessly integrates thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety to cater to the aspirations … Read more
Photo: Anna Rose Layden (Getty Images) As it turns out, lowering the price of an item makes that item sell better. This, in econ, means that item is “elastic” — and cars are certainly elastic. Based on Ford’s latest price drops on the Mustang Mach-E, EVs are no exception. Is The New Toyota Land Crusier … Read more
Mumbai: India’s recently announced electric vehicle policy will help global carmakers expedite decisions on investing in manufacturing EVs in the country besides allowing brands gauge customer response to premium EV models in a value conscious market, said a senior executive at the local arm of Czech carmaker Skoda Auto. Speaking to ET, Petr Janeba, brand … Read more
India’s new policy for electric vehicles, aimed at inviting the likes of Tesla to start manufacturing in India, ensures that the king of Indian EVs and the king of American EVs drive in separate lanes but Tata Motors and Tesla may race against each other in the luxury car segment. Posing competition risk to a … Read more
Not content with unseating Tesla as the world’s top-selling electric car maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in one of the most aggressive rounds of discounting seen in China’s bruising price war. The automaker is currently discounting almost every electric and hybrid car … Read more
Photo: Jon Shapley (Getty Images) The Ford F-150 Lightning has earned the SpaceX seal of approval before the Tesla Cybertruck, and it has been photographed bearing the livery of Elon Musk’s commercial spaceflight company. It seems even SpaceX would rather rely on Ford’s EV pickup than the Cybertruck when it comes to the serious business … Read more
