Making a sequel anywhere as good as the original is a difficult task, so thankfully when Hyundai went about refreshing its smash-hit Ioniq 5, it didn’t muck up the electric crossover’s winning original formula. When the Ioniq 5 first hit the market just two years ago in 2022, it was praised for its distinctive styling, … Read more
Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales is on a small base but the shift in market dynamics underscores growing consumer appetite … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Toyota Kirloskar Motor (TKM), the Indian arm of the Japanese auto giant Toyota, would want to use such technologies that align with its commitment to reducing carbon footprint as well as cutting down on the use of fossil fuels, Deputy Managing Director Swapnesh Maru said, while adding that they are cognizant of India’s energy scarcity … Read more
New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain … Read more
New Delhi: Maruti Suzuki India Chairman RC Bhargava on Tuesday said the reported 100 per cent registration waiver for hybrid vehicles by the Uttar Pradesh government recognises the fact that multiple technologies are required to reduce carbon emissions and oil imports. According to reports, the Uttar Pradesh government has announced a 100 per cent registration … Read more
Mumbai: Car buyers in India are spoilt for choice when it comes to powertrains. Carmakers from industry leader Maruti Suzuki to Tata Motors, Toyota Motor, Honda and Citroen, a relatively newcomer in the Indian market, offer diverse options in powertrains, from petrol, diesel and CNG to flexible fuel, electric and hybrid. Diversification of the engine, … Read more
As Indian automakers negotiate the transition from internal combustion engine (ICE) to electric, they stare at a diversion on the route. Consumers do want an alternative to vehicles powered by dirty fuel but they are not lapping up EVs as yet. They are preferring hybrids. The transition from ICE to electric is easier via hybrids, … Read more
Good morning! It’s Friday, May 31, 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. Ultra Cruise is GM’s Answer to Tesla’s So-Called ‘Full Self-Driving’ 1st Gear: GM And Ford Don’t See Eye-To-Eye … Read more
