Scandal-hit German carmaker Volkswagen on Monday said it will recall 1,950 diesel vehicles in China to rectify engine software that cheats on emissions tests.
Bhavish Aggarwal, the founder of ride-hailing firm Ola who disrupted the electric scooters market in the country, is planning to launch an electric sports car in 2024. The plan will put it in competition with Indian players, such as the Tata group and Mahindra & Mahindra, and global giants like Tesla and Hyundai. Aggarwal, recently, took a group of reporters to the firm's design studio at the Ola campus in Bengaluru where his teams are working on several EVs, including scooters, motorcycles, sedans, and SUVs - and even robotaxis.
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018.
The race to commercialise driverless cars is far from over with experts predicting that a fully autonomous car will not hit the market until 2020 or later
The Supreme Court on Tuesday upheld a December ruling that temporarily banned the sale of large diesel cars in New Delhi to combat toxic smog in India's capital.
Experts say while the increasing demand for a ban on Chinese goods might make for good optics, the reality is that India is still heavily dependent on that country in a wide range of industries like electronics, mobile devices, auto, pharma, telecom equipment, and fertilisers.
Tata Motors owned Land Rover is likely to be manufactured in China, through a joint venture with Chinese automobile major Chery Automobile Co Ltd, and is awaiting final clearance, a report said.
There are four things that stand out in China's strategy for electric vehicles, says Vandana Gombar.
Mahindra & Mahindra said on Thursday it was in talks to assemble and sell sport utility vehicles in China, in what would be the first foray by an Indian automaker into the fast-growing Chinese market.
Despite carmaker drama in the U.S., and a failed deal with Chrysler, China's auto champ may be poised to go international.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
India's two-wheeler giant, the Hero Group, has signed American golf legend Tiger Woods as its brand ambassador in a four-year deal that targets capturing new markets in North America and Europe.
The US is still a place for innovation and entrepreneurship, and it is good to see Indian Americans and immigrants contributing to this in a major way, says K V Seshasayee who visited the US after four years and found the gloom had dissipated.
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