Page 59 - Auto
Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
No formal announcement yet but the automobile company is anticipated to bring in its competitive Tesla Model 3
 "Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari")
Jeep India records over-two fold increase in September dispatches
Automaker Jeep India on Friday said its sales surged over two-fold in September as compared to the same month last year
 "Jeep India records over-two fold increase in September dispatches")
Volvo Cars reports 48% jump in retail sales in Jan-Sep period
The Swedish automaker sold 1,270 units in the first three quarters of the year as compared with 856 cars in the same period of last year.
 "Volvo Cars reports 48% jump in retail sales in Jan-Sep period")
Govt to aim for 30% EV sales penetration for private cars by 2030: Gadkari
To fulfill everyday transport needs of a large population, he said his ministry is focusing on the development of efficient and affordable public transport systems
 "Govt to aim for 30% EV sales penetration for private cars by 2030: Gadkari")
TVS launches advanced range of Apache RTR 160 4V series in three ride modes
The product is equipped with a new headlamp assembly and signature daytime running lamp (DRL)
 "TVS launches advanced range of Apache RTR 160 4V series in three ride modes")
Have asked Tesla to make EVs in India; govt will give all support: Gadkari
The road transport and highways minister said that he is still in dialogue with Tesla officials regarding the company's demand related to tax concessions
 "Have asked Tesla to make EVs in India; govt will give all support: Gadkari")
Tata Motors: In advanced stages to raise $1 billion for EV biz - Report
Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.
 "Tata Motors: In advanced stages to raise $1 billion for EV biz - Report")
Auto registrations drop 5.27% YoY in Sept, decline sharper over 2019: FADA
YoY decline during the month was mainly due to an 11.5% and 23% drop in two-wheelers and tractor sales, respectively
 "Auto registrations drop 5.27% YoY in Sept, decline sharper over 2019: FADA")
Mahindra XUV 700 gets 25,000 bookings in 57 minutes, equaling 6-mth output
Fastest for any four-wheeler model, claims M&M; bookings to restart at 10am on Friday
 "Mahindra XUV 700 gets 25,000 bookings in 57 minutes, equaling 6-mth output")
Mercedes-Benz rolls out new locally-produced S-Class; price at Rs 1.57 cr
German premium car maker Mercedes-Benz on Thursday rolled out the new locally-produced S-Class from its Chakan facility in Pune at price starting from Rs 1.57 crore.
 "Mercedes-Benz rolls out new locally-produced S-Class; price at Rs 1.57 cr")
Honda rolls out festive offers ranging up to Rs 53,500 on its model line-up
The special offers for customers will be in the form of cash discounts, accessories, loyalty bonus and special exchange benefits
 "Honda rolls out festive offers ranging up to Rs 53,500 on its model line-up")
PLI scheme: Auto component companies hope to pare imports
It would also reduce imports from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India
 "PLI scheme: Auto component companies hope to pare imports")
TVS Motor signs agreement with Tata Power to develop EV ecosystem
A memorandum of understanding between the two companies speaks of deploying solar power technologies at TVS Motor's select locations
 "TVS Motor signs agreement with Tata Power to develop EV ecosystem")
Tesla to pay $137 mn to ex-employee in racial discrimination lawsuit
Tesla has been ordered by a federal court to pay nearly $137 million as damages to a former employee who allegedly encountered racist abuse, discrimination and harassment at the company's plant
 "Tesla to pay $137 mn to ex-employee in racial discrimination lawsuit")
BMW group sales cross 100,000 units sales since entry 14 years ago
Despite challenges from second Covid wave, BMW India has sold 70 per cent more luxury vehicles at over 9,600 units at group level across its three brands during first nine months of year
 "BMW group sales cross 100,000 units sales since entry 14 years ago")
Mahindra & Mahindra adds two new variants to premium SUV XUV700
Mahindra & Mahindra on Tuesday announced the addition of two new variants to its premium sports utility vehicle, XUV700, in both manual and automatic transmission with diesel engine.
Carmakers stare at nearly 500,000 units of booking backlog, and counting
Chip shortage disrupts production plans
 "Carmakers stare at nearly 500,000 units of booking backlog, and counting")
Mahindra Thar clocks cumulative bookings of 75k units in one year of launch
The new Thar comes with both petrol and diesel powertrains mated with manual and automatic transmissions.
 "Mahindra Thar clocks cumulative bookings of 75k units in one year of launch")
Volvo plans $2.9 billion IPO to fund electric vehicle transformation plans
Volvo and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm
India to introduce flexible fuel vehicles soon to increase ethanol use
India will introduce flexible fuel vehicles soon as the country is aiming to achieve 20% ethanol-blending with gasoline by 2025, transport minister Nitin Gadkari told the Reuters Impact conference
 "India to introduce flexible fuel vehicles soon to increase ethanol use")
