Wide Implications As Germany Teeters Toward Recession
Germany, Europe’s industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country’s central bank Monday — a development that could have repercussions for the rest…
Maruti Suzuki Seeks Tax Relief For Hybrid, CNG Cars And Electric Vehicles
The country’s largest carmaker Maruti Suzuki India (MSI) is pitching for tax relief for hybrid and CNG cars in addition to electric vehicles in order to promote green mobility in the country. MSI Chairman R C Bhargava said there is…
Hero Electric Optima And Nyx Extended Range Variants Launched
Hero Electric has launched the Optima ER and Nyx ER, which are essentially extended-range variants of the standard models. The former is priced at Rs 68,721 and the latter costs Rs 69,754 (both, ex-showroom pan-India). One of the main concerns for mass adoption of…
First Instant-Charging Electric Three-Wheeler In India Unveiled By SHADO Group, Singapore
SHADO Group, one of the world’s leading provider of Electric Vehicle technology and charging infrastructure from Singapore, announces today the unveiling of India’s first affordable, low voltage, high-performance instantly-charged electric three wheelers: ERICK. Developed by Adarin Engineering Technologies, a SHADO…
Chevy Menlo EV Details Leaked: Here’s What We Know About The All-Electric Vehicle
Chevy’s Menlo EV, which is designated for the Chinese market, has been revealed in leaked photos by the country’s automotive press. The Menlo EV is not scheduled to be unveiled until September, where it will appear at the 2019 Chengdu…
EV Price Parity Coming Soon, Claims VW Executive
Michigan is ground zero for the US auto industry, which is why the Center For Automotive Research, an independent organization that conducts research, forecasts trends, develops new methodologies, and advises the auto industry on public policy, is located there. Each year,…
Volvo Has Dramatically Increased Its Global Sales
In China alone, the Swedish brand have recorded a demand growth of 25%. In the first seven months of 2019 world Volvo sales jumped by 7.3% and amounted to almost 400 thousand units of cars. About it reports a press-service…
July 2019 Marked An Inflection Point And Auto Industry Sales Fell By A Record 40% Pushing Many Into The Red
When a reputed global news agency like Reuters carries a news report on August 6, 2019 that since April 2019, automobile and auto component units and automobile dealers in India have laid off 350,000 workers, it is bound to send…
Delhi Gives Tripura 50 Electric Buses
The ministry of heavy industry and public enterprises has sanctioned 50 electric buses for Tripura along with 26 other states for intra-city and intercity operation under the faster adoption and manufacturing of electric vehicles (FAME) in India scheme. A department…
China’s CMOC Seeks Opportunities To Beef Up Battery Metals Business
Fresh from closing a $518 million acquisition, metals firm China Molybdenum Co (CMOC) remains open to deals that would boost business in the booming electric vehicle (EV) battery sector, the company’s chief executive said on Friday. Cobalt, copper, nickel and…
