Auto News - Page 4

China’s BYD set to overtake Tesla as the world's largest BEV maker, again

Last year, BYD's overall production for battery-only and hybrid vehicles, exceeded 3 million units, outpacing Tesla's 1.84 million. While BYD produced 1.6 million battery-only cars and 1.4 million hybrids, Tesla remained the leader in BEV production alone.

Tesla recalls Cybertrucks again, 4th time in 5 months, EV turning to be an embarrassment for Musk

The recalls represent a significant blow to Tesla, which has faced a challenging year with poor earnings reports and increasing competition from Chinese electric vehicle manufacturers

Mirae launches India’s first ETF for people bullish on Indian EVs

The fund aims to provide investors with opportunities for long-term capital appreciation by investing in the equity of companies leading the charge in the dynamic and rapidly evolving automotive sector, as well as those involved in the entire value chain

Lessons for India? Xi Jinping’s CCP gave Chinese EV makers over $231 billion as aid in last 15 years

Despite the recent decrease in the amount of support per vehicle, this significant investment has played a crucial role in the industry's growth and development

New cyberattacks in the US cripple car dealerships causing major disruptions across industry

CDK Global, a major software provider for the automotive industry in the US, faced a major cyber incident. The outage caused significant disruptions, halting operations and forcing dealerships to resort to manual processes

New fuel efficiency norms by BEE likely to make your next car purchase more expensive

BEE has proposed new targets under CAFE 3 and CAFE 4 norms, with limits set at 91.7 grams of CO2 per kilometre and 70 grams of CO2 per kilometre, respectively, based on the World Harmonised Light Vehicles Testing Procedure (WLTP)

GoI may roll out FAME-III subsidies with Budget 2024, auto industry hopes for Rs 10,000 crores

The new phase of the FAME scheme is expected to support electric two, three, and four-wheelers with a proposed budget allocation of around Rs 10,000 crore. The heavy industries ministry, which oversees the scheme, has already forwarded a plan to the PMO

Tough Tata: Nexon.ev, Punch.ev score 5-stars in Bharat-NCAP safety rating

Both, the Nexon.ev, Punch.ev had a phenomenal showing at the Bharat-NCAP safety tests. The Punch.ev in particular stood out for scoring the highest ever scores by any vehicle till date

Tesla shareholders have approved Elon Musk’s $56bn pay package but he will only get $44.9bn

In addition to approving Musk’s pay package, shareholders also voted to relocate Tesla's legal home to Texas, aiming to avoid the courts in Delaware where Tesla is currently registered

Will India become a dumping ground for Chinese EVs following the EU and US’ rise in tariffs?

Historically, India has been the dumping ground for Chinese electronics and other products whenever the EU and the US have rejected them. In the case of EVs though, things are a little different

Trade showdown: How EU tariffs on Chinese electric vehicles may impact the auto industry

The European Union has announced an increase in tariffs on Chinese electric vehicles, intensifying a trade dispute over Beijing's subsidies that Brussels believes are detrimental to domestic automakers. The European Commission, the EU's executive branch, stated that it would implement provisional tariffs, raising the duties for Chinese automakers to as much as 38 per cent, up from the current 10 per cent

Tesla shareholders overwhelmingly approve Elon Musk’s $56bn pay package, claims CEO

While the complete results of the vote will be shared only at a Tesla shareholder’s meeting in Austin, later today, Musk has indicated that early voting indicates that he has the numbers favouring the restoration of the pay package

Satellite images show Tesla's massive inventory of unsold cars, massive headache for CEO Musk

Tesla is facing a more serious issue: an ever-growing stockpile of unsold vehicles, particularly evident in Austin, Texas. This comes at a time when Tesla shareholders are supposed to approve $56 billion as remuneration for Tesla's stock's performance

Bengaluru leads India’s new EV registrations beating New Delhi, Mumbai; Karnataka has most charging stations

From 2017 to 2023, EV registrations in the state grew by 1,275 per cent. All in all, there are 3.4 lakh e-vehicles in the state with 2.98 lakh two-wheelers, 23,516 four-wheelers and 18,246 three-wheelers

European carmakers in China are moving away to India, Indonesia because of tariffs on China-made EVs

Volvo isn't the only automaker planning a move out of China to avoid EU's tariffs of China-made EVs. Reports have surfaced which suggest that auto manufacturers making EVs in China, like BMW, Volkswagen, Mercedes etc are also looking to expand in to neighbouring countries

Elon Musk to leave Tesla? Chairperson warns that CEO may leave if not paid $56 billion

Tesla Chairperson Robyn Denholm has warned investors and shareholders that if Elon Musk is not paid the $56 billion dollars that he was promised as compensation in 2018, he might leave the EV company and focus his time and efforts in other ventures

What is Japan’s vehicle testing scandal involving world’s leading manufacturers?

Japan has suspended the delivery and sales of six vehicles from Toyota and Mazda, intensifying a safety scandal involving some of the world's leading carmakers. On Monday, Japan's transport ministry announced that irregularities were discovered in certification applications for models from Toyota, Mazda, Honda Motor, Suzuki Motor, and Yamaha Motor. As a result, it ordered Toyota, Mazda, and Yamaha to halt shipments of certain vehicles

‘Start building components, parts outside China, Taiwan from 2025’: Tesla to manufacturing partners

Tesla is urging suppliers to manufacture components that are both "out of China" (OOC) and "out of Taiwan" (OOT) to diversify its supply chain and has engaged in discussions with various suppliers, including those from Japan & South Korea, to explore its feasibility

China may slap massive tariffs on US, EU cars in a bid to dissuade Washington’s tariffs on Chinese EV

China may temporarily raising tariffs on imported cars with engines larger than 2.5 liters, which could legally reach up to 25 per cent under World Trade Organisation rules. Key manufacturers likely to be affected by these tariffs include Toyota, Mercedes-Benz, and BMW

Chinese EV sector slowing down as Car makers struggle to pay suppliers, Tesla going strong

Chinese makers have started falling behind in clearing the bills of its suppliers. Some have a waiting period for as long as over 290 days. Meanwhile Tesla is settling its bills as per the industry standards and practically on time

US to increase tariffs on Chinese EVs from 27.5 to 102.5%, duty on other electronics to go up too

Then Joe Biden administration is targeting key sectors, including EVs, batteries, solar cells, steel, and aluminium. The administration hopes this way, they are able to protect American industries from Chinese imports

Tesla wants to ply China’s roads with robotaxis, was the main reason for Musk's Beijing visit

Elon Musk is planning to test out Tesla's robotaxi capabilities in China. Furthermore Tesla’s FSD software might soon receive widespread approval in China. With this China hopes to thaw its relationship with the US and resume technological trades

Tesla sues Tesla: Elon Musk's electric vehicle company takes Indian namesake to court

According to the court filing, Tesla said that the Indian battery maker had continued to use the brand name despite a cease-and-desist notice sent to it in April 2022

Elon Musk’s ‘Hardcore Mode’: Fires Tesla's entire supercharging team in latest round of layoffs

In the latest round of layoffs at Tesla, Elon Musk has laid off two top-level executives and several hundreds of employees. Musk has also disbanded the supercharger team. Tesla is not done with layoffs yet and will be terminating more people in the days to come

Ola lays off over 200 employees from cabs division, CEO quits just three months after taking charge

Bhavish Aggarwal announced to workers that the company will be laying of at leat 200 employees or approximately 200 employees. The email that Aggarwal also revealed that CEO Hemant Bakshi, whose appointment was announced just months ago, has also quit

Tesla’s market cap up by $82 billion, as stocks rally 15% following Musk’s Baidu deal during China trip

Following Elon Musk's trip to China, where he signed a deal with Baidu over developing its FSD and AI in the country, Tesla's stocks rallied by 15%, adding 82% to its market cap

What exactly did Musk achieve from his deal in Beijing, and will it be enough to reverse Tesla's slide?

Elon Musk's slap-dash visit to China, where he expanded Tesla's partnership with Baidu, may not be as fruitful as it seems. For example China, has a very strict control over how its tech companies handle data, and may not allow Tesla to export or move any of it abroad

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk

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