News Updates

Hyundai Motor Group will speed up its electrification strategy in 2022, after the successful launch of the first electric vehicle (EVs) for each brand, including Ionic 5, EV6 and Genesis' GV60, in 2021.

Kumar Rakesh, senior automobile and technology analyst at BNP Paribas India, said that, raw material prices are stabilizing and price hikes would positively impact the margins of automakers.

Maharashtra has extended the valid term for early-bird benefits on selected variants of electric vehicles (EVs) till March 31, 2021.

Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed.

Speed breakers such as the third COVID-19 wave triggered via the spread of the Omicron variant in India as well as rising commodity prices might decelerate the automobile industry's recovery.

Daimler Greater China Ltd. and BYD Auto Industry Co. Ltd. signed an equity transfer agreement in December to realign the structural setup of their joint venture.

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.

Octopus Energy and Sterlite Power have inked a pact to help decarbonise the Indian industry and bring cheaper green power to consumers around the world.

In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases.