A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billion won ($254.65 million), SsangYong Motor said on Monday. SsangYong is burdened with high debt and its vehicle sales last year fell to 84,496, down about 21% from a year earlier, a regulatory … Read more
The cost of both new and used cars is expected to remain higher than average throughout 2022. The increased prices are attributed to high demand for automotives, paired with inventory constraints. President Biden said in a speech this week that he is working to alleviate bottlenecks driving up costs. Skyrocketing prices for both new and … Read more
Mercedes-Benz took the wraps off of a striking electric concept car on Monday. Meet the Vision EQXX. Mercedes-Benz Vision EQXX. Mercedes-Benz You probably won’t be able to buy a Merc exactly like the Vision EQXX anytime soon. But some of the advancements Mercedes developed here could make their way into your future electric Benz. Mercedes-Benz … Read more
Maruti continues to charter it’s own course. Recently it had communicated it’s intention to bet big on CNG cars. Previously it had also announced to be focused more on self charging hybrids instead of full EVs for phase 1 in the Indian market. Now it has reconfirmed that it is not looking to make any … Read more
Tesla’s cars range in price from $45,000 to $130,000. Consumer Reports published its annual reliability study on Thursday. Tesla and Lincoln came in last, while Lexus, Mazda, and Toyota were named the most reliable brands. The most reliable 2022 models were the Lexus GX, Kia Niro Electric, and Toyota Prius Prime. The world’s most valuable … Read more
When everyone is going aggressive on Electric Vehicles (EVs), Maruti Suzuki India (MSI) continues to focus greater and greater on CNG cars. It expects it’s CNG car sales to almost double this fiscal year over 2020-21. Key points to note – Around 1.9 lakh CNG cars were sold in the country in FY 21 with … Read more
Mahindra’s latest offering XUV 700 gets another boost – receives a 5 star adult safety rating from Global NCAP. It got 4 star for child occupant protection. “The model has received the highest combined safety score (adult + child) of 57.69 out of a total of 66.00 among the Indian vehicles tested so far by … Read more
The automaker who is traditionally knows for fuel guzzling SUVs and CVs has announced it’s intention to diversify towards the Electric Vehicles (EV). Key point to note – The Company targets to launch 8 new Electric SUVs and 8 new Electric Light Commercial Vehicles by 2026. It is targeting to invest Rs 3,000 crore towards … Read more