The announcement was widely expected. Earlier in September 2021, Company had already informed that it’s exploring such possibility. Besides the Company is also into consolidation mode and had recently decided to sell the non core HDFC Life. On the subject, Company has announced – “We have now planned to setup a multi-gigawatt lithium-ion cell manufacturing … Read more
Elon Musk, the world’s richest person and chief executive officer of Tesla Inc., said on Twitter that he’ll pay more than $11 billion( ₹85,000 crore) in taxes this year, an amount that could constitute a record payment to the U.S. Internal Revenue Service. The billionaire may face a tax bill of more than $10 billion … Read more
Toyota said it wanted all models in its upscale Lexus brand to be electric by 2030 in the U.S., China and Europe. And it showed off more than a dozen of the 30 EV models it intends to have on sale by that year. Still, it cautioned that many of its customers, especially in the … Read more
TVS Motor and BMW Motorrad have announced the expansion of their cooperation agreement for future technologies and electric vehicles. Key points to note – In simple terms, for now it means they will co develop the electric vehicles (EVs). The 1st product through this new announcement is targeted to be ‘showcased’ in the next 24 … Read more
The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the agency. The probe raises regulatory pressure on the world’s most … Read more
Cathie Wood’s money managing firm Ark Invest on Thursday for the first time bought shares in the U.S. listed Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV) on the dip and sold more shares in Tesla Inc (NASDAQ:TSLA). Ark Invest picked up 277,263 shares — estimated to be worth $13.39 million — in the Guangzhou, China-based … Read more
Plant is launched through it’s 100% subsidiary, Greaves Electric Mobility. Key points to note – Tamil Nadu is fast becoming the EV capital of India. After Ola, this is the 2nd large EV facility in the state. The current facility is spread across 35 acres and would be used both for domestic sales and exports. … 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