Sector: Auto
Minda updates on various ongoing expansions. All seem to be in the right direction.
The Company has updated on the following – JV with FRIWO Group to expand component offerings to the electric vehicles Technology Licence Agreement with Dhama Innovations for Temperature Controlled Automotive Seats (TCAS) Expansion of alloy capacities both for 4 wheelers and 2 wheelers All the above expansions definitely seem to be in the emerging areas … Read more
SEC probes Tesla over whistleblower claims on solar panel defects
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 Sells Another $87.5M In Tesla And Initiates Position In This Chinese EV Stock
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
Carmakers rethink production strategies to deal with global chip shortage
Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic, has hit the auto industry hard, with millions of … Read more
Greaves Cotton launches it’s largest EV plant in Tamil Nadu
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 denies coming back into diesel. Focusing on making petrol more efficient.
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