Indian automakers replenished stocks before the new year, helping wholesale auto sales witness healthy growth. Inventory was lower than usual for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, industry executives said. They said spillover demand from the festive season and inventory refilling would drive demand for passenger vehicles … Read more
Little more than a year… it has already raced ahead of Mahindra and is now number 4th in market share
Elon Musk has overtaken Bill Gates as the world’s second-richest person. His net worth is now $128 billion. Musk’s wealth has been on a steady climb this month: Tesla’s market cap soared as high as $498 billion Monday as it is set to join the S&P 500 in December. The jump in Musk’s net worth … Read more
The Shapoorji Pallonji Group on Thursday said it has submitted a plan to Supreme Court to end its seven decades-old association with the Tata Group. The Mistrys have valued their holding in the Tatas at Rs 1.75 lakh crore, it informed the apex court, which is hearing the long-drawn legal battle between the two groups … Read more
Nearly every major automaker has some kind of electrification plan in the works, following the EV lead set by Tesla. But pure EVs still have limited range and nationwide charging infrastructure isn’t where it needs to be in the US just yet. Plug-in hybrids with good EV-only range are the solution. Much of the talk … Read more
If you live in Turkey or Pakistan and are looking to sell your car, the world’s biggest independent oil trader wants to make a deal. Vitol Group, which traded more than 8 million barrels of oil and petroleum products a day in 2019, is getting into the used-car business. The storied trading house, founded more … Read more
Alternet Systems, Inc. (USOTC: ALYI), like all electric (EV) vehicle industry participants, recognizes that battery cost and driving range are key factors in clearing the way to the widespread adoption of electric vehicles. Recent battery technology advances are now bringing the EV industry close to a wide spread adoption “tipping point”. The Great Battery … Read more
At first read, the presented arguments may sound counter intuitive. However, think carefully and you might agree.
