Sector: Auto
Elon Musk-led Tesla is not interested in ‘Make in India’ for its electric cars; Heavy Industries Minister says only showrooms coming up
Elon Musk-led Tesla is not interested in manufacturing electric cars in India, Heavy Industries Minister Kumara Swamy said on Monday. The minister added that Tesla is only keen to set up showrooms in India.Interestingly, US President Donald Trump has time and again said that it would be ‘very unfair’ if Tesla were to set up … Read more
Suzuki Motorcycle India to set up a new plant in Haryana, invests ₹1,200 crore initially
Two-wheeler maker Suzuki Motorcycle India on Tuesday (May 20, 2025) laid the foundation stone of a manufacturing facility at Kharkhoda in Haryana, which will be developed at an initial investment of ₹1,200 crore. Located at IMT Kharkhoda HSIIDC industrial township and spread across 100 acres of land, the new manufacturing plant with a capacity to … Read more
Elon Musk Cybertruck: After falling sales, Elon Musk’s Cybertruck now faces another challenge, and Jeff Bezos is behind it
While Tesla CEO Elon Musk’s Cybertruck had dominated headlines for its futuristic design, a new player is getting attention quietly for a very different reason- its low price, as per a report. Slate Auto’s Affordable Electric Pickup Slate Auto, an electric vehicle startup from Michigan with backing from Amazon’s Jeff Bezos, is about to release … Read more
M&M acquiring SML Isuzu at very attractive valuations
Mahindra & Mahindra (M&M) informed that it’s board has approved acquiring a significant stake in SML Isuzu. M&M is acquiring 59% from the promoter group entire 43.96% of Sumitomo Corporation; and entire 15% of Isuzu Motors Quite surprising the above 59% stake is being acquired @ Rs 650/ share totalling Rs 555 cr. This price … Read more
Goodyear may sell Indian farm tyres business
Goodyear India (GIL) has informed that the parent, The Goodyear Tire & Rubber Co., USA (GTR), is reviewing the farm tire business of the Company to evaluate all strategic, operational and financial opportunities related to that business. In July 2024, GTR sold it’s off-the-road business to Yokohama for $905 million It is now working with … Read more
‘This is permanent’: Donald Trump places 25% tariff on imported autos, expecting to raise USD 100 bn in tax revenues
US President Donald Trump on Wednesday said he was placing 25 per cent tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth. We’ll effectively be charging a 25 per … Read more