Eicher is taking a strategic stake in Stark Future SL, investing € 50 mn (apprx Rs 450 cr) in lieu of a 10.35% equity stake. Stark is a European electric motorcycle manufacturer, incorporated in Barcelona Spain, in July 2020 with specific focus in the area of performance electric motorcycles. It has recently launched the motocross … Read more
The value of Elon Musk’s company has sunk by almost 70% from its November 2021 peak. Musk has refused to draw a link between Tesla’s decline and his takeover of Twitter. Short-sellers made $15 billion this year betting that shares in Tesla would fall, as about $800 billion was wiped off its value, new research … Read more
At this stage, it’s only a MOU that has been announced by Amara Raja with the State of Telangana. What finally comes out of it remains to be seen. (It’s important to keep a track of these announcements as it helps in understanding management’s promises vs delivery over period) Key announcements – Proposed facility will … Read more
Mahindra & Mahindra riding high on the success of it’s recent launches (XUV700, Scorpio N), is sitting on a healthy order book of more than 2,60,000 SUVs. Checkout the model wise order book (taken from Company’s investor PPT). Company’s current production capacity is 29,000 SUVs per month i.e., 3,48,000 p.a. implying an average order book … Read more
Nissan Motor is willing to walk away from a deal with Renault SA to re-balance their alliance amid concerns the French carmaker wants to license hundreds of jointly developed patented technologies to other players, including new Chinese partner Geely. While both sides appeared near a final agreement two weeks ago, Nissan’s board and management have … Read more
Apple and Aramco are the world’s top two companies by market capitalization. The combined market cap of Aramco and Apple is six times that of Tesla, at today’s stock price. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk, … Read more
After consistent delays over the last few months, Hero has kept up with the festival period launch of it’s much awaited VIDA Electric Scooter. The model is called VIDA V1 and is being offered in two variants – V1 Pro and V1 Plus. Top speed is 80 kmph, running range is indicated at 143 and … Read more
The centre has postponed implementing a proposal making it mandatory for passenger cars to have six airbags by a year to 1 October 2023, road transport and highways minister Nitin Gadkari said on Thursday. The domestic automotive industry had sought a rethink on the rule claiming inflation and regulatory costs made passenger vehicles—particularly small and … Read more
News about Exide looking to set up a plant in Karnataka had originally come up in March 2022. The Company is now projecting to invest Rs 6,000 crore to set up a 12 GWh lithium-ion cell manufacturing unit in this proposed facility over the next 8–10 years. Projected Phase 1 6GWh Investment of Rs 4,000 … Read more