Bullet Train Project May Get Commissioned At Once, Maharashtra To Provide Land Soon
The country's first high-speed bullet train project may get entirely commissioned for operations at once. Recently, Vinod Kumar Yadav, Chairman of Railway Board, while addressing media via video-conferencing said that Indian Railways is making efforts that the entire bullet train project is commissioned end-to-end, at once. He added that railway authorities want to commission the bullet train project together...
Apple Analyst Says “Apple Car” May Not Come Before 2027
Famed Apple watcher Ming Chi-Kuo of TF Securities has written a note to investors stating that the Apple Car may not come to life till 2027. Kuo who is world-renowned as one of the foremost analysts in the world focussed on Apple's launches wrote the note in wake of a dubious report that stated that the Apple Car could come as...
BMW Aims For 20% Of Its Vehicles To Be Electric By 2023: Paper
German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German daily Augsburger Allgemeine.
“We are significantly increasing the number of electric vehicles. Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned,” Zipse told the newspaper's Monday edition according to a pre-released...
Centre Extends Driving Licence, Vehicle Registration Validity Till March 2021
The Central government has once again extended the validity of all vehicle-related documents in order to avoid crowding and the possible spread of COVID-19. All those driving licences, registration certificates, and permits which were set to expire may now be used till March 31, 2021, according to a directory issued by the Union Ministry of Road Transport and Highways...
US Regulator Tweaks Ban To Allow Mahindra To Sell New Roxor Models In Jeep Case
A US regulator ruled on Wednesday that Mahindra & Mahindra Ltd's new design for its Roxor off-road utility vehicle did not infringe the intellectual property rights of Fiat Chrysler Automobiles' Jeep brand, six months after barring the sale of older models.
The International Trade Commission (ITC) said the post-2020 Roxor model did not violate the “trade dress” of FCA's Jeep...
Automakers Fear Production Losses Due To Global Shortage Of Containers
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers said a trade body in the world's fifth-biggest auto market. Shipping freight rates have surged since July and companies are now finding it "almost impossible to sustain normal trade operations",...
India’s Pravaig Emerges From Stealth Mode With Extinction MKII
9 years ago when most people in India didn't know who Elon Musk or Tesla were, there came a startup which wanted to kickstart the electric car trend in India - its name was Pravaig. But in the last 9 years, the company has been barely visible, that is up until now. Pravaig has shared a concept render of...
Tata Motors To Increase Prices Of Commercial Vehicles From January
The Mumbai-based commercial and passenger vehicle maker - Tata Motors will hike prices of commercial vehicles across categories starting January 2021, the Mumbai-based vehicle manufacturer said in a press release post market hours on Monday, i.e. December 21. The price increase has been undertaken by the company owing to steady rise in material and other input costs. Price hike...
Volvo Cars To Produce Electric Motors In Skovde, Sweden
Volvo Cars will assemble electric motors at its powertrain plant in Skovde, Sweden, and plans to establish complete in-house e-motor production by 2025. It will invest 700 million SEK to this end in coming years. The company is committed to becoming a premium electric car company and aims for its global sales to consist of 50 per cent fully...
Tata Motors To Buy Remaining 49% Share In Tata Marcopolo Motors For Nearly ₹ 100 Crore
Tata Motors has announced entering into a share purchase agreement with Marcopolo S.A. to buy the remaining 49 per cent shareholding in their Joint Venture (JV) Tata Marcopolo Motors Limited (TMML). The homegrown carmaker has said that it will procure the remaining shares for a cash consideration of ₹ 99.96 crore, post which, TMML will become a wholly-owned subsidiary...