Geely’s Zeekr plans biggest US IPO by Chinese firm, seeks $368 million
Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering. Visitors look at a Zeekr Mix car during the…
Tesla cuts China, US prices after slow sales, rising inventories
Elon Musk-led Tesla has slashed prices in China and the United States following a disappointing first quarter sales that led to a swelling inventory. According to a Bloomberg report, the carmaker has cut prices across the range with the Model…
Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body
Passenger vehicles wholesales in India have touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent, industry body Society of Indian Automobile Manufacturers (SIAM) said. The vehicle sales across the…
Maruti Suzuki is offering up to INR 1.5 lakh discounts on these car models: Details here
Maruti Suzuki has begun the financial year with offers on its Nexa range, with discounts of up to ₹1.5 lakh available on models like Baleno, Fronx and Jimny. These discounts include cash discounts, exchange bonuses as well as corporate discounts….
Maruti Suzuki sets target to ship 3 lakh units in FY25, 8 lakh by 2030
On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by…
Tesla robotaxi to be unveiled on August 8: Elon Musk
Tesla will reveal its long-awaited robotaxi on August 8, CEO Elon Musk announced on Friday. Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory for electric cars after a visit in Gruenheide near Berlin, Germany, Wednesday, March 13,…
EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Indicating a shift towards eco-friendly options, a survey has found that an increasing number…
Buying a car? Forget waiting periods, dealers are now dangling discounts as market turns
If you want to buy a car this year, you could likely get lucrative discounts and attractive offers as price hikes could come to an end following long waits for car deliveries during the years of production shortages in the…
JSW Group and MG Motor JV to target 10 lakh EV sales by 2030, invest ₹5,000 crore
JSW Group on Wednesday announced that a joint venture with MG Motor will aim to achieve sales of 10 lakh electric vehicles in India by 2030, capturing a significant share of the market. Mumbai: JSW Group Chairman Sajjan Jindal, JSW…
Zomato CEO Deepinder Goyal now owns India’s first Aston Martin DB12 sportscar. Check cost and features here
British supercar manufacturer Aston Martin launched GT car DB12 in India in September 2023. The car is priced at ₹4.59 crore and its first owner in India is Zomato CEO Deepinder Goyal. Pictures of Deepinder Goyal’s brand-new Aston Martin DB12…