Automobile
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Tesla opens its EV connector design to other automakers
San Francisco: Elon Musk-owned electric vehicle company Tesla has started to allow other automakers to use its EV connector design. The Tesla charging connector, which combines AC charging and up to 1…
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Ashok Leyland posts Rs 199 crore PAT for Q2
Chennai: Commercial vehicle major Ashok Leyland Ltd closed Q2FY23 with a net profit of Rs 199.31 crore. The company said its operational revenue for the period under review was Rs 8,233.44 crore…
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Google, Renault Group to build ‘software defined vehicle’ for the future
San Francisco: Google and Renault Group on Tuesday announced to expand their partnership to deliver the digital architecture for the ‘Software Defined Vehicle’ (SDV) for the future. The ‘Software Defined Vehicle’ will…
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Tata Motors to hike prices of passenger vehicles
Chennai: Automobile major Tata Motors Ltd on Saturday said it will be increasing the prices of its passenger vehicles effective from November 7. The passenger car segment is logging good monthly growth…
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Hyundai, Kia’s US sales up 7.9% amid chip shortage
Seoul: Hyundai Motor Group said on Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor, its…
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Indian car makers drove good sales in October
Chennai: With the festive season on, car makers, leading with Maruti Suzuki India Ltd, closed October with good sales numbers. However, the shortage of electronic components had put brakes on the overall…
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Maruti Suzuki’s small car sales to go down, to launch CNG models and SUVs
New Delhi: With the petrol-powered small car/hatchbacks buyers affected and others opting for sport utility vehicle (SUV), Maruti Suzuki India Ltd will increase its CNG powered models as well as SUVs, Maruti-Suzuki…
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Ford, Volkswagen-backed driverless startup Argo AI to shut down
San Francisco: Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down. As reported by TechCrunch, Argo AI employees…
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Hyundai Motor ups annual revenue guidance after weak Q3
Seoul: Hyundai Motor on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South…
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BMW adds EV battery capacity in Germany
London: After releasing plans to scale EV and battery production in the US, BMW has announced it would also be adding a new battery assembly line and new cell varnishing lines at…
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Ola Electric launches new e-scooter for introductory price of Rs 79,999
Bengaluru: Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999. The e-scooter weighs 99 kgs and claims to deliver top speed…
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BMW Group to invest $1.7 bn to build EVs in US
San Francisco: Leading automaker BMW Group has announced that it will invest $1.7 billion to build electric vehicles (EVs) in the US. The investment includes $1 billion to prepare for producing electric…
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Kia union approves tentative 2022 wage deal amid chip shortage
Seoul: Unionised workers at Kia have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company has said. Kia’s 30,000-strong union tentatively accepted the…
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Hyundai to invest $13 bn in mobility software development
Seoul: Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services.…
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Hyundai Motor to update vehicle software on the go, to launch 2 EV platforms in 2025
Chennai: South Korea’s Hyundai Motor Group on Wednesday said it would transform all its models to software-defined vehicles by 2025. The group will also introduce vehicles in 2025 based on its two…
