Automobile
From the latest car reviews to industry insights and cutting-edge technology, stay in the fast lane of automotive trends and innovations.
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US regulatory agency sues Tesla for racial discrimination, harassment
San Francisco: The California Department of Fair Employment and Housing (DEFH) has filed a lawsuit against Elon Musk-run Tesla, alleging systematic racial discrimination and harassment at its Fremont manufacturing plant in the…
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Mahindra & Mahindra’s YoY Q3FY22 consolidated net profit up 57%
Mumbai: Automobile major Mahindra & Mahindra on Thursday reported a rise of 57 per cent in its Q3FY22 consolidated net profit on a year-on-year basis. The net profit rose to Rs 1,987…
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Worker compensation talks at Ford India inconclusive
Chennai: The talks between the Ford India Pvt Ltd management and the worker representatives on the manner in which the compensation to be paid when the factory near here is closed is…
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Renault crosses 8-lakh cumulative sales mark in India
Mumbai: French automaker Renault on Tuesday said it has crossed the 8-lakh cumulative sales milestone in India, in a decade of its presence in the domestic market. It also said that despite…
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Hyundai finds itself on a sticky path
Chennai: Korean car maker Hyundai Motor India found itself on a sticky road with its statement that many Indians consider as insufficient and skirting over the issue of whether Kashmir is an…
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Audi weighing local production of EVs in India
New Delhi: German luxury carmaker Audi is evaluating the feasibility of producing electric vehicles locally in India while it seeks to reach threshold volumes for such a step to be successful, according…
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India rejects Tesla’s call for tax benefits: Report
New Delhi: The Indian government has turned down a demand of tech billionaire Elon Musk’s electric vehicle (EV) company Tesla for tax breaks to import electric cars, saying rules already allow bringing…
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Hyundai’s January sales fall 12% amid chip shortage
Seoul: Hyundai Motor, South Korea’s biggest carmaker, has announced its sales fell 12 per cent last month from a year earlier amid global chip shortages. Hyundai Motor sold 2,82,204 vehicles in January,…
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Third Covid wave, microchip shortage dented auto sector’s Jan sales: Experts
New Delhi: The third Covid wave along with microchip shortage leading to lower production and elongated waiting periods dented January 2022 sales of key automobile players. “On account of Covid-19, sluggish rural…
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Wheels India posts Rs 20.60 crore PAT for Q3
Chennai: Automotive wheels major Wheels India Ltd on Wednesday said it had closed the third quarter of FY23 with a net profit of Rs 20.60 crore. In a statement issued here, the…
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Tesla recalls ‘self driving’ feature that lets cars roll through stop signs
San Francisco: Electric vehicle company Tesla is disabling a self-driving feature in nearly 54,000 vehicles that can prompt cars to autonomously perform a “rolling stop” — a maneuver in which the vehicle…
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Union Budget: Sops for capex, infra, MSME, electric vehicles
New Delhi: The outlay for capex has been significantly enhanced by 35 per cent from Rs 5.5 lakh crore to Rs 7.5 lakh crore in the Union Budget, which is more than…
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Tesla lost USD 109 bn in single day amid weak outlook for 2022
New Delhi: Despite delivering a record number of cars in 2021, Elon Musk-run electric car maker Tesla lost nearly $109 billion in market valuation in a single day after its fourth-quarter earnings…
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Automakers to suffer from chip, labour shortages amid new Covid surges
New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new…
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Tesla not working on its $25K electric car right now: Musk
San Francisco: Tesla CEO Elon Musk has confirmed that its electric vehicle company is not working on its previously announced $25,000 electric car right now because it has “too much on its…
