Tata Motors, one of the big automobile companies, has requested the Central Government not to give tax exemption on hybrid cars. Toyota, the leading company in the hybrid car segment, had demanded a tax cut on hybrid vehicles. Tata Motors has its presence in both the Internal Combustion Engine (ICE) and Electric Vehicles (EV) segments….
Tata Motors, one of the big automobile companies, has announced to increase the prices of all its vehicles from next month. The company has said that the reason for this is to reduce some of the burden of increase in input costs. The increase in prices will be applicable to cars with petrol and diesel…
Elon Musk, head of American electric vehicle (EV) maker Tesla, no longer has the position of the richest person in the world. Bernard Arnault, chairman and CEO of luxury goods maker Moet Hennessy Louis Vuitton (LVMH), has achieved this title, leaving Musk behind. According to Forbes’ Billionaires List, last week the net worth of Arnault…
Toyota, among the global automobile companies, has sold the highest number of vehicles in the world last year. Despite the increase in popularity of Electric Vehicles (EV) in the last few years, companies making cars with petrol and diesel engines continue to dominate the automobile market. Last year Toyota sold approximately 1.12 crore vehicles. This…
Tata Motors, one of the big automobile companies, has seen its January sales increase by 12 percent on a year-on-year basis. The company sold 54,033 units including electric vehicles (EV) last month. Its sales in the same period last year were 48,289 units. Tata Motors’ export of passenger vehicles has also increased. The company has…
Ola Electric, one of the big electric two-wheeler companies, is facing customer dissatisfaction regarding its service. The company has hired consulting firm Ernst & Young (EY) to help solve this problem. Nearly 10,000 complaints have been lodged by customers on the National Consumer Helpline in the last 12 months against the company. The Central Consumer…
Tata Motors, one of the big automobile companies, has seen its January sales increase by 12 percent on a year-on-year basis. The company sold 54,033 units including electric vehicles (EV) last month. Its sales in the same period last year were 48,289 units. Tata Motors’ export of passenger vehicles has also increased. The company has…
Prime Minister Narendra Modi has praised the growth of the country’s automobile industry. He said that the contribution of mobility sector will be important to achieve the goal of ‘Developed India’. Modi said, “About 12 crore vehicles were sold in the country till 10 years ago. In the subsequent period, more than 21 crore vehicles…
American devices maker Apple had worked with Chinese automobile company BYD for years on the project to make an electric car. Apple has canceled this project. For this, the company had worked with BYD to develop a long range battery. Bloomberg quoted people with information about this as saying that Apple And China’s BYD had…
Hero MotoCorp, one of the big two-wheeler companies, has performed well in the third quarter of the current financial year. Its sales increased by 21 percent on year-on-year basis to about 14.6 lakh units. There has been a growth of 51 percent in the company’s revenue and it is Rs 9,724 crore. Sales of the…