AUTOMOBILES
Ola showcases 1st electric scooter, aims 1 cr bikes by 2022
Built over 500 acres in Krishnagiri district in Tamil Nadu, the Ola FutureFactory facility will roll out one scooter every two seconds at full capacity, according to Bhavish Aggarwal, Chairman and Group CEO. It will be an integrated manufacturing facility, addressing all needs from the battery to finished goods.
Lexus India launches limited-edition LC 500h at Rs 2.15 Cr
The new LC Limited Edition is inspired by a partnership between air race pilot Yoshihide Muroya and Lexus engineers. It is powered by a naturally aspirated V6 engine pumping out 264 kW brake horsepower and 350 Nm of torque.
Vehicle registrations in January falls over 9% YoY
On Tuesday, data released by the Federation of Automobile Dealers Associations (FADA) showed that over 15.92 lakh vehicles were registered January 2021, compared with over 17.63 lakh units in January 2020. The fall comes after December 2020's registration rose on a YoY basis.
Musk pledges $100 million for carbon removal competition
The carbon removal contest, announced on Monday morning, will run for four years and is open to teams around the globe. Fifteen teams will be selected for the competition within 18 months and they will each get $1 million and 25 separate $200,000 scholarships will be given to student teams who enter.
Hyundai, Kia say not in talks with Apple, shares plunge
In separate regulatory filings, Hyundai and Kia, which together form the world's fifth-biggest carmaker by sales, said they are "not in talks with Apple over developing an autonomous vehicle". In a statement, Hyundai said that it "has received requests to co-develop autonomous electric vehicle from multiple companies but they were in the early stages and nothing has been finalised".
Hyundai to reshore some US production to keep local jobs
Under an agreement reached between the company and the union, production of about 70,000 Sonata and Avante sedans will be returned from its factory in Alabama to its Asan and Ulsan factories in South Korea's central and southeastern regions, union officials said.
Apple car to be based on Hyundai's EV platform
In a fresh note to investors issued late on Monday, Kuo said that Apple's deep collaboration with current automakers (Hyundai Group, GM and PSA) who have extensive development, production, and qualification experience will significantly shorten the Apple Car development time and create a time-to-market advantage".
BMW 3-series Gran Limousine: A winner on space and power
The German luxury company that also counts the English brand MINI is its portfolio and also makes motorcycles sold over 6,500 cars last year but Pawah is extremely optimistic about 2021: "Customer interest and sales are back to pre-pandemic levels."
Tata Motors launches limited-edition Tiago
As per the company, the launch commemorates the first anniversary of 'Tiago Refresh' and its success in the hatchback market.Besides, the company informed that 'Tiago Limited Edition' will be available in manual transmission.
Tesla Roadster production delayed to 2022: Musk
Tesla first announced the second-generation Roadster for $200,000 in late 2017 and Musk said that the car would start being developed in 2020. Roadster would be able to hit 620 miles on a single charge at a top speed in excess of 250 miles per hour.
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