AUTOMOBILES
MINI India delivers 512 cars in 2020, grows 34% in Q4
The company said withstanding the current market challenges and lockdown situation, MINI India regained momentum swiftly in the second half of the year. Accordingly, in Q4 2020 (October - December), MINI India posted the highest-ever quarter with a remarkable growth of 34 per cent as compared to the same period in 2019 and also closed the year with the highest-ever monthly sales in December.
Microsoft joins General Motors to build self-driving cars, invests in $2 billion fund
Microsoft will join GM, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion, the tech giant said in a statement. To unlock the potential of cloud computing for self-driving vehicles, Cruise will leverage Azure, Microsoft's cloud and edge computing platform, to commercialise its unique autonomous vehicle solutions at scale.
Tesla Arriving Soon: What fans can expect in India
Arriving in India via Tesla Motors Amsterdam that will give the electric car-maker tax benefits related to dividend payments and capital gains, the Model 3 may start from around Rs 60 lakh. The base Standard Range Plus model now claims a driving range of 423 km per charge, while the Long-Range Model 3 can give you 568 km range on one single charge.
Passenger vehicle sales rise 13.6% in December
A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019. Two-wheeler sales also improved 7.42 per cent on a year-on-year basis to 11.28 lakh units during the period under review.
Elon Musk breaks silence, says coming to India 'as promised'
According to the details available on the Registrar of Companies website, Tesla India Motors and Energy Private Limited has been incorporated and the registered address is in Lavelle Road, Bengaluru.
In Pics: Hyundai teases 1st all electric car IONIQ 5, arrives in February
IONIQ 5 will be the first vehicle mated with Hyundai Motor Group's Electric-Global Modular Platform (E-GMP), an innovative system made exclusively for next-generation battery electric vehicles.
Tesla finally enters India, first stop is Bengaluru
According to the details available on the Registrar of Companies website, Tesla India Motors and Energy Private Limited has been incorporated and the registered address is in Lavelle Road, Bengaluru.
Commodity inflation for auto sector to be offset by price hikes
The report said spot prices of base commodities saw a sharp increase (15-40 per cent) over 2QFY21. "Considering 3-6 month contracts, we expect the impact of base commodity prices to reflect in the P&L from 3QFY21 onwards. Base commodity price inflation would have a 350-400bp gross impact over the next 2-3 quarters," the report said.
Semiconductor shortage forces top automakers to halt production
The widening global shortage of semiconductors for auto parts has forced major auto companies to "halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns." Ford will idle its plant in Kentucky for a week. Nissan has said it will reduce production at one of its plants in Japan, which makes the Note, a car not sold in the US.
Luxury car Mercedes Benz to turn further pricey from Jan 15
A combination of all these factors led to a significant increase in the company's operational costs, prompting it to revise the ex-showroom of the entire model range and continue to build a sustainable and fundamentally strong business, the company said.
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