AUTOMOBILES
Volkswagen Announces Car Price Increase Effective January
Mahindra & Mahindra, on December 6, stated that it would increase the prices of its passenger and commercial vehicles, while Maruti Suzuki announced on November 27 that it would raise car prices from January 2024.
Tesla Issues Warning: Owners Face $50k Penalty for Selling Cybertruck Within First Year
Tesla has employed similar clauses in the past to discourage "flipping" of its vehicles, where buyers purchase a car with the intention of quickly reselling it for a profit.
Report Suggests India's EV Market Could Achieve $100 Billion Revenue by 2030 with Resolution of Key Issues
The growth in EV adoption is expected to be driven primarily by two-wheelers and three-wheelers, with a projected penetration of over 45%. Four-wheelers, specifically cars, are also expected to grow to more than 20% penetration by 2030.
Mahindra Announces Vehicle Price Increase Starting Next Month
This announcement follows a similar move by Maruti Suzuki, India's leading carmaker, which declared last week that it would increase the prices of its cars from January 2024.
Tesla Unveils Cybertruck at $60,990, Begins Deliveries to Initial Group of Customers
During the event, Tesla revealed updated specifications regarding pricing, range, and features for the Cybertruck.
Maruti Suzuki Announces Price Hike for Cars in January
In a regulatory filing, Maruti Suzuki acknowledged its continuous efforts to curtail costs.
US Judge Says Tesla and Elon Musk's Awareness of Defective Autopilot System
The lawsuit stemmed from a tragic incident in 2019 when a Model 3 crashed into the trailer of a truck in Miami, resulting in a fatality.
Tesla Employees Report Robot Injuries Explosions at US Cybertruck Factory
The report highlights alarming statistics, citing injury data submitted to the Occupational Safety and Health Administration (OSHA). Allegedly, one in every 21 workers at the Texas facility suffered injuries in 2022.
Piyush Goyal Tours Tesla Factory, Elon Musk Apologizes for Unavailability Due to Illness
Goyal posted on X that it was "extremely delighted to see talented Indian engineers and finance professionals working at senior positions and contributing to Tesla’s remarkable journey to transform mobility”.
Tesla Will File $50K Lawsuit for Reselling Cybertruck Within the First Year
As per the company's terms and conditions, buyers of the Cybertruck are prohibited from reselling the vehicle during the initial year after purchase.
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