Hyundai Motor India aims to launch six EVs by 2028
The company will line up six battery-run electric vehicles during the period, it said on Wednesday. "Catering to the diversity of the Indian market, Hyundai's line-up of six 'Battery Electric Vehicles' will cater to multiple segments including mass market and mass premium segments in India," the automaker said. Besides, the company plans to invest approximately Rs 4,000 crore for R&D (Research & Development) towards the expansion of six electric vehicles line-up till 2028.
Mercedes-Benz delivers 1,000 cars through direct selling model
The carmaker had announced this business model in June this year, and subsequently, launched it in October, post the successful beta testing. Through the model, the company seeks to directly sell cars to the end users. "With this overwhelming start to 'Retail of the Future', Mercedes-Benz reiterates the culture of competing for the best customer experience and creates a new example in the luxury retail landscape," Mercedes-Benz India Managing Director and CEO Martin Schwenk said.
Musk's Tesla enters India in 2021, still remains in test mode
Tesla in 2021 was busy testing Model 3 at several locations, but concrete steps are yet to be taken to finally roll out the most coveted electric car for its fans in India. Last month, Union Minister for Road Transport and Highways, Nitin Gadkari, informed that Tesla car would cost about Rs 35 lakh in India. "However, this will materialise if Tesla commits to start manufacturing in India," he added.
Audi India to hike prices across model range from Jan 2022
"To offset rising input and operational costs, a price correction is necessary," Audi India head Balbir Singh Dhillon said in a statement. "The new price range of our select vehicles will ensure the brand's premium price positioning thereby assuring sustainable growth both for the brand and our dealer partners." In 2021, Audi India launched nine new products including five all-electric cars.
Global automotive sensor market to reach $92 bn by 2026: Report
The majority of revenue from vehicle automation and ADAS sensors will come from CMOS image sensors (cameras used for image recognition), which will remain more cost-effective than LiDAR (light detection and ranging) in many situations in the short term.
EV startup Lucid now more valuable than Ford
The recent surge of the Saudi-backed EV company comes after its CEO Peter Rawlinson said that he believes there is a long runway for the electric vehicle startup's stock and market value to rise beyond legacy automakers and to eventually be valued more like industry leader Tesla.
Daimler India targets 100% carbon neutrality by 2025
"Driving sustainability in our production and operations has been a key focus for DICV since our inception. Our efforts so far have already helped us reach 72 per cent CO2 neutrality in our plant, and we plan to push this to 100 per cent by 2025. We will work continuously towards a sustainable future for our stakeholders and society as a whole," Satyakam Arya, CEO and MD said.
EU recommends Celltrion's, Regeneron-Roche Covid antibody treatment
The Committee for Medicinal Products for Human Use (CHMP), which works under the European Medicines Agency (EMA) has recommended the application of South Korean pharma giant Celltrion's Rekirona in adult patients aged 18 and older, the EMA said in a statement on Friday. While the committee backed Regeneron-Roche's Ronapreve (also known as casirivimab/imdevimab) for treating Covid-19 in adults and adolescents from 12 years of age who do not require supplemental oxygen and who are at increased risk of their disease becoming severe, Yonhap News Agency reported.
Maruti launches new Celerio, calles it "most fuel efficient car"
Maruti Suzuki India’s leading car manufacturer, on Wednesday launched latest version of its popular compact hatchback, Celerio and called it "the most fuel-efficient petrol car" of the country. The car offers a mileage of 26.68 km per litre.
Tesla increases Model 3, Model Y ranges with 2022 model year
In an overnight update to its online configurator, Tesla changed the ranges of several of its most popular Model 3 and Model Y trims. Model years are not as big a deal with Tesla as it is with most other automakers since the electric automaker doesn't wait for a new model year to implement changes in its vehicles.