UPCOMING ELECTRIC CAR
Mercedes seeks to tap first-time luxury buyers in India with entry-level EVs
Mercedes-Benz India, under CEO Santosh Iyer, launched the EQA 250 and EQB 350 to attract new luxury car buyers. Upcoming EVs include the EQS Maybach SUV and electrified G-Class, priced over Rs 3 crore. They achieved their best sales in 2023 and 60% EV growth in H1 2024, targeting Rs 1 crore income households for double-digit growth.
Tata Motors reveals Curvv EV. Here's all you need to know about the upcoming SUV coupé
Tata Motors will soon launch the Curvv EV, boasting a 400-500 km range, dual-motor setup, and design elements from the Harrier, including a tall bumper and wide air dam. It’s priced above Nexon EV, which has a 30.2 kWh battery pack. Tata currently sells the Tiago EV, Punch EV, and Tigor EV, with ICE models following.
Car sales lose pace in June, SUVs stay in front
Passenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compared to 328,710 last year. SUVs comprised 53% of sales.
£315,000 Ferrari supercars growl a warning for EVs
Since going public in 2015, the Italian company has expanded both the volume and variety of cars it sells, while preserving exclusivity by raising prices, restricting who can order vehicles and resulting in long waiting lists. Around three-quarters of its cars are purchased by existing clients, while almost half the company’s vehicle sales are hybrids.
Car discounts make comeback after four long years of waiting in the auto industry
Car discounts have returned after four years of long waitlists, driven by changes in the automotive industry's pricing strategies. Dealers are ramping up production to meet high demand, especially for SUVs, and are offering substantial discounts across various models. Some discounts reach as high as Rs 1.5 lakh on specific models, including hatchbacks, sedans, and electric vehicles (EVs).
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
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Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility
Domestic auto makers like Maruti Suzuki, Hero MotoCorp, and TVS Motor are seizing the export opportunity in the electric vehicle market. Maruti Suzuki is set to export its first electric SUV to Europe, Hero MotoCorp is launching its VIDA V1 electric scooter in European countries, and TVS Motor is expanding to the European Union with its electric scooter iQube.
MG Motor to launch its most premium electric car, Cloud EV, later this year : Report
MG Motor is gearing up to launch a new electric car in India later this year, with reports indicating that the MG Cloud EV will make its debut in September. The price range for the vehicle is expected to be below Rs 20 lakh, although some sources suggest it could be closer to Rs 25 lakh. If priced competitively, the Cloud EV will compete against popular models like the Tata Nexon, BYE E6, and the Mahindra XUV400 in the Indian market.
Indian streets gear up for electrifying SUV launches from Tata, Hyundai, Maruti & more
India gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
Ola Electric is said to face investor pushback on IPO valuation
Ola Electric Mobility is encountering resistance from investors regarding its targeted valuation for the upcoming initial public offering. According to sources familiar with the matter, the company's founder is aiming for a valuation of up to $7 billion in the Mumbai listing. However, initial feedback from investors suggests a valuation closer to $5 billion. The sources requested anonymity as the information is not public.
Ferrari’s first Electric Vehicle to be launched. Why does it cost more than other e-vehicles?
Ferrari has announced its decision to manufacture e-vehicles. The company’s entry into this space comes at a time when consumers are moving away from purchasing e-vehicles in favor of hybrid vehicles.
Cost of FAME 3: Meet local sourcing norms or face penalty
Companies certifying vehicles for subsidies under FAME 3 - scheduled to be announced in the upcoming budget - will have to undergo a techno-commercial audit twice a year to ascertain they are meeting localisation guidelines. If they come up short, they will have to pay penalties.
Tata Motors reveals launch timeline of Curvv, Harrier, Sierra and Avinya electric cars
Tata Motors has announced the rollout of its new electric vehicles (EVs): the Curvv.ev and Harrier.ev will launch in FY25, while the Avinya and Sierra.ev will debut in FY26. The company plans to expand its EV showrooms from 2 to 50 and boost public charging points from 10,000 to over 100,000 by 2030. Collaborations with Tata Group companies will support technology and cost benefits, and the Avinya will leverage JLR's EMA platform to enter the premium EV market
What will happen to Tesla CEO Elon Musk's $56 bn pay package?
Tesla shareholders are set to vote on reinstating CEO Elon Musk's $56 billion pay package, which was invalidated by a Delaware judge for being unfair to shareholders. A "yes" vote won't automatically reinstate the package but could strengthen Tesla's legal case to overturn the ruling. If the package is rejected, Tesla may still appeal the decision and negotiate a similar pay plan with Musk. Regardless of the vote outcome, Tesla faces potential legal challenges and significant costs if a new package is required.
VinFast VF e34 electric SUV spotted in India. Here's what we know about it
VinFast, an EV maker, has started building an integrated EV facility in India, particularly in Tamil Nadu. A test mule of its electric SUV, the VF e34, has been spotted on Indian roads.
Japan's Toyota shows 'an engine born' with green fuel despite global push for battery electric cars
Toyota plans to introduce lean compact engines running on green fuels like hydrogen and bioethanol, paired with electric motors in hybrids. The company aims to push the world into carbon neutrality with optimized engines for the electrification era.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
Kia teases new EV3 ahead of launch. Here's all about it
Kia unveiled teaser images of the upcoming EV3, a compact SUV with dynamic styling and Star Map lighting. The design is inspired by the flagship EV9. The global premiere is set for May 23rd.
EVs a luxury the Indian rich can’t get enough of
Luxury electric car sales are surging in India, driven by young buyers. Uncertainties loom over market impact of new policies and Tesla's entry. Car manufacturers plan expansions to cater to evolving consumer demands and preferences.
India EV policy to help global car companies expedite investment decisions: Skoda senior executive
Petr Janeba's comments come at a time when Skoda Auto Volkswagen India is in the process of finalising its next phase of investment. Skoda leads the Volkswagen Group’s strategy in India. The VW Group comprises Skoda, VW, Porsche, and Audi, among other brands.
EV car race: Will it be a Tesla vs Tata Motors battle on Indian roads?
India's policy aims to attract Tesla for local manufacturing, creating competition with Tata Motors in the luxury car segment. The market sees potential growth with key players like Tata, MG, and Mahindra in the EV sector.
Mercedez Benz research wing expands Bengaluru presence
The company will pay a rent of ₹72 per square foot per month in the first three years of the lease, according to a source with direct knowledge of the deal. The company also renewed its lease with Embassy Crest in Whitefield from Embassy Property Developments for 60 months at the end of 2023. Mercedes-Benz Research and Development India is planning to hire over 1,000 engineers in India in the upcoming year, as per market information.
Xiaomi CEO teases price on upcoming EV, showrooms begin displaying vehicle
The company will on Thursday evening announce its official price range and start taking orders for the car, dubbed the SU7, with the SU short for Speed Ultra. CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range.
Car models crowd in as EVs spark in India
India's electric vehicle market is expanding rapidly with government support and increasing consumer awareness. Tata Motors leads the market with a range of popular models, while MG Motor India, Mahindra & Mahindra, and BYD are also prominent players.
New-gen Dacia Spring EV launching globally on Feb 21. Could come to India as Kwid EV
Dacia will launch the new version of Spring EV on February 21. The France-based automaker plans to introduce a Made in India EV by 2027. The new Spring EV is expected to come to India as the Kwid EV. Other upcoming electric cars in India include Maruti Suzuki eVX, Tata Curvv, Skoda Enyaq, Kia EV9, and Mahindra XUV e8.
From Tata Punch EV to BYD Seal, upcoming electric cars in 2024 with highest range
The electric vehicle (EV) landscape in India is undergoing constant evolution, with 2024 poised for exciting launches as automakers gear up to expand their portfolios and intensify competition. Here are some of the notable EV launches anticipated in 2024, expected to boast impressive ranges.
From Maruti eVX to Creta EV: Upcoming electric cars in India in 2024
Top automakers, including Maruti Suzuki, Tata Motors, Kia, and Hyundai are set to launch new electric cars next year. Here are the most anticipated electric cars slated to be launched in India in 2024.
Upcoming Tata Punch EV spotted on Indian roads, features revealed
The Tata Punch EV, set to be released in November 2023, has been spotted testing on Indian roads. Spy shots of the electric vehicle reveal features such as a 10.25-inch touchscreen infotainment system and interior upgrades. The exterior is expected to receive a facelift with new daytime running lights and headlamps.
EVs launched in India in September 2023. Full list
Last month, several electric vehicles were launched in India, including cars and two-wheelers. Tata Motors launched the 2023 Nexon EV facelift, which comes in two versions with prices ranging from Rs 14.74 lakh to Rs 19.94 lakh. BMW introduced the iX1, the costliest EV launched in September, with a driving range of 440 kilometers. Electric One unveiled two new electric scooters, the E1 Astro and E1 Astro Pro, priced at Rs 99,999 and Rs 1,24,999 respectively. mXmoto launched the mXv ECO scooters starting at INR 84,999, and the Aventose S110 was designed for fleets and delivery personnel.
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