electric and sport utility

While attempts to reach a spokesperson for Sony Honda Mobility were unsuccessful, the formation of the joint venture in 2022 underscores Honda's ambitions to narrow the gap with its EV competitors. Leveraging Honda's automotive expertise and Sony's proficiency in software and gaming

SUVs dominate Indian car sales, but only a third meet official criteria for classification. Total car sales hit 4.23 million units, with SUVs claiming over 50% market share. Young buyers favor SUVs for style and tax benefits. Industry sees SUV evolution and diverse offerings reshaping market dynamics.

Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere

Jaguar Land Rover, under Tata Motors, will manufacture Range Rover and Range Rover Sport models in India for the first time. This move aims to enhance localisation, reduce prices by 18-22%, and reach a wider customer base.

China dominates global manufacturing with a third of the world's goods production, focusing on electric cars, semiconductors, and renewable energy. Concerns about overcapacity and trade imbalances persist as China's exports rise, prompting calls for import adjustments to address the trade surplus and global trade concerns.

Hyundai Motor India is looking to tap growth opportunities in the rural areas with rise in demand for aspirational products like sports utility vehicles and feature-rich models, according to company's Chief Operating Officer Tarun Garg. The automaker's sales outlets in the rural areas have crossed the 600-mark already and it has also increased its manpower to over 5,000 people in such places. Hyundai's sales in the rural areas has crossed the one lakh-mark last year.

Elon Musk has said, “The natural progression is to provide Tesla electric vehicles in India.” Musk’s statement is being seen as a big sign of interest in Indian markets. Reports suggest that Tesla hopes to establish a state-of-the-art manufacturing plant in India with investments of $2-3 billion.

BYD's overseas operations have been picking up fast as it sold almost 17,000 EV units across various regions including Europe, Latin America, Southeast Asia, Middle East and Africa, and Oceania in Q3.

Fisker received NYSE non-compliance notice for stock closing below $1. Delisting possible if compliance not regained within six months. Companies use tactics like reverse stock splits, share buybacks to meet $1 minimum price requirement. Fisker faced delivery challenges for its Ocean sport utility vehicles due to distribution constraints.

The shift towards electric vehicles aligns with the current centre-left Labor government's commitment to emission reduction, having won power in 2022. A national EV strategy has been initiated, backed by substantial funding for clean transport, aimed at addressing Australia's significant emissions from the transportation sector.

Shift Robotics has launched a new product called “Moonwalkers” which is an AI-powered electric shoe, that can be used for a short distance commute. These shoes move at the wearer’s walking pace but offer acceleration when they need it. They are designed to look like sandals and are water-resistant. The shoes use AI to track the walking pattern of the wearer

Piyush Arora, CEO of Skoda Auto Volkswagen India, mentioned that the regulatory and safety changes in India are making the country more globally competitive. These changes have reduced the effort required to export cars from India.

​​The company had sold a total of 1,142 units in 2020. Currently, the company has one electric sports utility vehicle ZS EV in its India EV product portfolio, launched in January 2020.

The BMW X7 is available in both Petrol and diesel engine options. BMW claims that the top speed of the petrol engine is 245 kmph and it can hit 100 from 0 in 6.1 seconds. BMW also says that the diesel can hit 227 kmph of top speed and can do 0-100 in just 7 seconds.

In a presentation to reporters, Kia said it planned to launch the EV5, the third dedicated EV in its line-up after the EV6 and EV9, in South Korea in 2025.

Huawei-backed electric vehicle (EV) brand Aito has received more than 50,000 orders for its revamped M7 model within the first 25 days since it went on sale, the company said.

EV maker Fisker rallies after production update, bullish analyst report