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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
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Indian Automobile Industry To Be Largest In Next 5 Years: Nitin Gadkari
The Union Minister of Road Transport and Highways stated that India will have the largest automobile industry in the next five years.
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Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
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2024 Diwali Special: Top 7 CarLaunches Of The Year So Far
The car launches that were as loud as Diwali patakas, and managed to add a festive stir to the industry, here we talk about them all.
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Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
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Ola Electric In Trouble? MHI Asks ARAI To Respond To Show Cause Notice
The Ministry of Heavy Industries has written to the Automotive Research Association of India to comment on the show cause notice regarding Ola Electric.
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Auto Industry Should Prioritise After-Sales Service, Quality Assurance: Nitin Gadkari
Nitin Gadkari says that it is critical for the sector to innovate, especially in areas like customer service, after-sales and quality assurance.
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Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
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Electric Two And Three-Wheeler Subsidies Extended Till September 2024
The Ministry of Heavy Industries (MHI) has extended the Electric Mobility Promotion Scheme for two and three wheelers till September 30, 2024.
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Video Games Face Delay After Actors Go on Strike Over AI Use, but GTA 6 Reportedly Won't Be Impacted
Rockstar Games’ Grand Theft Auto 6 was earlier believed to be affected by the ongoing SAG-AFTRA video game actors’ strike. A new report, however, has confirmed that the hotly anticipated game won't be impacted by the SAG-AFTRA action.
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Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
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Car Wholesales Rise By 3% But Retail Sales Drop By 7% In April-June 2024
Dealers are currently sitting on an unsold car inventory of nearly 7 lakh units.
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World Environment Day: Planning To Go Electric? Top EVs Under Rs 20 Lakh
During the last financial year (FY24), electric car sales doubled the growth. Industry body FADA, in its annual retail sales report, said nearly 91,000 electric cars were sold during the period.
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Leaked PS5 Pro Specifications Hint at Improved System Memory, CPU Speed and Faster GPU
Sony is said to be working on a ‘Pro’ version of the PlayStation 5, aiming for a launch later this year. Industry analysts had said last month that a PS5 Pro with updated hardware capabilities will likely be released before Grand Theft Auto 6 launches in 2025. Now, a new report has detailed the specifications of the upcoming console.
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Xiaomi EV Technology to be Showcased at Company's December 28 Stride Event
Xiaomi has announced that the company will soon unveil the company's electric vehicle technology. Earlier this year, an electric vehicle from the company, codenamed 'Modena', was seen being tested in cold, snowy terrains. The upcoming launch event will, however, not see any product reveal and will only showcase the firm's EV technology, Xiaomi CEO ...
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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
-
Indian Automobile Industry To Be Largest In Next 5 Years: Nitin Gadkari
The Union Minister of Road Transport and Highways stated that India will have the largest automobile industry in the next five years.
-
Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
-
2024 Diwali Special: Top 7 CarLaunches Of The Year So Far
The car launches that were as loud as Diwali patakas, and managed to add a festive stir to the industry, here we talk about them all.
-
Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
-
Ola Electric In Trouble? MHI Asks ARAI To Respond To Show Cause Notice
The Ministry of Heavy Industries has written to the Automotive Research Association of India to comment on the show cause notice regarding Ola Electric.
-
Auto Industry Should Prioritise After-Sales Service, Quality Assurance: Nitin Gadkari
Nitin Gadkari says that it is critical for the sector to innovate, especially in areas like customer service, after-sales and quality assurance.
-
Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
-
Electric Two And Three-Wheeler Subsidies Extended Till September 2024
The Ministry of Heavy Industries (MHI) has extended the Electric Mobility Promotion Scheme for two and three wheelers till September 30, 2024.
-
Video Games Face Delay After Actors Go on Strike Over AI Use, but GTA 6 Reportedly Won't Be Impacted
Rockstar Games’ Grand Theft Auto 6 was earlier believed to be affected by the ongoing SAG-AFTRA video game actors’ strike. A new report, however, has confirmed that the hotly anticipated game won't be impacted by the SAG-AFTRA action.
-
Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
-
Car Wholesales Rise By 3% But Retail Sales Drop By 7% In April-June 2024
Dealers are currently sitting on an unsold car inventory of nearly 7 lakh units.
-
World Environment Day: Planning To Go Electric? Top EVs Under Rs 20 Lakh
During the last financial year (FY24), electric car sales doubled the growth. Industry body FADA, in its annual retail sales report, said nearly 91,000 electric cars were sold during the period.
-
Leaked PS5 Pro Specifications Hint at Improved System Memory, CPU Speed and Faster GPU
Sony is said to be working on a ‘Pro’ version of the PlayStation 5, aiming for a launch later this year. Industry analysts had said last month that a PS5 Pro with updated hardware capabilities will likely be released before Grand Theft Auto 6 launches in 2025. Now, a new report has detailed the specifications of the upcoming console.
-
Xiaomi EV Technology to be Showcased at Company's December 28 Stride Event
Xiaomi has announced that the company will soon unveil the company's electric vehicle technology. Earlier this year, an electric vehicle from the company, codenamed 'Modena', was seen being tested in cold, snowy terrains. The upcoming launch event will, however, not see any product reveal and will only showcase the firm's EV technology, Xiaomi CEO ...
