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Huawei Partners With More 'Legacy' Automakers to Produce Aito-Branded EVs in China
China's Huawei Technologies is partnering with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, the company's senior executive announced at the China EV 100 forum in Beijing on Saturday. The Chinese technology conglomerate is working to expand its presence in the auto ...
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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
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Prices Of Natural Gas Rise By 40 Per Cent, CNG Likely To Cost More
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
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Automobile Company Cheated Out Of Rs 1 Crore By Fraudster
A popular automobile company was allegedly duped of over Rs 1 crore by a fraudster who sent fake messages to the firm's chief financial officer in the name of its vice chairman and got the money transferred in seven bank accounts, police said.
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Toyota Commits $70 Billion To Bolster Electrification, Shares Rally
Toyota's announcement comes as traditional automobile firms increasingly take on Tesla Inc, which has become the most valuable carmaker this year.
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Ferrari Signs Deal With Blockchain Firm Velas to Create Digital Products for Fans
Ferrari, the luxury automobile manufacturer, said on Monday that it has signed a multi-year accord with Swiss technology firm Velas Network to create digital content for its fans.
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Toyota Commits $70 Billion To Bolster Electrification, Shares Rally
Toyota's announcement comes as traditional automobile firms increasingly take on Tesla Inc, which has become the most valuable carmaker this year.
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Global Semiconductor Shortage Dampening Festive Spirit For Consumer Electronics, Auto Firms
The global semiconductor shortage is hitting the Indian mobiles, consumer electronics and automotive sectors hard in the midst of the festive season when sales usually peak, with the automobile industry understood to have piled up around 5 lakh pending orders.
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Geely's EV Brand Zeekr Raises $500 Million In First External Funding
Investors also included Cathay Fortune Corporation, which invests in mining companies, and private-equity firm Boyu Capital that additionally signed long-term investment partnerships with Zeekr, the carmaker said in a statement.
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M&M To Merge Mahindra First Choice With TVS Automobile
M&M will acquire 2.76 per cent stake in the TVS group firm TASL. And TASL will acquire the entire stake of Mahindra Holdings Ltd, a wholly-owned subsidiary of M&M, in Mahindra First Choice Services and its subsidiary Auto Digitech
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CNG Price Hiked In Delhi-NCR By Re 1
Indraprastha Gas Ltd (IGL), the firm that retails CNG to automobiles and piped natural gas to household kitchens, on Monday revised CNG price in the national capital and adjoining cities by one rupee per kg.
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Market Today: Sensex Soars Over 650 Points, Nifty Firm Above 9,400 On Global Cues
BSE Sensex Today: Domestic stock markets started Monday's session on a sharply higher note tracking gains in Asian peers, as the country remained in the third phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic. The S&P BSE Sensex index jumped as much as 2.08 per cent - or 658.88 points - to touch 32,301.58 in t...
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Sensex Rises Over 200 Points, Nifty Firm Above 12,000 Amid Gains Across Sectors: 10 Things To Know
Domestic stock markets started Wednesday's session on a choppy note after a gap-up opening, a day after benchmark indices recouped all of the losses registered on February 1 when the government presented its Budget in Parliament. The S&P BSE Sensex index rose as much as 208.64 points to touch 40,998.02 in morning, and the broader NSE Nifty benchmar...
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Tax Raids At 8 Premises Of Lalit Hotels Promoter Jyotsna Suri, Associates
The Income Tax Department has launched searches at multiple locations of the Bharat Hotels group, its associates and a leading automobile dealer firm in connection with a tax evasion probe, officials said on Monday.
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Fiat Chrysler, Peugeot In Merger Talks To Create $50 Billion Firm: Report
US-Italian auto giant Fiat Chrysler and France's Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot's parent, PSA Group, would lead the new company as CEO while John Elkann, chairman of Fiat Chrysler Automobile ...
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Huawei Partners With More 'Legacy' Automakers to Produce Aito-Branded EVs in China
China's Huawei Technologies is partnering with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, the company's senior executive announced at the China EV 100 forum in Beijing on Saturday. The Chinese technology conglomerate is working to expand its presence in the auto ...
-
Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
-
Prices Of Natural Gas Rise By 40 Per Cent, CNG Likely To Cost More
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
-
Automobile Company Cheated Out Of Rs 1 Crore By Fraudster
A popular automobile company was allegedly duped of over Rs 1 crore by a fraudster who sent fake messages to the firm's chief financial officer in the name of its vice chairman and got the money transferred in seven bank accounts, police said.
-
Toyota Commits $70 Billion To Bolster Electrification, Shares Rally
Toyota's announcement comes as traditional automobile firms increasingly take on Tesla Inc, which has become the most valuable carmaker this year.
-
Ferrari Signs Deal With Blockchain Firm Velas to Create Digital Products for Fans
Ferrari, the luxury automobile manufacturer, said on Monday that it has signed a multi-year accord with Swiss technology firm Velas Network to create digital content for its fans.
-
Toyota Commits $70 Billion To Bolster Electrification, Shares Rally
Toyota's announcement comes as traditional automobile firms increasingly take on Tesla Inc, which has become the most valuable carmaker this year.
-
Global Semiconductor Shortage Dampening Festive Spirit For Consumer Electronics, Auto Firms
The global semiconductor shortage is hitting the Indian mobiles, consumer electronics and automotive sectors hard in the midst of the festive season when sales usually peak, with the automobile industry understood to have piled up around 5 lakh pending orders.
-
Geely's EV Brand Zeekr Raises $500 Million In First External Funding
Investors also included Cathay Fortune Corporation, which invests in mining companies, and private-equity firm Boyu Capital that additionally signed long-term investment partnerships with Zeekr, the carmaker said in a statement.
-
M&M To Merge Mahindra First Choice With TVS Automobile
M&M will acquire 2.76 per cent stake in the TVS group firm TASL. And TASL will acquire the entire stake of Mahindra Holdings Ltd, a wholly-owned subsidiary of M&M, in Mahindra First Choice Services and its subsidiary Auto Digitech
-
CNG Price Hiked In Delhi-NCR By Re 1
Indraprastha Gas Ltd (IGL), the firm that retails CNG to automobiles and piped natural gas to household kitchens, on Monday revised CNG price in the national capital and adjoining cities by one rupee per kg.
-
Market Today: Sensex Soars Over 650 Points, Nifty Firm Above 9,400 On Global Cues
BSE Sensex Today: Domestic stock markets started Monday's session on a sharply higher note tracking gains in Asian peers, as the country remained in the third phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic. The S&P BSE Sensex index jumped as much as 2.08 per cent - or 658.88 points - to touch 32,301.58 in t...
-
Sensex Rises Over 200 Points, Nifty Firm Above 12,000 Amid Gains Across Sectors: 10 Things To Know
Domestic stock markets started Wednesday's session on a choppy note after a gap-up opening, a day after benchmark indices recouped all of the losses registered on February 1 when the government presented its Budget in Parliament. The S&P BSE Sensex index rose as much as 208.64 points to touch 40,998.02 in morning, and the broader NSE Nifty benchmar...
-
Tax Raids At 8 Premises Of Lalit Hotels Promoter Jyotsna Suri, Associates
The Income Tax Department has launched searches at multiple locations of the Bharat Hotels group, its associates and a leading automobile dealer firm in connection with a tax evasion probe, officials said on Monday.
-
Fiat Chrysler, Peugeot In Merger Talks To Create $50 Billion Firm: Report
US-Italian auto giant Fiat Chrysler and France's Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot's parent, PSA Group, would lead the new company as CEO while John Elkann, chairman of Fiat Chrysler Automobile ...
