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Mercedes-Benz India Planning to Launch New EVs in Coming Months, Expects EV Portfolio to Grow
Mercedes-Benz India is expecting its EV portfolio to make up 25 percent of its total car sales in the next three years, growing from the current levels of three to four percent. The German automaker is planning to launch three to four EVs in the coming 12 to 18 months in India.
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"Even I Can't Afford Your Car": Nitin Gadkari To Mercedes-Benz
Union Minister Nitin Gadkari on Friday asked German premium car maker Mercedes-Benz to produce more cars locally and emphasised that such a move reduces the cost besides increasing affordability.
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Audi India to Discontinue ICE Vehicles From 2033, Focus Only on EVs, Top Official Says
Audi will focus on electric vehicles in India by 2023, Audi India head Balbir Singh Dhillon said on Tuesday. The German luxury car maker will stop making cars that run on international combustion engines (ICE), and commence the transition to sell only electric vehicles from 2033 onwards. according to the official.
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Volkswagen Begins Work on First In-House Battery Factory; Aims to Take on US, China Rivals
Volkswagen has begun working on its first in-house battery factory on Thursday, part of a plan by the German automaker to compete with rivals in the US and China. The company has invested a total of EUR 46 billion (roughly Rs. 3,69,900 crore) as part its ambitious goal of becoming the world's biggest electric car manufacturer by 2025. Legacy carmak...
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Germany Wants to Invite Chip Makers for Local Production, Offers EUR 14 Billion as State Aid
Germany’s Economy Minister Robert Habeck expressed the government’s wish to attract global chip makers to the country in lieu of EUR 14 billion state aid. This is line with EU’s plans to encourage chip manufacturing in the European Union due to a boom in demand.
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Porsche India Sells 474 Units In 2021 Witnessing A 62% Growth YoY
Between January and December 2021, Porsche India sold 474 units in the country, its best-ever sales performance since 2014. Compared to 2020, the German luxury sports car maker witnessed a massive 62 per cent year-on-year growth.
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Volkswagen CEO Tells Employees 'Revolution' Is Needed to Tackle Tesla, Chinese EV Makers
Volkswagen CEO Herbert Diess told employees on Thursday to prepare for a ‘revolution’ needed to take on electric car pioneer Tesla and Chinese EV manufacturers.
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Continental Restructures Technology Unit, Downsizes Board
German car parts maker Continental announced plans for a restructuring that will combine from the start of next year business activities around connectivity, mobility, and high-performance computers.
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German Decision On Tesla Subsidies Expected By End Of Year
Tesla plans to invest 5 billion euros in its battery cell factory at Gruenheide near Berlin to complement its nearly finished electric car factory at the same location.
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Porsche's Global Sales Grew 31% In First Half Of 2021; Sells Over 1.53 Lakh Units Worldwide
German luxury sports car maker, Porsche has released its global sales numbers for the first half (H1) of the 2021 calendar year. Between January and June 2021, the Stuttgart-based carmaker sold 153,656 vehicles worldwide, registering an increase of 31 per cent compared to the same period in 2020.
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More Chip Shortage Woes Could Hit Carmakers, Suppliers In 2021
More production headaches could lie ahead for the auto industry as a semiconductor chip shortage complicates the recovery from last year's pandemic-related shutdowns, suppliers Robert Bosch and German chip maker Infineon warned on Thursday.
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Daimler To Spin Off Truck Unit, Sharpen Investor Focus On Mercedes-Benz
German carmaker Daimler said on Wednesday it plans to spin off Daimler Truck, the world's largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business, sending its shares up nearly 9%.
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Daimler To Produce Fully Electric Mercedes-Benz EQB Compact SUV In Hungary
German car maker Daimler will begin serial production of the EQB electric model in Hungary in the fourth quarter of 2021 after investment of more than 100 million euro ($122 million) investment, factory director Christian Wolff said on Monday.
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Porsche Reveals 3 Unreleased Concept Cars As Part Of 'Porsche Unseen' Project
German luxury sport car maker, Porsche has recently released some new design studies, which give us a glimpse of three never-before-seen concept cars.
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BMW Says Third-Quarter Cash Flow In Auto Segment Was Above Expectations
An optimisation of working capital and a reduction of fixed costs and capital expenditure had helped to bolster earnings, but earnings forecasts for the individual segments and the multi-brand carmaking group remain unchanged.
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Mercedes-Benz India Planning to Launch New EVs in Coming Months, Expects EV Portfolio to Grow
Mercedes-Benz India is expecting its EV portfolio to make up 25 percent of its total car sales in the next three years, growing from the current levels of three to four percent. The German automaker is planning to launch three to four EVs in the coming 12 to 18 months in India.
-
"Even I Can't Afford Your Car": Nitin Gadkari To Mercedes-Benz
Union Minister Nitin Gadkari on Friday asked German premium car maker Mercedes-Benz to produce more cars locally and emphasised that such a move reduces the cost besides increasing affordability.
-
Audi India to Discontinue ICE Vehicles From 2033, Focus Only on EVs, Top Official Says
Audi will focus on electric vehicles in India by 2023, Audi India head Balbir Singh Dhillon said on Tuesday. The German luxury car maker will stop making cars that run on international combustion engines (ICE), and commence the transition to sell only electric vehicles from 2033 onwards. according to the official.
-
Volkswagen Begins Work on First In-House Battery Factory; Aims to Take on US, China Rivals
Volkswagen has begun working on its first in-house battery factory on Thursday, part of a plan by the German automaker to compete with rivals in the US and China. The company has invested a total of EUR 46 billion (roughly Rs. 3,69,900 crore) as part its ambitious goal of becoming the world's biggest electric car manufacturer by 2025. Legacy carmak...
-
Germany Wants to Invite Chip Makers for Local Production, Offers EUR 14 Billion as State Aid
Germany’s Economy Minister Robert Habeck expressed the government’s wish to attract global chip makers to the country in lieu of EUR 14 billion state aid. This is line with EU’s plans to encourage chip manufacturing in the European Union due to a boom in demand.
-
Porsche India Sells 474 Units In 2021 Witnessing A 62% Growth YoY
Between January and December 2021, Porsche India sold 474 units in the country, its best-ever sales performance since 2014. Compared to 2020, the German luxury sports car maker witnessed a massive 62 per cent year-on-year growth.
-
Volkswagen CEO Tells Employees 'Revolution' Is Needed to Tackle Tesla, Chinese EV Makers
Volkswagen CEO Herbert Diess told employees on Thursday to prepare for a ‘revolution’ needed to take on electric car pioneer Tesla and Chinese EV manufacturers.
-
Continental Restructures Technology Unit, Downsizes Board
German car parts maker Continental announced plans for a restructuring that will combine from the start of next year business activities around connectivity, mobility, and high-performance computers.
-
German Decision On Tesla Subsidies Expected By End Of Year
Tesla plans to invest 5 billion euros in its battery cell factory at Gruenheide near Berlin to complement its nearly finished electric car factory at the same location.
-
Porsche's Global Sales Grew 31% In First Half Of 2021; Sells Over 1.53 Lakh Units Worldwide
German luxury sports car maker, Porsche has released its global sales numbers for the first half (H1) of the 2021 calendar year. Between January and June 2021, the Stuttgart-based carmaker sold 153,656 vehicles worldwide, registering an increase of 31 per cent compared to the same period in 2020.
-
More Chip Shortage Woes Could Hit Carmakers, Suppliers In 2021
More production headaches could lie ahead for the auto industry as a semiconductor chip shortage complicates the recovery from last year's pandemic-related shutdowns, suppliers Robert Bosch and German chip maker Infineon warned on Thursday.
-
Daimler To Spin Off Truck Unit, Sharpen Investor Focus On Mercedes-Benz
German carmaker Daimler said on Wednesday it plans to spin off Daimler Truck, the world's largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business, sending its shares up nearly 9%.
-
Daimler To Produce Fully Electric Mercedes-Benz EQB Compact SUV In Hungary
German car maker Daimler will begin serial production of the EQB electric model in Hungary in the fourth quarter of 2021 after investment of more than 100 million euro ($122 million) investment, factory director Christian Wolff said on Monday.
-
Porsche Reveals 3 Unreleased Concept Cars As Part Of 'Porsche Unseen' Project
German luxury sport car maker, Porsche has recently released some new design studies, which give us a glimpse of three never-before-seen concept cars.
-
BMW Says Third-Quarter Cash Flow In Auto Segment Was Above Expectations
An optimisation of working capital and a reduction of fixed costs and capital expenditure had helped to bolster earnings, but earnings forecasts for the individual segments and the multi-brand carmaking group remain unchanged.
