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Baby, you can drive my EV

The luxury segment is setting the trend for automobile consumers migration to sustainability. Consumers are becoming more environmentally conscious and are demanding sustainable products, including sustainable vehicles. This may sound paradoxical, but the change is driven by the younger generation that is far more conscious of the environment and are mindful of their carbon footprint than earlier ones.
United Arab Emirates Antonio Guterre Change Performance Index Mercedes Benz India Electric Vehicles Luxury Ev Vehicles

How Bajaj Auto is planning to up its EV game

Bajaj plans to scale up its electric vehicle business in Q4 FY, focusing on electric three wheelers and Chetak electric scooters. The company aims to expand its electric three wheeler network to 70-80 cities and increase Chetak EV sales to 15,000 units per month. Bajaj will commission a new facility for electric three wheelers and spend INR 400 crore. The future course of action depends on the FAME policy. Bajaj reported a 38% growth in Q3 FY24 with INR 2,032.62 crore PAT and INR 12,165.33 crore...
Dinesh Thapar Bajaj Auto Chief Financial Officer Annual Report Faster Adoption Electric Vehicles

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SEOUL -- Hyundai Motor eked out a gain in operating profit in the fourth quarter of 2023 from the same period the year before as electr
Soult Ukpyolsi South Korea
Source: nikkei.com

Historic breakthrough for UK automotive industry | Shanghai Non ferrous Metals

In 2023, UK vehicle production rose to 1.03 million, up 17%, marking the best performance since 2019. Boosted by easing chip shortages and a surge in electric vehicle output, the sector attracted record investments of ยฃ23.7bn, setting the stage for sustainable growth and a stronger presence in global markets...
United States United Kingdom Society Of Motor Manufacturers Motor Manufacturers Mainland China
Source: metal.com

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