Page 72 - Evs News Today

The capital’s biennial car show opened yesterday until May, underscoring China’s dominant role in the EV market. In Europe, EU authorities want to stop it, but Chinese vehicles are ready to take on European markets. With competition fiercer as ever, most manufacturers are losing in the price war.

Hyundai Motor Group aims to boost its annual production capacity to 1.5 million units in India, focusing on expanding EV offerings and using India as an export hub. Hyundai plans to launch its first locally produced EV in 2023 and expand its EV lineup by 2030, while Kia will begin local EV production in 2025.

Automotive clients account for up to 35% of IT services manufacturing clients.Indias top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, ITs reliance on automotive revenue is now rising

India Business News: NEW DELHI: Indicating an aggressive expansion plan ahead of a planned IPO in India, Korean auto giant Hyundai Motor Group (HMG) has said it will incre.

Elon Musk has fueled uncertainty about Teslas India plans by recently prioritising an investor call over a visit to India, amid a period of declining global sales for the electric vehicle maker.

Japanese automakers are trying to regain ground in the world’s largest auto market

The makers of Manor Lords want to avoid pre-order scams

Predicting if, when and how the surge will happen is a challenge for the country’s utility companies

To expand production, Hyundai Motor India will open its Pune plant - acquired from General Motors - in the second half of next calendar year. The company is upgrading the facility for producing more than 200,000 vehicles annually. Adding the Chennai plants capacity of 824,000 vehicles, Hyundai Motor Indias annual capacity will reach more than one million vehicles a year, the company said.

Tesla CEO Elon Musk emphasized the EV company’s commitment to autonomy and a new robotaxi service during the EV maker’s first quarter earnings call.