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Mercedes-Benz India is anticipating another year of record sales, with strong demand and new product launches in 2023. Despite challenges in the supply chain, the company's Managing Director and CEO, Santosh Iyer, is optimistic about ending the year on a high note. They have launched two new products, the GLE SUV and AMG C 43, completing their planned launches for 2023.
Indian steel magnate Sajjan Jindal is reportedly forming a new company by acquiring a stake in MG Motor India, a unit of Chinese company SAIC, and purchasing Ford's factory in Chennai. Jindal is also in talks with Chinese auto company Leapmotor to license their technology for electric vehicles. The deal between Jindal's entity and MG Motor is said to be imminent, providing MG Motor with the necessary funds to expand its India business. Jindal would gain access to technologies and vehicle platforms through the partnership.
Japan's Mitsubishi Motors will end production in China, the company said Tuesday, after failing to keep pace with the local market's rapid shift to electric vehicles. "Local production of Mitsubishi brand vehicles in China will be terminated," the company said in a statement released Tuesday.
Tesla: The automaker also said in a regulatory filing that the Justice Department was looking into its self-driving feature, personal benefits and personnel decisions, in a move that marked intensifying regulatory scrutiny of the Elon Musk-led company.
Jlr: The British luxury carmaker, which is owned by India's Tata Motors, said earlier this year it will invest 15 billion pounds (USD 19 billion) over the next five years to develop EVs, with a new electric Jaguar coming in 2025.