Tesla regained its position as the top seller of battery electric vehicles (BEVs), despite experiencing a 9% year-on-year decline. A new report from Counterpoint Research revealed that the company will secure the leading spot in BEV sales, which will capture a 19 per cent market share in Q1.
The company has also reduced the price of Smart + and Smart + S petrol variants by up to Rs 40,000. This has come after the recent launch of Mahindra XUV 3XO (XUV300 facelift), which comes at a starting price of Rs 7.49 lakh.
The protestors were protesting against the expansion plan of the Tesla gigafactory in Grünheide, Germany. The protestors were part of five-day demonstration ahead of a local government vote to determine whether Tesla’s plant can expand.
Kawasaki has decided to discontinue the bike as its successor is available for sale in the country at the same price. This is not the first time this particular bike has been discontinued in India. Earlier, it was discontinued for almost two years, and it made its comeback in 2022.
The 2024 Maruti Suzuki Swift starts at Rs 6.49 lakh in India. It is Rs 25,000-37,000 more expensive than the outgoing model and comes with new features, evolutionary design, new engine and more.
BMW has experienced a decline in profits during the first quarter of 2024, despite robust sales growth- particularly in high-end models. The company disclosed earnings before interest and taxes (EBIT) fell by approximately a quarter compared to the previous year, amounting to 4.05 billion euros.
Tesla has laid off staff from the software, service and engineering departments as the automaker disbanded its EV charging department following Tesla's announcement last month which reduced its global workforce by more than 10 per cent.
The newly launched Toyota Innova Crysta GX+ variant is placed between the GX and VX variants. It offers 14 features in addition to what is available on the GX variant.
As Tesla faces a rough time due to a global slowdown in EV sales, Elon Musk asked billionaire investor Warren Buffet to invest in his company. It is not the first time when Buffet was invited to invest in Tesla, as Musk invited him when the company was worth 0.1 per cent.
The newly launched Pulsar NS400Z is a naked streetfighter, which is powered by a 373cc single-cylinder, liquid-cooled engine that is also used in the Dominar 400 and the older-gen KTM 390 range. The bike is now available for booking.
Maruti Suzuki will launch the 2024 Swift in India on May 9. The popular hatchback is now available for booking and even before its launch, its engine specifications and other features are out now due to a leaked brochure.
Force Motors has launched new 5-door Force Gurkha in India. In addition to this, the company has also launched update 3-door Gurkha in India. The SUV now comes with a re-tuned engine and minor changes in interior and exterior.
The upcoming 2024 Suzuki Swift will feature a similar design. However, the popular hatchback is expected to get a new interior, alloy wheels, and more. The 2024 Suzuki Swift is set to launch soon and it is currently open for booking.
Tesla's Supercharger network boasts the North American Charging Standard (NACS) connector technology, a system which major automakers have increased. But in the middle of tech advancement, Elon Musk’s recent directive to senior staff has stirred controversy.
The newly launched electric scooter is based on the NXG concept, which was shown at Auto Expo 2023. However, the production scooter differs significantly from the concept version. The scooter is offered in two variants.
Earlier, Toyota offered an automatic gearbox in the base and top specification variant of the Rumion. The new variant is Rs 1.40 lakh more expensive than its manual counterpart and Rs 1.06 lakh more expensive than the base S AT variant.
Mahindra XUV 3XO is a new entrant in the compact SUV segment in India. The SUV is a replacement for the Mahindra XUV300 and starts at Rs 7.9 lakh in the country. This time, Mahindra's compact SUV also gets a petrol automatic variant.
For layoff, Musk said it was time for reorganising Tesla as the electric car company, which has reportedly registered USD 1.13 billion for the net profit in January-March (2024) which was down by 55 per cent from USD 2.51 billion in 2023.
Hemant Bakshi, who was appointed as the CEO of Ola Cabs, resigned after four months of service in the company. The news has further triggered a workforce restructuring which will be affecting 10 per cent of employees. Bakshi's departure comes amidst challenges for the ride-hailing platform.
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