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Mercedes-AMG SL55 Roadster launched in India at Rs. 2.35 crore

By:: AUTONEXA
Jun 23, 2023

Mercedes-Benz India has launched the SL55 AMG Roadster in the country, with a price tag starting at Rs. 2.35 crore (ex-showroom). The seventh generation model, which was revealed to the global market in 2021, arrives in the country via the CBU route. The high-performance vehicle is available in two ...

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Komaki launches upgraded SE scooter range with prices starting at INR 96,968

By:: AUTONEXA
Jun 22, 2023

New Delhi: Komaki, the country's leading electric vehicle (EV) manufacturer, has relaunched its Komaki SE scooters with more upgraded vand advanced features. Komaki SE ECO has a speed limit of 55-60 km and comes with an ex-showroom price of INR 96,968. The SE Sport has a range of 75-80 km, ex-showr...

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Canadian pension fund invests USD 400 mn in Swedish battery maker Northvolt

By:: AUTONEXA
Jun 21, 2023

Canada's Investment Management Corporation of Ontario (IMCO) has invested USD400 million in battery producer Northvolt, which will help the Swedish company expand lithium-ion battery production ahead of a possible initial public offering. Northvolt, which counts BMW and Volkswagen among its investo...

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Hyundai Motor to invest USD 85 bn by 2032 to accelerate EV plans

By:: AUTONEXA
Jun 21, 2023

South Korea's Hyundai Motor said on Tuesday it plans to invest about 109.4 trillion won ($85.4 billion) in the period to 2032, allocating around a third going to meet the "seismic change" in the industry towards electric vehicles. Hyundai Motor, which together with affiliate   Kia Corp. is amo...

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Opinion: Evolution, growth trends and challenges of multi-brand EV dealerships

By:: AUTONEXA
Jun 20, 2023

The global automotive industry is moving towards electric vehicles (EVs) as a sustainable alte<br>ative to traditional inte<br>al combustion engine (ICE) vehicles. This heralds the birth of multi-brand electric vehicle dealerships. As the demand for EVs continues to rise in India, multi-brand EV dea...

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Polestar partners with Geely's Meizu to build Chinese operating system

By:: AUTONEXA
Jun 20, 2023

Swedish electric car maker Polestar said on Monday it has formed a joint venture with Xingji Meizu to build an operating system for Polestar cars sold in China that will provide the latest smart technologies in its vehicles. The venture&nbsp;marks another push by Geely Group to adapt cars specifica...

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After Mercedes, Volvo Cars India to go for D2C retail sales model

By:: AUTONEXA
Jun 19, 2023

New Delhi: The Indian arm of Swedish luxury carmaker Volvo will sell its recently introduced second electric car offering in the country, the C40 Recharge SUV, directly to customers. Volvo India will be the second premium automaker to adopt a direct-to-customer (D2C) retail business model after Merc...

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Toyota Innova Hycross waiting period in India extends to 100 weeks

By:: AUTONEXA
Jun 16, 2023

Toyota Innova Hycross is priced in India from Rs. 18.55 lakh (ex-showroom). The model is available in six variants: G-Slf, GX, VX Hybrid, VX(O) Hybrid, ZX Hybrid and ZX(O) Hybrid. Toyota Innova Hycross waiting period in India Toyota's minivan currently commands&nbsp;a waiting period of up to 100 w...

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