Tata Motors confirms acquisition of Ford India’s Sanand plant for Rs 725.7 crore

Tata Passenger Electric Mobility (TPEML) and Ford India (FIPL) have signed a Unit Transfer Agreement (UTA) to acquire the FIPL plant located in Sanand, Gujarat. The agreement cost (excluding taxes) is valued at Rs 725.7 crore. As part of the agreement, TPEML will acquire all of the land and bu...

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Brezza, Grand Vitara boost Maruti’s numbers in India SUV sweepstakes

SUVs had caused Maruti Suzuki, which traditionally sold one of every two vehicles on Indian roads, to lose market share, which is heavily towards these SUVs. A revamped portfolio of SUVs has already logged 100,000 bookings so far, just weeks after unveiling two models, giving the Japanese automaker ...

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Ola Denies Merger With Uber Technologies - Autonexa

Ola and Uber Technologies are discussing a potential merger. According to ET's latest news report, CEO Ola Bhavish Aggarwal recently hosted a meeting with top Uber executives in San Francisco, United States. The report did not reveal any financial details of a potential deal. Arguably, the potential...

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Bay Area drivers will soon need to pay back $184 million in bridge toll debt

Now's a good time to settle your toll bills, fellas. On the 8th of June, 2022, members of The Bay Area Toll Authority (BATA), a subsection of the Metropolitan Transportation Commission (MTC), held a meeting and decided to send a compiled list of Bridge Toll defaulters to the Califoia Department of ...

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Semiconductor shortage issue is easing: Tata Motors Group CFO

The semiconductor shortage issue is easing and we expect it to get better with every passing month. Tata Motors Group Chief Financial Officer PB Balaji said on Wednesday. Tata Motors reported a consolidated net loss of Rs 4,951 crore in the June quarter as chip shortages and the COVID-19 lockdown i...

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Best Average Scooty in India 2022, Mileage 70 kmpl - 80 kmpl

In India, scooters are a popular choice for their convenience and fuel efficiency. For those looking for excellent mileage, several models in 2022-2024 offer impressive fuel economy, ranging from 70 kmpl to 80 kmpl. Here’s a list of the best mileage scooters from 2022 that fall within this ran...

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Hyundai gets $1.8B in aid to build electric cars in Georgia

Savannah: Georgia state and local govements are giving $1.8 billion in tax breaks and other incentives to Hyundai Motor Group in exchange for building its first U.S. plant dedicated to electric vehicles near Savannah, according to the signed agreement disclosed Friday. The deal calls for Hyundai to...

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Discounts up to Rs 54,500 on Maruti Suzuki Celerio, Wagon R, and S-Cross in July 2022

Select Maruti Suzuki dealers across the country, including the Arena and Nexa chains, are offering massive discounts on their models this month. These discounts are available in the form of cash discounts, exchange bonus, and corporate discounts. Arena The Maruti Suzuki Celerio is available at a c...

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Bosch to invest over Rs 200 cr in next 5 years in India: Soumitra Bhattacharya

Soumitra Bhattacharya, managing director of Automotive Components Ltd., Bosch, said it will invest more than Rs 200 crore in India over the next five years in advanced automotive technologies and the digital mobility space. The company is also " quietly and cautiously optimistic about achieving...

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