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...
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 marks another push by Geely Group to adapt cars specifica...
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...
Earlier this month, Maruti Suzuki launched the Jimny SUV in India with a starting price of Rs. 12.74 lakh (ex-showroom). Bookings for the same commenced in January, and so far, the SUV has gathered more than 31,000 bookings. And now, the carmaker has revealed that the Jimny has a waiting period of s...
The Federation of Automotive Dealers (FADA) has releasedthe industry sales data for May 2023. The Automotive segment registered a cumulative growth of 10.14% until May 2022 with 20,19,414 units sold. Coming to the individual segments, three-wheelers recorded the highest growth at 78.57 percent,...
The new Brezza - ditching its previous 'Vitara Brezza' name tag, the new Brezza was launched in June 2022 and was well received by the Indian car-buying audience. At the time of its launch, the starting price of Brezza was Rs 8 lakh (ex-showroom) and going up to Rs 14 lakh (ex-showroom). The top var...
Artificial intelligence or AI is making its presence in a variety of fields, including the automotive industry. But while factory lines may be looking to streamline work processes, artificial intelligence could also enter the creative fray to design future car models as well. At least for BMW.
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Honda is preparing to launch its much-anticipated Elevate SUV, which will debut on June 6, 2024. The SUV is designed to compete in the highly competitive compact SUV segment in India, with its sleek design, mode features, and expected affordable price point. Let’s explore what the Elevate will...
Hyundai Mobis has developed a new futuristic headlight technology called "HD Lighting" that can help reduce traffic accidents at night by displaying driving information on the road surface in real time, including traffic signs that otherwise mode may not be visible. Hyundai says the new technology n...
