Tata Motors India biz now debt free, Auto News, ET Auto

Tata Motors, which offers petrol, CNG and EV powertrains, expects both CNG and EVs to grow faster owing to “upcoming launches” and “feed off the ICE portfolio”.New Delhi: After considerably reducing the net debt last year, auto major Tata Motors’ domestic business is now debt free. In the year ended March 2024, the Group delivered its highest-ever revenues, profits, and free cash flows.“The India business is now debt free, and we are on…
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Source: https://auto.economictimes.indiatimes.com/amp/news/passenger-vehicle/tata-motors-india-biz-now-debt-free/110025154

Skoda Auto India announces new summer campaign, offers discounts & services – HT Auto

Skoda Auto India announces new summer campaign, offers discounts & services  HT Auto
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Source: https://auto.hindustantimes.com/auto/news/skoda-auto-india-announces-new-summer-campaign-offers-discounts-services-41715395538649.htmlR
https://auto.hindustantimes.com/auto/news/skoda-auto-india-announces-new-summer-campaign-offers-discounts-services/amp-41715395538649.html

Activa 7G Finally Coming To Give Darshan With High Updated Features and New Mileage.

The highly anticipated Honda Activa 7G is set to be launched in the Indian market, following the success of its predecessor, the Honda Activa 6G. The new scooty is expected to hit the market by the end of 2024, with many new technological features that promise enhanced performance and efficiency.FeaturesThe Honda Activa 7G is packed with a range of features including a USB charging port, digital speedometer, odometer, trip meter, tachometer, Bluetooth connectivity, call and SMS alert…
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Source: https://delhibreakings.com/unveiling-the-jaw-dropping-features-of-the-new-honda-activa-scooter/

Vida V1 Pro, fame 2 subsidy date

India’s largest two-wheeler maker Hero MotoCorp believes subsidies are necessary for the electric two-wheeler industry for a longer time period to support the fledging electric vehicle market. The automaker says it is prepared to navigate the market in a lower subsidy regime with aggressive cost-cutting plans in place.“EV is not the category which has matured by any stretch of the imagination. We believe subsidies would be required for a bit longer to support the industry. And once it…
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Source: https://www.autocarindia.com/industry-amp/hero-motocorp-wants-ev-subsidy-to-continue-431546

Tesla: After layoffs, Elon Musk says Tesla to spend $500 mln on charging network

Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business. “Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year,” Musk said in a post on his social media platform X.”That’s just on new sites and expansions, not counting operations costs, which are much higher,” he said. After the…
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Source: https://m.economictimes.com/industry/renewables/after-layoffs-elon-musk-says-tesla-to-spend-500-mln-on-charging-network/amp_articleshow/110018411.cms

BMW 3 Series Gran Limousine M Sport Pro Edition launched in India at Rs. 62.60 lakh

BMW has launched the 3 Series Gran Limousine M Sport Pro Edition at Rs. 62.60 lakh. It is Locally produced at BMW Group Plant Chennai, the car is available in the 330Li petrol variant at all BMW India dealerships and BMW Online shop.It is available in four colours Mineral White, Skyscraper grey, Carbon Black and Portimao Blue. Exclusive M headliner Anthracite upholstery is offered as standard on the new BMW 3 Series Gran Limousine M Sport Pro Edition. The new BMW 3 Series Gran Limousine…
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Source: https://www.cartrade.com/news/bmw-3-series-gran-limousine-m-sport-pro-edition-launched-in-india-at-rs-6260-lakh/

Rivian laying off 92 employees at Orange County facilities – Orange County Register

Rivian Automotive is laying off 92 people at several Orange County facilities, effective June 18, the latest in a series of cost-cutting efforts by the electric automaker. (File photo: Zbigniew Bzdak/Chicago Tribune)

Irvine-based Rivian Automotive is laying off 92 people at several Orange County facilities, effective June 18, the latest in a series of cost-cutting efforts by the electric automaker.
The cuts come just two months after the automaker trimmed 191…
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Source: https://www.ocregister.com/2024/05/10/rivian-laying-off-92-employees-at-orange-county-facilities/amp/