electric vehicles: India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings

An analysis by Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 percent in 2020 to 76 percent in 2023 while … Read more

China’s Australian coal imports surge, replacing Russia as top supplier, but hi-tech products to be ‘slow burner’

But Russia’s share fell from nearly half to 22 per cent during the same period, as shipments from its northern neighbour fell by 41 per cent to US$1.25 billion. Relations between China and Australia deteriorated in 2020 when Canberra called for an investigation into the origins of the coronavirus. But ties have since slowly improved, … Read more

India approves EV policy; investment, localisation key

New Delhi: India on Friday approved the electric vehicles (EV) policy mandating a minimum investment of Rs 4,150 crore or around $500 million. and allowing investors three years to set up local manufacturing for EVs with domestic value addition (DVA) of 25% by the third year and 50% by the fifth year. “The policy is … Read more

Tesla faces new rival as a tech giant launches its first EV

Tesla is about to face even more competition in the Chinese market as Xiaomi prepares to enter the auto sector. Deliveries of its first-ever electric vehicle (EV) will begin on March 28, Xiaomi revealed on Tuesday. Succeeding where Apple failed, the Beijing-based tech giant famous for its affordable smartphones, smartwatches, and other tech devices, will … Read more

Hyundai: We will continue to strengthen our presence in the Indian market, says Hyundai Motor India MD Unsoo Kim

Korean auto major Hyundai said it will continue to make strategic investments towards increasing production capacity, setting up new manufacturing units, introducing new products and technologies to strengthen its presence in the Indian market. Unsoo Kim, Managing Director, Hyundai Motor India, said, India is a “focal” market for the company. “As we look forward to … Read more

Hackers Found a Simple New Way to Steal a Tesla. Here’s How.

This article originally appeared on Business Insider. If you own a Tesla, you might want to be extra careful logging into the WiFi networks at Tesla charging stations. Security researchers Tommy Mysk and Talal Haj Bakry of Mysk Inc. published a YouTube video on Thursday explaining how easy it can be for hackers to run … Read more

Maruti Suzuki: Maruti bets big on SUVs amid rising demand

Maruti Suzuki India is gearing up for a strong SUV push with at least six out of ten new models planned for the next three years starting FY25 being sports utility vehicles (SUVs), reinforcing the Japanese carmaker’s strong intent to sharpen focus on the vehicle body type amid a rapid shift in buyer preference. The … Read more

Tesla NACS adapter for Ford EVs now available to order

Ford Ford announced last year that it would adopt the Tesla North American Charging Standard (NACS) for EV fast charging, granting Ford drivers access to the Tesla Supercharger network. Now, the automaker is providing a little more detail on exactly how that will work. In the original May 2023 announcement, Ford said owners of existing … Read more