Tesla teases Tuesday event as focus shifts to affordable EVs

Tesla teases Tuesday event as focus shifts to affordable EVs

Tesla teased an October 7 event, in which investors and analysts anticipate the unveiling of a more affordable vehicle to counter falling sales, sending the shares of the Elon Musk-led electric automaker more than 5% higher on Monday. In a nine-second video posted on social media platform X on Sunday, Tesla showed a vehicle with … Read more

Ferrari delays second EV model as demand slows

Ferrari delays second EV model as demand slows

Milan: Ferrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters. Known for its roaring petrol engines, Ferrari has sold hybrid models since 2019 and will begin unveiling … Read more

Volvo Cars to cut 3,000 jobs in restructuring

Volvo Cars to cut 3,000 jobs in restructuring

Sweden-based Volvo Cars said on Monday it will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and uncertainty over trade tariffs. Volvo Cars, which is majority-owned by China‘s Geely Holding , on April 29 unveiled a programme to … Read more

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs. Yet tax credits or not, auto companies show no intention of retreating from a steady transition away from gas-burning cars and trucks, especially given the enormous investment they have … Read more

Long-range EVs now cost less than the average new car in the US

Long-range EVs now cost less than the average new car in the US

The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car.At least three manufacturers — Tesla, Hyundai-Kia and General Motors — now offer EVs with more than 300 … Read more

NSE launches Nifty500 Equal Weight index; base date April 1, 2005

NSE launches Nifty500 Equal Weight index; base date April 1, 2005

NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more

Elon Musk: I’m against tax incentives for EVs

Elon Musk: I’m against tax incentives for EVs

Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.” On Thursday, Musk said he did not favour measures that distorted the market. … Read more

IPO ring to get louder in 2024 with companies looking to raise more than Rs 1 lakh crore

IPO ring to get louder in 2024 with companies looking to raise more than Rs 1 lakh crore

Mumbai: The momentum of India’s primary market is poised to accelerate in 2024 with companies looking to raise more than ₹1 lakh crore through initial public offerings (IPOs), twice the ₹49,434 crore raised in 2023. The average size of such offerings is also expected to more than double to ₹2,000 crore, with several large-sized IPOs … Read more

Ola Electric records over 30,000 registrations in December, dominates the 2W EV segment with 40% market share

Ola Electric records over 30,000 registrations in December, dominates the 2W EV segment with 40% market share

Ola electric scooters. | Photo Credit: Special Arrangement Ola Electric on January 1 announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2W segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% … Read more