Tesla’s stock has dropped by nearly half in three months. Even so, investors are still debating whether Elon Musk’s electric-vehicle maker remains overpriced. The company’s market capitalisation has dropped 45% since hitting an all-time high of $1.5 trillion on December 17, erasing most of the gains the stock made after CEO Musk helped finance the … Read more
NEW DELHI: Nandan Nilekani-backed Divgi TorqTransfer Systems, which has brought out a Rs 412 crore IPO, has ambitious plans to grow in the EV market. The auto component maker’s MD Jitendra Divgi said he expects its unit at Shirwal near Pune to manufacture EV transmissions to be fully completed during FY24. Edited excerpts from a … Read more
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the … Read more