ChargePoint to buy VW-backed charging software firm for $295 million

ChargePoint, one of the world’s largest electric vehicle charging networks, on Tuesday said it has agreed to acquire operating software firm for 250 million euros ($295 million) to expand its foothold in the European market. Founded in 2013,, in which Volkswagen is a minority shareholder, employs 125 people in Austria and Germany. Its … Read more

Hyundai to slash combustion engine line-up, invest in EVs: Sources

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

Nvidia Signs In-Car Entertainment System Deal With Hyundai

Chip maker NVIDIA on Monday announced that Hyundai Motor will use the NVIDIA DRIVE in-vehicle information and entertainment system for all its Hyundai, Kia, and Genesis models from 2022. NVIDIA said the luxury vehicle division of Hyundai, Genesis, already uses NVIDIA DRIVE for its GV80 and G80 models. NVIDIA declined to say how many vehicles NVIDIA DRIVE … Read more

2020 Hyundai Creta prices revised, new petrol base variant added

Hyundai Motor India has revised the 2020 Hyundai Creta prices across all the variants and added a fresh entry-level petrol trim to the SUV’s line-up. Following the revision, the new Hyundai Creta prices now start at Rs 9.82 lakh (ex-showroom, New Delhi) and touch Rs 17.32 lakh (ex-showroom, New Delhi) for the top-spec variant. Earlier, … Read more

Sharp rebound for auto sector: Hiring picks up in Motown as companies restart production

Mumbai: The Indian auto industry’s recent fillip to sales propelled by the pent-up demand released after the lockdown was eased has seen a number of fresh job positions opening up in the segment. Hiring activity recovered in terms of demand for white collar and blue collar workers in July from the slump hit in March … Read more