Rivian to lay off 6% of its workforce as EV price war concerns grow

Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric truck maker Rivian Automotive said it is laying off 6% of its workforce in a bid to conserve … Read more

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2023 Hyundai Ioniq 6 EPA range, Bizzarrini Giotto supercar: Car News Headlines

Audi’s Q8 is about to come in for a round of updates, as evidenced by a camouflaged prototype spotted in the wild. The changes should help align the gas-powered Q8 with the E-Tron electric SUV, which has been rebranded the Q8 E-Tron following its own update. Revived Italian sports car marque Bizzarrini is working on … Read more

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Budget 2023: BMW, Lexus, Mercedes among luxury car makers to feel customs’ pinch

The Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman on Wednesday and among some big-ticket announcements for the Indian automotive industry was the decision to hike customs duty on fully imported car models. Customs duty on vehicles in completely built units (CBUs) costing less than USD 40,000 or with engine capacity less than … Read more

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2023 Hyundai Ioniq 6 delivers up to 361 miles of range

Hyundai’s handsome Ioniq 6 electric sedan doesn’t only look good, it also offers some decent range. EPA-rated range estimates were published on Tuesday and the highest figure is 361 miles. That’s 58 miles more range than the best estimate for the related Ioniq 5, and three miles more range than the highest estimate for the … Read more

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Bajaj Auto reports 4% increase in domestic sales in January at 1,40,428 units

Bajaj Auto has announced domestic sales figure of 1,40,428 units for January 2023. That is an increase of 4 per cent as compared to the 1,35,496 units that they sold in January 2022. The export figures stood at 1,00,679 units for Jan’23 and 1,87,934 units for Jan’22. So, the exports decreased by 46 per cent. … Read more

View More Bajaj Auto reports 4% increase in domestic sales in January at 1,40,428 units

Maruti Suzuki reports sales increase of 14.29% in January, sells 1,47,348 units

Maruti Suzuki has reported domestic passenger vehicle sales of 1,47,348 units in January 2023 which is an increase of 14.29 per cent as compared to 1,28,924 units that the manufacturer sold in January 2022. Maruti Suzuki said the shortage of electronic components had a minor impact on the production of vehicles and mainly in domestic … Read more

View More Maruti Suzuki reports sales increase of 14.29% in January, sells 1,47,348 units

Budget 2023: Key highlights for Indian auto industry

The Union Finance Minister Nirmala Sitharaman announced a host of measures for the auto industry in her Budget 2023 speech, which she presented on Wednesday in Parliament. There was a slew of measures announced by the minister, which include indirect tax proposals, customs duty removal on EV battery manufacturing capital goods import, focus on hydrogen … Read more

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Is Ford entering F1? Expanding fan base in home country fuelling ambitions

Ford is reportedly warming up to the idea of entering the competitive world of Formula One or F1 racing. While it was previously reported that Ford was interested in a sponsorship deal with F1 team Red Bull, more recent updates suggest that the Americans are open to a wide array of options. By: HT Auto … Read more

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