Stay ahead with our Automobile Economic News, where we bring you the latest trends, market analyses, and innovations shaping the automotive industry.
Mahindra & Mahindra Ltd., renowned for its robust diesel SUVs, is making a significant leap towards cleaner transportation by investing 120 billion rupees ($1.4 billion) into its electric vehicle (EV) business over the next three years. This substantial investment underscores the automaker’s commitment to advancing electric mobility. In a recent post-earnings call, Rajesh Jejurikar, CEO …
Read more
Tesla, the electric vehicle giant, has made a significant shift in its business strategy by canceling its plans for a lower-cost electric car, a move that deviates from its longstanding goal of making electric vehicles accessible to the masses. Three sources familiar with the matter and internal company communications, as reported by Reuters, confirm that …
Read more
Huawei, the Chinese tech giant, and Chery Auto have reached a significant milestone with the start of mass deliveries of their Luxeed S7 electric sedan. This comes after overcoming challenges related to semiconductor shortages and production issues, as stated by Richard Yu, Managing Director and Chairman of Huawei’s smart car solutions, in a recent post …
Read more
Tesla Inc., the trailblazing electric vehicle (EV) maker, has recently experienced a tumultuous period in the stock market, with its shares showing only a flicker of recovery after a steep decline this year. As the company prepares to release its first-quarter delivery numbers, investors are bracing for potentially underwhelming results, signaling a challenging phase for …
Read more
Renault, the esteemed French automaker, has announced plans to sell approximately 2.5 percent of its stake in Nissan, a move poised to generate as much as 362 million euros ($392 million). This announcement, made on Wednesday, marks a significant step in Renault’s strategy to reshape its longstanding partnership with the Japanese car manufacturer. This upcoming …
Read more
Honda, the renowned automobile manufacturer, has issued a recall for more than 750,000 vehicles in the United States. This recall addresses a critical issue where a faulty sensor could inadvertently trigger the front passenger airbags. The recall encompasses a wide range of models across both the Honda and Acura brands. Affected Honda models include the …
Read more
Xiaomi unveils its first EV (SU7 Model), with ambition to be China’s Porsche or Tesla Xiaomi, the renowned Chinese consumer electronics giant, is set to make a grand entry into the electric vehicle (EV) sector. The company announced its plans to compete with industry leaders like Tesla and Porsche with its innovative car model, the …
Read more
Galadari Automobiles, the exclusive distributor of Mazda in the UAE, recently hosted a unique service campaign for Mazda owners, offering complimentary vehicle inspections. This five-day event, conducted at three service centers across the country, was designed for Mazda vehicles purchased within the last two years. The campaign saw the participation of three Mazda experts from …
Read more
In a significant move towards sustainable transportation, Al Khoory Automobiles, a prominent distributor in the UAE, has formed a strategic alliance with Abu Dhabi’s Integrated Transport Centre (ITC). This collaboration marks a major step in introducing Yutong green buses into Abu Dhabi’s public transport network, aligning with the UAE’s ambitious Net Zero target by 2050. …
Read more