Ultraviolette Automotive, the Bengaluru-based electric vehicle startup, is gearing up for an initial public offering (IPO) within the next two to three years. Co-Founder and CEO Narayan Subramanyam said the company aims to raise between $400-500 million through the public listing to support its ambitious expansion plans. The company is set to diversify its product … Read more
1 / 12 Aston Martin Unveils Vanquish V12 in India at ₹8.85 Crore: Aston Martin, the British luxury car manufacturer, has introduced its latest model, the Vanquish V12, in India with a price tag of ₹8.85 crore (ex-showroom). After a six-year break, this launch brings back the Vanquish name, replacing the DBS Superleggera as the … Read more
India’s government has told a court in Mumbai that agreeing to Volkswagen’s demand to quash a $1.4 billion tax bill would have “catastrophic consequences” and encourage companies to withhold information and delay inquiries, court documents show. India’s highest-ever demand for back taxes related to import duties came after scrutiny of 12 years of Volkswagen shipments … Read more
1 / 9 Several major car manufacturers, including Honda, Maruti Suzuki, Renault, Tata Motors, and Hyundai, have announced price increases for their vehicle line-ups starting in April 2025. For most of these manufacturers, this marks the second price rise this year. The decision has been attributed to rising operational expenses and soaring input costs. 2 … Read more
Homegrown electric vehicle manufacturer Ola Electric is under regulatory scrutiny across the country. The Ministry of Heavy Industries has directed the Automotive Research Association of India (ARAI) to investigate discrepancies between the company’s reported sales figures and the number of vehicles officially registered, sources told CNBC-TV18. Ola Electric claims to have sold 25,000 vehicles in … Read more
Maharashtra-based auto component manufacturer Endurance Technologies expects its volumes to recover, particularly from key client Bajaj Auto, despite recent drops in two-wheeler sales. The company’s Chief Financial Officer PS Raja Gopal Sastry said that he expects the volumes to be up again despite the decline. Gopal Sastry believes that “it takes very little for the sentiment, … Read more
Starting from April, popular Mahindra SUVs, including Thar, Scorpio, and XUV700, will get costlier, as auto giant Mahindra & Mahindra announced a price hike of up to 3% across its SUV and commercial vehicle (CV) range on Friday. The company attributed the increase to rising input costs and higher commodity prices, with the extent of … Read more
Tesla is recalling 46,096 Cybertruck vehicles in the US to fix an exterior panel that could detach while driving, adding to a series of call-backs for the pickup truck since last year. This could prove to be a setback for Tesla, with the success of the Cybertruck seen as instrumental to its growth, as the company … Read more
Exponent Energy has announced the launch of India’s first 1-megawatt (MW) rapid charging system for electric buses, enabling a full charge in just 15 minutes. The Bengaluru-based company also revealed plans to introduce 1.5MW charging technology later this year, further advancing India’s EV ecosystem. If you have 15 mins to spare, here’s the full … Read more
Amazon.com’s self-driving unit, Zoox, has recalled 258 vehicles due to issues with its automated driving system (ADS) that could cause unexpected hard braking, the company said on Wednesday. The recall affects vehicles equipped with ADS software versions released before November 5, according to a report Zoox filed with the National Highway Traffic Safety Administration last … Read more