Tesla raised the prices of its Model X cars in the United States by $5,000 on Thursday, according to its website. The Model X all-wheel drive will now cost $84,990, a jump from its previous price of $79,990, the EV maker said, adding that the plaid variant, which was priced at $94,990, will now cost … Read more
US President Donald Trump on Thursday signed three congressional resolutions aimed at overturning California’s push to accelerate electric vehicle adoption and ban the sale of petrol-powered cars by 2035. The move rolls back a key part of California’s climate policy, which had been adopted by 11 other states. Trump, speaking at the White House, called … Read more
GMDC has emerged as one of the street’s hottest stocks in recent weeks as the only listed player into the mining of rare earth minerals. There are a bunch of other companies investing thousands into building a supply chain crucial for the EV era.
Auto major Force Motors and German luxury car maker BMW Group have achieved a milestone in their partnership with the roll out of 1,00,000th engine from the Chennai plant. A sports utility vehicle, BMW X5, received the 1 lakh-th engine produced from the state-of-the-art engine assembly facility located at Singaperumalkoil near here. The collaboration between … Read more
Elon Musk said Tesla Inc. has set June 22 as a tentative launch date for the start of its robotaxi network. Musk said in a post on his social media site X that the date could shift because Tesla is being “super paranoid about safety.” In the post, Musk added that Tesla also aims to … Read more
Maruti Suzuki recently reduced its near-term production target for its first electric vehicle, the e-Vitara, by two-thirds due to a shortage of rare earth materials. A company document reviewed by Reuters shows that the automaker now plans to produce 8,221 units between April and September, compared to the original target of 26,512. The production cut … Read more
Chairman of Maruti Suzuki India RC Bhargava told CNBC-TV18 that the company does not expect any production disruption in June–July 2025 due to China’s export restrictions on rare earth magnets. “Applications are in the pipeline, and we hope they will be processed in the designated time frame,” he said, adding that Indian automotive companies, including … Read more
Vecmocon Technologies, a deep-tech electric mobility solutions provider, has bagged $18 million in Series A funding round. The latest capital injection includes a fresh $8 million raised in Phase 2, led by Ecosystem Integrity Fund (EIF) with participation from impact investor Aavishkaar Capital. This follows an initial $10 million raised in November 2024, also led … Read more
Shares of Tata Motors Ltd. gained on Monday, June 9, after the company shared its outlook for the commercial, passenger and electric vehicle segments during its investor and analyst meet, that is taking place today. 2027 CV Outlook The automaker aims to achieve 40% market share and earnings before interest, taxes, depreciation and amortisation (EBITDA) … Read more
The United States President Donald Trump and his former billionaire entrepreneur ally, Elon Musk, are currently not on good terms following an intense public feud that erupted this week. In the middle of the ongoing heated exchange of words on social media platforms, the US President is considering selling the Tesla Model S that he … Read more