The tussle between West Bengal government and Tata Motors in Singur | Explained
The story so far: In what could serve as an epilogue to a long-drawn tussle between Tata Motors and the West Bengal Industrial Development Corporation (WBIDC), an arbitration panel on Monday directed the latter to compensate the automobile manufacturer for “the loss of capital investments” for the suspended Nano manufacturing facility at Singur. Tata Motors was forced to exit the town in southern Bengal following protests by Trinamool Congress leader Mamata Banerjee alleging “forcible acquisition of land” and forced displacements. 

City gas firms brace for hit to volumes from EV push
The Delhi government’s plan to make it mandatory for cab aggregators to have all-electric fleet in five years, and the surge in electric vehicles registration in Mumbai could pose daunting challenges to the dominant city-gas distribution companies in the two metros – IGL and Mahanagar Gas, respectively. However, the extent of the adverse impact on the two firms’ top lines may differ owing to the difference in the EV targets set by the administrations of two mega cities, analysts said.

India is becoming key to automakers
The automotive industry is undergoing a significant shift towards automation and software, and India is emerging as a major player in this new landscape. The automakers are turning to Indian companies and workers to develop software for driverless cars and other innovative technologies. This has helped India gain prominence as a key player in automotive technological innovation.

TPEM and JLR join forces for premium pure electric 'Avinya' series
Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover Plc (JLR), subsidiaries of Tata Motors Limited (TML), have formed an agreement to collaborate on the development of TPEM's 'Avinya' series of premium pure electric vehicles. This partnership, announced on November 2, 2023, will see TPEM leveraging JLR's Electrified Modular Architecture (EMA) platform for the 'Avinya' series.

Tata Motors Q2 Print: JLR revenue up 30.4% at £6.9 billion, FY24 EBIT margin guidance raised to 8%
Tata Motors Q2 Results: Tata Motors announced its July-September quarter results for fiscal 2023-24 (Q2FY24) on Thursday, November 2, with its luxury Jaguar Land Rover (JLR) reporting higher sales and a record revenue. According to a regulatory filing by Tata Motors to the stock exchanges, JLR's revenue increased 30.4 per cent year-on-year with strong wholesales and improved mix.

Tata Motors to continue focus on EVs and CNG, no product planned below Tiago
Tata Motors passenger vehicle business has been on a roll, despite a slight blip in the last 6 months when it didn’t have any new launches, but with the introduction of the refreshed popular models such as the Safari and Harrier SUV, the company is expecting an accelerated growth.

ECT 2023: Challenges and opportunities in India's clean mobility sector
Reliance Industries, one of India's foremost corporate entities, is resolutely an energy company. Seth underscored the company's intent not to evolve into an automobile manufacturer but to spearhead the transition towards clean mobility solutions in India. The company's primary objectives are to mitigate pollution, curb the USD100 billion annual expenditure on fuel imports, and set an example as a pioneer in achieving net-zero carbon emissions.

Centre and States promote e-mobility: ASSOCHAM-NRI Consulting & Solutions joint report
New Delhi: The most sustainable way for India to reduce its dependence on imported crude oil, which is subject to geo-political stress, is to speed up the country’s shift towards electric mobility.

Tata Motors Q2 PAT at INR 3783 cr as all businesses deliver well
New Delhi: Auto major Tata Motors on Thursday reported a consolidated profit after tax (PAT) at INR 3,783 crore during the July to September 2023 quarter. The company reported a net loss of INR 1,004 crore during the corresponding period of last year.

EVolution in India: Charging up the future
India's burgeoning population and economic prowess have triggered a noticeable surge in car ownership. This has also resulted in a significant uptick in emissions, posing a formidable environmental challenge. However, Battery Electric Vehicles (BEVs) are gaining traction in India, offering promising solutions to both environmental concerns and daily transportation needs.

Entry of LCVs, diesel trucks banned in Delhi under GRAP stage III
In addition to this, the centre also issued directions to ban non-essential construction work in Delhi-NCR.

Shah Rukh Khan Car Collection 2023: From German hybrids to British exotics
Bollywood star Shah Rukh Khan is a global name, a branding by itself rather. However, being the brand ambassador of Hyundai, the actor is well known for his collection of expensive cars. The king of Bollywood is celebrating his birthday today, and on this occasion, let’s take a look at his collection of cars owned by Shah Rukh Khan.

Micelio Mobility to deploy entire corpus fund in 4-5 years
Bengaluru: Bengaluru-based clean mobility start-up Micelio Mobility plans to complete the deployment of the ₹150 crore ($20 million) fund in the next 4-5 years through its investing arm, Micelio Fund, says Shreyas Shibulal, founder of the company. With its funding arm, it primarily focuses on pre-seed to Series A investments in early-stage start-ups across the clean mobility spectrum, including OEMs, infrastructure providers, component suppliers, and service providers with the investment ranging anywhere between $100,000 and $1 million.

Finance ministry not inclined to charge up FAME 3

New Delhi: The finance ministry has questioned the rationale behind a proposal mooting continuation of subsidy for electric vehicles in the country under Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme beyond the current fiscal year.

Tata Motors misses Q2 profit estimates

Mumbai: Tata Motors on Thursday reported a lower-than-expected consolidated net profit during the quarter ended September, though there was a sharp improvement in margins buoyed by a richer product mix and better pricing aided by easing of supply-chain constraints.

Riding on festive demand, passenger vehicle sales soar to record high in October
 

Automakers report significant year-on-year growth as festive demand fuels strong performance
 

Tata Motors to supply, operate 200 electric buses in Srinagar, Jammu for 12 yrs
 

Volkswagen launches Taigun GT Edge Trail Edition: Price, Specs, Features
Volkswagen launched the Taigun GT Edge Trail Edition at Rs 16.30 lakh, ex-showroom. The new Trail Edition is the latest to join the Taigun GT Edition portfolio which is available in two colours — Deep Black Pearl and Carbon Steel Grey Matte.

Festival discount: Citroen C3 Aircross gets up to Rs 1 lakh off
Last month, we reported that Citroen’s new C3 Aircross is available with deals worth up to Rs 55,000. Now, the French manufacturer has decided to sweeten the deal further as the mid-size SUV now comes with a discount of up to Rs 1 lakh. 

Elevate propels Honda sales to 9,400 units in October
Honda Cars India has registered a conservative monthly domestic sales of 9,400 units. This is a bit surprising as the Japanese company returned to the SUV segment with the Elevate and last month’s numbers are lower than last year October’s 9,543 units. The company’s export numbers were 3,683 units, which is a bump as it only managed 1,678 units in October 2022. Last month, Honda sold a total of 11,171 units of vehicles, including 9,861 units in domestic market and 1,310 units in exports. 

Maruti Suzuki Grand Vitara to Hyundai Exter: Top 5 CNG SUVs and MPVs in India priced around ₹10 lakh
1 Maruti Suzuki Grand Vitara 

Fourth-generation Skoda Superb sedan to break cover today. What to expect?
 As Skoda has already revealed, the new generation Superb sedan will come featuring a 10-inch fully digital instrument cluster inside the cabin, while the key attraction will be the 13-inch touchscreen infotainment system. The touchscreen infotainment system will come with wireless mobile connectivity, while the car will also get dual-tone brown and black upholstery and heated and ventilated front seats among other features. As the auto manufacturer has hinted, the new generation Skoda Superb will come offering a more premium vibe than the current model.

Zero cannibalisation of Venue from Exter: Hyundai Motor India COO Tarun Garg
 

Would you buy Fortuner, Thar EVs? Five cars that we wish get an electric avataar
1 Maruti Suzuki Alto 

Record sales in sight for 2023, Mercedes-Benz India bullish on 2024 outlook
Set for another record sales this year, Mercedes-Benz India is confident of carrying forward the momentum to 2024 despite supply concerns, company Managing Director and CEO Santosh Iyer said on Thursday. The company on Thursday launched two fresh products -- new SUV GLE priced between Rs 96.4 lakh to Rs 1.15 crore and AMG C 43 with price starting at Rs 98 lakh, completing its planned launch of ten products for 2023.

Demand high, but have supply chain issues towards mild-hybrid batteries: Mercedes-Benz India MD
New Delhi: The country’s largest luxury carmaker, Mercedes-Benz India, is facing supply chain challenges at a time when the demand is quite high because of festive season and the upcoming marriage period. “Growth has been expanding from August to November (because of festive season) and now I am told that it will extend further because in the North, it is the wedding season. So, even after Diwali, we don’t expect demand to come down. But we have a challenge right now with supply chain with mild hybrid batteries,” Santosh Iyer, Managing Director and Chief Executive Officer, Mercedes-Benz India, told businessline on the sidelines of new launches here. He said because of these 48-volt mild-hybrid batteries, which most of Mercedes cars have now, the company produced less number of cars here than what it could sell. In the January-September period this year, the company delivered 12,768 units at a growth of 11 per cent over the same period last year.

Mercedes-Benz India launches AMG C 43 4MATIC sedan at INR 98 lakh
New Delhi: Mercedes-Benz India launched the high-performance AMG C 43 4MATIC sedan at INR 98 lakh (ex-showroom).

Mercedes-Benz India launches GLE LWB SUV at INR 96.4 lakh
New Delhi: Mercedes-Benz India has launched the new GLE luxury SUV starting at INR 94.4 lakh.

2023 Mercedes-Benz GLE SUV launched in India. Check price, features and all that's new
Mercedes-Benz GLE was officially launched in its latest form factor in the Indian car market on Thursday. The GLE SUV has been priced from ₹96.4 lakh, going up to ₹1.15 crore (ex-showroom) and now sports a number of cosmetic updates on the outside and an updated feature list in the cabin. Deliveries for the model will begin from this month. The company also launched C43 AMG 4Matic on the sidelines of the GLE launch, priced at ₹98 lakh (ex-showroom).

Top-end cars 30% of Mercedes sales

New Delhi: In a clear sign that the market for luxury cars is rising, Mercedes-Benz launched 10 cars in the current calendar year at an average price of Rs. 1.66crore. "At the beginning of the year, we said that our key focus will be on the top-end luxury segment," Santosh Iyer, MD & CEO, Mercedes-Benz India, told FE. "This segment, which includes models such as Maybach and AMG, has the strongest demand in the Indian market". 
 

J&K L-G flags off 100 electric buses in Srinagar
New Delhi: The E-buses will be plying on 15 intra-city routes and two inter-city routes and will run a minimum of 200 km per day from 8 a.m. to 8 p.m.

Tata Motors supplies first batch of Ultra EV e-buses to Srinagar Smart City
New Delhi: Tata Motors, India’s largest commercial vehicle manufacturer, has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company.

Ashok Leyland strengthens LVC presence by driving in West Bengal
Ashok Leyland on Thursday announced its plans to strengthen its LCV presence in Eastern India with a particular focus on West Bengal, said the company through a statement.

Altigreen partners with Bolt.Earth to deploy charging points for E3Ws
Altigreen, a pioneering manufacturer of electric vehicles for the last-mile sector, has partnered with Bolt.Earth, a leading provider of charging infrastructure for electric vehicles, to co-deploy 100 3.3 kW charging points for electric 3-wheelers in a month, and over 5000 charging points during the next 3 years, the company said.

Q&A: Ramesh Iyer, Vice Chairman & MD, M&M Finance
Tractor financing major non-banking finance company (NBFC) Mahindra & Mahindra Financial Services (M&M Finance) is targeting its gross stage-3 or gross non-performing asset ratio (GNPA) to moderate to 3.5%-3.7% by March 31 from 4.3% as of September end, Vice-Chairman and MD Ramesh Iyer tells Piyush Shukla in an interview. He shares business guidance for H2FY24 and views on M&M Finance’s subsidiaries’ long term strategic vision. Excerpts:  

Do not write off ICE technology development yet: Experts
New Delhi: The electrification megatrend is gaining ground in India, as it is across many major markets globally. And, electric vehicles are seen as the future. However, that need not be the reason to stop efforts to develop the internal combustion engine. That’s because efforts involving new energy sources, by some technology majors, could strengthen the internal combustion’s proposition in the solution pack for clean transportation.

Are hybrid vehicles better than electric vehicles?
New Delhi: A hybrid vehicle gives the experience of ICE and the benefit of EV with the push of a button. For potential buyers who find EVs expensive and gas prices prohibitive, hybrids are alternatives that fit within the budget and give better fuel efficiency than ICE vehicles.

Indraprastha Gas MD on CNG sales, conversions & Delhi govt’s EV policy
Kamal Kishore Chatiwal, MD, Indraprastha Gas, says “On October 27, we clocked the highest ever sale by IGL of 51.92 lakh kg per day. Earlier, we were just touching around 50 lakh due to this festive sale and plus some of the initiatives that we have taken to increase our dispensing capacity. So we have been able to achieve around 52 lakh kg. And if you see our last annual, that was around 46-47 lakh kg. So there has been an increase of 10 to 12%.”

Dealerships will always be an integral part of Indian auto industry says Landmark Cars chief Sanjay Thakker
 

Domestic tractor sales decline 5% YoY in October due to uneven rains and last year’s high base

Mumbai: Tractor sales in India—a proxy for the well-being of the rural economy, dropped for the second month in a row from last year as uneven rains dented demand. Tractor makers also attributed the drop in sales to a high base effect catching on and a delayed festive period.

Moto Guzzi Stelvio adventure tourer unveiled ahead of EICMA 2023 debut
The Moto Guzzi Stelvio is powered by the V-twin “Compact Block” engine tuned for 113 bhp and 105 Nm

Royal Enfield’s domestic sales up 6% in October 2023
Royal Enfield recorded sales of 84,435 motorcycles in the month of October 2023 as against 82,235 motorcycles sold during the same period in the previous financial year, registering an overall YoY growth of 3 percent.

2023 Triumph Tiger 900 launched at ₹13.95 lakh, is more powerful than before
Powering the 2023 Tiger 900 is the same 888 cc, in-line three-cylinder engine that now produces more power than before. It puts out 106 bhp of max power at 9,500 rpm and a peak torque output of 90 Nm at 6,850 rpm. That is an increase of 13 bhp and 3 Nm. The engine continues to come with a six-speed transmission.

Suzuki Motorcycle India sells 84,302 units in domestic market in October 2023
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, sold 1,00,507 units, registering a growth of 14.4% in October 2023 over same period last year. This month witnessed the highest ever domestic sales of 84,302 units for SMIPL, while also exporting 16,205 units globally, the company said.

2024 Yamaha MT-09 debuts with multiple updates. Check details
For 2024, the MT-09 looks even more aggressive and sharper. The headlamp unit is very sleek now and gets two LED Daytime Running Lamp strips. There is a muscular fuel tank whereas the tail section is quite clean and stubby. The LED turn indicators now have self-cancelling functionality.

Hero Moto records 15% retail sales growth in 17 days of festival season
Source Credit: Deepak Patel, Business Standard

Hero MotoCorp, India's largest two-wheeler maker, on Thursday said its retail sales have grown by 15 per cent during the first 17 days of the festival season this year as compared to the same period last year amid high demand for entry-level motorcycles.
 

New-gen Royal Enfield Himalayan specs out. All-new platform, more power & tech
 The Himalayan now uses a twin-spar frame with a rear subframe using the engine as a stressed member. The airbox has moved up right under the fuel tank shell allowing for higher air intake and better water wading capacity, while the fuel tank has been moved down to under the seat. Speaking of which, the bike also gets a larger 17-litre fuel tank this time. The overall changes have made the bike 3 kg lighter with a kerb weight of 196 kg.

Two-wheeler EV sales rise 12% as Ola Electric sees festive surge
Electric two-wheeler sales rose 12% in October from a month ago, with market leader Ola Electric cornering almost a third of the overall sales, according to data from the government’s transportation portal Vahan.

Japan Auto Show 2023: Honda SC e: electric scooter concept unveiled with swappable batteries
 The SC e: concept draws power from a PMS mid-drive motor, while power will come from two Honda Mobile Power Pack e: battery packs. Each battery pack weighs 10 kg and will be placed under the seat. This leaves little room for practical under-seat storage space but will allow the flexibility to swap batteries and maximise productivity with the e-scooter. Honda does not confirm a range on the concept but it could offer a real-world range of about 100 km on a single charge. The top speed is likely to be around 70 kmph.

Rane Brake Lining Q2FY24 PAT up 48% to INR 9.6 cr
New Delhi: Rane Brake Lining Limited, a leading manufacturer of Brake Linings, Disc Pads and Clutch Facings, said on Thursday that for the second quarter (Q2FY24) total revenue was INR 158.2 crore compared to INR 144.7 crore in Q2 FY23, an increase of 9.3%.

Minda Corp pact with Taiwanese HCMF to form JV for automotive sunroof solutions
New Delhi: Minda Corporation Limited (Minda Corp), the flagship of Spark Minda, a leading automotive components supplier to OEMs and tier 1 customers, has entered into an agreement for forming a Joint Venture (JV) with HSIN Chong Machinery Works Co. Ltd. (HCMF) from Taiwan, a leading global manufacturer of automotive Sunroof and closure systems.

Minda Corp Q2 FY24 PAT at INR 59 cr
New Delhi: Minda Corporation Limited (Minda Corp) the flagship of Spark Minda, delivered consolidated revenue of INR 1,196 crore in Q2FY24, registering better-than-industry growth of 7% YoY. The growth was driven by robust demand in the domestic market, an increasing share of business with key customers, and product premiumisation, despite continuing headwinds from exports on the back of geo-political issues, the company said on Thursday.

JK Tyre upbeat about demand from premiumisation in PV space, shift towards higher tonnage in CV segment
JK Tyre & Industries, one of the leading tyre manufacturers in the country is upbeat about the long-term growth prospects of the automotive industry in India. For Q2 FY2024, the company reported revenue of Rs 3,905 crore, up 4% YoY, EBITDA at Rs 597 crore, as against RS 305 crore a year ago. The net profit came at Rs 249 crore.

How to start a car that is sitting idle for months
Here are a few key tips to follow before you try to start a car that has remained idle for quite some time.

Birla Tyres set to roll again, acquisition finalised by consortium of Himadri and Dalmia
 

Festive demand propels power, fuel demand in October
New Delhi: India’s fuel sales posted a smart rebounded and power demand surged by a record 22% in October as the monsoon clouds over economic activities lifted and auto sales raced ahead, signalling the onset of festive season demand.

Oil & gas sector witnesses 24% hiring boost in India: Naukri JobSpeak Index
New Delhi: In a significant uptick for India's employment landscape, the Oil & Gas sector has recorded a 24% growth in hiring in October 2023, compared to the same month in the previous year, as per the latest Naukri JobSpeak Index.

Delhi air pollution: GRAP 3 kicks in as city's AQI turns severe; primary classes, old cars off
New Delhi: The capital region, which woke up choking in a thick layer of toxic smoke on Thursday, saw its air quality drop rapidly to the 'severe' zone by 5pm, forcing authorities to enforce stage III of the Graded Response Action Plan (GRAP) under which Delhi primary schools were shut for the next two days and vehicles with older emissions standards were barred from running in several NCR districts.

Chola posts 35% rise in PAT in Q2 FY24
Cholamandalam Investment Q2 net up 35% to ₹762 cr.

Volkswagen Taigun GT Edge Trail Edition launched at Rs 16.3 lakh
Source Credit: Autocar India

Volkswagen India has launched a new special edition of the Taigun in order to push sales during the ongoing festive season. Priced at Rs 16.3 lakh, the Taigun GT Edge Trail Edition will be sold in limited numbers.

Discounts up to Rs 3.5 lakh on Mahindra XUV400, XUV300, Bolero, Marazzo
Source Credit: Autocar India

There are massive discounts to be availed on Mahindra SUVs during the month of November, especially on models like the XUV400 EV, the XUV300 and Bolero Neo compact SUVs, the Marazzo MPV, and the Bolero SUV. The discounts come in the form of cash benefits, and official accessories.

Electric scooter sales cross 70,000 units in October
Source Credit: Autocar India

October and November 2023 are set to be record months for both the EV as well as ICE two-wheeler market in India. With the 42 day festive period beginning from October 15 and continuing through to 15 days after Dhanteras, the ICE and EV segments are benefitting hugely from the increased consumer spend on new vehicle purchases. As per retail sales data on the government’s Vahan portal at 5am on November 1, a total of 71,604 electric two-wheelers were sold in October 2023.

2024 Mercedes-AMG C 43 launched at Rs 98 lakh
Source Credit: Autocar India

Mercedes-Benz India has launched the all-new C 43 4MATIC at Rs 98 lakh. With the introduction of the Mercedes-AMG C 43, the German luxury marque now has nine models in its AMG portfolio in the country. The brand has also taken the opportunity to bring the GLE facelift to India at the same occasion.

Mercedes Benz GLE facelift launched at Rs 96.4 lakh
Source Credit: Autocar India

Mercedes-Benz has launched the GLE facelift at Rs 96.4 lakh. The SUV is available with a choice of two diesel engines and a single petrol engine. The model was the German brand’s second best-seller in the financial year 2023, marginally behind the GLS. The facelifted GLE LWB is available in three trims, a 2.0-litre diesel Professional Line, a 3.0-litre diesel AMG Line, and a 3.0-litre petrol AMG Line. 

Maruti, Hyundai, Mahindra post double-digit festive season growth
Source Credit: Autocar India

Combined wholesale numbers of 14 carmakers for October 2023 have totalled a staggering 391,147 units, only a few thousand units shy of the 400,000-unit mark. Strong growth tailwinds in the form of the ongoing festive season, ramped-up production, new models aplenty, and an improved economic sentiment pump up passenger vehicle volumes to a record monthly high.

Tata Avinya to be underpinned by JLR’s EMA born EV platform
Source Credit: Autocar India

As part of accelerating its transition to electric vehicle, Tata Motors has announced a strategic collaboration with its marquee brand Jaguar Land Rover to share the latter’s born-electric Electrified Modular Architecture (EMA). This EMA architecture will be used for its upcoming premium EV Avinya, said, P B Balaji, Group CFO of Tata Motors.

Royal Enfield Himalayan 450 specifications officially revealed
Source Credit: Autocar India

Ahead of its official launch, we have now been allowed to reveal the technical specifications of the new Royal Enfield Himalayan. 

Mystery scooter caught testing in Bengaluru, what could it be?
Source Credit: Autocar India

A new mysterious scooter has been spotted on Bannerghatta road, Bengaluru and at first glance looks quite familiar to the popular TVS iQube. 

Zimbabwe lithium export earnings treble as projects take off
Zimbabwe earned USD 209 million from lithium exports in the first nine months of 2023, nearly treble last year's earnings, Mines Minister Zhemu Soda said on Wednesday, as Chinese-driven mining and processing projects take off.

Tesla's Oct China-made EV sales fall 2.6% from Sept
U.S. automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday.

Toyota ups North Carolina EV plant investment by USD 8 bn
Toyota will significantly expand an electric battery plant in North Carolina, ramping up a bet on zero-emission vehicles in the United States, the automaker announced Tuesday. The Japanese car company now plans a USD 13.9 billion investment in the southern state, up from the prior USD 5.9 billion price tag for the project, first announced in December 2021.

Toyota may not be too cheery on fully electric cars yet because hybrids are hot
Toyota recently cut its EV sales expectations for this fiscal year by a whopping 39 per cent - from 202,000 to a modest 123,000. This was announced by the company during its second-quarter financial report. The Japanese company may be the biggest car maker in the world but its offerings in the completely electric space remains tepidly few. As such, it is banking on conventional vehicles and hybrids to pave its way forward.

UK set to reap GBP 66 bn annual economic windfall by 2040 from connected and automated mobility: Report
The UK stands to gain a significant economic boost of GBP 66 billion annually by 2040, thanks to the adoption of connected and automated mobility (CAM) technology, as outlined in a new report by the Society of Motor Manufacturers and Traders (SMMT).

Toyota recalls 1.9 million RAV4s to fix batteries that may cause fire
The recall covers certain RAV4s from the 2013 through 2018 model years. Toyota said in a statement that some replacement 12-volt batteries used in the SUVs have smaller top dimensions than others. If the hold-down clamp is not tightened properly, the battery could move, allowing the positive terminal to contact the clamp and short circuit, the company said.

UAW’s Six-Week Strike Was Barely a Speed Bump for Jeep’s Hometown
The city that has been home to Jeep since World War II largely shrugged off a six-week strike that mothballed a hulking factory with thousands of workers.

Sensor maker TE Connectivity beats profit target on steady demand from EV makers
TE Connectivity beat Wall Street expectations for fourth-quarter profit on Wednesday as demand for its sensor technology was buoyed by steady sales of electric vehicles (EVs) across the globe.

AMD rises as AI chip sales prediction bodes well for rivalry with Nvidia
Shares of Advanced Micro Devices jumped nearly 6% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch up with market leader Nvidia.

Polestar 4 sets new standard with lowest carbon footprint in company's history
Polestar, the Swedish electric vehicle (EV) manufacturer, has unveiled the ground-breaking results of its first-ever Life Cycle Assessment (LCA) for the Polestar 4. This eagerly awaited report demonstrates that the Polestar 4 is the greenest vehicle in the company's history, boasting of a remarkably low carbon footprint of just 19.4 tonnes of CO2e at launch.

Garmin raises annual sales view, beats quarterly estimates
Navigation equipment maker Garmin raised its annual sales forecast ahead of the crucial holiday shopping period as strength in its auto and fitness businesses drove third-quarter revenue above estimates, sending its shares up nearly 9%.

MAHLE Powertrain opens battery development, testing and prototyping centre in Europe
MAHLE Powertrain, the specialist engineering services provider, has opened a new state-of-the-art battery development centre in Stuttgart, Germany, specifically to cater for the needs of its European clients.

KG Mobility, China EV maker to build battery pack plant
KG Mobility and BYD have signed an agreement at the Chinese firm's headquarters in Shenzhen to build the battery pack plant in Changwon, 300 km south of Seoul, and develop all-electric and hybrid models, KG Mobility said in a statement.

Japan's Nikkei tops 32,000 for first time in two weeks as chips rally
Japan's Nikkei share average crossed the key psychological 32,000 mark on Thursday for the first time in two weeks amid bets for an end to the Federal Reserve's monetary tightening cycle and a peak in U.S. yields.

Aston Martin cuts volume target as new sports car hits production snag
British luxury carmaker Aston Martin posted a bigger than expected quarterly loss on Wednesday and lowered its 2023 volume outlook due to production issues for its new DB12 sports car.

Sigma Lithium expects to complete strategic review by year-end
Brazilian miner Sigma Lithium said on Wednesday its strategic review process has advanced to the final stage and will likely be completed by the end of the year.

Polestar chooses Ohme as official smart charger partner
Award-winning dynamic smart charging company Ohme is the new official home charging partner for Polestar in the UK. The agreement will see Polestar recommend Ohme chargers for all its sales, supporting drivers who need an EV charging solution.

How a luxury car design head draws inspiration from ‘edgy’ Chinese EVs
After nearly 20 years of designing Porsche 911s and Cayennes, Michael Mauer says new competitors led by EV brands from China are making managers and designers in Germany more receptive to risky vehicle concepts.
 

This soccer shoe is themed around Bugatti hypercars. Guess how much it costs
Adidas claims that the shoes come with carbon fibre inlay underneath them, similar to what is found in the Bugatti hypercars. Also, there are signature phrases of Adidas (Impossible is Nothing) and Bugatti (Create the Incomparable) in the shoes. Also, the show box has been designed uniquely as well. The design of the shoe box has been inspired by weaves of carbon fibre. The manufacturer claims that these shoes have been designed specially for soccer players and wearing these will help the players with increased speed and agility.