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A 19-year-old hacker claimed that he can remotely run commands in over 25 Teslas in 13 countries "without owners' knowledge", including opening doors and windows and even starting keyless driving. He "could also query the exact location and see if a driver is present", David Colombo tweeted. In another tweet, he claimed Tesla's security team told him they're investigating this.
short by Kiran Khatri / 04:39 pm on 12 Jan
After Elon Musk said he's working through "a lot of challenges" for Tesla's India launch, a government official reportedly said, "Tesla's trying to put using social media." Tesla can bring cars in "knocked down form with zero duty", the official told ET. The firm wants a reduction in import duties "without commitment to producing in India", the official added.
short by Kiran Khatri / 05:25 pm on 13 Jan
Tesla CEO and world's richest person Elon Musk tweeted "Pretty wild" after the Twitter account of a Tesla owners club compared Tesla's $1.1 trillion market valuation to that of 14 other automakers. The tweet claimed that GM, Ford, Toyota, BMW, Daimler, Ferrari, Honda, Nissan, Hyundai, Kia, Subaru, Mazda, Aston Martin and Volkswagen had a combined market value of $955 billion.
short by Kiran Khatri / 10:45 am on 18 Jan
Dan O'Dowd, CEO of Green Hills Software, whose software is used in BMW iX, claimed in a full-page NYT ad that Tesla's Full Self-Driving system is the "worst software sold by a Fortune 500 company". If FSD was in every car, "millions would die every day", the ad alleged. Elon Musk responded saying, "Green Hills software's a pile of trash."
short by Kiran Khatri / 01:43 pm on 18 Jan
After British luxury carmaker Rolls-Royce recorded the best annual sales in its 117-year history, CEO Torsten Müller-Otvös said COVID-19 deaths helped spur sales. "Lot of people witnessed people in their community dying from COVID-19, that makes them think life can be short, and you'd better live now than postpone it to a later date," he told The FT.
short by Kiran Khatri / 09:47 am on 12 Jan
Talks between India and billionaire Elon Musk-led Tesla over potential import duty cuts have reached a "weird stalemate situation", Reuters reported citing sources. Tesla reportedly said it's open to sourcing more auto components locally and eventually moving towards manufacturing, but the government is seeking firm commitments. Currently, India levies 100% duty on EVs priced at $40,000 or more.
short by Kiran Khatri / 02:51 pm on 20 Jan
Karnataka has joined states like Telangana, West Bengal, Maharashtra, Punjab and Tamil Nadu to invite Elon Musk to set up a Tesla plant in the state. Karnataka Minister Murugesh R Nirani called Karnataka "EV hub of India," while adding, "Bengaluru is already Tesla's maiden address in India." Earlier, Musk had tweeted about "challenges with the government" for Tesla's India launch.
short by Pragya Swastik / 05:47 pm on 18 Jan
World's richest person Elon Musk has said that he's "still working through a lot of challenges" with the government for Tesla's launch in India. The Tesla CEO was responding to an Indian engineer's tweet which sought an update on the launch. Last year, Tesla urged India to slash import taxes on electric vehicles before it enters the market.
short by Kiran Khatri / 09:53 am on 13 Jan
Ford Motor's market capitalisation soared to $100 billion for the first time ever on Thursday as its stock hit a 20-year high after it announced plans to increase EV production. This made the 118-year-old automaker more valuable than General Motors ($90 billion) and Rivian Automotive ($72 billion). However, it still lags behind Tesla's $1 trillion market capitalisation.
short by Kiran Khatri / 10:53 am on 14 Jan
Road Transport Minister Nitin Gadkari has said that he has approved a draft notification making at least six airbags compulsory in vehicles carrying up to eight passengers. "To minimise the impact of frontal and lateral collisions [on passengers]...4 additional airbags (will) be mandated in the M1 vehicle category i.e. two side/side torso airbags and two side curtain/tube airbags," said Gadkari.
short by Sakshita Khosla / 06:54 pm on 14 Jan
Toyota issued a statement for its customers in Japan, informing them that the waiting period for Land Cruiser SUV has grown to up to four years. It said, "We sincerely apologize for the fact that Land Cruiser has been very well received not only in Japan but also around the world." Notably, no reason was mentioned for the waiting time.
short by Ridham Gambhir / 05:34 pm on 22 Jan
iPhone-maker Foxconn signs EV partnership with Indonesia govt
short by Aishwarya Awasthi / on 22 Jan 2022,Saturday
iPhone-maker Foxconn has partnered with Indonesia's government and several companies to support EV development in the country. It has signed an MoU for a wide scope of investment on EVs including battery manufacturing with the government as well as Indonesia Battery Corporation. Under the partnership, an open platform that provides both hardware and software services will be available to firms.
short by Aishwarya Awasthi / 09:18 am on 22 Jan
Rolls-Royce car sales soar to highest in its 117-year history
short by Aishwarya Awasthi / on 11 Jan 2022,Tuesday
Rolls-Royce on Monday announced that it created history last year selling the most cars it has ever sold in its 117-year history. The luxury carmaker sold 5,586 cars globally last year, up 49% from its sales in the same period in 2020. Sales of the brand's vehicles hit all-time records in most regions, including China and the US.
short by Aishwarya Awasthi / 11:35 am on 11 Jan
Tata Motors to hike passenger vehicles prices by 0.9% from Jan 19
short by Hiral Goyal / on 18 Jan 2022,Tuesday
Tata Motors will marginally hike the prices of its passenger vehicles by 0.9% starting January 19, the company announced on Tuesday. It cited "steep rise in overall input costs" as the reason for the price hike. The company also clarified that there will be no impact of the price hike on bookings made on or before January 18.
short by Hiral Goyal / 02:59 pm on 18 Jan
Mercedes to become 1st global luxury carmaker to make EVs in India
short by Aishwarya Awasthi / on 12 Jan 2022,Wednesday
Luxury carmaker Mercedes-Benz plans to start local assembly of its EQS electric sedan in India this year, becoming the first global luxury carmaker to assemble electric vehicles (EVs) in India. Mercedes expects to start selling the locally-assembled EQS in India in the fourth quarter of 2022. It started selling imported models of its EQC electric SUV in India in 2020.
short by Aishwarya Awasthi / 03:39 pm on 12 Jan
India's passenger vehicle exports rose by 46% between April-December 2021, according to Society of Indian Automobile Manufacturers (SIAM) data. Passenger car shipments grew 45% to 2,75,728 units while utility vehicle exports rose 47% to 1,46,688 units during the period. Data also showed that export of vans nearly doubled YoY from 877 units to 1,621 units in April-December 2021.
short by Ashley Paul / 08:31 pm on 16 Jan
Volkswagen China shuts 2 Tianjin plants due to COVID-19 outbreaks
short by Aishwarya Awasthi / on 13 Jan 2022,Thursday
Volkswagen's China unit has shut a plant it jointly runs with FAW Group in Tianjin, as well as a component factory, due to recent COVID-19 outbreaks there. "Both plants have conducted COVID-19 testing twice for all employees this week," the automaker said. The city of Tianjin on Wednesday started the second round of COVID-19 testing of its 14 million residents.
short by Aishwarya Awasthi / 04:35 pm on 13 Jan
The Society of Manufacturers of Electric Vehicles (SMEV) in its Budget 2022 wish list has asked the government for priority lending to accelerate EV adoption. SMEV also sought allocation of sufficient funds for R&D. It added that the Centre's Production Linked Incentive scheme needs amendment as there is an "unfair price advantage" for small, medium-sized EV players.
short by Ashley Paul / 04:04 pm on 20 Jan
Porsche India sells 474 units in 2021, highest since 2014
short by Subhangi Singh / on 21 Jan 2022,Friday
Porsche India delivered 474 units in the country last year recording the highest number of cars sold in a year since 2014. The brand registered a growth of 62% over the previous calendar year. Porsche sold 187 units of Macan model which makes 39% of the total sales. Cayenne was the second best-seller contributing 17% of the total sales.
short by Subhangi Singh / 05:25 pm on 21 Jan
BMW brand delivers record 2.21 million vehicles in 2021
short by Aishwarya Awasthi / on 12 Jan 2022,Wednesday
The BMW brand delivered an all-time high of 2.21 million vehicles in 2021, up 9.1% from 2020, the company revealed. It also more than doubled its sales of fully-electric vehicles globally. The BMW Group delivered 2.52 million vehicles, an 8.4% increase from 2020. Earlier, Rolls-Royce announced that it created history last year selling the most cars it has ever sold.
short by Aishwarya Awasthi / 04:58 pm on 12 Jan
Bajaj Auto's net profit falls 22% to ₹1,214 crore in Q3
short by Subhangi Singh / on 20 Jan 2022,Thursday
Bajaj Auto on Wednesday reported a 22% decline in net profit at ₹1,214 crore for the October-December period as compared to a net profit of ₹1,556 crore in the year-ago period. Its revenue from operations rose marginally to ₹9,022 crore. The two and three-wheeler maker's total volumes across categories declined by 10% to 11,81,361 units in the third quarter.
short by Subhangi Singh / 12:55 pm on 20 Jan
Auto sector need GST reduction for e-two wheelers: Experts on Budget 2022
short by Subhangi Singh / on 20 Jan 2022,Thursday
The automobile sector needs reduction in GST for two-wheelers in EV segment to boost demand, experts have said ahead of the upcoming Budget. "Long-term strategy outline is a key expectation" of the sector, Saket Mehra, Auto Sector Leader at Grant Thornton Bharat, said. He further suggested that government should reduce cost of e-mobility and focus on net-zero carbon emission goals.
short by Subhangi Singh / 02:01 pm on 20 Jan
India's largest carmaker Maruti Suzuki on Saturday said it is increasing prices of its models in the range of 0.1% to 4.3% to partially offset the impact of the rise in input costs. The company hiked prices at least thrice in 2021 by 1.4% in January, 1.6% in April and 1.9% in September, taking the total quantum to 4.9%.
short by Subhangi Singh / 02:43 pm on 15 Jan
Reduce GST rate on two-wheelers to 18%: FADA urges govt
short by Hiral Goyal / on 17 Jan 2022,Monday
Automobile dealers' body FADA has urged the government to reduce GST rate on two-wheelers to 18% to generate demand. FADA said two-wheelers aren't used as luxury but as a necessity to travel distances by lower class. "Hence, the rationale of 28% GST + 2% cess which is for luxury or sin products doesn't hold good for two-wheeler category," it added.
short by Hiral Goyal / 04:40 pm on 17 Jan
Volkswagen sells 70,600 ID EVs in China in 2021, misses target
short by Aishwarya Awasthi / on 11 Jan 2022,Tuesday
German automaker Volkswagen sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 1,00,000 cars. The automaker said it would likely double sales of its ID battery electric vehicles in China this year. Volkswagen Group sold 3.3 million cars in China last year, a fall of 14% from 2020.
short by Aishwarya Awasthi / 02:17 pm on 11 Jan
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