Ola Electric slashes sales targets| 'Govt to take action against dumping li-ion battery waste'| Maruti Suzuki's 1st EV to be an SUV with 550km range

Thursday, December 7, 2023

Top Stories
	Ola Electric slashes sales targets ahead of planned IPO -document, sources
	Govt to take serious note of any report about dumping of lithium-ion battery waste: Nitin Gadkari
	Maruti Suzuki's first EV will be a top-end SUV with 550 km range, launching next year
	Mahindra & Mahindra announces price hike for passenger, commercial vehicles in 2024
	Suzuki Motor Gujarat produces over 3 million vehicles since 2017
	'Four to five years is the required development period for BS VII'
	Software-defined vehicles: How tech cos leverage the opportunity to stay ahead
	Evolution of vehicle infotainment systems: A technological odyssey
	Vehicle retail sales in Nov 2023 grow 18% YoY, 35% MoM to 28.54 lakh units: FADA
	Over INR 5,000 crore subsidy leads to sale of 11.53 lakh EVs under FAME India scheme

	How electric vehicles are accelerating the end of the oil age
	Magenta Mobility appoints Aravind Kumar S R as Chief Financial Officer
	India sees over 120% growth in EVs, hybrid vehicles surge 400%
	Two-wheeler vroom priced in, says CLSA The Economic Times
	As carmakers rush to build software on wheels, Pune-based KPIT pips Tata Tech in service revenue The Economic Times
	Battery swapping policy gets a NITI Aayog push Mint
	Renault to invest USD 379 mn to produce new hybrid SUV in Brazil Business-standard.com
	Nissan's go-it-alone shift clouds Renault alliance Nikkei Asia
	Volkswagen India offers priority check for Michaung flood-damaged vehicles Business-standard.com
	Chinese carmakers rush to build own semiconductor supply chains Nikkei Asia

Electric Vehicles
	Kia India introduces K-Charge featuring over 1000 charging stations of 5 operator
	Texas to impose fee on electric vehicles
	Fujitsu begins pilot modelling project to unify investment in EV charging ecosystem in India

Auto Technology
	SoftBank Corp buys USD 514 mn majority stake in car software firm Cubic Telecom
	New leader of GM's Cruise acknowledges 'all-time low' amid safety review

Passenger Vehicle
	Hyundai Motor India provides INR 3 cr for cyclone relief works in TN
	UK's new car sales up 9.5% in November as fleets snap up latest vehicles - SMMT
	German electric car sales plunge in November
	Lamborghini introduces four-day week for production workers
	Volkswagen says audit finds no sign of forced labour at Xinjiang site
	Danish union to take action against Tesla in solidarity with Swedes demanding collective bargaining

Two Wheelers
	Hero MotoCorp and Ather Energy join for inter-operable EV charging network
	Jawa Yezdi Motorcycles to organise service camp in Cochin for owners in Kerala

Auto Components
	US looks to shut China out of its battery supply chain: Andy Home

Industry
	After week-long talks, fossil fuel faultline leaves COP28 divided
	EU to issue firm words at China summit with limited expectations
	US awards USD 110 mn to reduce wildlife car collisions
	Rupee to gauge dollar's recovery even as economic data drives US yields lower
	Rio Tinto brings forward Simandou iron ore production to 2025
	Ford commercial unit, Xcel Energy partner up to install 30,000 EV charging ports

Oil & Lubes
	Oil climbs after Russia hints at strengthening output cuts
	Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns
	Exxon's CEO sets ambitious agenda on tight timeline

Commercial Vehicle
	Scania India partners with PPS Motors for sales and service of mining tippers
	DICV opens regional training centres in Dharuhera, Haryana, and Pune
	Yogi govt to add 1000 state-of-the-art buses to Uttar Pradesh State Road Transport Corporation fleet