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The winning bid was made by British car collector, advisor and dealer Simon Kidston on behalf of an unnamed client. Kidston lobbied the Mercedes-Benz board for 18 months to consider selling the car, the report said.

The government has acknowledged that it has “erred” and has not done enough to ...

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The automaker already has two manufacturing facilities in Haryana. The upcoming facility will have a production capacity of 250,000 vehicles per annum and is expected to be commissioned by 2025.

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The automobile industry is still not out of the woods and the Reserve Bank of India's (RBI) move to increase the repo-rate by 45 basis points will make vehicle loans expensive, said a top official of the Federation of Automobile Dealers Association (FADA). Comparing the auto sales in April 2022 with that of April 2019 FADA President Vinkesh Gulati said the sector is still not out of the woods as overall retails were down by minus six per cent.

The gap between Tata Motors and market leader Maruti Suzuki is shrinking each month – Tata Motors has registered a surge of 74% in its sales in the month of April 2022, while Maruti Suzuki reported a nearly 6% decline in the same period. On a year-on-year basis, Tata Motors registered a growth of 74% when compared to April 2021, with its sales surging from 41,700 units.

Nitin Gadkari’s road transport ministry has reportedly asked EV makers to not launch any new electric scooter this year. The informal directive comes after several incidents of electric scooters catching fire. Earlier, Gadkari had also warned EV makers to recall batches of faulty electric scooters and threatened to penalise them for failing to do so. So far, nearly 7,000 electric scooters have been recalled, with nearly half of them coming from Okinawa alone.

• Tata Motors has unveiled a new concept electric car that will be launched globally.
• The car has been named Avinya, which stand

...

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Pony.ai has commercialized robotaxi service in China. The company had to qualify two years of autonomous driving tests. For ...

Hyundai Motor said on Monday that its first-quarter net profit rose 17 per cent from a year earlier as an improved product mix and a weak won helped offset the impact of chip shortages. Net profit for the three months ended in March rose to 1.78 trillion won ($1.42 billion) from 1.52 trillion won a year earlier, the company said in a statement.