New Delhi, Oct 8 (IANS) The global electric vehicle production will grow at a compounded average annual growth rate (CAAGR) of 26 per cent, with volumes approaching 54.1 million units by 2029, a report has said. The EV Powertrain semiconductor market is forecast to grow at a CAAGR of 31 per cent to reach $27.3 billion […]
Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume. Blume will take over as Chairman of the Group Board of Management and remains at the same time Chairman of the Board of Management of Dr. Ing. h.c. F. Porsche […]
The current head of Apple’s electric car project Doug Field is leaving the company for Ford. Ford named Field as the company’s chief advanced technology and embedded systems officer. Field joins Ford from Apple, where he served as VP, Special Projects. Before that, he was senior vice president, Engineering, at Tesla and he will report […]
Leading German luxury car-maker BMW Group has unveiled its CE 02 concept electric mini-bike. According to The Verge, the CE 02 has an 11kW belt-drive motor, which can help the bike reach a top speed of around 90 kilometres per hour (about 56 miles per hour). BMW isn’t sharing the battery capacity, but claims the […]
China-based behemoth the BBK group that owns brands like OnePlus, Vivo, OPPO and Realme (not to forget iQOO) always had a clear market strategy and brand positioning in the fixed price segments for the India smartphone market. Not anymore. For the full calendar year 2019, the BBK Group dominated the Indian smartphone landscape with 37 […]
Microsoft has announced that it is discontinuing production of the Xbox One X and Xbox One S Digital Edition. “As we ramp into the future with Xbox Series X, we are taking the natural step of stopping production on Xbox One X and Xbox One S All-Digital Edition. Xbox One S will continue to be […]
Before the world realised the enormity of Covid-19 repercussions, ride-hailing companies Ola and Uber just appeared set for a long drive of fast-paced growth. After covering most major Indian cities and towns, Ola started expanding its services internationally, including in key global markets like London and Sydney. Uber too appeared to have found […]
A German man accidentally bought 28 Tesla Model 3 vehicles online amounting to 1.4 million Euros after a glitch on companys website. The person known as ‘Ballon-Man’ at online discussion forum Reddit wrote about how he and his father accidentally placed an order for 27 Model 3s instead of just one. The family placed an […]
The auto part supply chain disruption due to the lockdown in China over the novel coronavirus (COVID-19) outbreak is expected to critically hamper India’s automobile production across all segments, the Society of Indian Automobile Manufacturers (SIAM) said on Wednesday. According to Rajan Wadhera, President, SIAM, many automakers in India import about 10 per cent of […]
Automobile major Maruti Suzuki on Monday launched mini-SUV ‘S-Presso’ priced in the range of Rs 3.69 lakh to Rs 4.91 lakh. The company said the mini-SUV has been built afresh on acclaimed 5th generation ‘Heartect’ platform and uses 40 per cent high tensile steel. According to Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India: […]