Transportation
The collaboration empowers over 3 million existing customers to use Tummoc beyond intra-city transportation needs. New Delhi: Tummoc, India’s premier travel app known for simplifying daily local travel, has partnered with redBus, a large online bus ticketing platform, to streamline end-to-end outstation transportation. The collaboration empowers over 3 million existing customers to use Tummoc beyond…
High interest rate and persistent inflation have forced businesses to tighten their tech budgets, while U.S. restrictions on Chinese chip companies are also weighing on the sector. Semiconductor Manufacturing International Corp on Thursday lifted its annual capital expenditure forecast to around USD 7.5 billion and said it expects lower fourth-quarter gross margins. The Chinese chip…
A growing chorus of automakers and car industry experts will tell you that giga presses – the high-pressure die-casting machines for car body assembly pioneered by Tesla – will be the key to cranking out future electric vehicles cheaply and in huge volumes. Now, it looks like Volvo is the latest automaker to join the gigacasting revolution. …
“We submitted the detailed project report in mid-October and technology partner agreements with Malaysia, Taiwan and the US. Before Christmas, we are expecting approvals to come through,” he said. Kaynes SemiCon, a 100% subsidiary of Kaynes Technology, is investing INR 2,850 crore in a facility in Hyderabad for outsourced semiconductor assembly and testing (OSAT), with…
Volkswagen Group’s electric car factory in Zwickau, Germany will have to pause production of some of the MEB-based models. According to Freie Presse (via Electrive) and Automotive News Europe, the company’s largest EV factory was negatively affected by an insufficient supply of the all-new APP550 electric motors from the Kassel plant. The new motors were…
About half a year after its sales debut in the United States, the all-electric 2023 Lexus RZ 450e is available with a massive $15,000 lease cash discount. That’s the most impressive deal so far on the electric crossover, superseding the previous $10,000 lease cash offer from July. Lexus did not say if the $15,000 discount…
KEL also announced the launch of a new world-class manufacturing unit in Ahmednagar which will produce high-quality gears and shafts for its premium customer Mahindra & Mahindra. New Delhi: Kinetic Engineering Limited (KEL), a leading auto component manufacturer, has reported nearly five-fold increase in profit for H1 FY24 to INR 3.16 crore from INR 54…
Polestar’s third-quarter financial results reveal a challenging market situation, which forced the company to reduce its expected electric car deliveries in 2023 to around 60,000. Previously, Polestar expected 60,000-70,000 deliveries, which was already reduced from the initial guidance of 80,000 units. In Q3, deliveries amounted to 13,976 electric cars (up 50 percent year-over-year), while during…
The Tesla Cybertruck is due to be released into the wild at a Nov. 30 delivery event, but even though that’s just three weeks away, we know very little about the vehicle’s actual specs. But is the cat out of the bag now? Maybe. A self-described “insider” sent some alleged Cybertruck specs to the folks at…
We’ve seen a lot of developments in the world of electric bicycles in recent years. More and more players are entering the game from brands which are both new and established in the world of cycling. At present, the industry is dominated by big names like Bosch and Shimano, however, another brand with a long…
