The Department for Business & Trade of the UK announced that Tata Group will invest more than £4 billion in the country to build a gigafactory. This happens to be one of the largest-ever investments in the automotive sector in the UK. The gigafactory will secure UK-produced batteries for another Tata Sons investment, Jaguar Land…
EBITDA margin at 27.4% in Q2 FY24 was up 330 bps YoY. Improved product mix and higher capacity utilization contributed to the superior operational performance New Delhi: During Q2 FY24, Bharat Forge Limited registered a strong performance across segments & geographies, with robust YoY growth of 20.7% in revenues and 29.3% in profitability. Revenues at…
In recent years, several automakers have been getting into electric bicycles, recognizing these lightweight mobility devices as an integral part of mobility of the future. Indeed, one need not look far to see just how fast the e-bike industry is growing, as nearly every singe bicycle brand already has electric bicycle offerings. That being said,…
Bidirectional charging technology allows Polestar 3 cars to not only charge but also discharge energy from their batteries back to the individual home or the electricity grid. New Delhi: Polestar is joining stakeholders in the electricity grid sector with a large-scale vehicle-to-grid (V2G) project in Gothenburg, Sweden, funded by the Swedish Innovation Agency Vinnova and…
I’m still amazed at how ChatGPT can help write a toast to put people in stitches at a wedding, construct a legal argument to bolster a case and even help with a college admissions essay despite the number of errors the human eye can catch. Even with the glitches, using a chatbot still astounds…
Tesla has adjusted its plans related to the next-generation electric vehicles, which are expected to be produced at a rate of millions of units annually. According to an exclusive excerpt from Walter Isaacson’s biography of Elon Musk, published by Axios, Tesla has been weighing options over the past two years. Tesla’s CEO Elon Musk outlined in…
A senior official of the transport department said the linking of trip meters with GPS would allow them to track their movement in real time and also keep a tab on trip status. With commuters in the national capital continuing to complain about auto drivers demanding fares arbitrarily, the Delhi transport department has decided to…
As the automotive landscape undergoes a transformative shift towards sustainability, an increasing number of Americans are contemplating the switch to electric vehicles (EVs) for their next purchase. With 38% expressing a serious consideration for EVs, it’s essential to explore the primary motivations behind this surge in interest. According to a recent study by Pew Research,…
Californian high-tech advanced mobility company Canoo announced that the U.S. Department of Defense’s Defense Innovation Unit (DIU) significantly expanded the scope of its previously announced partnership. The company says it has leveraged it advanced commercial battery and integration expertise to deliver to the Department of Defense partners a technologically advanced battery pack that can be…
Ford has confirmed Switzerland as the second European market for the F-150 Lightning electric pickup truck after Norway. The F-150 Lightning is coming to Switzerland this year in limited numbers, starting from late November when orders open in the Alpine country. The automaker did not say how may units are allocated for Switzerland. Ford’s electric…
