US truck engine maker Cummins Inc said that it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings.
Tag: electric cars
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Volkswagen to introduce ID range of EVs in India by 2023
The European carmaker launched its mid-sized Taigun SUV and opened pre-booking for it. Volkswagen plans to sell about 4000 to 5000 Taiguns per month, competing with Creta and Seltos.
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India considers import tax cuts on EVs after lobbying by Tesla: Sources
The Indian government is discussing cutting the import duties on EVs to 40%. The government is open to a duty cut if it sees an economic gain but Tata Motors and Ola are against the proposal.
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EU to stop sale of new petrol and diesel cars by 2035
The European Commission wants to end the sale of new petrol and diesel cars by 2035, under a massive plan to fight climate change. All new cars registered as of 2035 will be zero emission.
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Ford may shut down India operations in TN and Gujarat: Reports
As per reports, Ford is in talks with various car firms for either contract manufacturing or sale of its factories or both. Speculations are rife about Ola utilising Ford’s factories to manufacture electric cars.
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Capgemini to transit to a 100% hybrid and electric vehicle fleet
An announcement has been made by Capgemini regarding ordering only hybrid electric cars and vans for its 12,000-vehicle company fleet. The company is going to transit into a fully electric fleet by 2030.
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Volvo Car Group and Northvolt in JV for battery development
Volvo Car Group is all set to establish a joint venture with Swedish battery company Northvolt to develop and produce batteries, to power the next generation of pure electric Volvo and Polestar cars.
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Gujarat’s Statue of unity set to become India’s first EV only zone
The move came a day post PM Narendra Modi said that Kevadia, where the Statue of Unity is located, will become India’s first EV city. The area will transform into an EV-only zone in a phased manner.
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Stellantis to lay off 1600 workers due to global semiconductor shortage
The US arm of Stellantis will cut one of the two work shifts at its Belvidere assembly plant from July 26, 2021. The factory’s situation is worsened by the severe global microchip shortage.
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Fisker to collaborate with Foxconn to make electric vehicles in US
US based Fisker also plans to start production of the Ocean electric SUV in Europe in the fourth quarter by 2022.