New Delhi, June 27: Tata Motors has announced the official launch dates of its Tata Nexon CNG, Tata Sierra, and Tata Curvv SUVs for the Indian market. Tata Nexon CNG will reportedly become the first SUV to get electric, CNG, and ICE versions in the subcompact segment. Tata Motors plans to expand its SUV lineup in India with the launch of its new Nexon CNG, Sierra, and Curvv. 

Over the next six years, Tata Motors is strategically aiming to boost its market share by 20%, as per a report by Auto Hindustan Times. The report also revealed that Tata Motors has outlined a tentative launch timeline for its prominent SUV lineup, including the Tata Nexon CNG, Tata Curvv, and Tata Sierra in India. Hyundai Casper EV SUV Unveiled at 2024 Busan International Motor Show; Check Range, Battery, Features and Specifications.

The report detailed the unveiling of the Tata Sierra and Tata Curvv electric vehicles at the prestigious Auto Expo 2023. In a further display of its commitment to innovation, the company also unveiled the upcoming Tata Nexon CNG version and the ICE version of the Tata Curvv electric SUV at the Bharat Mobility Show in January 2024. 

Tata Motors reportedly holds a third spot in passenger vehicle sales; however, the company is working on a strategy to gain more market share in the segment. Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, reportedly said that customer preference for sport utility vehicles over other body-type vehicles would increase. Maharashtra Deputy CM Devendra Fadnavis Says Ather Energy Going To Invest Over Rs 2,000 Crore in Manufacturing Facility in State, Will Generate 4,000 Jobs.

Shailesh Chandra said that the Tata Curvv and Tata Sierra will be launched in the next two years and will likely help the company capture the mid-range SUV segment. The company’s managing director said Tata Motors will push more CNG-powered and electric vehicles in the coming years. Tata Sierra will be introduced to the market in FY26, while Tata Cuvv will arrive in the current financial year. Tata Curvv will be introduced in all three versions, including CNG, petrol and EV. Tata Nexon CNG launch is expected later this year.

(The above story first appeared on LatestLY on Jun 27, 2024 11:58 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

New Delhi, June 27: Hyundai Motor on Thursday unveiled its Casper Electric sub-compact sport utility vehicle (SUV), the latest in the automaker’s strengthening electric vehicle (EV) lineup. Unveiled at the ‘2024 Busan International Motor Show’, the Casper Electric is the electrified version of the Casper first introduced in 2021, but with a suite of overhauled improvements.

Compared to the existing Casper, the EV features a body lengthened by 230 millimeters and a width widened by 15 mm, allowing improved space utilisation and driving stability. Its front and rear turn signal lamp design incorporates a pixel graphic theme similar to Hyundai’s Ioniq models, presenting a striking EV design, reports Yonhap news agency. Aston Martin Valiant Unveiled: Limited Edition Valiant to Debut at 2024 Goodwood Festival of Speed; Check Specifications and Other Details.

The Casper Electric is equipped with a 49kWh nickel-cobalt-manganese (NCM) battery, offering a driving range of up to 315 kms on a single charge. Additionally, it can be charged from 10 per cent to 80 per cent in just 30 minutes. Furthermore, it features a V2L (vehicle-to-load) function, allowing the car to supply 220 voltage power to external devices. The trunk length has also been increased by 100 mm, expanding the cargo space by 47 liters from the original Casper.

The interior features a 10.25-inch LCD cluster, navigation system and an electronic gear shift column. Additionally, the steering wheel’s center features four pixel lights that show the charging status, voice recognition and other functions. Maruti Suzuki Fronx Velocity Edition Available Now in India; Check Price, Specifications and Other Details.

Hyundai Motor will receive preorders for the long-range model next month and plans to sequentially introduce other trim models later on. Hyundai also showcased other key electric models, including the Ioniq 5 and 6, the Kona Electric, the ST1 commercial delivery model and the hydrogen-powered Xcient fuel cell truck

(The above story first appeared on LatestLY on Jun 27, 2024 10:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Mumbai, June 26: Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday announced that EV company Ather Energy is going to invest more than Rs 2,000 crore in a manufacturing facility in the state that will generate around 4,000 jobs.

In a post on social media platform X, Fadnavis said he met Swapnil Jain, Founder of Ather Energy, where he was informed about the “great decision.” “Ather Energy, the leading electric scooter manufacturer, has chosen Maharashtra for its third manufacturing facility in Aurangabad Industrial City (AURIC). Rivian’s Market Value Increases to USD 6 Billion, Share Price Jumps 50% After It Announces Joint Venture With Volkswagen Group.

It is a more than Rs 2,000 crore investment, generating employment of around 4,000,” Fadnavis posted. The state-of-the-art plant will annually produce up to 1 million units of vehicles and battery packs both. “This move underscores Maharashtra’s supportive business environment and robust policies for electric vehicle manufacturing, aligned with Prime Minister Narendra Modi’s vision for India’s industrial growth,” said the Deputy Chief Minister.

“With effective connectivity via the Samruddhi Expressway, investors are increasingly seeing the potential of this region. This significant investment will not only enhance Maharashtra’s role in the electric mobility revolution but also contribute to boosting employment opportunities across the state,” he added. Jain said that they were excited about the investments in Maharashtra.

“With our expanding product portfolio and the increasing consumer demand for our products, we decided to strategically diversify our production capabilities to an additional location that will be closer to more markets in the country,” he posted on X. “We are thankful to the Maharashtra government and its policies that foster EV manufacturing and growth,” Jain added. Tesla, Hyundai, Kia and Volkswagen To Voluntarily Recall 4,56,000 Vehicles for Faulty Auto Parts.

Founded in 2013 by IIT-Madras alumni Tarun Mehta and Jain, Ather Energy launched its first electric scooter, Ather 450, in 2018, which was followed by Ather 450X in 2020. Ather has also established a public charging network, with over 1,900 charging points across over 100 cities.

(The above story first appeared on LatestLY on Jun 26, 2024 08:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Seoul, June 26: The four companies, also including Volkswagen Group Korea and Tesla Korea, will voluntarily recall 456,977 units of 11 different models, the Ministry of Land, Infrastructure and Transport said in a statement.

The problems that prompted the recall include a design flaw in the engine starter motor in 236,518 units of two Hyundai Genesis models, posing a fire risk. BYD Seal EV Flagship Sedan Launched in Japan, Becomes Company’s Third Car in Country; Check Details.

Also 18,397 units of the hybrid version of Hyundai’s Santa Fe SUV were found to have a software error in the electronic brake system. Kia will recall 157,188 units of its Sportage SUV due to the poor durability of its hydraulic electronic control unit, reports Yonhap news agency. Tesla Model Y Flips Seven Times in Crash, yet Everyone Inside Car Survives; Safety Is Our Primary Design Goal, Says Elon Musk While Reacting to Old Accident Video.

Volkswagen will recall 4,886 units of the ID.4 model due to a software error in the information and electronics control unit, and Tesla will recall 2,819 units due to an error in the seatbelt warning systems in four models. Last month, Hyundai Motor, Kia and two other carmakers recalled over 7,700 vehicles due to faulty components.

(The above story first appeared on LatestLY on Jun 26, 2024 11:09 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Shibuya, June 25: China’s BYD has reportedly launched its most expensive Seal EV model in Japan. The new 2024 Seal EV will be the third electric vehicle from BYD in Japanese market. China’s BYD is the largest electric vehicle maker in the world and reportedly holds around 19.4% market share. Tesla, the second-biggest EV marker in the world, has around 12% of the market share. With its third and most electric vehicle entry in Japan’s market, BYD would provide premium features and specifications to potential buyers in the country.

Business Standard reported that BYD Seal EV orders already started on June 25, 2024 (today) in Japan. The BYD Auto has launched its Seal EV in Japan at around 5,28 million yen (around Rs 27,63,029 or $33,111). In China, the same model is priced at 1,17,800 yuan (around Rs 20,65,711), said the report. The entry of China’s BYD Auto in Japan could affect the domestic automobile companies, which are reportedly struggling with other EV makers. Audi RS Q8 Facelift Unveiled With Technological Updates and Most Powerful V8 Engine; Check Key Specifications and Features.

Build Your Dream (BYD) witnessed a setback in electric vehicle sales during April-June compared to last year, according to Atsuki Tofukuji, BYD Auto Japan’s president, during the launch event of Seal EV at Shibuya. He further told that the sales were affected due to a big reduction in the EV subsidies offered by the Japanese government. 2024 Nissan X Trail SUV Officially Teased; India Launch Imminent.

According to the report, BYD Auto would aim to offer RWD (Rear-Wheel-Drive) and AWD (All-Wheel-Drive) car versions. These versions are said to be introduced in the country with an 82.56 kilowatt-per-hour battery pack. BYD Auto Japan further said that the RWD variant would offer up to 640km range per single charge. On the other hand, the AWD variant would offer up to 575km range on a single charge for 6.05 million yen. BYD Auto launched its BYD Atto 3 and BYD Dolphin electric cars in Japan last year. The company would reportedly add at least one latest model to its lineup in Japan every year.

(The above story first appeared on LatestLY on Jun 25, 2024 06:26 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Mumbai, June 25: Classic Legends is ready to bring back another legendary brand in the Indian market. After reviving the Jawa and Yezdi brands, the company will resurrect the legendary Birmingham Small Arms (BSA) motorcycle brand in the country on the 78th Independence Day. The company has started sending out block your date for the event, hinting at an unveiling of a motorcycle, which could be the BSA Gold Star 650.  Hero MotoCorp To Hike Prices From July 1.

The British Motorcycle brand owned by Classic Legends, a subsidiary of Mahindra Group, was revived in 2021 globally with the launch of a modern classic bike, the Gold Star 650. The brand is likely to follow the same strategy for the Indian market as well.

BSA Gold Star 650 (Photo Credits: BSA UK)

The upcoming BSA Gold Star 650 sports a retro design taking inspiration from the bike produced in the 50s and 60s, featuring a circular headlamp, flat seat, wide handlebar, and classic-style fuel tank. Chrome detailing on the bike further underlines its aesthetics as a modern classic bike.

Built on a tubular steel double cradle frame, the modern classic bike gets telescopic suspension upfront and dual shockers at the rear. At the front, the bike has a 320 mm disc and a 255 mm disc at the rear. It will also come with dual-channel ABS as standard fitment.

BSA Gold Star 650 (Photo Credits: BSA UK)

It will draw power from a 652 cc, single-cylinder, liquid-cooled engine paired with a 5-speed gearbox. The unit will churn out 45 bhp at 5,000 rpm and 55 Nm of torque at 4,000 rpm. The bike is likely to be priced under Rs. 4.5 lakh ex-showroom and will be a direct rival to Royal Enfield’s Interceptor 650.

(The above story first appeared on LatestLY on Jun 25, 2024 01:31 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Seoul, June 24: Unionised workers of South Korea’s leading automaker Hyundai Motor on Monday overwhelmingly voted in favour of staging a strike following the collapse of annual wage negotiations between management and the union.

Earlier this month, the union decided to call off further negotiations after holding the eighth round of wage talks at the company’s plant in Ulsan, around 300 km from Seoul, Yonhap News Agency reported. Monday’s vote was conducted at the Ulsan plant. According to the union, 89.97 per cent of a total of 41,461 votes cast were in favour of a strike. If executed, the walkout would be the first for the company in six years. Hero MotoCorp To Hike Prices of Select Motorcycles and Scooters by up to Rs 1,500 Effective From July 1.

Hyundai Motor’s union has not carried out a strike in the last five years, taking into consideration various factors, such as the Covid-19 pandemic and national trade issues. The union plans to discuss whether and when to carry out the strike in a future meeting. It will also continue to hold working-level negotiations with the management. BIS Introduces Two New Standards To Boost Safety and Quality of EVs; Check Details.

The management has reportedly offered to provide a basic monthly salary increase of 101,000 won ($73.50) and an additional bonus package, which includes an incentive of 350 per cent of an individual’s monthly salary, as well as the issuance of 20 shares of company stock. The company also offered to create a joint management-union fund to be used for donations and other public outreach programmes.

(The above story first appeared on LatestLY on Jun 24, 2024 06:05 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Seoul, June 23: Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed on Sunday.

The country’s top 1,000 companies made investments of 72.5 trillion won ($52.12 billion) combined in 2023, up 8.7 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology. It was the largest ever amount, it showed, reports Yonhap news agency. CERT-In Finds Multiple Bugs in ‘Golang Go’ Programming Language Affecting IBM’s Data Management Software.

The increase came despite their sales falling 2.8 per cent on-year to 1,642 trillion won, and the proportion of corporate R&D investment out of sales rose 4.4 per cent in 2023 from the previous year’s 3.9 per cent. Tech giant Samsung invested the largest amount in R&D last year with 23.9 trillion won, which was up 14.4 per cent on-year and accounted for 32.9 per cent of the total investment by South Korean companies.

Leading carmaker Hyundai Motor came next with 3.7 trillion won, which marked 15.6 per cent on-year growth. R&D spending by chip behemoth SK hynix fell 10 per cent year-on-year to 3.6 trillion won. Home appliances giant LG Electronics increased its R&D expenditure by 10 per cent to 3.3 trillion won, and Samsung Display Co. spent 2.8 trillion won on R&D last year, up 12 per cent on-year.

Kia Corp. was the fifth-largest R&D investor last year with 2.2 trillion won, the data showed. Of the 1,000 companies, 171 were large conglomerates and 491 were second-tier mid-sized companies. The remaining 338 firms were mid- and small-sized companies. Byju’s Moves Karnataka High Court Against NCLT Order Restraining It From Going Ahead With Its Second Rights Issue.

“The number of mid-sized companies that were among the top 1,000 major R&D investing companies has risen over the past years. The government will extend support for companies to increase investment for innovation,” a ministry official said.

(The above story first appeared on LatestLY on Jun 23, 2024 02:04 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

New Delhi, June 22: In a bid to boost the safety and quality of electric vehicles (EVs), the Bureau of Indian Standards (BIS) on Saturday introduced two new standards. The two new standards — ‘IS 18590: 2024’ and ‘IS 18606: 2024’ — will aim to enhance the safety of EVs in the L, M, and N categories.

“These standards focus on the critical component of electric vehicles — the powertrain — ensuring it meets stringent safety requirements. Additionally, they emphasise the safety and performance of batteries, ensuring they are both powerful and secure,” said the Ministry of Consumer Affairs, Food and Public Distribution. India-European Union Trade and Technology Council Organise Event Featuring 12 High-Impact Startups in Battery Recycling Technologies for EVs.

According to the Ministry, the shift to electric mobility extends beyond cars and trucks and e-rickshaws and e-karts are gaining popularity across the country. To address this, BIS has introduced ‘IS 18294: 2023’, which establishes safety standards specifically for these vehicles. Tata Motors Announces To Hike Price of Its Commercial Vehicles by up to 2%, Effective From July 1.

These standards cover various aspects, from construction to functionality, ensuring the safety of both drivers and passengers. With these new standards, BIS said it has raised the bar, now having a total of 30 Indian Standards dedicated to electric vehicles and their accessories, including charging systems. “These standards are crucial in driving the transition to a more sustainable, environmentally friendly, and efficient transportation system in the country,” said the ministry.

(The above story first appeared on LatestLY on Jun 23, 2024 10:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Chattanooga, June 21: Volkswagen plans to lay off an unspecified numbers of employees from its Chattanooga city in Tennessee in the United States to drive efficiency and save costs. The German automobile maker said reducing the workforce would be part of implementing a global performance programme. A report said the Volkswagen layoffs would affect some administrative and salary positions.

A company spokesperson said that Volkswagen layoffs would “drive efficiency and cost savings at its core brand,” citing a report by Local 3 News. The report said that the Volkswagen spokesperson also highlighted that positions, including “salaried” and “administrative” roles, would be affected in the layoff round for the U.S. business. Paytm Layoffs, Termination: Employees File Complaint With Ministry of Labour for ‘Unlawful Treatment’, Indian National Congress’ AIPC Says Will Fight for Them.

The report said that the job cuts would not impact the “hourly workers” at the assembly plant. The spokesperson further highlighted that Volkswagen would support the employees during this transition period. According to the report, the Times Free Press told that the Volkswagen layoffs would likely impact less than 50 positions at the Volkswagen Chattanooga location. The report also emphasised that the layoffs would not include any production workers.

According to another report by NewsChannel 9, when asked about the number of positions affected by this decision, the spokesperson said that it would lead to a small number of salaried and administrative employees leaving their positions. Further, the report mentioned that the changes would not be isolated to Volkswagen in Chattanooga. 

These reports mentioned that the company is implementing a global performance programme to cut costs and boost efficiency. This could hint at future layoffs at the company in other locations beyond the Chattanooga plant; however, it cannot be confirmed now. Bluevine Layoffs: Fintech Company Cutting 12% of Its Israeli Workforce To Adjust Priorities and Respond to Changing Market Needs.

The automobile industry, particularly the EV industry, including Tesla, Rivian, and Fiskers, recently announced mass layoffs, leading to thousands of people leaving their roles. These layoffs at electric car manufacturing companies were announced amid the ongoing price wars, slow demand and other reasons.

(The above story first appeared on LatestLY on Jun 21, 2024 07:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).