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Confirmed: Peugeot to enter India by 2020 in JV with CK Birla Group
The initial investment in capital expenditure will be close to €100 million (Rs 700 crore) for the manufacturing plants in Tamil Nadu
The PSA Group, the parent company of Peugeot and Citroen, has officially announced today that it will return to India through a joint venture with the CK Birla Group by 2020. CK Birla Group is currently in a venture with Hindustan Motors and Mitsubishi in India. The partnership between the PSA Group and the CK Birla Group includes two joint venture agreements. The first one is that the PSA Group will hold a majority share in a joint venture company that is being setup with Hindustan Motor Finance Corporation Limited (HMFCL), a subsidiary of...
First Published:Jan 25, 2017, 13:37:00 IST
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Tesla's Cybercab to feature built-in Starlink antenna, bringing satellite internet to robotaxis
Tesla has confirmed that its upcoming Cybercab will include built-in Starlink connectivity, allowing the autonomous vehicle to access satellite internet beyond traditional mobile networks. The move deepens ties between Elon Musk's companies while supporting Tesla's vision of self-driving robotaxis capable of operating across a wider range of environments.
3 min read
US rejects Tesla bid to avoid recall of nearly 20,000 vehicles over headlight issue
US auto safety regulators rejected Tesla's bid to avoid a headlight recall while a separate investigation found a driver overrode Full Self-Driving before a fatal crash.
1 min read
IIT Kanpur study finds no evidence E20 petrol damages engines, says mileage impact is minimal
Fresh research from IIT Kanpur challenges widespread claims that E20 petrol harms vehicle engines, concluding that the fuel blend causes no measurable engine damage and only a marginal impact on fuel efficiency. The findings come amid ongoing public debate over India's ethanol-blending programme and concerns raised by motorists.
2 min read
As Nissan expands its line-up from one model to four, the carmaker is betting on affordable SUVs, exports and ICE volumes before making its EV play
Nissan Managing Director Saurabh Vatsa explains why the Tekton SUV is central to the brand's India strategy, its export ambitions and why an EV launch will have to wait.
2 min read
Volkswagen layoffs could hit 1 lakh as CEO warns of deeper cost overhaul
Volkswagen is weighing further workforce reductions that could bring total job losses to around 1,00,000, according to an internal message from CEO Oliver Blume. The proposed restructuring comes as Europe's biggest carmaker grapples with shrinking profits, intense Chinese competition, tariff pressures and excess manufacturing capacity.
2 min read
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