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Suzuki and SkyDrive start production of ‘flying cars’ in Iwata, Shizuoka, Japan – ET Auto

Baua Electric

In addition to the aircraft to be used at the Expo 2025 Osaka, Kansai, Japan, aircraft for sales to customers will be manufactured at this plant.

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Hertz Global eyes worst day on record as EV rental business falters – ET Auto

Baua Electric

The Estero , Florida-based company said it took a USD 588 million hit in vehicle depreciation costs during the quarter, of which USD 195 million was related to EVs held for sale. Higher repair costs also weighed on the company’s overall fleet maintenance expenses. Excluding items, Hertz reported a loss of USD 1.28

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Autonomous car rules advancing faster than the vehicles themselves: UN – ET Auto

Baua Electric

Guichard said Level 1 and 2 technology was probably in half of all new vehicles; “Level 3 is still rare, and Level 4 doesn’t exist for sale as a mass production product”, he said. At Level 4, a driver need not be ready to intervene quickly, at least in limited areas, while Level 5 vehicles are fully autonomous.

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Tata Motors CV earmarks 40% of its investment this year on advanced technologies – ET Auto

Baua Electric

Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Tata Motors CV earmarks 40% of its investment this year on advanced technologies – ET Auto appeared first on Bauaelectric Auto News.

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Ola Electric to invest USD 100 mn in gigafactory – ET Auto

Baua Electric

The firm is proposing to raise up to INR 5,500 crore through a fresh issue and an offer-for-sale (OFS) of 95.2 Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Ola Electric to invest USD 100 mn in gigafactory – ET Auto appeared first on Bauaelectric Auto News.

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Exicom Tele-Systems IPO subscribed 10 times on first day of offer – ET Auto

Baua Electric

The IPO has a fresh issue of equity shares aggregating up to INR 329 crore and an Offer For Sale (OFS) component of up to 70.42 The Qualified Institutional Buyers (QIBs) category fetched 73 % subscription. The IPO got fully subscribed within hours of beginning of the bidding process.

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Vietnam’s VinFast to set up EV battery plant in India -sources – ET Auto

Baua Electric

Reuters reported in September VinFast had begun hiring for sales, legal and back office jobs in India, seeking recruits who “dare to think, dare to do, and dare to face difficulties.” ” It is not immediately clear what the size of the investment is or when a VinFast factory will become operational in Tamil Nadu.

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