Expectations are high that the Union Budget 2024 will include measures to accelerate EV (electric vehicle) penetration in India. The automobile sector expects Union Finance Minister Nirmala Sitharaman to make some announcements on the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, enhanced production-linked incentive (PLI) schemes, and other […]
electric vehicles
Hedge funds piled into short bets against Tesla Inc. right before the electric vehicle maker unveiled a set of numbers that triggered a hefty share-price rally. About 18% of the 500-plus hedge funds tracked by data provider Hazeltree had an overall short position on Tesla at the end of June, […]
Rivian Automotive shares climbed over 30 per cent on Wednesday after a $5 billion investment announcement from German automaker Volkswagen. The Volkswagen investment will boost the loss-making startup, help it roll out new electric vehicle models. At 11:06 a.m. EDT, Rivian shares were at $15.64, higher $3.68 or 30.73 per […]
From aluminum to zinc, base metals will be in the spotlight during the annual LME Asia Week gathering in Hong Kong. The electric vehicles that are poised to replace gas guzzlers in the coming decades will end up consuming a good chunk of energy themselves. And Russian natural gas still […]
M&M is looking to capitalize on its market leadership in the automotive and farm segments and unlock the potential of its key subsidiaries—Mahindra Lifespaces, Mahindra Holidays, and Mahindra Last Mile Mobility, which it has identified as its “growth gems”. The outlook for M&M’s automotive business is upbeat, with the company […]