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Where Are You Driving?
I am not especially in the habit of reposting from politicians, but Wyden is way ahead of almost everyone else on these issues. I am less surprised than everyone else seems to be about Tesla, although I share that distaste for Elon. Granting that global supply chains are what they are, it's interesting that the American companies are at least a little ahead of the German nameplates on the privacy front.
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Pre-owned vehicle mkt in India likely to reach 8.2 mn units by FY26: Report
Pre-owned vehicle mkt in India likely to reach 8.2 mn units by FY26:Â Report
Pre-owned vehicle market in India is expected to reach 8.2 million units by FY’26 from around 4 million units in the financial year ended March 2021, driven by higher demand from smaller cities coupled with increasing new vehicle prices and customers’ changing preferences, a report said on Friday. It also said that the market size is expected to grow to USD 70.8 billion by 2030 at a Compounded…
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Omicron worries may impact passenger vehicle supply: FADA
Omicron worries may impact passenger vehicle supply:Â FADA
Automobile dealers’ body FADA on Thursday said passenger vehicle supplies may get affected further, if chip making countries go under lockdown due to the spread of Omicron variant of COVID-19. The industry body, however, noted that it expects the semiconductor shortage situation to normalise by the second half of next year. “We see year 2022 as a neutral year as the rise of Omicron has once…
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TVS Motor launches Apache RTR 165 RP at Rs 1.45 lakh
TVS Motor launches Apache RTR 165 RP at Rs 1.45Â lakh
TVS Motor Company on Thursday said it has launched Apache RTR 165 RP, tagged at Rs 1.45 lakh (ex-showroom), as the first product under its Race Performance (RP) series. The 164.9-cc motorcycle generates 19.2 PS power and will be limited to 200 units, the two-wheeler maker said in a statement. The motorcycle comes equipped with a race-tuned slipper clutch, adjustable clutch and brake levers,…
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Bharat Forge arm hikes stake in electric two-wheeler maker Tork
Auto components major Bharat Forge on Tuesday said its arm Kalyani Powertrain Ltd has hiked stake in electric two-wheeler maker Tork Motors to 60.66 per cent through conversion of debentures into equity shares.
Earlier this year, Bharat Forge had announced plans to house all of its electric vehicle (EV) business initiatives under Kalyani Powertrain Ltd (KPL), a wholly-owned subsidiary.
On September 4, it had transferred its 48.86 per cent stake in Tork Motors Pvt Ltd to KPL.
"Further, KPL also exercised the option to convert its holding of zero coupon optionally convertible debentures (ZOCD) of Tork into equity shares by serving a conversion notice, pursuant to the terms of the said ZOCD," Bharat Forge said in a regulatory filing.
The conversion of 4 lakh ZOCD of face value of Rs 1,000 each amounted to Rs 40 crore, it added.
Post allotment of equity shares by Tork to KPL on November 22 and owing to the said conversion, the stake of KPL in Tork has increased to 60.66 per cent, it added.
"Consequently, Tork has become a subsidiary of KPL and a step-down subsidiary of the company," the filing said.
Tork had a turnover of Rs 4.3 crore in 2020-21.
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The next big thing in the automotive industry has arrived, and it is known as V2X. The vehicle-to-everything (V2X) technology will not only help in achieving the goal of autonomous driving but also streamline the traffic and reduce the number of accidents on roads. By communicating with other vehicles and pedestrians and then implementing the […]
